Americans are increasingly moving their hard-earned cash into higher-yielding financial products as US banks battle to stop deposit flight. People have increasingly grown weary of the low interest on deposits offered by banks and have now poured a record $6.15 trillion into money market funds, reports the Financial Times, citing data from the Investment Company Institute.

Investors Move $2,450,000,000,000 in Push for Easy Money As Wells Fargo, Bank of America and Citi Fight To Defend Their Deposit Base: Report

The price is right for buying this Vanguard ETF in two key ways. History shows that small-cap value stocks outperform other types of stocks over the long run. Now looks like the ideal time to buy this Vanguard ETF. Vanguard offers several exchange-traded funds (ETFs) that have soared more than...

3 Reasons to Buy the Vanguard Small-Cap Value Index Fund ETF Like There's No Tomorrow

TheStreet

Berkshire Hathaway's share price has climbed 22% year-to-date.

Warren Buffett's Berkshire sheds Bank of America stock

Goldman Sachs issued a warning that an S&P 500 correction is imminent and advised investors against buying the dip. In a note to clients, an analyst at the investment bank highlights several indicators pointing towards a downturn in the market. He points out that July 17 typically marks the end...

Goldman Sachs says S&P 500 correction is coming, urges investors not to buy dip

Dow gains 800+ on positive inflation data; Disney’s R-rated hit lifts VOX. Stock and bond ETFs jumped Friday as traders aimed to end a turbulent week on a positive note amid fresh U.S. inflation data. Major index-tracking ETFs showed significant gains across the board. The SPDR Dow Jones Industrial...

ETFs Broadly Rise; ‘Deadpool & Wolverine’ Boost Media Fund

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

Axios

India saw $25 billion in private capital-backed exits in 2023 and $11.5 billion in the first half of 2024, according to new data from the Global Private Capital Association. Why it matters: While the rest of the world — including the U.S. — has been struggling with a dearth of exits, deal value in India increased by 46% and deal count by 51%, year-over-year.

India's private capital-backed exits are on a tear

Virginia State

Wendy's birthday was spent away from her loved ones. Virginia Wendy Williams fans, the latest update is not encouraging. The former talk show host turned 60 on July 18 without any of her loved ones around. According to Yahoo, family members remain "out of bounds" and have no access to Wendy as she battles dementia and progressive aphasia.

The family of talk show diva Wendy Williams were unable to celebrate her 60th birthday by her side

The affably-named "Oracle of Omaha" has delivered a cumulative return of more than 5,400,000% for Berkshire Hathaway's Class A shares (BRK.A) since becoming CEO in the mid-1960s. Portfolio concentration has been an unsung hero for Warren Buffett and Berkshire's shareholders. Five unstoppable businesses account for almost $310 billion of Berkshire...

75% of Warren Buffett's $416 Billion Portfolio Is Invested in 5 Unstoppable Stocks

Real estate stocks have taken a hefty beating this year, with REITs having the sole distinction of being the lone S&P 500 group in the red for much of 2024 and only just turning positive last week. But the sector is finally seeing some signs of life as the Federal Reserve charts a course of lower rates ahead.

Real Estate ETFs: Performance Perking Up

Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle-market focused private equity team at Morgan Stanley Investment Management, have acquired American Restoration, a provider of residential and commercial property mitigation and restoration services. MSCP is partnering with the current management team led by CEO Dan Tarantin, who will continue to lead the business.

Morgan Stanley Capital Partners acquires American Restoration

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsByJoshua

Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.

A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy

Reuters

FRANKFURT (Reuters) -Deutsche Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 billion) as a provision for an investor lawsuit, scuppering plans for a stock buyback and triggering a 7% drop in shares.

Deutsche Bank's profit streak ends with big lawsuit provision

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

PYMNTS

British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake in Sokin, the company announced Wednesday (July 24), designed to speed its expansion. “Sokin was founded in 2019 with a simple vision to remove the...

Morgan Stanley Buys Stake in UK Payments Firm Sokin

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

In 2023, public pension funds, endowments and other institutional allocators saw weaker returns from alternative investments like private equity, but stronger returns from public equities, which have historically underperformed the former, according to a review by Markov Processes International Inc. The pension funds that performed best last year typically had...

Public Equity Allocations Lead the Way for Public Pension Funds

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?

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

Your article was successfully shared with the contacts you provided. Buying low-priced stocks can make sense in theory but in practice can prove hazardous, Susan Dziubinski, a Morningstar investment specialist, wrote in a blog post this week. On one hand, it is easier for an investor to spend relatively little...

10 Best Stocks to Buy for Less Than $10 a Share: Morningstar

NewsBreak

Goldman Sachs Adds Muni Bond Funds to ETF Lineup

The four actively managed ETFs tap into rising demand for tax-efficient, flexible fixed income funds. Goldman Sachs Group Inc., which manages $2.93 trillion in assets, is...

Goldman Sachs Adds Muni Bond Funds to ETF Lineup

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