Bank of America customers hoping for a crypto offering from the bank will be disappointed after its CEO nixed the idea. Speaking at the World Economic Forum (WEF) in Davos, Brian Moynihan revealed tha...
Tag: America
Bank of America CEO Dismisses Crypto
Alex Dovbnya CEO Brian T. Moynihan simply said “No” in response to a question about whether or not the banking giant was missing out on cryptocurrencies In a recent interview with Yahoo! Finance, Bank...
U.S. Republican Senators Propose Bill to Ban China’s Digital Yuan Use in America – crypto.news
United States Senators have on May 26, 2022, introduced a new bill aimed at stifling the adoption of China’s central bank digital currency (CBDC), e-CNY in America. If passed, the “Defending Americans...
Why Bank of America won’t be rushing into crypto anytime soon
DAVOS, Switzerland — The crypto faithful shouldn’t expect Bank of America to make a major push into the sector anytime soon. “No,” replied Bank of America CEO Brian T. Moynihan when ...
Huobi acquires Latin America exchange Bitex
Huobi Global announced today that it has purchased Latin America-based exchange Bitex in a deal with confidential terms. Bitex, founded in 2014, operates in Argentina, Chile, Paraguay and Uruguay. Th...
Tether ingresa a América Latina con una stablecoin vinculada al peso mexicano
“Hemos visto un aumento en el uso de criptomonedas en América Latina durante el último año, lo que hizo evidente que necesitamos expandir nuestras ofertas”, dijo el director de tecnología de Tether, P...
Huobi boosts presence in Latin America
Huobi Global, a digital currency exchange, has announced that it has purchased Bitex. Bitex Crypto exchange platform is active in Chile, Argentina, Uruguay, and Paraguay. According to Huobi, they are ...
Popular Exchange Huobi Global Acquires Latin America Based Bitex Exchange
8 hours ago | 2 mins read Exchange News Bitex serves the people of Argentina, Uruguay, Paraguay, and Chile. Latin America’s crypto use increased by 1,370 percent between 2019 and 2021. Huobi Global, t...
Navy Releases Grim USS Connecticut (SSN 22) Investigation; DoD Must Demand Accountability
The Seawolf-class fast-attack submarine USS Connecticut had a long record of trouble before running … [+] aground in October 2021 ASSOCIATED PRESS A heavily redacted Command Investigation into t...
Bank of America CEO says nothing will slow U.S consumer from spending money
Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an ele...
Bank of America is raising its hourly minimum wage to $22 — here’s how many people don’t even come close to pay like that
Bank of America workers are getting a pay bump at the end June when minimum wages climb to $22 as a part of the major bank’s longstanding plan to get its starting rate to $25 by 2025. It’s good news f...
Goldman Sachs and Bank of America have very different calls for when stocks will hit bottom
After seven straight weeks of losses, Goldman Sachs is just about ready to call a floor on this rout in equities. In the latest weekly note to investor clients, Goldman‘s chief U.S. equity strat...
A bear-market rally could be lurking, but investors should ‘sell any rips,’ says Bank of America
Despite the extensive losses seen for stock markets so far this year, it’s not over until it’s over — and investors should keep selling into any big rebounds higher. That’s the advice from a team of s...
Rural Electrification 2.0 – The Electric Truck Is Here
Ford F150 Lightning kicking dust on a dirt road. J.Repak Productions Growing up in rural America, my first vehicle–like many of my friends–was a truck. Like many before me, moving to a city meant trad...
Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered
Guy Spier, the fund manager of the Aquamarine Fund, has no shortage of praise to pour upon Jamie Dimon, the chairman and chief executive of JPMorgan Chase. “The combination of Jamie Dimon and JPMorgan...
Here’s The Worst Case Scenario For Stocks, According To Goldman, Deutsche Bank And Bank Of America
Topline Amid heightened recession fears, major Wall Street firms now warn that the ongoing market selloff, which is on track for seven consecutive weeks of losses, could get much worse—with stocks set...
Bank of America clients’ cash rises to the highest levels since 9/11 disaster
Concerns around equity markets and their near-term performance have investors transferring assets into cash. A Bank of America (NYSE: BAC) survey published on Bloomberg, shows investors moving into ca...
Bank of America Clients Hoard Cash at Highest Level in Two Decades
(Bloomberg) — Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey t...
Strong air travel recovery in US, Europe, Latin America but Asia lags
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International...
Is it now or never for a stock rally? Fund managers’ cash pile is the biggest since 2001, says Bank of America
Fearing stagflation and higher interest rates, global money managers have been amassing cash at a level not seen in two decades. That’s according to an “extremely bearish” May survey of global money m...
Inflation is the ‘top problem’ facing America, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continu...
Out of 100 housing markets in America, this is the least overpriced, study finds
Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will ...
Why the Fed wants corporate America to have a hiring freeze: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Ethan Wolff-Mann, a...
Bitso introduces new feature that lets customers in Latin America earn yield on their crypto
Latin American crypto exchange Bitso is now offering its clients the opportunity to rack up extra earnings on the crypto in their wallets through a new yield feature. Bitso users in Argentina, Brazil ...
How To Apply For U.S. Citizenship And How To Renounce It
A U.S. passport symbolizes possession of U.S. citizenship. Over 750,000 people a year apply for this … [+] benefit. getty Every year, over three-quarters of a million people apply for U.S. citiz...
Not an Inflation Hedge: Bitcoin Showing Close Correlation With Stocks, Says Bank of America Analysts
Bank of America has released a report recently, questioning the status of bitcoin as an inflation hedge considering its recent correlation with the stock market. Two analysts from the Wall Street gian...
Bank Of America: Bitcoin Is Not A Portfolio Variegator
Bank of America has recently signified that Bitcoin might not prove to be the best choice for the folks. Bitcoin last witnessed its ATH in November and is underperforming compared to that mark. Bitc...
Bank of America Proves Bitcoin Is Not Portfolio Diversifier
Alex Dovbnya Bank of America has debunked the argument that Bitcoin can function as a portfolio diversifier Bank of America, one of the largest banking institutions in the U.S., has demonstrated that ...