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In an alert to clients this week Bank of America strategists warned in blunt language: "'Inflation shock' worsening, 'rates shock' just beginning, 'recession shock' coming." Why it matters: The ultra-tight job market and high inflation are two sides of the same coin, Axios chief economic correspondent Neil Irwin notes. The super tight-job market is fueling higher wages and strong demand — which is why the Fed is going to have to move more aggressively than it has in decades to try to quash inflation. Driving the news: The recession calls are about what might happen later this year or in...

Three of the nation’s biggest banks are asking shareholders to reject racial-equity resolutions after they expressed solidarity with the Black Lives Matter movement last year. Citigroup Inc. C, 3.22%, Wells Fargo & Co. WFC, 3.83% and Bank of America Corp. BAC, 4.87% were among the many large U.S. companies to make public statements of support in response to widespread protests last summer after the police killings of George Floyd and Breonna Taylor. In recent days, they have all officially opposed shareholder groups’ calls for them to conduct and publicize racial-equity audits and other changes, saying they are already doing enough...

When we first got cameras on our smartphones or signed up for social media, none of us realized that they would come to control our lives. In our technological age, we’ve all participated in creating our surveillance state, whether as enforcers or self-censoring victims. Thanks to the technology in our smartphones, each one of us has the capability to contribute, and many on the left seem to revel in the power. The rest of us must weigh every action we take, every word we say. If we say or do the “wrong” thing, we may no longer have the right...

Tucker: Bank of America secretly turned over customer data to FBI Tucker Carlson Tonight' host warns anyone can be considered a 'domestic extremist'

Rarely in the history of the cybersecurity industry has a company become so toxic so quickly as HBGary Federal. Over the last week, many of the firm’s closest partners and largest clients have cut ties with the Sacramento startup. And now it’s cancelled all public appearances by its executives at the industry’s biggest conference in the hopes of ducking a scandal that seems to grow daily as more of its questionable practices come to light. Last week, the hacker group Anonymous released more than 40,000 of HBGary Federal’s emails, followed by another 27,000 from its sister company, HBGary, over the...

The site DownDetector is reporting major outages for Bank of America.

DES MOINES, Iowa — Former Secretary of State John Kerry — one of Joe Biden's highest-profile endorsers — was overheard Sunday on the phone at a Des Moines hotel explaining what he would have to do to enter the presidential race amid "the possibility of Bernie Sanders taking down the Democratic Party — down whole." Sitting in the lobby restaurant of the Renaissance Savery hotel, Kerry was overheard by an NBC News analyst saying "maybe I'm f---ing deluding myself here" and explaining that in order to run, he'd have to step down from the board of Bank of America and...

If you were president of the United States, would you hire an alleged former spy for Fidel Castro to be ambassador to El Salvador, a country teetering on the brink of hard-core socialism? President Obama just did. On Dec. 9, Obama nominated Mari Del Carmen Aponte to be ambassador to El Salvador, despite the fact that in the late 1990s, the FBI discovered that she was working with Cuban intelligence officers. According to Insight Magazine, "When the FBI eventually questioned her about her involvement with Cuban intelligence, she reportedly refused to cooperate." Why would Aponte escape the Obama administration's scrutiny?...

President Trump was happy as heck at the news that Michael Pack, his choice for new director at the Voice of America, finally got confirmed by the Senate. It came as a sort of miracle, given the hideous protracted battle from deep state's Obama holdovers desperate to keep him out. It even involved a last-ditch Kavanaugh-style underhanded bid to smear him as corrupt in order to delay his confirmation battle to eternity. It failed. And now what's probably the last solid Obama bastion of government has been toppled like a Saddam statue. *snip* (Tweet images at source) But if you...

During the August 18, 2018, airing of Breitbart News Saturday, Louisiana Attorney General Jeff Landry explained that he chose, in part, to withhold $600 million from Citigroup and Bank of America because they are “trying to become the social police.” On August 16, 2018, Breitbart News reported Landry’s decision to withhold the $600 million, a decision shared by the Louisiana Bond Commission and State Treasurer John Schroder. The decision to withhold the money came after Citigroup and Bank of America each unilaterally placed gun control demands on their customers, going so far as to stipulate that bank-sponsored gun regulations had...

Bank of America will join half a dozen other banks in providing a lending package to Remington Outdoor Company as the gun maker prepares to emerge from bankruptcy proceedings. Although the bank announced last month that it would stop financing companies that make military-style guns for civilian use, the deal was made beforehand, Reuters reported. BoA is contributing $43.2 million to a $193 million lending package funded by seven banks. The loan will help put Remington back on a stable footing as it re-enters an uncertain environment for gun makers. BoA chairwoman Anne Finucane said in April that the bank...

Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians. The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers. The package replaces a similar credit facility the banks committed to providing Remington. Both were agreed in late March, before Bank of America,...

2A before BoA I have stopped doing business with Bank of America over their anti-Second Amendment policies.

Rep. Todd Rokita (R-IN) is pushing to end Citibank’s federal contract after the bank adopted new gun policies. Citibank currently enjoys a $700 billion contract with the General Services Administration (GSA), and Rokita is seeking to have that contract terminated. Rokita sent a letter to GSA administrator Emily W. Murphy, in which he pointed to Citibank’s new policy mandating that financial customers in the firearms sector refuse to sell “high capacity” magazines and bump stocks, and also refuse to sell long guns to any one under 21, although federal law allows sales to customers age 18 and up. Citibank’s policy...

A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services. Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies. “Our friends at Citigroup and Bank of America apparently aren’t busy enough with their banking business; they have decided that they are going to set policy for the second amendment,” the Louisiana lawmaker said, referring to the component of...

A vice chairwoman at Bank of America said Tuesday that the financial services giant will no longer lend money to manufacturers of "military-style firearms." "We want to contribute in any way we can to reduce these mass shootings," Anne Finucane said on Bloomberg TV. "We do have a few manufacturers of military-style firearms. We're in discussions with them. We have let them know that we are going to—it's not our intent to underwrite or finance military-style firearms on a go-forward basis." When asked whether Bank of America will take the same actions with retailers who sell such weapons, Finucane said...

WASHINGTON -- The Securities and Exchange Commission tapped Goldman Sachs Group Inc. executive Adam Storch on Friday to serve as the agency's first-ever chief operating officer of the enforcement division. The new hire represents the latest personnel change at the SEC in its effort to improve its operations following its failure to detect Bernard Madoff's massive Ponzi scheme. Enforcement Division Director Robert Khuzami created Mr. Storch's position of managing executive as part of the major re-structuring effort he announced earlier this year. Mr. Storch will oversee division operations that include budget, information technology and administrative services. He will also supervise...

Bank of America has joined the parade of American companies celebrating tax cuts by giving its employees a special year-end bonus. Brian Moynihan, the bank’s chief executive, sent an email to employees citing the benefits to the company from the lower corporate tax rate. “In the spirit of shared success, we intend to pass some of those benefits along immediately. U.S. employees making up to $150,000 per year in total compensation–around 145,000 teammates–will receive a one-time bonus of $1,000 by year-end,” Moynihan wrote. The bank also said that it expected to invest more in technology and in cities around the...

Published August 10, 2017 Fox News NOW PLAYING State Department: Our position on North Korea hasn't changed Close “Only in Florida.” That is what a Florida man said after he found a 6-foot-long boa constrictor that had been living unnoticed in his attic. Bob van der Herchen told FOX13 that he saw a portion of the snake in the ceiling. "I see it," van der Herchen said. "And I could only see about this much of it," he said while using his hands to make a small circle.

Several Hollywood celebrities have called for a boycott of Delta Air Lines and Bank of America after the two companies announced Sunday they would no longer sponsor the New York City Public Theater over a controversial staging of Julius Caesar in which a Trump look-alike is brutally murdered on stage. In separate statements Sunday, Delta and Bank of America said they would no longer sponsor this summer’s Free Shakespeare in the Park series over the Oskar Eustis-directed production of Julius Caesar, which opened in previews last month and is set to open for a limited run Monday in Central Park’s...