Bringing you just the headlines

  • Bank of America says US stocks are 'on borrowed time' following the latest yield-curve inversion

    The spread between 2- and 10-year Treasury yields fell below zero, something that's preceded each of the last seven recessions. It's also a sign that US equities will peak, according to analysts at Bank of America Merrill Lynch. But when the S&P 500 will top is unclear. According to precedent, it can happen in as little as one month, or take more than a year. Watch the S&P 500 trade live on Markets Insider. The yield curve's most recent inversion is the latest signal the days of...

    markets.businessinsider.com
  • The Evangelical Lutheran Church in America has declared itself the first 'sanctuary church body'

    The Evangelical Lutheran Church in America voted Wednesday to become the nation's first "sanctuary church body," approving a measure pledging to fight the deportation and "criminalization" of illegal aliens in the United States. What are the details? According to the ELCA's press release, the Churchwide Assembly made the decision after more than 700 members conducted a march and prayer vigil on the Milwaukee Immigration and Customs Enforcement Office to protest the treatment of "migrant...

    TheBlaze
  • Bank of America's investment-banking hiring blitz continues with several more star dealmakers — including a Lazard veteran who worked on a $100 billion beer merger

    Bank of America has poached several senior dealmakers just this month as its investment-banking hiring blitz continues. The latest to join the firm is Jean Greene, a longtime Lazard banker who worked on a $100 billion brewery merger.  The bank has made more than two dozen senior hires amid a substantial turnaround in fortunes from a disappointing 2018.  Click here for more BI Prime stories. Bank of America's efforts to rejuvenate its dealmaking operations and snatch back market share continue...

    Business Insider