America

Top bank CEOs decline radical climate demands from Rep. Tlaib: ‘That would be the road to Hell for America’

Rep. Rashida Tlaib clashed with top bankers after they rejected her demand to cut off all financing to fossil fuel projects immediately. J.P. Morgan CEO Jamie Dimon told her that would be “the road to hell for America.” Leaders in the banking industry clashed with Rep. Rashida Tlaib, D-Mich., Wednesday after Tlaib demanded that they …

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Bank of America sees ‘no real signs of a bull market,’ calls for S&P 500 to fall to 3,600

The market is still not out of the woods despite the recent comeback, according Bank of America. “Optimism around a soft landing and 1H23 rate cuts has diminished following Jackson Hole, and there are still no real signs of a new bull market yet,” Savita Subramanian, Bank of America’s head of U.S. equity and quantitative strategy, …

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Bank of America Launches Zero-Down Mortgages for Black, Latino Customers – NBC 5 Dallas-Fort Worth

For first-time homebuyers, waiting for the opportune time to jump into the market is critical. A new mortgage program aims to close the ownership gap for minority homebuyers while bolstering historically Black and Latino communities. The decision to buy a home for the first time is huge. Executing that decision can be daunting. “It is …

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The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the West

The Case-Shiller index, which lags reality on the ground by 4-6 months, is starting to pick up the price drops in Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland.   By Wolf Richter for WOLF STREET. The housing market is going through some navel gazing, as many buyers evaporated at current prices and mortgage rates. They’re …

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‘Why can’t we get it through our thick skulls?’ America boosting oil and gas production is ‘not against’ climate change

JPMorgan CEO Jamie Dimon, pictured in November 2021, has spoken out on the bank’s need to harness big sets of data and artificial intelligence across units like asset management.REUTERS/Brian Snyder/File PhotoJPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported.The call touched on various topics, including climate change and the …

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One America News gets dumped by Verizon, the only major carrier it had left

Verizon Fios is the latest provider to drop One American News (OAN) network, a move that leaves the right-wing news channel without a major carrier, as reported earlier by The Daily Beast. In a notice on its website, Verizon explains viewers will no longer have access to OAN starting July 31st. “Our negotiation with OAN …

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Bank of America slapped with $225 million fine by federal regulators

Check out what’s clicking on FoxBusiness.com. Federal regulators have hit Bank of America with a $225 million fine for what they allege were shortcomings in how the bank handled jobless benefits during the COVID-19 pandemic.  The Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) accused Bank of America …

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