Democratic candidates take the stage together for the first time as they jockey for position in the race to take on President Trump in 2020.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
The bank said Wednesday in a release that it hiked its minimum wage to $17 an hour starting May 1, and that move is reflected in workers' paychecks this week. The hourly rate will continue to increase until it hits $20 an hour over the next two years, the bank added.
"We have raised our minimum wage because we believe that to best serve our customers and clients, we need the best teams," Sheri Bronstein, Bank of America's chief human resources officer, said in the release.
Moynihan made headlines last month when he declared that he was moving Bank of America to a $20 minimum hourly wage, which appears to be the highest among the biggest U.S. banks. In early 2018, rival bank J.P. Morgan Chase said it was raising hourly minimum wages for employees in branches and customer service centers to as high as $18.
The move is the latest sign that wage inflation is finally making its way to some of America's lowest-paid workers. According to a 2013 report from the Committee for Better Banks, about one-third of bank tellers were on some form of public assistance, from Medicaid to food stamps. Since that report, lenders like Charlotte, North Carolina-based Bank of America have repeatedly hiked pay for their entry-level workers.
Bank of America is the second-biggest U.S. lender by assets, after J.P. Morgan, and employs 205,000 people.