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Bank of America Customer Opens Mobile App and Finds an Extra $2.45 Billion

(Bloomberg) — Days after Citigroup Inc. made headlines for accidentally sending $900 million to a group of lenders, a Bank of America Corp. customer in Massachusetts opened his account to find an even bigger cash infusion: $2.45 billion.But the money was never really there.“This was a display error and nothing more than that,” Bank of America spokesman Bill Halldin said. “It’s been corrected.”The customer, psychiatrist Blaise Aguirre, said he initially figured Bank of America would discover the error itself. When that didn’t happen, he reached out to his relationship manager to inquire about the mysterious money showing up on both …read more […]

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Coronavirus Latest: Friday, August 21

On Friday, news released that the HHS would reverse its policy and have the hospitals send all their coronavirus data to the CDC instead of the White House. This comes as Pfizer and BioNTech released positive phase 1 vaccine data. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

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Trump Team Reassures Apple, Other Firms on Using WeChat in China

(Bloomberg) — The Trump administration is privately seeking to reassure U.S. companies including Apple Inc. that they can still do business with the WeChat messaging app in China, according to several people familiar with the matter, two weeks after President Donald Trump ordered a U.S. ban on the Chinese-owned service.In recent days, senior administration officials have been reaching out to some companies, realizing that the impact of an all-out ban on the popular app, owned by China’s Tencent Holdings Ltd., could be devastating for U.S. technology, retail, gaming, telecommunications and other industries, people familiar with the discussions said.Apple is one …read more […]

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Benefits of Blue Chip Stocks for Your Portfolio

The benefits of blue chip stocks include the size, durability and stability of the underlying companies. Generally, blue chip stocks are the largest, most well-known and established stocks on the market.
As a result, people tend to trust blue chip stocks to bounce back after a bear market or economic downturn, based on the long-standing reputation of these companies.
But what are the benefits of blue chip stocks? Why should you invest in them? Should you invest in them at all? Read on – that’s what we’re discussing today.

Why Are They Called “Blue Chip” Stocks?
The benefits of blue chip stocks come from …read more […]

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These 3 Gold Stocks Are Poised to Benefit From the Gold Rush, Say Analysts

If you are looking to get in on the gold bull market, you can either buy gold bars or gold mining stocks. Warren Buffett prefers gold stocks because “bullion produces no income,” as opposed to investing in gold mining stocks that may provide corporate profits.Gold recently soared to a new all-time high of $2,063 per ounce. According to investment firm Berenberg, the increase was driven by investors looking for safe haven investments following the extraordinary fiscal and monetary actions taken to address the financial impacts of the COVID-19 pandemic. Berenberg is of the opinion that as long as US real …read more […]

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Coronavirus update: CDC chief backs school reopenings; Pfizer lifts curtain on vaccine data

Centers for Disease Control Director Robert Redfield on Friday forcefully advocated the reopening of U.S. schools, even as colleges and universities around the country have been forced to shut their doors prematurely ahead of the fall session, in order to contain a rise in COVID-19 infections. The centers followed strict guidelines and tested kids and adults daily or regularly. …read more […]