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

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

Baxter shares slid after the company agreed to sell its kidney care division to Carlyle for $3.8 billion in cash. The company plans to use the roughly $3 billion in after-tax proceeds to reduce its debt. Carlyle's investment is being made through a partnership with Atmas Health. Shares of Baxter...

Baxter Stock Falls After it Unloads Kidney Care Division in $3.8B Deal

Kiplinger

Arm Holdings stock is deep in the red Thursday after the chipmaker's full-year outlook fell short of Wall Street's expectations. Here's what you need to know.

Arm Stock Sinks as Soft Outlook Offsets AI-Fueled Earnings Beat

Workiva sells a unique suite of cloud-based software products. The company has a significant opportunity in the environmental, social, and governance (ESG) software industry. Workiva stock is the cheapest it has been in four years, and Wall Street is bullish on its prospects. Workiva stock might be a great tech...

1 Growth Stock Down 54% to Buy on the Dip, According to Wall Street

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Certificate of deposit rates have been wavering for months, but they’re falling faster as recession fears grow. You can still score an annual percentage yield, or APY, up to 5.30% with today’s best CDs, but time is of the essence. Your rate is fixed when you open a...

Best CD Rates Today -- Banks Are Slashing CD Rates Ahead of Next Fed Meeting, Aug. 12, 2024

Pompano Beach, FL

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Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Hawaiian Electric Industries said it might not be able to continue as a going concern because of payments needed to cover a legal settlement from the 2023 Maui wildfires. The company and its Hawaiian Electric unit don't have a plan in place to cover the $1.71 billion litigation costs. The...

Hawaiian Electric Warns About Future Viability Because of Maui Fire Costs

Findings from the newly released Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that as consumers continue to await interest rate relief in the form of rate cuts, credit products continue to serve to bridge the financial gaps that may exist in many household budgets.

Anticipating Fed Interest Rate Cuts, Consumers Reportedly Continue to Use Existing Credit, Gain Access to New Lines

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

24/7 Wall St.

Ford stock is unlikely to recover the ground it has lost over the past two years. That is due in part to poor electric vehicle (EV) sales.
The post Ford Shares Plunge to Near 2-Year Low appeared first on 24/7 Wall St..

Ford Shares Plunge to Near 2-Year Low

Over ten percent of credit card outstanding debt is over 90 days delinquent. Banks will be curtailing credit. This a second look at some interesting charts from the New York Fed Quarterly Report on Household Debt and Credit. Over 10 Percent of Credit Card Debt is Seriously Delinquent. Serious Delinquency...

Credit Card And Auto Loan Delinquencies Surge In The Second Quarter

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Wyoming State

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WyoFile

Fresh off a regulatory defeat, and amid ongoing legal battles and skyrocketing wildfire liability costs, Rocky Mountain Power is once again asking to charge its Wyoming customers more for electricity.

Rocky Mountain Power wants to hike rates again, this time by $123.5 million, or 14.7%

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Camden, NJ

Cornelius, NC

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Scotiabank has agreed to take a 14.9% stake in KeyCorp for roughly $2.8 billion, the Cleveland-based bank announced Monday. The Canadian lender will purchase about 163 million shares of KeyCorp’s common stock for $17.17 per share, according to the statement. Scotia’s move would represent a huge advancement for a...

Scotiabank to take nearly 15% stake in KeyBank for $2.8B

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

NewsBreak

JetBlue Hit With Credit Downgrades Amid $3 Billion Debt Financing

JetBlue shares tumbled Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies. S&P...

JetBlue Hit With Credit Downgrades Amid $3 Billion Debt Financing

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