Reuters

(Reuters) -Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year's biggest public offering so far.

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024

Business Insider

The impact of a still-weak market for office real estate is felt by Blackstone's huge mortgage fund.

Blackstone's mortgage fund slashes dividend as slump in office puts it under pressure

(Reuters) -Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investors' general nervousness about the structure and how to invest the cash.

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman slashed the $25 billion whisper target he’d set for the IPO of his investment fund and asked big investors to put in their orders, “the sooner the better.”. A letter sent to big investors this week is a sign that demand for shares is lighter than the billionaire had expected. Not expecting the letter to be publicly disclosed — lawyers later disagreed — Ackman disclosed the names of several anchor investors (Texas Teachers is in for at least $60 million) in Pershing Square USA, as the fund is called, and tackled doubters’ concerns about its structured: “We have addressed this issue by analogy by comparing PSUS to Berkshire Hathaway.”

Ackman’s IPO push: A downsized goal, a big ask, and some typos

(Reuters) - Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-quarter earnings season, and potential Fed rate cuts.

Global equity funds draw fifth weekly inflow on earnings hopes

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

Markets Insider

"When it comes to the housing market, the laws of supply and demand don't seem to apply any longer," the economist David Rosenberg said.

The US housing market has entered bizarro world

Mark Spitznagel told The Wall Street Journal the government's $34 trillion debt would make the stock-market bubble's impact more extreme.

The 'greatest bubble in human history' is close to bursting, black-swan investor Mark Spitznagel says

California State

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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

Excitement surrounding stock splits has taken Wall Street by storm in 2024. July has been a busy month, with an international conglomerate, high-end retailer, and artificial intelligence (AI) networking solutions provider all executing forward splits. However, Wall Street's newest stock-split stock has a $24 billion market cap that's built atop...

Wall Street's Newest Stock-Split Stock Should Be Avoided Like the Plague -- and I'm Not Talking About Broadcom

Virginia State

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

Big-name hedge fund managers used to rule the stock market like gods. Now their days of domination are over.

They used to rule the stock market like gods. Now their days of domination are over.

Scientists found alarmingly high levels of cocaine in Brazilian sharpnose sharks off the coast near Rio de Janeiro. Experts believe that water released from illegal cocaine labs or the excrement of drug users could be responsible, the BBC reported. A marine ecotoxicologist told Science that the findings are “very important...

Sharks are testing positive for cocaine

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

Opportunities to invest abound when you have a long-term mindset. A majority of online brokers have done away with commission fees on common stock trades and minimum deposit requirements. Three nominally cheap stocks have the tools and intangibles needed to make their patient shareholders richer. A small amount of money...

3 No-Brainer Stocks to Buy With $20 Right Now

Vanguard ETFs are popular investment vehicles, thanks to their low costs and above average performance. Here is a rundown of the fund family's best and worst performers this year. Vanguard, a popular fund family, is prized for its low costs and stellar performance. In October 1974, Paul Samuleson, a Nobel...

What Are Vanguard's Best and Worst Performing ETFs in 2024?

Washington State

Timothy A Gruver

Washington state Insurance Commissioner Mike Kreidler announced on Monday that he has fined Unite Health Share Ministries $300,000 for illegally selling insurance in Washington.

Unite Health Fined $300K for Unauthorized Insurance Sales

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?

NewsBreak

Private credit shops put themselves up for sale as smaller players get squeezed

The world of private credit spent the past few years blooming. Now comes the pruning. Hundreds of funds have cropped up over the past decade to...

Private credit shops put themselves up for sale as smaller players get squeezed

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