Bank of America sees record profits, but warns of impact of possible interest rate cut

Bank of America sees record profits, but warns of impact of possible interest rate cut

Bank of America had a record first half of the year for profit, but warned of oncoming headwinds from lower interest rates. The bank, which has its headquarters in Charlotte, reported Wednesday that its profit was $7.3 billion in the second quarter, surpassing …
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PRECIOUS-Gold gains as dollar eases on weak US housing data

… * Silver touches four-month high of $15.86/oz. * Platinum holds steady near two-month high. * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Adds comments, updates prices). By K. Sathya Narayanan. July 17 (Reuters) – Gold rose on Wednesday as the …
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US housing market stuck in a rut despite lower mortgage rates

WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates. FILE PHOTO: Single family homes being built …
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Jeff Bezos: I spend my billions on space because we're destroying Earth

Amazon boss Jeff Bezos is the richest person in the world with a current net worth of $125 billion, according to the Bloomberg Billionaire Index. And he’s investing much of his Amazon fortune in the development of space technologies through his aerospace …
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How accountants can help crypto-mining clients

You tell the bewildered accountant that you use computers to “mine” this currency on the internet, but you'd like to know how to stay on the IRS's good
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