EXPLAINED: 6 | Rare Historical Photos

Micron and 15 Other Stocks To Play The AI Buildout Race: They Are Still 20% Below Highs

Bank of America thinks the sell-off in AI infrastructure stocks has gone far enough to be worth buying again.

Benzinga · Aug 14

North Carolina woman fell from 14,500 feet after both parachutes failed, crashed onto a fire-ant mound and survived more than 200 stings

In September 1999, Joan Murray, a 47-year-old Bank of America executive from Charlotte, North Carolina, survived a skydiving accident that left her with devastating injuries. She had jumped from about 14,500 feet when her main parachute failed to open. Her reserve parachute deployed at roughly 700 feet but soon lost…

The Times of India · Aug 14

Gen Z wants financial freedom from their parents - but are finding it impossible, experts say

‘Gen Z is the most financially aware generation in the past half-century’

The Independent UK · Aug 13

Oracle plans more layoffs as AI spending surges. Is the AI jobs apocalypse finally here?

Oracle is said to be planning additional job cuts this month, following a substantial reduction in its workforce in the previous fiscal year. Meanwhile, wider trends indicate that while AI is reshaping jobs rather than simply removing them, investment in AI is simultaneously generating new employment opportunities across diverse sectors.…

The Economic Times · Aug 12

Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal

Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is…

The Economic Times · Aug 12

APP Stock Alert: AppLovin's Latest Downgrade Sends Clear Signal on Growth Trajectory

APP stock dropped almost 6% after a downgrade raised doubts about its 30% growth goal. Here's what the company said on its earnings call.

Barchart · Aug 12

Bank of America to deploy $250 billion for US digital, infrastructure projects

Bank of America plans to invest $250 billion in American infrastructure projects. This initiative will support digital and energy infrastructure development. The bank's financing will also cover core infrastructure like transportation systems. This move follows Morgan Stanley's similar commitment to technology and infrastructure. These investments aim to boost economic growth…

The Economic Times · Aug 12

AI Job Apocalypse Debunked? BofA Presents Nuanced Data — And Warning Signs

A growing wave of AI-linked layoffs has yet to translate into widespread job destruction across the U.S. economy, according to Bank of America.

Benzinga · Aug 11

Nvidia Stock’s Rubin Era Begins: A ‘Top Pick,’ BofA Says

Nvidia Corp‘s (NASDAQ:NVDA) AI story is entering a new phase, but investors appear increasingly focused on what could go wrong.

Benzinga · Aug 10

Strong Corporate Earnings And AI Spending Lead JPMorgan To Lift Its S&P 500 Forecast For The Second Time In Two Months

JPMorgan strategists raised their S&P 500 forecast for the second time in two months.

International Business Times · Aug 10