Jim and Jeff discuss the bleak forecast for this retail stock. They also talk about trimming this cybersecurity stock. Finally, they break down the moves in this chipmaker.

Monday, August 19, 2024: Cramer says this chipmaker is a long-term play

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio of uninsured deposits to total deposits.

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

TheStreet

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

Retail pharmacy chains such as Walgreens and CVS have pivoted from years of endless store expansions to shuttering hundreds of locations across the U.S. to shore up profits. Among the biggest problems has been falling reimbursement rates for prescription drugs and several factors pressuring the front of the store, such as inflation and increased competition.

Here's why Walgreens and CVS retail pharmacies are struggling — and what they're doing to fix it

Bennington, VT

Small-town residents are longing for new food options, and Chipotle's successful playbook is leading it and other other fast-casual restaurant chains, including Cava and Panda Express, to eye more stores in rural America. Covid dealt a death blow to independent diners, leaving an opening for national operators in towns where...

From Chipotle to Cava and Panda Express, more big restaurant chains are rapidly expanding into small town America

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

Teachers play a critical role in society, tasked with molding young people into the adults that shape the future. But teachers don't get paid as much as many other professionals. The median annual salary for high school teachers is $65,220, according to the Bureau of Labor Statistics. That's as compared to $130,160 per year for software developers and $145,760 per year for lawyers.

3 side hustles for teachers—one can pay as much as $100 per hour

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

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J. Souza

According to news reports, a dramatic fire engulfed a $19 million superyacht on Saturday, sending plumes of smoke billowing over the waters of the Gulf of Olbia, Sardinia. The incident, which occurred in a region often dubbed the "Billionaire's Playground," resulted in the complete loss of the 154-foot vessel.

Billionaire's Superyacht Catches Fire and Sinks: 16 People Were On Board

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Kevin Gordon, Charles Schwab senior investment strategist, and Courtney Garcia, Payne Capital Management senior wealth advisor and CNBC contributor, join 'Closing Bell' to discuss the state of the market, how it will respond to a potential rate cut, any future hurdles on the way, and more.

A Fed rate cut will be 'next big catalyst' for new-highs in markets, says Courtney Garcia

Florida State

Lake Panasoffkee, FL

Akeena

Catfish Johnny’s, a beloved seafood restaurant known for its fresh catches and lively atmosphere, faced a temporary shutdown following a state inspection. This popular dining destination, which has delighted locals and tourists alike for 33 years, was briefly closed after the Florida Department of Business and Professional Regulation (DBPR) flagged multiple violations.

Florida’s Favorite Seafood Spot Closed After State Inspection

Warren, MI

GM is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit's operations. The layoffs include roughly 600 jobs at General Motors' tech campus near Detroit. The job cuts represent about 1.3% of the company's global salaried workforce of...

GM lays off more than 1,000 salaried software and services employees

Jacksonville, FL

Jacksonville Today

A permanent marker will be erected to honor the victims of the racist mass shooting nearly a year ago at a Dollar General store in the New Town community. City Council approved the marker 17-0 on Tuesday night.

Marker will honor victims of racist Dollar General shooting

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Broadcast stations owned by Byron Allen have been consistently late in making payments to network owners, angering media allies and creating distance between Allen and his would-be deal partners, CNBC has learned. The payments to ABC, CBS and NBC total tens of millions of dollars throughout the year, and the...

Frequent media bidder Byron Allen draws ire with late payments to ABC, CBS and NBC

NewsBreak

Citi Private Bank: Bullish on Japan as the yen carry trade unwind is mostly done

Toby Gresham of Citi Private Bank sees...

Citi Private Bank: Bullish on Japan as the yen carry trade unwind is mostly done

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