Your article was successfully shared with the contacts you provided. The investment management and insurance firm KKR has entered into an agreement with Penn Mutual Life Insurance to acquire its subsidiary wealth management firm Janney Montgomery Scott. The purchase of the wealth management and capital markets firm will be undertaken...

KKR to Buy Janney Montgomery Scott From Penn Mutual

The expected decline in interest rates is fueling an already-hot market for mergers and acquisitions among registered investment advisories, as retirement and wealth management continue to converge, according to the Echelon Partners “RIA M&A Deal Report” for the year’s second quarter released on Monday. Interest rates saw...

Expected Drop in Interest Rates Fuels Wealth Management M&A

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

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

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?

Big banks in the US are boosting the amount of cash they’re handing to new customers as the fight for deposits intensifies for the first time in years. JPMorgan Chase and Wells Fargo in particular are battling it out to curb deposit flight triggered by the Federal Reserve’s interest rate hikes, reports the Wall Street Journal.

JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report

Virginia State

Ronkonkoma, NY

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

Fond Du Lac, WI

In a recent move that’s bound to shake things up, Mercury Marine has announced a series of partial layoffs affecting about 1,700 employees at their Fond du Lac headquarters. The company, grappling with a decline in sales, is implementing these layoffs throughout the rest of the year.

An engine manufacturer is laying off 1,700 workers due to drop in sales

Reuters

(Reuters) - Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.

Ameriprise Financial's profit jumps on fee income strength

California State

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The HD Post

CALIFORNIA – A month after Big Lots released its Quarter 1 results reporting a net loss of $205.0 million, or $6.99 per share, the company website shows 54 stores closing in California with a 20% off sale.

List of 54 Big Lots stores closing in California with 20% off sale

Tesla has just released its second-quarter 2024 earnings, and to start with, it said it closed with a profit for the 19th consecutive quarter. However, things are not going as well as in the recent past as the company did not completely meet expectations on either earnings per share or revenues.

Tesla: Robotaxis debut on 10 October and FSD by 2025

If America is on the cusp of a “Goldilocks scenario,” then Europe may have to make do with cold porridge. The latest data from S&P Global’s US Composite Purchasing Managers’ Index (PMI), released Wednesday, shows business activity grew the fastest in over two years this month. Meanwhile, the equivalent measure for the eurozone showed little growth, and a surprise slump in Germany.

US Economy Trending Toward ‘Goldilocks’ Scenario: S&P Global

Crown Castle (NYSE: CCI) has been on quite a run. Recall that earlier this year, Crown Castle faced challenges from activist investor Elliott Management, followed by former founder and CEO Ted Miller and his Boots Capital investment firm, with both parties demanding the company revamp its business model to focus on towers and jettison its fiber and small cells business, along with a Board shake up. To put in context, in 2Q24, towers accounted for two-thirds of the total site leasing revenues while fiber and small cells absorbed 91 percent of the capex.

Crown Castle’s Unresolved Dilemma

Liz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss the markets, the Nasdaq dipping and cracks showing across the economy.

Fade low quality small caps, says Charles Schwab's Liz Ann Sonders

Kentucky State

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

Jessica Serfitay flips the script on her previous statement. Virginia soap fans, Soap Opera News reports that Jessica Serfitay (ex Sloan Petersen) on Days of Our Lives posted on social media that her billionaire fiancé had abused her. The actress now says they argued as families do, and she never should have posted anything.

Days of Our Lives alum Jessica Serfitay retracts her statement that her fiance abused her

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

TheStreet

Her flagship Ark Innovation ETF has slumped 11% year to date.

Cathie Wood unloads $8 million of surging tech stock

NewsBreak

Janney Montgomery Scott Sold in Major PE Deal

Private equity is hungry, and wealth management is on the menu. Investment funds managed by PE firm KKR have agreed to acquire the $150 billion wealth...

Janney Montgomery Scott Sold in Major PE Deal

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