Cathie Wood's Ark Invest has 5.4% of its portfolio invested in Block, a fintech stock the firm estimates will trade at 375 per share by 2025. Block reported solid financial results in the first quarter, supported by encouraging progress across the Square and Cash App ecosystems. Block is executing on...

1 Turnaround Growth Stock to Buy Before It Soars 505%, According to Cathie Wood's Ark Invest

Business Insider

The M&A drought that's kept investment bankers on the sidelines is on its last legs, according to Wall Street's top dealmaker.

Goldman Sachs CEO David Solomon is predicting the long-awaited return of MA

PYMNTS

Earnings season’s about to begin – on Friday, but the FinTech IPO Index’s 3.4% rally these past five sessions came amid several new partnership announcements. Upstart shares gathered more than 16% through the week. Upstart announced that Texans Credit Union, one of the largest credit unions in Texas with more than 123,000 members and $2.2 billion in assets, has struck a par partnership with Upstart to offer personal loans to consumers.

FinTech IPO Index Surges 3.5% on Partnership Announcements Ahead of Earnings Season

Reuters

(Reuters) - SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing to go public in the second half of next year, its chief executive said in an interview.

SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate

NEW YORK -- Goldman Sachs is posting a 150% jump in second quarter profits Monday, helped by a resurgence of dealmaking and underwriting that has revived investment banking after the slowdown of the previous couple years. The New York investment bank posted net earnings of $3.04 billion, $8.62 per share,...

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

Business Times

Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results.

Bank of America Exceeds Q2 Expectations Amid Investment Banking Gains

California State

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community_voice

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

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

The Vanguard High Dividend Yield Index Fund ETF is a low-cost fund designed for income-seeking investors. The Vanguard S&P 500 ETF has a rock-bottom expense ratio, so investors keep more of their returns. Don't let these exchange-traded funds pass you by. Investing is like gardening. It takes a bit of...

2 Top-Notch Vanguard ETFs That Are Screaming Buys in July

Markets Insider

The S&P 500's record-setting rally this year has sparked a wave of price target increases from Wall Street. The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. Key bullish drivers includes AI benefits, consumer resilience, and imminent Fed rate cuts.

Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm's exact forecasts.

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

(RTTNews) - US investment bank JPMorgan Chase & Co. (JPM) reported Friday net income for the second quarter that surged to $18.15 billion or $6.12 per share from $14.72 billion or $4.75 per share in the prior-year quarter. On average, 13 analysts polled by Thomson Reuters expected the company to...

JPMorgan Q2 Results Top Estimates - Update

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?

NewsByJoshua

So, Ford's CEO Jim Farley dropped some pretty big news recently, and it might just shake up how we think about electric vehicles (EVs). Speaking at the Aspen Ideas Festival, Farley laid out what he sees as a necessary shift in the automotive industry—especially for those of us accustomed to big, powerful vehicles.

Ford CEO Jim Farley Warns of ‘Radical Change’ and Says EV Batteries Will ‘Never Be Affordable’

American Express Co (NYSE:AXP) disclosed its latest U.S. consumer and small business card loan delinquency and write-off statistics in a regulatory filing today. The data, which includes figures for the months ending June 30, May 31, and April 30, as well as aggregate numbers for the second quarter of 2024, provides investors with a snapshot of the company’s credit performance.

American Express reports card loan delinquency and write-off rates

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

The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company said in a Securities and Exchange Commission (SEC) filing that while some systems have been restored, it is still dealing with the fallout of the hack.

AutoNation: CDK Hack Will Hurt Earnings

Pennsylvania State

Bucks County Beacon

“Who sits there and thinks, with all the needs we have in America, of criminalizing the homeless?” wonders Pastor Robert Brown of Bristol’s Bible Evangelical Methodist Church after learning that the United States Supreme Court approved punishing those experiencing homelessness who have nowhere to sleep.

After SCOTUS OK’s Criminalization of Homelessness, Pennsylvania Democrats Plan Legislative Response to Protect Rights of the Unhoused

NewsBreak

Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July 15),...

Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance

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