On Wednesday, Truist Securities adjusted its outlook on Alphabet Inc. (NASDAQ: NASDAQ:GOOGL), raising the tech giant's price target from $190.00 to $196.00. The firm maintained a Buy rating on the stock, signaling continued optimism about the company's performance. The upgrade follows Alphabet's robust second-quarter results for 2024, which showcased sustained...

Truist raises Alphabet stock target on strong 2Q results

Check out the companies making headlines in extended trading:. — The tech giant slipped 1% despite a beat on both top and bottom lines in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue at its YouTube advertising segment missed forecasts.

Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more

The Independent

Major stocks fell dramatically Wednesday after several companies reported disappointing earnings, sparking a tech selloff and the biggest Wall Street bloodbath in nearly two years. By market close, the Nasdaq had dropped a whopping 3.6 percent and the S&P 500 was down 2.31 percent – the worst single-day decline for either index since October and December 2022, respectively. The Nasdaq sat at 17342.41 at market close, while the S&P 500 sat at 5,427.13Even the Dow Jones saw a 504.2-point drop – or more than 1 percent - to 39,853.87.The decline can be attributed to disappointing second-quarter results from Tesla and...

Nasdaq takes biggest dive in nearly 2 years as tech earnings spark selloff

Chipotle (CMG) shares are trading more than 10% higher after the close following the company’s better-than-expected earnings results. The fast-casual dining company provided earnings results that were $0.02 better than expectations after the company surprised investors with a year-over-year increase in revenue of nearly 10%. Investors had been braced...

Three Stocks: Chipotle, IBM, and Ford

The Motley Fool

Super Micro Computer could still have a lot of upside potential.

1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 84%, According to Loop Capital

Chicago, IL

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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?

Kentucky State

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Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

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

Universal Music Group (AS:UMG), in which Bill Ackman’s Perishing Square Capital holds a significant stake, saw its shares crash more than 26% Thursday after releasing quarterly results. The company reported higher-than-expected second-quarter sales on Wednesday, however, this was offset by a slowdown in the subscription and streaming segment. UMG...

Bill Ackman's top stock UMG crashes 26% after results, Citi downgrades

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Ford has posted its Q2 2024 earnings results, and with it came some metrics on how the company’s electric vehicles department is doing. Unfortunately, it doesn’t look like great news. In the stat on Ford’s EVs division, it posted a -194.8 percent margin for the first half of FY 2024. That was down 123.9 percent year-over-year from similar timelines in 2023.

Ford (F) Model e EV division posted a -194.8% margin in the first half of 2024

Another round of layoffs has hit this week, and this time it’s the team at Humble Games taking the blow. Staff at the publisher have reported that nearly the entire team was cut, leaving 36 employees out a job. While that leaves Humble Games essentially unstaffed for the time being, the group has claimed it is not yet shutting down and known upcoming releases should not be affected.

Humble Games hit with mass layoffs as publisher faces 'restructure' [UPDATED]

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

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

Palm Springs, CA

Palm Springs Tribune

In a press release to the public, the City of Palm Springs collectively agreed in April to offer $4.3 million to residents with verified property losses related to Section 14 and request Staff to look at commencing several programmatic actions to address past inequities.

City of Palm Springs Proposes $4.3 Million Settlement to Section 14 Survivors; Survivors Counteroffer At $42 Million

We've got some passes to give away for five finalists to head to PAX West in Seattle, WA. PAX West is coming up quickly, and to help a few people participate in the fun, Shacknews has teamed up with PAX West to give away some 4-day badges! That’s right, if you want to head to Seattle, WA and rub shoulders with other developers, play some games, and listen to some panels, let us help you make that dream happen.

Shacknews PAX West 2024 4-day badge giveaway

The media conglomerate has demanded that the search engine stop scraping its content for generated responses. The generative AI business is an ugly one, not just literally, but figuratively. In order to generate the responses, AI companies need to scrape content in order to train their models. It would seem that Conde Nast is not too pleased with this, and has sent a cease and desist to Perplexity.

Conde Nast orders cease and desist against AI search engine Perplexity

Jacksonville, FL

Jacksonville Today

Our area might be the best place in the country to retreat to an island, judging from a survey released this week. Readers of Travel + Leisure magazine rated the Golden Isles in Georgia — consisting of Jekyll Island, Little St. Simons Island, Sea Island and St. Simons Island — as the best island in the continental U.S.

Two local islands rated the best in continental US

The Associated Press

DETROIT (AP) — In October of 2020, Ford’s then-new CEO Jim Farley said the company was working to cut warranty costs after glitch-prone small-car transmissions hit the automaker’s bottom line. Nearly four years later, warranty costs are still vexing the nation’s second-largest automaker and lopping billions off...

Stubborn warranty costs push down Ford’s 2Q net profits, causing stock plunge in after-hours trading

(Reuters) -Raymond James Financial's profit rose 27% in its third fiscal quarter fueled by record revenue, client assets and bank loans, it reported on Wednesday. The investment banking and brokerage firm said adjusted net income available to common stockholders increased to $508 million, or $2.39 per share, from $399 million, or $1.85 per share, a year earlier.

Raymond James profit gains 27% on record revenue

NewsBreak

IBM Q2 2024 earnings results beat revenue and EPS expectations

IBM, one of America’s most notable tech companies, has released its earnings report for Q2 2024. The report shows a beat on Wall Street’s revenue and...

IBM Q2 2024 earnings results beat revenue and EPS expectations

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