Columbus, OH

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively setting aside billions of dollars in emergency provisions.

JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty

When stocks have been this expensive in the past, painful downturns have reliably followed, Jeremy Grantham said.

Elite investor Jeremy Grantham warns stocks are poised to crash — and a recession seems inevitable

Chris Verrone, Strategas head of technical and macro research, joins 'Closing Bell' to discuss tracking trends in equities and the broader markets.

The Fed should be forceful next FOMC meeting, says Strategas' Chris Verrone

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

The artificial intelligence (AI) boom is well underway, and there may be no company that's benefited from it more than Nvidia (NASDAQ: NVDA). For years, the company's semiconductors have been a top choice among leading tech companies for AI processing, and now, it's paying off for Nvidia's stock. The company's...

Where Will Nvidia Stock Be in 1 Year?

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

Fox Business

Melinda French Gates recently said Berkshire Hathaway CEO Warren Buffett’s latest plan for what will happen to his massive fortune after his death did not come as a shock to her.

Melinda French Gates says Warren Buffett's latest will 'did not surprise me'

New York City, NY

Wealthy businessman Timothy Mellon and former New York Mayor Michael Bloomberg wrote huge, eight-figure checks in July to support major Republican and Democratic super PACs, respectively, gearing up for the 2024 election. Mellon, who donated $50 million in May to Make America Great Again Inc., the super PAC that supports...

Billionaires Timothy Mellon and Mike Bloomberg inject massive sums into 2024 super PACs

Dallas, TX

A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers' rivals or launch competing businesses. U.S. District Judge Ada Brown in Dallas said the FTC, which enforces federal antitrust laws,...

Judge strikes down Biden administration ban on worker 'noncompete' agreements

Kansas State

Elkhart, KS

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million. Shan Hanes, pronounced Shane, sent the funds from Heartland Tri-State Bank to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal prosecutors said.

Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

Walt Disney Co.'s latest film, "Deadpool & Wolverine," has made box office records, but not in China, the largest film market after the U.S. Factors such as geopolitics, advancements in China's domestic film market, and government regulators have led to American blockbusters losing appeal in the country. In parallel, film...

Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions

CNBC's Deirdre Bosa reports on the latest news from Shein and Temu.

Shein sues Temu over copyright issues

Arizona State

Three Republicans took the Democratic National Convention stage to rebuke their party's leader and urge Republicans to support Vice President Kamala Harris in the 2024 presidential election. One of the Republican speakers was former Trump White House press secretary Stephanie Grisham, who in her speech said Trump has "has no...

'No empathy, no morals': Three-time MAGA voter, former Trump aide, Arizona mayor on why they back Harris

As of June, hedge fund portfolios reported strong gains at two public pension plans that have long been allocated to a variety of hedge fund strategies. Recently, hedge fund firms including PineBridge Investments to Capula Investment Management have seen new commitments from allocators returning to hedging strategies as part of the more liquid segment of […]

Pension funds report hedge fund gains

Virginia State

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. Meghan Markle's venture into the lifestyle space has not been met with universal acclaim, particularly from one well-known figure: Martha Stewart. Earlier this year, in March, Meghan unveiled her new lifestyle brand, American Riviera Orchard. The brand immediately drew comparisons to other celebrity wellness empires, particularly that of culinary icon Martha Stewart. However, these comparisons have reportedly struck a nerve with Stewart, who finds them both "irritating and insulting."

Meghan Markle 'Insulted' Martha Stewart as She 'Won't Hesitate to Take Her Down

Cathie Wood believes Bitcoin can reach as high as $3.8 million by 2030. This is unlikely and relies on some pie-in-the-sky reasoning. Bitcoin is likely to offer major returns nonetheless. That might seem like it's too good to be true, and it probably is. Ark Invest's Cathie Wood has made...

1 Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Invest

24/7 Wall St.

At the time of writing, Alphabet (NASDAQ:GOOG) is the world’s fourth-largest company by market cap behind Nvidia. Of course, this could change by tomorrow, given the disparities between these companies aren’t as wide as they once were. And there are certainly many analysts who think that’s entirely possible, given Alphabet’s core business and growth prospects.  The […]
The post These Analysts Think Alphabet Could Be the Mega-Cap Tech Stock to Own appeared first on 24/7 Wall St..

These Analysts Think Alphabet Could Be the Mega-Cap Tech Stock to Own

NewsBreak

It's premature to start trading around post-election probabilities, says Charles Schwab's Liz Ann Sonders

Liz Ann Sonders, Charles Schwab chief investment...

It's premature to start trading around post-election probabilities, says Charles Schwab's Liz Ann Sonders

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