Columbus, OH

The S&P 500 has produced a positive return 100% of the time during the second half of election years involving an incumbent president. The S&P 500 has returned an average 4% during the second half of presidential election years, but it has returned an average of 11% when the election involved an incumbent (like Joe Biden in 2024).

This Stock Market Indicator Has Been 100% Accurate Since 1964. It Signals a Big Move in the 2nd Half of 2024.

Fortune

Get ready for a bonanza of rate cuts from the Federal Reserve that starts in a few months and extends all the way into next summer, according to analysts at Citi Research. In a note on Friday, the bank cited fresh signs of a slowing economy for its view that the Fed will trim rates by 25 basis points eight times, starting in September and extending to July 2025.

The Fed could slash rates by 200 points over 8 straight meetings as the economy heads for a sharper downtrend, Citi says

Since each I bond's rate adjusts every six months, roughly one in six current I bond holders will see their rate fall on Aug. 1. Because inflation has cooled, the latest I bond rate is approximately 1 percentage point lower than the last six-month rate. Our tables below show you...

Have I Bonds? Your Rate Could Drop a Percentage Point This Week

TheStreet

The central bank knows it has fairly won the inflation fight.

Fed meeting will reset what's next for interest rates

Markets Insider

The Fed should cut interest rates at its meeting this month, according to Goldman Sachs. Economist Jan Hatzius highlighted three reasons a rate cut makes sense this month rather than in September. The market sees a 100% chance of a rate cut in September, but only a 7%chance for a...

3 reasons the Fed should cut interest rates this month instead of waiting for September

Both Realty Income and AGNC look poised to benefit from anticipated interest-rate cuts. This could be a great opportunity to buy both of these high-yield stocks. Main Street, meanwhile, has been a strong performer over the years. These three stocks can help supplement your monthly income. Most dividend-paying companies in...

3 Stocks That Cut You a Check Each Month

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

UPI News

The U.S. stock market dipped Wednesday with the Nasdaq looking at its worst single-day loss since 2022.

U.S. stock market sees worst single-day loss in 2-year period

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

Overdue credit card bills are the highest they’ve been since the Federal Reserve Bank of Philadelphia started keeping track in 2012. The proportion of card balances that were more than 60 days past due, making them delinquent, topped 2.5% in the first three months of the year, according to a report published Wednesday. That’s more than double the lows seen in the third quarter of 2021, as pandemic-era federal stimulus money helped borrowers pay off their balances in full.

Overdue credit card balances hit their highest level in more than a decade

SoFi is adding members at a high rate, and they're increasing their adoption of its products. In its latest update, there were several signs of risk that spooked investors. SoFi stock is down almost 30% this year, creating an opportunity for investors. It's facing negative market sentiment, but that could...

Should You Buy SoFi Stock While It's Below $8?

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

It’s another busy week, with a Federal Reserve decision on interest rates and a host of big tech earnings testing the recent rotation out of the sector. Apple (AAPL) is reportedly not initially including its AI system in its September software update; McDonald's (MCD) misses second-quarter estimates on declining foot traffic; bitcoin (BTCUSD) is rising toward $70,000 after former president Donald Trump professed his support for cryptocurrencies at a weekend conference; Disney (DIS) has another hit movie as "Deadpool & Wolverine" records the biggest domestic opening this year; and Philips (PHG) is surging in premarket trading after a Q2 earnings beat. U.S. stock futures are gaining after shares closed sharply higher Friday on a recovery in the tech sector, strong earnings results, and encouraging inflation data. Here's what investors need to know today.

5 Things to Know Before the Stock Market Opens

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

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 Associated Press

TOKYO (AP) — Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world. The Federal Reserve, the Bank of England and the Bank of Japan are holding monetary policy meetings this week. Japan’s benchmark Nikkei 225 reversed earlier losses to rise 0.2% in...

Stock market today: Asian shares mostly fall ahead of central bank meetings

The Motley Fool

After Its 50-for-1 Stock Split Last Month, Here Are the Major Takeaways From Chipotle's Latest Earnings Call

Here’s a story that’s making waves in the retail world: Conn's HomePlus, a well-known discount furniture chain, has just filed for Chapter 11 bankruptcy. And the news isn’t just about numbers—it’s about real people and places, so let’s dive into what’s happening.

Another retail giant has just filed for Chapter 11 bankruptcy and is shutting down several stores.

NewsBreak

Top CD Rates Today, July 29, 2024 - 2 Days Left To Snag a Guaranteed 6% Until 2025

Today's leading rate is still a remarkable 6.00% APY, offered by Nuvision Credit Union for a 10-month term. But it's set to expire on July 31...

Top CD Rates Today, July 29, 2024 - 2 Days Left To Snag a Guaranteed 6% Until 2025

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