Bank of America – Page 3 – One America News Network

WASHINGTON - OCTOBER 05: (AFP-OUT) Warren Buffett, Chairman & CEO of Berkshire Hathaway, listens to U.S. President Barack Obama address the 2010 Fortune Most Powerful Women Summit, on October 5, 2010 in Washington, D.C. Obama honored accomplished women from around the world. (Photo by Leslie E. Kossoff-Pool/Getty Images)

Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America Shares

Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.

Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. REUTERS/Lucy Nicholson/File Photo

Warren Buffett offloads Bank of America shares worth $982 million in latest sale

Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million.

The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File Photo

Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.

A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly

US consumers could become discouraged without rate cuts, Bank of America CEO says

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.

Bank Of America, Wells Fargo And JPMorgan Investigated On Zelle Customer Funds, Scams

According to a Wall Street Journal piece published on Wednesday, the Consumer Financial Protection Bureau is probing how big U.S. banks have been managing their customers’ money on the peer-to-peer payments network Zelle.

NEW YORK, NEW YORK - AUGUST 05: Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2024, in New York City. The Dow fell over 1000 points in morning trading as global stocks plunged following fears of a recession in the American and Japanese economies. (Photo by Spencer Platt/Getty Images)

Wall Street Disaster: Dow, Nasdaq Nosedive As Recession Fears Cause Global Sell-Off

Wall Street’s main indexes plummeted on Monday, as fears are continuing to grow that the United States is going into a recession following last week’s economic numbers ripping through global markets.