Tag Archives: Bank

Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year 2021 turned out to be a great year for many 5G stocks. But according to Bank of America, 2022 could be even better. “This is the year 5G comes alive,” says the bank’s Global Research team. Bank of America points out that wireless carriers like Verizon, AT&T and T-Mobile plan to spend tens of billions of dollars on 5G deployment in the… Source link

Consumer prices in December rose the most year-over-year since 1982, feeding into the Federal Reserve’s guidance that it may need to raise interest rates three times this year to combat inflation. But one economist says the last year has taught an important lesson: forecasters have to stay humble, and nimble. That means there’s no guarantee that three hikes will be necessary. “I think there’s some downside risk for the economy, and, therefore, three hikes are not necessarily in the… Source link

Retail investors haven’t lost confidence in the bull market in stocks (yet) despite a tough start to the year, according to new data from Bank of America’s strategy team of Savita Subramanian and Jill Carey Hall. “BofA Securities clients were small net buyers of U.S. equities the first week of 2022 ($0.5 billion), during which the S&P 500 fell 1.9%. Clients bought both ETFs and stocks. Retail and hedge funds clients led the buying last week while institutional clients began the year with… Source link

When the Fed begins its long-awaited bond-tapering program as it seeks to tame red-hot inflation, the clock starts ticking on when the U.S. might see another recession.  Or so says strategists at Deutsche Bank.  The investment bank predicts the Federal Reserve will accelerate the purchase of its bond purchases in 2022 (and then quickly), opening the door for the first interest rate hike of this economic cycle as early as March.  With that first hike and the end of the tapering program —… Source link

Markets should be wary of high inflation and the potential spread of new COVID variants in 2022, a new Bank of America (BAC) report warns. “Future COVID waves are the biggest downside risk,” the report noted. “On the upside, the supply-side wakes up to meet the gains in demand.” Authored by several Bank of America Global Research economists, the report mainly focuses on the various threats to the global economy in 2022 and beyond. Among these economic risks are high inflation rates, the… Source link

Researchers said they’ve discovered a batch of apps downloaded from Google Play more than 300,000 times before the apps were revealed to be banking trojans that surreptitiously siphoned user passwords and two-factor authentication codes, logged keystrokes, and took screenshots. The apps—posing as QR scanners, PDF scanners, and cryptocurrency wallets—belonged to four separate Android malware families that were… Source link

(Bloomberg) — Soros Fund Management increased its bets on real estate and financial stocks during the last quarter, while the value of its U.S. equity portfolio dipped to less than $5 billion. Most Read from Bloomberg George Soros’s investment firm disclosed new positions in Hill-Rom Holdings Inc., MGM Growth Properties LLC, JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to a regulatory filing Friday. The New York-based firm increased stakes in IHS Markit Ltd. and homebuilder… Source link

If you haven’t checked your bank statements closely lately, you should do it now. Unauthorized Google charges are appearing on Chase Visa statements. And while there are different accounts, all charges are for the same odd amount, $13.01. Beth emailed that her account had three of those charges all saying Google. “My card has been linked to Google Chrome and Google Play,” she says. But none of those charges were authorized. Not all of the cards affected were even attached to Google accounts. And… Source link

We recently learned that Alphabet‘s (NASDAQ:GOOGL)(NASDAQ:GOOG) Google is abandoning plans to create its own bank accounts, and Industry Focus host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what investors need to know. Also, despite rising wages and lower interest rates, home affordability in the U.S. is at its worst level since the financial crisis. And finally, Matt discusses why SoFi (NASDAQ:SOFI) is the stock he’s most… Source link

Google Pay Omar Marques | LightRocket | Getty Images Google is scrapping its plans to offer banking services directly to users. The shift comes nearly two years after the company first announced its banking plans and several months after a key executive leading the project departed. In 2020, Google said it would let users open a bank account through its Google Pay app, in a partnership with Citigroup and Stanford Federal Credit Union beginning in 2021. At the time, Google said it would offer a… Source link