Economy

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.

Economy

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

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World Bank warns the global economy is barreling toward its weakest decade in 50 years

Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

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Fannie and Freddie could make hedge funds a huge payday if they go public. One expert wants a ‘utility model’ for the Fortune 500 giants

Stocks push higher despite clashes in Los Angeles and trade uncertainty

BlackRock’s Bitcoin ETF becomes fastest-ever ETF to accumulate $70 billion

Bitcoin surges to $108,000 as top US and Chinese officials meet to discuss tariffs

Klarna CEO predicts AI-driven job displacement will cause a recession

U.K. remains Europe’s top spot for finance investment, EY says

Vanishing immigration is the ‘real story’ for the economy and a bigger supply shock than tariffs, analyst says

US seeks deal in London on China rare earth flows, Hassett says

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