Columbus, OH

Joyce Chang, JPMorgan head of global research, joins 'Money Movers' to discuss what the market currently responds to, whether the early conjecture in the year was 'noise' regarding inflation, and why the elections are critical to the Federal Reserve's easing cycle.

JPMorgan's Joyce Chang: Expect Fed to ease in September

Reuters

BERLIN (Reuters) - The U.S. Federal Reserve should exercise patience with its next interest rate move to account for the chance of inflation rising again in a turbulent world, JP Morgan Chase CEO Jamie Dimon said in a media interview published on Wednesday.

Fed should be patient on next move, JP Morgan's Dimon says

Markets Insider

A Trump election victory could trigger a policy shock to the economy, as his immigration and tariff plans are an "elixir for stagflation."

Trump's trade and immigration policies are an 'elixir for stagflation' that could tip the US into recession, JPMorgan strategy chief says

Washington, DC

NBC News

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to be hit.

Jerome Powell indicates Fed won't wait until inflation is down to 2% before cutting rates

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

Two of the largest banks in the US are declaring a loss on a whopping $3.5 billion in debts that customers can’t pay back. JPMorgan Chase says its net charge-offs, which are delinquent debts that banks do not expect to receive, hit $2.2 billion in the second quarter of the year.

JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt

Leading executives from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and PNC Financial Services express varied views on the economy, highlighting both potential risks and areas of growth. Jamie Dimon, CEO of JPMorgan Chase, urges caution due to hidden economic risks, with the bank’s CFO noting that loan demand...

Mixed Economic Signals from Top Bank Executives

Pennsylvania State

WASHINGTON (Reuters) -The FBI said on Monday it has gained access to the phone of the Thomas Matthew Crooks, the suspect in the shooting of former President Donald Trump, as it continues to investigate his motive for the crime. The FBI stressed that its investigation into Saturday's shooting, which is...

FBI says it has gained access to Trump shooting suspect's phone

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Bucks County Beacon

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

California State

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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

Alan Guarino, Korn Ferry vice chairman, joins 'Squawk Box' to discuss the state of the labor market, impact on the Fed's inflation fight, rate path outlook, and more.

Unemployment is now 'reasonable enough' for a Fed rate cut, says Korn Ferry's Alan Guarino

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

The Federal Reserve risks prematurely cutting interest rates right as the US economy is poised to reaccelerate, Jim Bianco told CNBC. "The reason I suspect that we're going to have zero rate cuts is I don't think they're warranted. The economy is continuing to move along just fine," the Bianco Research president said on Friday, adding: "I suspect there'll be a second-half rebound."

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says

WASHINGTON (Reuters) - Former U.S. President Donald Trump was out of hospital late on Saturday following a shooting earlier in the day at his rally where he was shot in the right ear, Bloomberg reported. (Reporting by Kanishka Singh and Jasper Ward in Washington)

Trump Out of Hospital, Bloomberg Reports

Investing.com - President Biden is gearing up to announce a policy proposition that would place a 5% cap on rental increases across the nation. This proposed policy, if actualized, is likely to impact large apartment Real Estate Investment Trusts (REITs) such as AvalonBay Communities Inc (NYSE:AVB), Equity Residential (NYSE:EQR), and Camden Property Trust (NYSE:CPT), along with certain multifamily lenders.

Biden's proposed 5% rent increase cap: Analysts weigh in

(Reuters) - Google and Microsoft (NASDAQ:MSFT)'s cloud divisions are offering Chinese companies access to Nvidia (NASDAQ:NVDA)'s AI chips by providing data center services in locations outside China, the Information reported on Wednesday. The Biden administration has taken measures to prevent firms in China from using U.S. technology for artificial intelligence,...

Google, Microsoft offer Nvidia chips to Chinese companies, the Information reports

Florida State

Duke Energy Florida, LLC (NYSE:DUK), a subsidiary of Duke Energy Corp (NYSE:DUK), has submitted a Settlement Agreement to the Florida Public Service Commission (FPSC) today, outlining proposed base rate increases for the years 2025 and 2026. The filing also includes a provision for using certain tax benefits in 2027 instead of a further revenue hike.

Duke Energy proposes base rate adjustments

Butler, PA

(Reuters) - The gunman who tried to assassinate Donald Trump fired from a rooftop that the U.S. Secret Service had declared to be outside its security perimeter -- a fatal omission that the agency should not have made, according to two of its former officials. Two local Pennsylvania police officers...

Trump gunman shot from roof that wasn't secured by any agency

On Monday, Morgan Stanley raised its price target on Apple Inc (NASDAQ:AAPL) shares, citing the potential of "Apple Intelligence" to spur iPhone and iPad shipments. The new target stands at $273, a significant increase from the previous $216, while the firm maintained an Overweight rating on the tech giant's stock.

Apple stock target lifted with Overweight rating on iPhone, iPad outlook

NewsBreak

JPMorgan's Dimon urges Fed to be patient and not cut rates soon

Jamie Dimon, CEO of JP Morgan Chase (NYSE:JPM), stated in a media interview published on Wednesday that the U.S. Federal Reserve should be patient with its...

JPMorgan's Dimon urges Fed to be patient and not cut rates soon

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