Posts filtered by tags: Bank Of America[x]


 

Facebook to soar 26% on e-commerce, advertising strength, says BofA

Facebook set to soar throughout 2021, says BofA. SOPA Images/Getty Images Bank of America maintained its price target for Facebook at $345 on Monday, implying a potential 26% climb for the social media giant. Analyst Justin Post expects the company's e-commerce strength to drive strong year-over-year quarterly revenue growth. New features like Facebook Shops and Instagram Checkout are expected to bolster results going forward. Watch Facebook trade live here. Facebook's e-commerce push and ...
Tags: Facebook, Post, America, Trends, Bank Of America, Facebook Messenger, Biden, Raymond James, Facebook Facebook, BofA, Facebook Watch, Watch Facebook, Instagram Checkout, Facebook Shops, Will Daniel, BofA SOPA Images Getty Images Bank of America


Elon Musk is planning a Fallout-themed opening party for the Boring Company's Las Vegas tunnels 'as soon as allowed'

Britta Pedersen-Pool/Getty Images The Boring Company will celebrate the launch of its Las Vegas Loop with a Fallout-themed party. The underground tunnels will eventually transport people from one side of Las Vegas' convention center to the other. Though Musk said he will wait until the event is "allowed," he has a reputation for defying COVID-19 regulations.  Visit Business Insider's homepage for more stories. The Boring Company plans to celebrate the opening of its Las Vegas tunnel proje...
Tags: Transportation, Elon Musk, News, Trends, Tesla, Bank Of America, Leonardo Dicaprio, Silicon Valley, University of Pennsylvania, Las Vegas, Nevada, Orlando Bloom, Sin City, Vegas, Musk, FREMONT


10 things you need to know before the opening bell

Spencer Platt/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. Global stocks edge higher at start of blockbuster earnings week amid stimulus optimism. Traders are set to start a big week on a positive note.2. Ray Dalio's Bridgewater lost $12.1 billion in 2020 while other big hedge funds had a bumper year. But he's still the best performing manager of all-time, according ...
Tags: Elon Musk, Trends, Tesla, Bank Of America, House, Reddit, Nancy Pelosi, Biden, Philips, Gamestop, Grantham, Bridgewater, Dallas Fed, Ray Dalio, Jeremy Grantham, Kimberly Clark Corporation


A tech exec moved his family from California to Texas and regretted it. He breaks down 10 key points to consider before relocating for work.

Hello everyone! Welcome to this weekly roundup of stories from Insider from Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for more on Silicon Valley vs Texas, the MyPillow guy, and President Joe Biden's White House staff.Read time: 4 minutes. RoschetzkyIstockPhoto/Getty Images Hello!Attention has turned to President Biden's stimulus plan following his inauguration this week. Here's the latest:Sanders says Democrats can't...
Tags: Real Estate, Texas, California, White House, US, San Francisco, Trends, Bank Of America, Joe Biden, Austin, Mtv, Peter Thiel, San Diego, Miami, Silicon Valley, Fox News


What you need to know about markets this week: Biden's spending plans, bitcoin's blues and an unloved dollar vye with the first Fed meeting and a look at US GDP

President Biden's Twitter page. He wasted no time in revealing his spending plans. Nur Photo/Getty Images Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospect of $1.9 trillion in stimulus, but bitcoin has tumbled. Investors will get a first look at 4th quarter US GDP and the Federal Reserve meets for the first time in 2021. Sign up here for our daily newsletter, 10 Things Before the Opening ...
Tags: Asia, Europe, Japan, UK, New York, Microsoft, Washington, US, Trends, Bank Of America, Bloomberg, Joe Biden, Bitcoin, Atlantic, United States, Italy


What you need to know on the markets this week: Biden's spending plans, bitcoin's blues and an unloved dollar vye with the first Fed meeting and a look at US GDP

President Biden's Twitter page. He wasted no time in revealing his spending plans. Nur Photo/Getty Images Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospect of $1.9 trillion in stimulus, but bitcoin has tumbled. Investors will get a first look at 4th quarter US GDP and the Federal Reserve meets for the first time in 2021. Sign up here for our daily newsletter, 10 Things Before the Opening ...
Tags: Asia, Europe, Japan, UK, New York, Microsoft, Washington, US, Trends, Bank Of America, Bloomberg, Joe Biden, Bitcoin, Atlantic, United States, Italy


Inside GameStop's chaotic week in the stock market, which saw Reddit day-traders revolt against a renowned short-seller and send shares spiking

Getty Images / Corbis News GameStop's stock began the week by spiking on a board-of-directors shake-up.That price action eventually exploded into an all-out battle between online day-traders and short-sellers decrying the share gains.Those short-sellers - including the renowned Citron Research - argued prices will crash soon. But Reddit traders had other ideas as they bid the stock up to levels that triggered a halt in trading.Sign up here for our daily newsletter, 10 Things Before the Ope...
Tags: Elon Musk, US, Trends, Markets, Bank Of America, Joe Biden, Reddit, Amd, Retailers, New York Stock Exchange, Hertz, Goldman, Gamestop, Blackrock, Short Sellers, Short Selling


Fraud keeps some valid recipients of unemployment benefits from receiving funds

For Dara Haenel, work has been scarce. The 34-year-old tax preparer and single mother, like millions of others statewide, saw her livelihood dry up shortly after the coronavirus pandemic hit early last year. So Haenel, a Compton resident, joined more than 8 million others in turning to the California Employment Development Department for help — enrolling, for the first time in her life for unemployment benefits. For months, Haenel received money on a debit card issued by Bank of America, the des...
Tags: News, California, Bank Of America, Sport, Soccer, Compton, California Employment Development Department, Edd, Southern California News Group, Haenel, Bank of American, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


The first Starlink user in the UK tells Insider what it's like going from zero broadband to zippy internet speeds in rural England

Elon Musk's Starlink internet service has arrived in the UK. Pascal Le Segretain/Getty; Samantha Lee/Insider The first person in the UK to reportedly receive the Starlink kit told Insider how he set it up. Philip Hall said his download speed jumped from 0.5 megabits per second to 85 Mbps with Starlink. The router's range doesn't stretch that far, but Hall said what Musk has done is "transformational." Visit Business Insider's homepage for more stories. The UK is the latest country to a...
Tags: Europe, Spacex, Elon Musk, UK, England, Microsoft, Trends, Bank Of America, Earth, Netflix, Canada, Hall, Axel Springer, Musk, Company, Ashish Sharma


California’s Unemployment Rate Edges Up Amid 52,000 Lost Jobs

SACRAMENTO, Calif. (AP/CBS13) — California’s unemployment rose nearly 1 percent in December as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state’s beleaguered Employment Development Department reported Friday. The jobless rate stands at 9% for December, the state’s first monthly rate increase since April. The leisure and hospitality sector took the biggest hit — down 117,000 jobs — with more than 80% of those in accommodations and food ...
Tags: Obama, Congress, California, California News, Bank Of America, Joe Biden, Unemployment, Gavin Newsom, Sacramento Calif, U S Department of Labor, Dee Dee Myers, Employment Development Department, Sohn, Public Policy Institute of California, Assemblywoman Lorena Gonzalez, Duane Morris


S&P 500 falls for the first time this week as US stocks edge lower

Peter Tuchman, right, works among fellow traders at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. AP Photo/Richard Drew US equities fell on Friday after closing at all-time highs and the S&P 500 fell for the first time this week.GameStop finished a chaotic week in the market after retail investors thwarted short-sellers and volatility prompted a trading halt. Watch major indexes update live here.US equities fell on Friday after closing at all-time highs, as i...
Tags: UK, US, Trends, Markets, Bank Of America, Canada, Treasury, PAC, Stocks, Janet Yellen, New York Stock Exchange, Biden, Donald Trump, Richard, Goldman, Dow Jones


US consumer spending leaps as late-December stimulus hits households, Bank of America says

Bloomberg via Getty Images/Scott Eells US credit- and debit-card spending gained in the first two weeks of January as Americans began to receive aid from the $900 billion stimulus bill. The relief package included $600 direct payments, expanded unemployment insurance, and education funding. Year-over-year spending increased the most among those earning less than $50,000 and stimulus recipients, according to the Bank of America data. Visit Business Insider's homepage for more stories. Cred...
Tags: US, Trends, Bank Of America, Bloomberg, Donald Trump, Blackrock, Rick Rieder, Ben Winck, Getty Images Scott Eells US


Biden wastes no time in unraveling Trump's pro-oil agenda

President Joe Biden delivers his inaugural address. Alex Wong/Getty Images Happy Friday, and welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider.  Here's what you need to know:Want to get Insider Energy in your inbox every Friday? Sign up here. Do you have feedback or story tips? Reach out to me at [email protected] a reminder, we have two open energy roles. You can find them here. Just like that, we have a new president. And by just like tha...
Tags: Elon Musk, Microsoft, White House, US, Trends, Tesla, Bank Of America, Joe Biden, Bill Gates, Goldman Sachs, Keystone, Biden, Interior Department, Morgan Stanley, ESG, Musk


Bank of America is paying a one-off $750 pandemic bonus to some staff earning less than $100,000. Those earning more get a stock award instead.

Brian Moynihan, the chief executive of Bank of America. Joshua Roberts/Reuters Eligible Bank of America staff earning $100,000 or less a year will get a $750 pandemic bonus, Bloomberg reported. Those earning more will get a stock award. The lender spent around $300 million providing child and adult care to its employees in 2020. Visit Business Insider's homepage for more stories. Bank of America is rewarding staff for their work during the pandemic with a one-off $750 bonus.Eligible staff ...
Tags: Lyft, Finance, US, Employment, Trends, Bank Of America, Bloomberg, Comcast, Working From Home, Airbnb, Biden, Costco, McDonald, Brian Moynihan, Bob Iger, Pandemic


California sees suspicious surge in coronavirus unemployment claims for gig workers

By ADAM BEAM | The Associated Press SACRAMENTO  — California is reporting a surge in coronavirus unemployment claims last week for independent contractors, gig workers and the self-employed — the category of benefits blamed for much of the state’s fraudulent payments. The state last week received more than 110,800 Pandemic Unemployment Assistance claims, an increase of more than 77,00 from the week before. It was so large it accounted for more than a quarter of all such claims nationally, accord...
Tags: Business, Politics, News, Congress, California, California News, Sacramento, Bank Of America, Sport, Soccer, Levy, Associated Press, Patterson, Los Angeles Times, Vern Pierson, Gavin Newsom


Warren Buffett's right-hand man flags a 'speculative frenzy' in the stock market and bemoans the lack of bargains in a new shareholder letter

Charlie Munger. Lane Hickenbottom/Reuters Warren Buffett's longtime business partner has called out a "speculative frenzy" in the stock market.Charlie Munger told Daily Journal stockholders that their shares were unlikely to rise much further.The Berkshire Hathaway vice-chairman also bemoaned the lack of bargains in the current market.Visit Business Insider's homepage for more stories.Warren Buffett's right-hand man has flagged a "speculative frenzy" in the stock market and signaled he does...
Tags: Apple, Trends, Bank Of America, Berkshire Hathaway, Warren Buffett, Goldman, Journal, Wells Fargo, Buffett, Daily Journal, Munger, Charlie Munger, Theron Mohamed, Daily Journal Corporation


Warren Buffett's right-hand man has flagged a 'speculative frenzy' in the stock market and bemoaned the lack of bargains

Charlie Munger. Lane Hickenbottom/Reuters Warren Buffett's longtime business partner has called out a "speculative frenzy" in the stock market.Charlie Munger told Daily Journal stockholders that their shares were unlikely to rise much further.The Berkshire Hathaway vice-chairman also bemoaned the lack of bargains in the current market.Visit Business Insider's homepage for more stories.Warren Buffett's right-hand man has flagged a "speculative frenzy" in the stock market and signaled he does...
Tags: Apple, Trends, Bank Of America, Berkshire Hathaway, Warren Buffett, Goldman, Journal, Wells Fargo, Buffett, Daily Journal, Munger, Charlie Munger, Theron Mohamed, Daily Journal Corporation


Amazon could soar 23% on these 5 investment drivers in 2021, BofA says

David McNew/Getty Images Amazon could surge 23% to $4,000, Bank of America said in a note on Thursday.The e-commerce retailer will be facing tough earnings comps in 2021, but multiple expansion could still drive the stock higher, according to BofA.These are the 5 investment drivers that could push Amazon higher in 2021, according to BofA.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Amazon will face tough comparable sales in 2021 after it saw a surge in business ...
Tags: Google, Amazon, Facebook, Trends, Bank Of America, Goldman Sachs, Goldman, GAAP, FANG, BofA, Winklevoss, Matthew Fox, David McNew, GETTY IMAGES Amazon, COVID, Things Before the Opening Bell Amazon


Billionaire investor Seth Klarman lambasts the Fed for distorting markets - and says Tesla's stock has surged 'seemingly beyond all reason'

Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks.The Baupost chief compared investors to "frogs in water that is slowly being heated to a boil."Klarman added that Tesla stock has surged "seemingly beyond all reason."Visit Business Insider's homepage for more stories.A billionaire investor heralded as "the next Warren Buffett" blasted the Federal Reserve and Treas...
Tags: Google, Facebook, US, Trends, Tesla, Bank Of America, Warren Buffett, Bill Ackman, Financial Times, Buffett, Fed, SPAC, Jim Rogers, Billy Beane, Seth Klarman, Klarman


US weekly jobless claims slide to 900,000 as coronavirus fallout continues into the Biden presidency

Nick Oxford/The Washington Post/Getty Images New US jobless claims for the week that ended Saturday totaled 900,000, down from the previous period's revised total of 926,000. Economists surveyed by Bloomberg expected claims to drop to 935,000. Continuing claims, which track Americans receiving unemployment benefits, fell to 5.1 million for the week that ended January 9. Filings for US unemployment benefits declined last week as America's labor-market recovery made sluggish progress amid e...
Tags: Senate, US, America, Trends, Bank Of America, Bloomberg, Joe Biden, Biden, Johns Hopkins University, Jim Rogers, Labor Department, New US, Ben Winck, Nick Oxford The Washington Post Getty Images


10 things you need to know before the opening bell

President Joe Biden speaks during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021 Patrick Semansky/Pool via AP Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. US stocks look set to hit new highs later, as earnings and Biden's "big spend" cheer investors. See what markets are doing today.2. BlackRock is getting on the bitcoin bandwagon...
Tags: Washington, US, Trends, Bank Of America, Joe Biden, Netflix, Janet Yellen, Biden, Blackrock, Rbc, Fifth Third Bancorp, U S Capitol, Winklevoss, Philly Fed, Amanda Cooper, Darren Chervitz


Google touches record highs as FANG stocks stage broad rally

Google's HQ. Marcio Jose Sanchez/AP Shares of Google jumped as much as 5% Wednesday to touch record highs. KeyBanc raised its price target for the internet search giant from $1,970 to $2,060. JPMorgan in a note on Monday recommended investors shrug off 'FANG fatigue' in 2021. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Google's parent company Alphabet jumped as much as 5% Wednesday to touch record highs while FANG stocks-which include Facebook, A...
Tags: Google, Amazon, Facebook, US, Trends, Markets, Bank Of America, Netflix, Patterson, Cnbc, Alphabet, Jpmorgan, KeyBanc, Jim Cramer, FANG, NFLX


Bitcoin is 'most crowded' trade: survey

Big-money managers say too many investors have piled into the red-hot cryptocurrency bitcoin at the start of 2021, according to a Bank of America survey conducted in January.
Tags: Finance, Bank Of America, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Fox-business/markets/currencies/bitcoin, Jonathan Garber, Fox-business/markets/economy, 0e7acccd-4efe-5b0a-8af8-79291a25ce7b


Bitcoin has now replaced tech stocks as the most crowded trade, according to a BofA fund manager survey

Bitcoin. KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images Bitcoin is the most crowded trade, according to a Bank of America fund manager survey. The cryptocurrency is dethroning tech stocks, which have held the most crowded title since 2019.Bitcoin was last labeled "most crowded" in Dec 2017 during its first major peak. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.A Bank of America fund manager survey reveals that a significant number of investors believe bitcoin is ...
Tags: US, Trends, Markets, Bank Of America, Treasury, Janet Yellen, Biden, Cryptocurrencies, BofA, Winklevoss, Bitcoin Price, Emily Graffeo, Bitcoin price today, Bitcoin Investing, Bitcoin Analysis, BTC price today


Netflix surges 15% to record high after blockbuster earnings show company added more subscribers than forecast

Netflix Netflix stock surged as much as 15% on Wednesday after fourth-quarter earnings beat forecasts.The video-streaming service added a record 37 million paid subscribers in 2020.Netflix expects to generate enough cash to end its borrowing spree and potentially fund share buybacks.Visit Business Insider's homepage for more stories.Netflix shares jumped as much as 15% on Wednesday, after the entertainment titan trumpeted its cash generation and teased stock buybacks in fourth-quarter earn...
Tags: US, Trends, Bank Of America, Netflix, New York Times, Netflix Netflix, Theron Mohamed


Bank of America Earnings Weighed Down by Low Rates

The bank’s profit declined 22% in the fourth quarter as rock-bottom interest rates pose a challenge for lenders. Still, per-share...
Tags: Bank Of America


'Shares look cheap': Here's what 4 Wall Street banks expect from Netflix's 4th-quarter earnings report

Anya Taylor-Joy stars in "The Queen's Gambit" on Netflix. Netflix Netflix is set to report fourth-quarter earnings after the market closes on Tuesday.Analysts view growing competition and recent price hikes as key hurdles for the streaming giant.Detailed below is what four analysts expect when the company reports earnings and how they expect the stock to move.Watch Netflix trade live here.Netflix is scheduled to report fourth-quarter earnings after the market closes on Tuesday, and anal...
Tags: Hbo, UK, Wall Street, India, Disney, US, America, Trends, Markets, Bank Of America, Netflix, Asia Pacific, Goldman Sachs, Biden, Morgan Stanley, Goldman


A SpaceX video game could be on the cards after Elon Musk said he 'probably won't sue' a developer using the company's name and logos in a Mars survival simulator

SpaceX's CEO Elon Musk. REUTERS/Steve Nesius Elon Musk said he "probably won't sue" if a video game developer makes a game using SpaceX assets. Lyubomir Vladimirov had tweeted Musk 154 days in a row, asking for permission to use SpaceX's name and logos. Vladimirov called the game a "Mars survival simulator," and said he will donate most of the profits to SpaceX. Visit Business Insider's homepage for more stories. A SpaceX video game could soon become a reality.Layabout Vladimirov, an i...
Tags: Space, Spacex, Elon Musk, Video Games, Los Angeles, Trends, Tech, Bank Of America, Mars, Axel Springer, Musk, Bel Air, Mars Colonization, Mathias Döpfner, Tech Insider, Vladimirov


Goldman Sachs says stocks face a growing risk of correction - but recommends investors buy any dip amid low bear-market odds

Ramin Talaie/Corbis/Getty Images Risks of a stock-market correction are growing, but investors shouldn't jump ship, Goldman Sachs said Tuesday.The bank expects tactical risks to eventually give way to a new bull market and steady gains.Investors should look through near-term volatility and buy on any correction, the bank's strategists said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The stock market's continued rebound is facing new pressures, but Goldman Sachs...
Tags: Trends, Markets, Bank Of America, GS, Economic recovery, Goldman Sachs, Biden, Stock Market, Goldman, Market Outlook, Sachs, Bear Market, Peter Oppenheimer, Market Strategy, MicroStrategy, Global Financial Crisis


Activist investor Ryan Cohen scores 400% gain on GameStop stock in under 6 months

Ryan Cohen Activist investor Ryan Cohen has notched a 400% gain on his GameStop investment.The Chewy cofounder spent $76 million for 9 million shares in the video-game retailer.Those shares are now worth over $380 million thanks to GameStop's soaring stock price.Visit Business Insider's homepage for more stories.Activist investor Ryan Cohen has scored a 400% gain on his GameStop wager in under six months.The Chewy cofounder spent about $76 million to buy 9 million shares in the video-ga...
Tags: Trends, Bank Of America, SEC, Goldman, Gamestop, Cohen, Ryan Cohen, Theron Mohamed, RC Ventures