Columbus, OH

David Chiaverini, Wedbush Security equity research analyst, joins 'Closing Bell' to discuss regional banks ahead of earnings.

Rate cuts in the second half can reduce regional bank headwinds, says Wedbush's David Chiaverini

On Monday, Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation has reached its 2% target rate before cutting interest rates. Waiting to cut rates until the target has been reached would mean "you've probably waited too long," he said, explaining that the tightness of monetary policy would still be having an impact, and inflation would likely fall below 2%.

10-year U.S. Treasury yield slides following Powell commentary

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

After First Horizon posted an earnings miss Wednesday morning, the regional bank's CEO Bryan Jordan told CNBC's Jim Cramer there is stiff competition in the industry that could continue for the rest of the year. "We're seeing a tremendous amount of competition. It tends to be very aggressive for money...

First Horizon CEO talks regional bank competition after earnings miss

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

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?

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Market Close

High interest rates and tight housing supply are hurting both homebuyers and sellers. The extent of the residential real estate crisis varies widely from state to state, and in some top states, climate risks are also rising. Because companies consider the residential real estate market when deciding where to locate,...

These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

The Social Security Administration is upgrading its "my Social Security" personal accounts online. The goal is to provide a simpler login experience and more secure online access, the agency said. But first, some users may have to log in and transition their current accounts. The Social Security Administration is updating...

Why the Social Security Administration may want you to update your personal account online

'Mad Money' host Jim Cramer looks at stocks and sectors that would benefit from a GOP-presidential victory.

Cramer breaks down which stocks would gain a tailwind from a GOP-presidential victory

Wisconsin State

Troy, MI

SmartAsset recently released its 2024 study on the most livable small cities in the United States. The study defined small cities as those with a population between 65,000 and 100,000 people. To rank the cities, SmartAsset used data from the Bureau of Labor Statistics data for 2023, the U.S. Census Bureau American Community Survey for 2022, and the Census County Business Patterns Survey for 2021.

From Troy, Michigan to Oshkosh, Wisconsin: These are the top 10 most livable small cities in America

General Motors is updating its flagship Cadillac Escalade with new looks and enhanced technologies for the 2025 model year. The automaker also will increase production of a V-Series performance model, which currently tops out at more than $152,000, to better meet demand. The Escalade is a crucial vehicle for Cadillac...

GM to increase production of high-performance Cadillac Escalade V8 SUV

Alabama State

Birmingham, AL

When Jen Barnett and Brett Andrews started seriously thinking of leaving the U.S., they had a few parameters for their new home. The couple from Birmingham, Alabama, wanted to live in a place not too far from the beach, that had a strong middle class, where politics leaned progressive, and maybe most importantly, where people enjoyed a high quality of life for a lower cost of living.

American couple left the U.S. for Mexico and lives on $3,000 per month: What they say is cheaper

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Canadian Prime Minister Justin Trudeau said he was "sickened by the shooting" while the UK's newly elected Prime Minister Keir Starmer said he was "appalled by the shocking scenes" at the rally. In the U.S., both Republicans and Democrats alike came together to criticize the attack and expressed their well...

World leaders condemn assassination attempt on Trump: 'Tragedy for democracy'

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Paterson, NJ

In a landmark case against Horseless Carriage Carrier, Inc., the New Jersey Department of Labor and Attorney General enforce labor laws to protect misclassified drivers. PATTERSON, N.J. - Attorney General Matthew J. Platkin and the New Jersey Department of Labor and Workforce Development (NJDOL) Commissioner Robert Asaro-Angelo have announced a significant legal settlement with Horseless Carriage Carrier, Inc., based in Paterson, New Jersey. The settlement addresses violations of labor laws involving the misclassification of employee drivers as independent contractors and other unlawful practices.

Paterson Luxury Car Shipping Workers Win $364K in Back Wages

Pennsylvania State

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

NewsBreak

Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise'

Sweden's central bank held interest rates on Thursday but changed its outlook for further cuts this year from two to \"two or three.\" Riksbank Governor Erik...

Sweden's central bank held interest rates on Thursday but changed its outlook for further cuts this year from two to "two or three." Riksbank Governor Erik...

Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise'

Comments / 0