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A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.

Stocks could fall 30% as US heads for a deep recession, analyst warns

GE Vernova reports earnings as a standalone company for the second time Wednesday, with analysts expecting the company to post its first quarterly profit. The energy unit of the former General Electric conglomerate reported a net loss in the first quarter, as GE Vernova's wind division dragged on the company's results.

What You Need To Know Ahead of GE Vernova's Earnings

GE Vernova's net income for the second quarter came in well above expectations as the energy company reported a quarterly profit for the first time as a standalone company. The company completed its split from GE Aerospace earlier this year, ending the breakup of the former General Electric conglomerate. The...

GE Vernova Reports Profitable Quarter for First Time as Standalone Company

GE Aerospace (GE) shares jumped over 6% in early trading Tuesday after the company's second-quarter earnings exceeded expectations as orders surged. The aerospace parts maker posted a 4% increase in revenue to $9.1 billion, with $11.2 billion in orders in the quarter, up 18% from the same time last year. Analysts had projected $8.51 billion in revenue, according to estimates compiled by Visible Alpha. The company also reported $1.4 billion in net income, above expectations.

GE Aerospace Stock Jumps on Earnings Beat, Guidance Boost

Danaher's second-quarter results beat analysts' expectations on both profit and revenue. CEO Rainer Blair cited "positive momentum" in Danaher's bioprocessing business and "strong performance" in molecular testing subsidiary Cepheid. Danaher affirmed its guidance that non-GAAP core revenue will decline by a low-single-digit percentage year-over-year. Danaher Corp. (DHR) beat analysts' expectations...

Danaher Stock Soars on Q2 Earnings Beat

The Oracle of Omaha's investing prowess has earned him quite the following on Wall Street. Although Apple accounts for 43% of Berkshire Hathaway's invested assets, it's not the stock Buffett has sunk the most money into. Warren Buffett's favorite stock has been purchased for 23 consecutive quarters. The estimated $31.3...

Billionaire Warren Buffett Has Purchased $77 Billion of His Favorite Stock, Which Is More Than Double What He's Spent Buying Shares of Apple!

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

UPS customers are trading down, another signal from the second-quarter earnings season about the search for value options across the U.S. economy. CFO Brian Dykes said on a conference call that UPS "saw customers shift from air to ground and from ground to SurePost." A range of companies have highlighted...

UPS Customers Are Trading Down

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

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

Virginia State

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Ronkonkoma, NY

Cheryl E Preston

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

West Virginia State

Norfolk, VA

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

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

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?

Vista Outdoor said it received an increased offer for its Kinetic Group ammunition unit from Prague-based Czechoslovak Group. The bid was raised by $50 million to $2.15 billion, which Vista is recommending shareholders accept. The move came as private equity firm MNC Capital Partners stood by its $42-per-share offer for...

Vista Outdoor Gets Higher Offer for Ammunition Unit Amid Bidding War

The Motley Fool

Berkshire Hathaway's $388 billion investment portfolio contains 44 stocks, three of which are absolute bargains right now.

3 Warren Buffett Stocks That Are Screaming Buys for the Second Half of 2024 (and Beyond)

Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you.

US Economy News Today: Fed Chair Jerome Powell is Looking More Dovish

General Motors on Tuesday disclosed a surprising loss in China when reporting its second-quarter earnings. GM also took a more than $600 million charge for its struggling Cruise autonomous vehicle unit. The China and Cruise charge news were in opposition to higher GM revenue and profit for the period that...

General Motors Posts China Loss, Takes $600 Million Charge for Its Cruise Unit

Investing.com -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime. "The facts have changed, so...

Fed's Dudley now calling for Fed rate cut next week amid recession concerns

J. Souza

After hitting the jackpot in the cruise ship's casino, one man was shocked by the prize he won. A recent TikTok video has gotten a lot of attention, showcasing a couple's unexpected windfall during a cruise vacation.

Cruise Passenger Wins Jackpot on Cruise and Gets $50k Cabin Upgrade

NewsBreak

Why GE Stock Has Finally Recovered from the Great Recession

GE Aerospace, the inheritor of the \"GE\" ticker, closed at its highest level since early 2008 after posting strong results and boosting guidance. The results underscore...

GE Aerospace, the inheritor of the "GE" ticker, closed at its highest level since early 2008 after posting strong results and boosting guidance. The results underscore...

Why GE Stock Has Finally Recovered from the Great Recession

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