Economy

    Brian Moynihan

    Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

    “The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.

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    September 18, 2025

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    Page 17 of 100

    Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market
    Economy

    Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market

    By
    June 21, 2025
    Canadian Prime Minister Mark Carney smiles and looks to his right as he greets U.S. President Donald Trump, who stands straight and opens his mouth.
    Finance

    Canadians snapped up U.S. debt in April despite Trump’s tariffs, but the bond selloff tanked its value

    By
    June 21, 2025
    President Donald Trump holds up his hand during a press conference in June.
    Economy

    Markets flatline amid Trump’s delay on Iran and potential Fed cuts in July

    By
    June 20, 2025
    Thousands of laid-off government workers are flooding a shrinking job market
    Economy

    Thousands of laid-off government workers are flooding a shrinking job market

    By Rachel Phua and Bloomberg
    June 20, 2025
    The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That's according to an annual report released Wednesday.
    Economy

    Social Security and Medicare are going broke—and it’s happening faster than previously thought

    By Fatima Hussein and The Associated Press
    June 19, 2025
    Speaker of the House Mike Johnson speaks at a podium with a placard reading "ONE BIG BEAUTIFUL BILL ACT." A portrait of George Washington hangs in the background.
    Finance

    Goldman Sachs says Trump’s spending plan won’t stop the national debt from hitting ‘unsustainable’ highs not seen since World War II

    By
    June 19, 2025
    Swiss watch exports slump in May as U.S. tariffs shake market
    Economy

    Swiss watch exports slump in May as U.S. tariffs shake market

    By Levin Stamm and Bloomberg
    June 19, 2025
    London seeks more Chinese listings as city battles IPO drought
    Economy

    London seeks more Chinese listings as city battles IPO drought

    By
    June 19, 2025
    Trump calls Fed chair Powell ‘stupid’ and ‘political’ after latest decision not to cut rates: ‘We have no inflation, we have only success’
    Politics

    Trump calls Fed chair Powell ‘stupid’ and ‘political’ after latest decision not to cut rates: ‘We have no inflation, we have only success’

    By Christopher Rugaber and The Associated Press
    June 19, 2025
    Steve Eisman looks to his left and holds up two fingers.
    Economy

    ‘Big Short’ investor warns the precarious tariff environment reminds him of WWI—and a trade war would send the U.S. into a recession

    By
    June 18, 2025
    Jerome Powell speaking
    Economy

    The Fed holds interest rates steady and forecasts two rate cuts for 2025

    By
    June 18, 2025
    Unless the Trump family secretly built a U.S. factory, industry experts say the $500 made-in-America smartphone is a fantasy
    Tech

    Unless the Trump family secretly built a U.S. factory, industry experts say the $500 made-in-America smartphone is a fantasy

    By
    June 18, 2025
    Participants of the G7 Finance Ministers and Central Bank Governors' Summit, including finance leaders and heads of international financial institutions, gather and prepare for the official family photo in Banff, Alberta, Canada, on May 21, 2025.
    Finance

    Central banks have dumped $48 billion in Treasuries as foreign wealth officials divorce the dollar

    By
    June 18, 2025
    Legal experts and economists sound the alarm over the EU’s sustainability rules rollback
    Economy

    Legal experts and economists sound the alarm over the EU’s sustainability rules rollback

    By
    June 18, 2025
    One kilo gold bricks in the vault of the pro aurum Goldhaus on February 19, 2013 in Munich.
    Finance

    Central banks expect to swap out more of their U.S. dollar reserves for gold as greenback’s safe-haven status weakens

    By
    June 17, 2025
    Electric cars lose appeal with new drivers, Shell survey finds
    Tech

    Electric cars lose appeal with new drivers, Shell survey finds

    By Mitchell Ferman and Bloomberg
    June 17, 2025
    A new wrinkle for executive comp at BlackRock and Goldman Sachs could become the norm across finance
    Finance

    A new wrinkle for executive comp at BlackRock and Goldman Sachs could become the norm across finance

    By
    June 17, 2025
    Steve Schwarzman stands in front of a Blackstone labeled podium in London.
    Finance

    ‘One person’s pessimism is another person’s opportunity’: Inside Blackstone’s $500 billion bet on Europe

    By
    June 17, 2025
    Investigative officials stand at the site of Air India Boeing 787 which crashed on June 13, 2025 in Ahmedabad, India.
    Finance

    Air India crash seen triggering $475 million in insurance claims

    By Saikat Das, Mihir Mishra and Bloomberg
    June 16, 2025
    Fire and smoke rise into the night sky after an Israeli attack on the Shahran oil depot.
    Middle East

    What the Iran/Israel conflict means for U.S. energy prices going forward

    By
    June 16, 2025
    Gene Seroka stands in front of the Port of Los Angeles and looks to his left.
    Economy

    Port of LA imports fell nearly 20% in May, and it may mean higher prices and fewer choices on back-to-school and Halloween items

    By
    June 16, 2025
    Economists predict Germany will return to growth this year
    Economy

    Economists predict Germany will return to growth this year

    By Mark Schroers, Harumi Ichikura and Bloomberg
    June 16, 2025
    Wilbur Ross, former U.S. commerce secretary, listens as U.S. President Donald Trump
    Economy

    Exclusive: Trump’s fixation with 90-day pauses is less about foreign governments, and more about signing deals by mid-terms, says his former commerce secretary

    By
    June 16, 2025
    Fed on hold leaves Wall Street asking what it will take to cut interest rates
    Economy

    Fed on hold leaves Wall Street asking what it will take to cut interest rates

    By Jonnelle Marte, Ye Xie and Bloomberg
    June 15, 2025
    Harvard graduates dressed in red and black robes sit during their commencement ceremony.
    Finance

    As Harvard’s and Yale’s private equity holdings go on sale, buyers can use this technique for 1,000% windfalls. ‘It makes your brain melt’

    By
    June 15, 2025
    Energy markets are poised to be the next battlefield in the spiraling Israel-Iran conflict
    Economy

    Energy markets are poised to be the next battlefield in the spiraling Israel-Iran conflict

    By
    June 14, 2025
    Oil prices jump and Dow plummets 1.8% after Israel’s attack on Iran stokes fears of wider war
    Finance

    Oil prices jump and Dow plummets 1.8% after Israel’s attack on Iran stokes fears of wider war

    By Stan Choe, David McHugh, Jiang Junzhe and The Associated Press
    June 13, 2025
    U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures
    Politics

    U.S. data quality has been declining for years. Now Trump’s cutbacks are leading economists to question its figures

    By
    June 13, 2025
    Israel’s attacks on Iran may keep Fed rate cuts on hold, just as inflation was looking better
    Economy

    Israel’s attacks on Iran may keep Fed rate cuts on hold, just as inflation was looking better

    By
    June 13, 2025
    Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel.
    Finance

    Oil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’

    By
    June 13, 2025

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