Tag Archives: America

The S&P 500’s decline this year—it’s down nearly 18% since January—accelerated last week after Federal Reserve Chair Jerome Powell indicated more “pain” was ahead. Has the market hit bottom? Bank of America Research, based on its new list of 10 signals showing whether the stock market has hit bottom, says no. View this interactive chart on Fortune.com The bank came up with the list, released on Friday, after analyzing “macro and bottom-up data encompassing policy, valuation,… Source link

JPMorgan CEO Jamie Dimon, pictured in November 2021, has spoken out on the bank’s need to harness big sets of data and artificial intelligence across units like asset management.REUTERS/Brian Snyder/File Photo JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported. The call touched on various topics, including climate change and the odds of a recession. He said US natural gas production does not conflict with the reduction of greenhouse gas… Source link

In 1970, five states — Alaska, California, Hawaii, New York, and Washington — stepped to the front of that era’s abortion debate and legalized the elective version of the procedure. The Supreme Court extended those rights across the country just three years later with the landmark Roe v. Wade decision, which found the Constitution’s guarantee of privacy protects the right to an abortion. Today, economists are keenly focused on that three-year window for hints as to what might happen if… Source link

Chris Evans talks about losing 15 pounds post-Captain America and handing off mantle to Anthony Mackie. (Photo: Jesse Grant/Getty Images for Disney) Hanging up Captain America’s shield after a decade of Marvel movies was a weight off Chris Evans’s shoulders in both a figurative and literal sense. “I’ve shed like 15 pounds,” Evans tells us at a recent press event for his new Disney-Pixar animated spinoff Lightyear. “Every time people see me they’re like, ‘Are you OK? You lost a… Source link

Google will invest $1.2 billion over five years in Latin America to support digital investment and skills, CEO Sundar Pichai announced Thursday. Why it matters: The investment shows Latin America’s increasing importance as a market for digital growth. Driving the news: In a blog post, Pichai said the funding will be used for digital infrastructure, online training programs, and supporting start-ups and nonprofits. Google, which is building a subsea cable that will run from the U.S. to Argentina… Source link

Chevrolet Bolt EV The 2023 Chevrolet Bolt will be the cheapest EV you can buy in America — with a caveat. Earlier this week General Motors (GM) revealed pricing for the 2023 version of the Bolt EV. The base 1LT and better equipped 2LT models are now priced at $26,595 and $29,795 respectively, which GM says is a price cut of $5,900 per model compared to last year. The larger Bolt EUV is getting an even bigger price cut, at least nominally speaking, of $6,300. For the regular Bolt EV, that price… Source link

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 Yahoo Finance Live asked him at the World Economic Forum whether he felt like the company was missing out on the next big thing by not aggressively moving into crypto (full interview above). Moynihan — who has driven a major digital banking transformation as BofA’s CEO for the last 12 years — explained the… Source link

A baby formula shortage gripping the U.S. since March has parents in a panic over where and when they’ll be able to find the products they need to feed their kids. The out-of-stock rate, representing the amount of formula that’s not in stock compared to what’s typically available, was 43% for the week ending May 8, according to Datasembly, a provider of real-time product data for retailers and consumer packaged goods (CPG) brands. With no easy end in sight, caregivers nationwide have… Source link

NBC announced on Thursday that they’ve tapped Maria Taylor to replace Mike Tirico as host of “Football Night in America,” the pre-show that airs before “Sunday Night Football.” “Maria is the perfect choice to carry the legacy forward of anchoring the most-watched studio show in sports,” NBC Sports Executive Producer Sam Flood said in a statement. “Football Night in America” needed a new lead after Mike Tirico, NBC’s ubiquitous sports host, was moved over to SNF play-by-play. He’s taking… Source link

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 senior writer. Follow him on Twitter @ewolffmann. The chorus of those wanting a weaker labor market is getting louder and louder. After the recent job numbers were released last week, Bank of America analysts said in a note they are essentially “rooting against the home team” and hope the numbers stop… Source link