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Bank of America

Elon Musk’s Purchase Of Twitter Declared ‘The Worst Buyout For Banks Since The Financial Crisis’

by Horatio Thompson
Elon Musk’s Purchase Of Twitter Declared ‘The Worst Buyout For Banks Since The Financial Crisis’

It’s no secret that Jalopnik isn’t exactly Elon Musk’s biggest fan. Sure, he’s responsible for the most important car of the 21st century, and SpaceX does some neat stuff when …

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Opinion | China’s overheated government bond market is the least of its worries

by Anas Siddiqui
Opinion | China’s overheated government bond market is the least of its worries

Who said China’s financial markets were in turmoil? Since January last year, the yield on the country’s benchmark 10-year government bond – which moves inversely to prices – has fallen …

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U.S economy is not heading for a recession, says Bank of America CEO

by Ron Morgan
U.S economy is not heading for a recession, says Bank of America CEO

Despite last week’s meltdown in the US stock market and an increase of 4.3% in unemployment, CEO of Bank of America, Brian Moynihan, has said that he has not seen …

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Gen Z are buying less, reusing more thanks to TikTok viral trend ‘underconsumption core’

by David Johnson
Gen Z are buying less, reusing more thanks to TikTok viral trend ‘underconsumption core’

Known as “underconsumption core”, it spotlights living sustainably and using what you have, a reversal of the excess and wealth that dominates ad-heavy Instagram and TikTok. Shoppers emptying shelves of …

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China may miss booming global market for high-bandwidth memory chips, BofA analyst says

by Anas Siddiqui
China may miss booming global market for high-bandwidth memory chips, BofA analyst says

“Memory chips are experiencing a significant impact from the rise of AI, with the main driver currently being the demand for HBM in data centres, but not yet from smartphones,” …

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Younger Investors Are Putting More Toward Alternative Assets Like Art

by Haddis Thomas
Younger Investors Are Putting More Toward Alternative Assets Like Art

Young collectors at Art Basel Miami Beach in 2023. Courtesy Art Basel Much has changed since Bank of America (BAC) released its last Private Bank Study of Wealthy Americans report …

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JPMorgan: Capital seekers must pitch their commitment to ESG, UN sustainability goals

by Anas Siddiqui
JPMorgan: Capital seekers must pitch their commitment to ESG, UN sustainability goals

Investors are eager to pour funds into achieving the United Nations’ sustainable development goals (SDGs) in emerging markets, but companies and government institutions are leaving money on the table because …

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Chinese internet giant Baidu to provide map service for Tesla EVs, as US carmaker eyes mainland launch of self-driving system

by Anas Siddiqui
Chinese internet giant Baidu to provide map service for Tesla EVs, as US carmaker eyes mainland launch of self-driving system

Version 20 of Baidu Maps, a desktop and mobile web-mapping application released in April, will soon be available on Tesla’s EVs, the Beijing-based artificial intelligence (AI) champion said in a …

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Opinion | 4 reasons investors are optimistic despite threats to global economy

by Anas Siddiqui
Opinion | 4 reasons investors are optimistic despite threats to global economy

Yet despite all these risks and vulnerabilities, a sense of optimism permeates markets. While it is often hard to disentangle complacency from bullishness, sentiment has not been this upbeat since …

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Observer Arts Interviews Mary Rozell of the UBS Art Collection

by Haddis Thomas
Observer Arts Interviews Mary Rozell of the UBS Art Collection

Mary Rozell has overseen UBS’s massive art collection for nearly a decade. Photo: Flavio Karrer Like any art world expert overseeing a prominent collection, Mary Rozell is always on the …

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