According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

TheStreet

Here's what could happen to Amazon shares next.

Analysts rethink Amazon stock price targets after earnings

New York Post

Nearing the end of a wild week for the stock market, one U.S. economist cautioned this may be just the beginning of a “reckoning.”

“There’s a lot of pain ahead of us, both for the economy and this reckoning for the markets that have been really behind the curve, like the Fed,” Macromavens President Stephanie Pomboy said Thursday on “Mornings with Maria.”

“People view the likelihood that inflation will outstrip their income as higher today than they did when the unemployment rate was 10% at the depths of the global financial crisis,” she added. “So wait till the employment shoe drops.”

Montauk restaurants...

Economist signals a ‘reckoning’ looming over markets: ‘Pain ahead’

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

Consumers are just not buzzing about energy drinks at the moment. Popular energy drink maker Monster Beverage missed sales expectations for the second quarter. On Wednesday, Monster reported net sales of $1.90 billion, lower than the expected $2.01 billion analysts predicted. For the three months that ended on June 30, the company reported a profit of 41 cents per share versus a 45 cents per share projection. However, recent net sales beat revenues of $1.85 billion for the same time period last year.

Monster Beverage’s Sales Fall Short of Expectations, Blames Convenience Stores

Polk County, FL

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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

Seattle, WA

The Center Square

(The Center Square) – The Seattle-based real estate company Zillow has named a new chief executive officer as the U.S. housing market continues slowly falling.
                Zillow announced Chief Operating Officer Jeremy Wacksman has been promoted to the CEO position on Wednesday.
                Wacksman first joined Zillow in 2009 and has been promoted multiple times throughout his 15 years at the company.
          ...

Seattle-based Zillow names new CEO as national home sales continue falling

Primis Bank is offering a remarkable fee-free checking account that pays 6.00% APY. That outdoes even the best CDs and high-yield savings accounts, which currently max out at 5.50%. Primis' 6.00% Novus Checking rate is available to new customers who set up a monthly direct deposit of at least $1,200.

This Checking Account Pays 6.00%—And It’s Guaranteed for 6 Months

CVS Health (CVS) shares lost ground in early trading Wednesday after the pharmacy giant slashed its 2024 earnings guidance again amid increased medical costs and announced the departure of the head of its Aetna unit. The company lowered its 2024 guidance for earnings per share (EPS) for a third straight...

CVS Cuts Its Full-Year Profit Outlook, Again

PYMNTS

Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record 23.7 million active riders, representing a 10% increase from the previous year. Total rides hit a new high of 205 million, up 15% year over year.

Lyft Launches Price Lock Subscription Amid Surge in Ridership

Americans seeking relief from high borrowing rates might not have to wait much longer.

A big change could come to the US economy in September

Microsoft will hand out one-time cash awards to nonexecutive employees. Amounts will depend on role and bonus size, but will top out at 25% of annual bonus. Microsoft outperformed the Nasdaq over the past year, and revenue growth accelerated compared to the prior fiscal year. Salaried and hourly workers at...

Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus

Major U.S. stock indexes surged in afternoon trading Friday, as a volatile week of equities trading gets set to draw to a close. The Dow Jones Industrial Average was up 0.4% recent trading, while the Nasdaq Composite and S&P 500 were both up 0.7%. All three indexes closed sharply higher on Thursday, with the S&P 500 and Nasdaq recording their biggest one-day point gains since 2022, as the economic concerns that had roiled the market for the past week subsided after a benign weekly jobless claims report.

Dow Jones Today: Stocks Move Higher; S&P 500, Nasdaq Back in the Green for the Week

Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said July revenue surged 45% year-over-year. Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%. The buoyant sales at TSMC, which supplies chips to Nvidia and Apple, shows demand for...

TSMC July Sales Jump 45%, Buoyed by Strong AI Chip Demand

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

The tech-heavy Nasdaq Composite index has gained 10% year to date.

Cathie Wood buys $28 million of battered tech stock

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Missouri State

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CJ Coombs

Red Lobster is a casual dining restaurant and shouldn't be compared to fine dining restaurants when commenting on seafood venues. Many families who can't afford fine dining costs can go to a Red Lobster, especially if they love seafood.

Red Lobster navigates in challenging waters to find success in its future with closures and a buyer

The AI chip leader has high expectations to meet heading into its next earnings release.

Should You Buy Nvidia Stock Before Aug. 28?

NewsBreak

Airbnb Stock Sinks on Warning About Slowing US Demand

Airbnb (ABNB) shares sank Wednesday, a day after the vacation rental firm missed second-quarter profit forecasts and warned about slowing demand in the U.S. The company...

Airbnb Stock Sinks on Warning About Slowing US Demand

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