Columbus, OH

Fortune

“The longer this new CEO goes without making a huge impact that's noticeable internally as well as externally, the worse this decision will look."

A week ago, Starbucks’ new CEO was a ‘messiah’…and then everyone found out about his 1,000-mile private-jet supercommute

On Wednesday, investors will find out whether bulls like Dan Ives or bears like Elliott Management are right about AI demand when the chipmaker updates the market.

Nvidia Q2 results will be ‘the most important tech earnings in years,’ predicts tech bull Ives

Korea’s shrinking population and competitive food sector makes finding investors a challenge, says Gopizza founder Jay Lim.

South Korea’s low fertility rate is ‘no joke’—and that’s pushing a Korean pizza startup to go global fast

JPMorgan Chase, Bank of America, Wells Fargo and other unnamed large banks are reportedly facing a federal investigation over scams and fraud on the billion-dollar instant payments platform Zelle. The Consumer Financial Protection Bureau (CFPB) is probing how the banks handle disputed transactions on the network, reports the Wall Street...

JPMorgan Chase, Bank of America and Wells Fargo Under Federal Investigation Over Hundreds of Millions of Dollars in Scams and Fraud on Instant Payments Platform Zelle

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

Bill Ackman failed to launch a publicly-traded investment fund earlier this month. He typically keeps a highly concentrated portfolio of a few high-conviction stocks. These three companies all have strong competitive advantages, but not every one looks like a buy right now. You can still follow Bill Ackman's trades. Here...

Billionaire Bill Ackman Has 60% of His Hedge Fund's $10 Billion Portfolio in Just 3 Stocks

When much of human activity moved online during the height of the pandemic, tech companies were thriving. Call it the COVID tech bubble. Now we've hit the COVID tech bust. By the second half of 2022, tech companies had initiated significant layoffs — something that had followed an extended period of frenzied tech hiring and attention to employee experience. Standard explanations for the cuts were that companies hired too many during the pandemic and they were looking at the specter of a recession in the months ahead. It sounds a lot like the dot-com boom and bust of yore. Not all companies are impacted equally. It's the ones that hired at an accelerated rate during the boom that seem to be hitting the brakes right now.

Tech Company Layoffs: The COVID Tech Bubble Bursts

UnitedHealth Group is among the potential buyers of ambulatory surgical center operator Surgery Partners, Bloomberg reported Aug. 23. Private equity firm TPG has also expressed interest in acquiring Surgery Partners, sources told Bloomberg. Other private equity firms and strategic bidders may be interested in buying the chain, Bloomberg reported. Surgery...

UnitedHealth reportedly eyes Surgery Partners acquisition

Reuters

Jackson Hole, Wyoming (Reuters) - Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month.

Fed has 'clear path' to achieving goals without recession, Collins says

JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively setting aside billions of dollars in emergency provisions.

JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty

Business Insider

BI's upcoming free virtual event will feature top business leaders discussing how to debut a company to the public market.

Sign up now: how businesses can kick-start their IPO journey

ABC News

Inflation stands below 3% for the first time since 2021.

Harris plans to tackle inflation. Economists say the fight is nearly over.

Los Angeles, CA

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Herbie J Pilato

Dennis the Menace actor Jay North is now 73 years old. This is his story. On August 3, 1951, Jay North was born Jay Waverly North, Jr., in Los Angeles, and seven years later, began acting on TV on shows like Wanted: Dead or Alive, and 77 Sunset Strip.

Former Childstar Jay North (TV's 'Dennis the Menace') Turns 73

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

David Mericle, Goldman Sachs chief US economist, joins 'Closing Bell Overtime' to talk what to expect from Fed officials in Jackson Hole this week.

The FOMC is moving beyond inflation concerns, says Goldman Sachs' David Mericle

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Chicago, IL

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Foodie in Chicago

(CHICAGO) In July, Democratic National Convention (DNC) officials predicted 50,000 visitors to Chicago and a $150 million boost to the economy. But are restaurants feeling the bump in business thanks to the convention?

DNC in Chicago: Some Restaurants Left Hungry for Expected Business Boom

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

(Reuters) - Edgar Bronfman's plans for Paramount Global include partnering with technology companies like Amazon.com or Apple to improve its streaming TV business, Bloomberg News reported on Saturday, citing people familiar with his thinking.

Bronfman's Paramount plans include partnerships with Amazon or Apple, Bloomberg News reports

Lorraine Hutchinson, Bank of America Securities senior retail analyst, joins CNBC's 'The Exchange' to discuss why TJX will keep its winning streak, other names to watch, and more.

JPMorgan CEO Reveals Why He Hires Ex-Felons

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