Warren Buffett’s Berkshire Hathaway reveals new bets on Domino’s Pizza and...
Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter.The investing legend's company made big cuts to its huge Apple and Bank of America positions.Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Thanks for signing up! Access your favorite topics in a…
Warren Buffett has sold about $10 billion of Bank of America...
Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July.Berkshire Hathaway's American Express stake is now more valuable than its Bank of America bet.Buffett cashed in about 56% of his massive Apple bet in the first half of this year. Thanks for signing up! Access your favorite topics…
Employers are increasingly tracking staff in the return-to-office world. One academic...
Bosses are taking the power back.There was a brief period during the pandemic and the years after it when hybrid work, four-day workweeks, and flexible hours gave employees more power than ever before. Between 2021 and 2022, millions of Americans quit their jobs, spurring the "Great Resignation."Now, however, the tide has changed. From stringent return-to-office…
‘Nothing is going to change.’ Why Wall Street insiders are casting...
Two of Wall Street's biggest banks are adopting new policies to mitigate overwork and burnout for their junior investment bankers. Industry insiders say it's a hopeful start to addressing long-standing issues — but they also worry the measures won't lead to significant change.The boldest change-maker so far is JPMorgan, which the Wall Street Journal reported…
JPMorgan just capped bankers’ work at 80 hours a week —...
Two Wall Street banks are cracking down on young bankers' working hours, as the industry continues to grapple with a long-standing culture of overwork.On Wednesday, The Wall Street Journal reported that JPMorgan Chase plans to limit bankers' hours and that Bank of America is using a new tool to track their time on the job.JPMorgan will cap working…
Delinquent debt is piling up. Here’s why it’s not a reason...
Consumers are falling behind on their credit card and auto loan payments, but that's actually not such a big deal for the economy, according to Bank of America CEO Brian Moynihan.Moynihan shrugged off higher consumer delinquency rates in an interview with CNBC on Wednesday. Late payments on consumer credit card loans have ticked slightly higher…
Zelle says it’s up to the police to stop scams
Scams on payment apps like Zelle are getting so out of hand that federal authorities are starting to investigate.This week, the Consumer Financial Protection Bureau launched an investigation into JP Morgan, Bank of America, and Wells Fargo — all part owners of Zelle — after Sen. Richard Blumenthal wrote a letter to the agency.The Senate's…
BofA banker whose death shook Wall Street was looking for new...
The Bank of America banker whose death this month renewed concerns about Wall Street's grueling working conditions had been looking for a new job with a better work-life balance, an executive recruiter told Reuters.Leo Lukenas III, a 35-year-old Army veteran, became an investment-banking associate at Bank of America last year, where he worked on transactions…
As high-paying jobs become harder to get, more Americans are looking...
Gig work, in particular ride-hailing for companies like Uber and Lyft, is getting more popular.Some Americans are turning to it as cost-of-living pressures persist and the job market slows.It might not be the solution for everyone in need of extra income. Thanks for signing up! Access your favorite topics in a personalized feed while you're…
Stocks’ bull run will end in a bubble or recession, says...
Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. That'll end in either a bubble or a recession, he warned. Equities have sputtered recently, with investors fretting about stubborn inflation and slow growth. Thanks for signing up! Access your favorite topics in a personalized feed while you're…