TheStreet

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

Cathie Wood buys $59 million of pummeled tech stocks

Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3%...

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

Goldman Sachs, like JP Morgan and Morgan Stanley, now provides its clients with exposure to digital assets. Goldman Sachs (GS) is among the banking giants with certain exposure for its clients in a diverse range of Bitcoin (BTC) exchange-traded funds (ETFs). According to the quarterly report, the investment bank holds...

Goldman Sachs Currently Manages $419M in Bitcoin ETFs

Major indexes were sharply higher Tuesday afternoon as inflation data came in better than expected, reinforcing expectations that the Federal Reserve will start cutting interest rates soon. Tech stocks, which have been on a volatile ride lately, were leading the move higher. The S&P 500 and Nasdaq Composite were up...

Dow Jones Today: Major Indexes Up Sharply After Inflation Data; Tech Stocks Jump

Goldman Sachs made its debut in the spot bitcoin ETF market in the second quarter, purchasing $418 million worth of bitcoin funds. Wednesday's 13F quarterly filing deadline offers the latest read on the equity positions taken by large investors. Ether ETFs just hit the market last month, so those inflows...

Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Ohio State

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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

Colorado State

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

 Warren Buffett is betting big on this beauty brand. Warren Buffett’s Berkshire Hathaway halved its stake in Apple in the second quarter, a selloff that could cost the Omaha-based conglomerate more than what Coca-Cola brings in in a year. Suggested Reading. The average price of Apple stock that...

Warren Buffett's Apple stock selloff will cost $15 billion in taxes — more than what Coca-Cola makes in a year

Core inflation — less food and energy — remains slightly higher than the all items index. Marking the first month of sub-3% inflation since March 2021, the headline CPI in July was 2.9%, matching the expectations of most market watchers. Over the 12 months ending July, the all items index increased 0.2% after declining 0.1% in June’s cooler-than-expected reading, today’s release from the Bureau of Labor Statistics shows.

Inflation Slows To 2.9% In July

Wyoming State

WyoFile

Two Sweetwater County lawmakers seeking re-election filed a defamation suit Thursday against a political action committee affiliated with the hard-line Wyoming Freedom Caucus over mailers that attack them over a vote they say never happened.

Lawmakers sue Wyoming Freedom PAC over Trump-ballot mailers

South Carolina State

Georgia State

Charlotte, NC

Daily Coffee Press

Here we (could) go again.. After making a second landfall in South Carolina, Debby weakened to a tropical storm and now located close to Charlotte, North Carolina. Despite the downgrade, the storm remains a threat, bringing heavy rainfall and tornado watches across North Carolina. Tragically, Debby has claimed six lives, including two in Georgia. Although Debby will soon lose its tropical characteristics, the risk of flooding and tornadoes persists as it moves into other states.

NHC Monitors Potential New Storm That Could Threaten Georgia

Total Apex Sports & Entertainment

Happy Friday! For today's daily horoscope, the Moon is in disciplined Capricorn, while the Sun shines brightly in Leo. What an interesting combination this is, right? What this means for the zodiac signs may vary as this combination of energies brings a unique blend of ambition and creativity to the mix of your day. The Capricorn Moon encourages us to focus on our goals. We will need to work hard and be practical in the way we approach things.

Definitive and Accurate Daily Horoscope | August 16, 2024

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Kentucky State

Northern Kentucky Tribune

Major changes to how real estate transactions are conducted are set to take affect this month that will effect how both sellers, and buyers, compensate their agents. On March 15, the National Association of Realtors (NAR) settled a lawsuit brought by home sellers regarding how broker commissions were handled. As a result of that settlement, the NAR will remove agent compensation amounts from Multiple Listing Services, provide detailed compensation information to buyers and sellers and attain a written agreement outlining that compensation structure.

Broker commissions on real estate transactions will look a lot different starting August 17

Here's what may happen to interest rates in 2025 and 2026.

Morgan Stanley analysts reveal Fed interest rate outlook

CBS DFW

A highly-dreaded U.S. recession is no longer in the works, according to Bank of America CEO Brian Moynihan. The nation's second-largest bank is not predicting an economic downturn "anymore," Moynihan told CBS' Margaret Brennan on "Face the Nation" Sunday. "Last year, this time, it was a recession," he stated. "This year we talked about now there's no recession."BofA's latest prediction suggests the Federal Reserve's efforts at taming inflation while keeping the U.S. economy afloat are working. Consumer spending has softened, Moynihan said, citing the lender's vantage point of having a customer base of 60 million. People in July and August spent at...

Bank of America no longer forecasts a U.S. recession in 2024

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Reuters

LONDON (Reuters) -Investors increased their allocations to cash and reduced their overweight position in stocks in August, as expectations for global growth dropped to their lowest in eight months, a BofA survey of fund mangers published Tuesday showed.

Investors reduced allocations to stocks, moved to cash in August, BofA survey shows

Louisiana State

Natrona County, WY

Houma, LA

A worker died Aug. 5 when the crane he was operating toppled at a wind farm construction site in remote Natrona County, state and local officials say. The victim, John William Hoffpauir, Jr., 55, of Houma, Louisiana, was working as a crane operator at the Cedar Springs wind energy construction site north of Casper and Glenrock under the control of Blattner Energy at the time of the accident. Hoffpauir was a Blattner Energy employee, a spokesperson for the company told WyoFile.

Worker killed in accident on wind energy construction site in Natrona County

NewsBreak

Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, the report said. U.S. miners' share of...

Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

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