Funding & Business
Big Tech, AI to Drive S&P 500 Up Another 11%, Wells Fargo’s Harvey Says
Chris Harvey, head of equity strategy at Wells Fargo, explains why he stuck with his year-end target that sees the S&P 500 rallying past 7,000. (Source: Bloomberg)
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Kristie D’Ambrosio-Correll, Dacora Motors co-founder and CEO, says the company aims to build the best ultra-luxury electric vehicle. She tells Romaine Bostick and Katie Greifeld on “The Close” that given its volume and price range, the company is fairly insulated from tariffs. (Source: Bloomberg)
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Bank of America has promoted Jim DeMare and Dean Athanasia to co-presidents. Bloomberg’s Nina Trentmann tells Romaine Bostick and Katie Greifeld on “The Close” the move is part of a broader C-suite shakeup. (Source: Bloomberg)
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Bank of America is planning a shake-up of its senior leadership ranks in a move that narrows the slate of leaders who could one day succeed long-time CEO Brian Moynihan. The discussion involves expanding the role of Jim DeMare, who runs the firm’s trading business, along with promotions for other senior leaders, according to people with knowledge of the matter. Sridhar Natarajan has more on “Bloomberg The Close.”
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