• The CEO of Bank of America slams the way the White House uses the word 'recession'

    The CEO of Bank of America slams the way the White House uses the word 'recession'

    Brian Moynihan, the CEO of Bank of America, criticized the Biden administration for being so focused on whether or not the economy is in a recession.
  • Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 …
  • Bank of America’s profit slides 45 percent as it braces for defaults

    Bank of America’s profit slides 45 percent as it braces for defaults

    Bank of America chief Brian Moynihan has spent a decade preparing his megabank for the next financial crisis, but he still wasn’t fully prepared for the coronavirus pandemic. On a Tuesday morning call with reporters discussing first-quarter results, the chief executive said his $2.3 trillion bank is ready to weather the unprecedented COVID-19 outbreak, but …