New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

Billionaire Israel Englander sold Nvidia stock during the first quarter, while purchasing shares of Palantir and Super Micro Computer. Palantir is a recognized leader among AI/ML platform vendors, and Wall Street expects the company to grow earnings per share at 22% annually through 2026. Super Micro Computer is the market...

Billionaires Are Selling Nvidia Stock and Buying 2 Supercharged Artificial Intelligence (AI) Stocks Instead

Tech and AI stocks declined on Wednesday, causing the Nasdaq and S&P 500 to drop sharply as investors reacted to potential new export controls under the Biden administration and comments on Taiwan by former President Donald Trump. The Dow Jones Industrial Average, which closed almost 750 points higher the day before, was flat on Wednesday.

The S&P 500 and Nasdaq tank as investors dump AI and tech stocks

Reuters

A look at the day ahead in U.S. and global markets from Mike Dolan. Another impressive earnings beat from Taiwan's chipmaking giant TSMC may help calm this week's tech stock rout, as the earnings season turns toward wobbly megacaps with an update from Netflix on Thursday - just as the European Central Bank meets.

Morning Bid: TSMC steadies the chips, ECB and Netflix eyed

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers, used in everything from smartphones and cars to missiles. Following the runaway success of ChatGPT, the company is now at the forefront of a generative AI revolution, churning...

Taiwan's TSMC second-quarter net profit jumps on Gen AI demand

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

Thomas Smith

Spotting a few bugs in the house is typically a nuisance, but there's one in particular that should ring alarm bells for homeowners. If you come across the bug in the photo above, it's time to call in a professional.

Study This Photo--If You Find This Bug In Your House, You Need To Call in a Pro

New York City, NY

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

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

California State

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 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

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?

Anika Jindal

The type of gasoline you use matters most when it comes to keeping your car running. While most gas stations claim to provide high-quality fuel, not all gasoline is created equally. You should avoid some gas brands that can ruin your car.

Worst Gas Brands That Can Ruin Your Car

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Virginia State

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

NewsByJoshua

Have you ever walked out of a grocery store because the total at the register gave you sticker shock? Well, you're not alone. Recently, a shopper named Christy McTyre made headlines when she abandoned her entire cart at Winn Dixie after seeing her $108 bill—a cost she found outrageously high compared to other stores.

She left her cart at Winn Dixie when her bill was $108 – Walmart was $50 cheaper

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?

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Nevada State

Yesterday in Nevada, President Biden announced a plan to address low housing affordability as he tries to regain voters’ faith through the one place they hurt the most—their rent autopay system. The proposal, which would last two years, would end tax credits for corporate landlords (those with 50+...

Biden proposes 5% cap on rent hikes

Washington State

Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

Markets Insider

The US needs to readjust its approach to China or risk deep and unnecessary fallout between the world's two biggest economies, Yale economist Stephen Roach said. The former Morgan Stanley China chairman blasted each country's mounting antagonism on Bloomberg's Odd Lots podcast, sharing dim views on rising trade barriers. While...

Slamming China with tariffs is a mistake, and the US can do one big thing to support key industries, Yale economist says

MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340. Record-high prices for stocks popular with investors have driven a stock-split boom this year. A market expert told BI that a handful of companies with shares above $500 could be candidates for split. It's...

Stock splits can be rocket fuel for a company's shares. Here's who could be next.

It’s a dream come true for gamers’ 2013 selves: More than a decade after EA Sports shelved its NCAA football series for legal reasons, today’s worldwide release of College Football 25 (CFB25) marks a revival for the category—and EA’s biz. It’s already crushing among pre-orderers....

Gamers got college football back before GTA 6

NewsBreak

Time to abandon AI?

All good things must come to an end—even the tech rally that has propelled the market to break record after record this year. No matter how...

Time to abandon AI?

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