Leo Lukenas III, a former Green Beret who made the challenging transition to investment banking, tragically passed away in May at just 35 years old. Lukenas, who had been working 100-hour weeks at Bank of America (BofA), died from “acute coronary artery thrombus”—a fatal blood clot in the heart. His death has sparked outrage over … Read more
Dividend-paying stocks barely performed last year as rates jumped to two-decade highs and investors flocked to bonds for high yields rather than volatile stocks for similar payouts. The S&P 500 Dividend Aristocrats index increased a meagre 5.7% in 2023 compared to the S&P 500’s 26% gain. However, Bank of America (BofA) believes that dividend-paying stocks … Read more
According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more
