Warren Buffett and Berkshire Hathaway's top insurance executive warned this year about the potential for massive losses from cyber insurance policies. The CrowdStrike-caused global IT outage will be a key test for cyber insurance underwriters, with Fitch Ratings expressing confidence that losses will not exceed $10 billion. Other cyber policy...

CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett

(Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11% in after-hours trading. The Detroit automaker earned an adjusted profit of 47 cents per...

Ford profit disappoints, stock falls 11% as quality issues dog automaker

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

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

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

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

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?

Martin Vidal

One of the worst things about it is the loneliness. It was 2018, and I was 26 years old at the time. For years, doctors had been trying to get to the bottom of some breathing issues I had. I’d already been administered every allergy test available, and I underwent a sinus surgery to improve airflow through my nasal passage. But still, I was prone to getting bronchitis, having shortness of breath, and, even with daily physical exercise, I had the lung capacity of someone double my age. My primary doctor finally decided to set me up for a chest X-ray.

Opinion: The Words Every Dying Person Needs to Hear

Social Security is a major source of income for most retirees. Yet most people don't know how much income they may receive from the program. Here's how to access your Social Security retirement benefit estimate. For most retirees, Social Security benefits is a major source of income. Yet, just 11%...

Most people don't know how much their Social Security retirement benefits may be. Here's how to tell

Boise, ID

Drawing inspiration from a doctoral thesis on infant brain development, Jessica Rolph and Roderick Morris co-founded Boise, Idaho-based Lovevery, which makes children's toys specialized for different childhood developmental phases. The company brought in $226 million in revenue last year, according to documents reviewed by CNBC Make It — powered largely by its popular subscription play kits. The company aims to reach profitability this year, Rolph says.

We built Lovevery: How our play kits bring in $226 million a year

Six senators are asking the Justice Department and the Federal Communications Commission to consider challenging a deal that would allow T-Mobile to use part U.S. Cellular's wireless spectrum. New letter from lawmakers says consumers could be charged billions more from higher-priced carriers with lower-prices carriers combining. Lawmakers also ask the...

Warren sounds alarm on T-Mobile, U.S. Cellular deal with Justice Department, FCC

In June, unemployment inched up a little bit higher to 4.1% from 4% in May, according to the Bureau of Labor Statistics. Altogether, 6.8 million people are out of a job, which means millions are currently looking for their next role. If you're job searching yourself, remember that sending out...

When you're job-seeking, don't think 'I have to send out 100 applications a week,' says expert—do this instead

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

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Jumia: "It's not making a lot of money." Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in...

Cramer's Lighting Round: Broadcom is 'absolutely terrific'

Southwest plans to offer pricier seats with extra legroom and end open seating on its planes. The shifts are the most major in the airline's more than five decades of flying. Southwest expects to start selling seats with the new cabin option next year. The airline plans to start selling...

Southwest to get rid of open seating, offer extra legroom in biggest shift in its history

The Commerce Department released a report on Wednesday unexpectedly showing a continued decrease by new home sales in the U.S. in the month of June. The report said new home sales fell by 0.6 percent to an annual rate of 617,000 in June after plummeting by 14.9 percent to a revised rate of 621,000 in May.

U.S. New Home Sales Unexpectedly Decrease To Seven-Month Low In June

CNBC's Jim Cramer looked at what might have caused Wednesday's Big Tech declines, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla. "Wall Street, it looks like it's had it with the mega caps, doesn't it? We don't want to hear about the 'Magnificent Seven' anymore," he said. "Everyone thinks these stocks have gone to unsustainable levels, so that they want to lock in gains and pivot to groups that have room to play catch-up, like the small caps."

Jim Cramer examines Wednesday's brutal tech sell-off

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

Lockheed Martin's Q2 2024 results show impressive revenue growth and robust free cash flow. Revenue growth of 9% YoY, with Q2 2024 net sales reaching $18.1 billion. Free cash flow more than doubled, hitting $1.5 billion in Q2 2024. Updated full-year guidance reflects increased confidence in performance. Lockheed Martin Corporation,...

Lockheed Martin Reports Strong Q2 2024 Results

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

NewsBreak

Thursday, July 25, 2024: Cramer wants people out of this disappointing automaker

Jim and Jeff discuss this automaker's disappointing...

Thursday, July 25, 2024: Cramer wants people out of this disappointing automaker

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