Intel shares tumbled Monday, extending losses after the chipmaker posted disappointing quarterly results last week and announced layoffs to cut costs. Goldman Sachs analysts questioned whether Intel's cost-cutting plan will be enough to drive a recovery. Analysts at Baird said "formidable hurdles remain," anticipating Intel's cost challenges will carry into...

Intel Stock Extends Losses as Analysts Say Chipmaker Faces 'Formidable Hurdles'

Kiplinger

It was a risk-on day for stocks thanks to an upbeat inflation reading and impressive earnings from 3M and Deckers.

Stock Market Today: Dow Adds 654 Points as 3M Stock Explodes Higher

TheStreet

Global stocks are melting down. Here's five reasons driving the tech-led Black Monday.

Black Monday on Wall Street: 5 reasons stocks are plummeting

Cybersecurity firm Fortinet topped quarterly sales and profits, boosted by record operating margins, and its shares skyrocketed. Fortinet maintains a strong position in the Secure Access Service Edge (SASE) market. Jefferies analysts increased their price target on Fortinet stock, citing its margin expansion. Fortinet (FTNT) shares took off Wednesday after...

Fortinet Stock Jumps 25% After Strong Earnings, Leading S&P 500 Gainers

24/7 Wall St.

24-7 Wall Street Insights Small-cap stocks are showing signs of breaking out of a bear market that has lingered since 2022. The Russell 2000 is the primary benchmark index for tracking small-cap companies. Investors interested in investing in the Russell 2000 Index can invest in ETFs with accurate tracking of the index and historically solid […]
The post Index Funds With 40% Upside in 1 Year According to Wall Street Expert appeared first on 24/7 Wall St..

Index Funds With 40% Upside in 1 Year According to Wall Street Expert

Primis Bank is offering a remarkable fee-free checking account that pays 6.00% APY. That outdoes even the best CDs and high-yield savings accounts, which currently max out at 5.50%. Primis' 6.00% Novus Checking rate is available to new customers who set up a monthly direct deposit of at least $1,200.

This Checking Account Pays 6.00%—And It’s Guaranteed for 6 Months

Uber shares jumped Tuesday after the company's second-quarter earnings came in well above analysts' expectations. Gross bookings rose 19% year-over-year, while profits more than doubled to $1.02 billion. JPMorgan analysts said Uber's stock buyback plan that started during Q2 should "ramp" over the next several quarters. Uber (UBER) stock jumped...

Uber Stock Jumps as Q2 Profits More Than Double

Following the success of spot bitcoin ETFs at the start of 2024, the U.S. Securities and Exchange Commission (SEC) approved nine spot ether ETFs for trading on July 23, 2024, giving everyday investors another opportunity to diversify into cryptocurrency. With the launch of these spot ETFs, investors can now take advantage of Ethereum’s volatility in a convenient and regulated manner without the hassle of setting up crypto wallets and accounts.

Where to Buy the New Spot Ether ETFs in 2024

Denver, CO

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David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Chicago, IL

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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?

Major U.S. indexes moved into negative territory Wednesday afternoon, disrupting the stock market's recovery from the steep losses recorded earlier in the week. The S&P 500 and Nasdaq Composite were down 0.5% and 0.7%, respectively, while the Dow Jones Industrial Average dropped 0.6%, a sharp reversal from the big gains seen early in Wednesday's session. On Tuesday, the indexes snapped a three-session streak of big losses stemming from sharp declines in big-name technology stocks and rising investor concerns about the health of the U.S. economy.

Dow Jones Today: Major Indexes Move Lower as Chip Stocks Slide; Nvidia Down 4%

A federal judge signed off on the bankruptcy of the former owner of the failed Silicon Valley Bank, SVB Financial Group. However, Judge Martin Glenn agreed with the FDIC as it rejected claims by SVB Financial Group that regulators should return $1.93 billion in deposits seized when the bank collapsed.

Former Owner of Collapsed Silicon Valley Bank Gets Bankruptcy Approval

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Declutterbuzz

More and more people are warming up to the idea that decluttering your physical possessions goes hand-in-hand with decluttering your mind aka mental clutter. The following is how a clear mind will help your decluttering goal.

How A Clear Mind Will Benefit Your Decluttering Goal

XRP seems ready to extend recovery and net an extra 10% gain. However, there was still overall market caution as sell pressure was still present. Ripple [XRP] looks set to reverse some of its recent losses after bouncing from a crucial high-time frame chart demand level above $0.4. Between the...

XRP price prediction: XRP eyes 10% gain as it rebounds from key level

960 The Ref

Wall Street pointed sharply higher Wednesday as anxiety about a softening U.S. economy took a back seat to another trove of mostly strong corporate earnings reports. Futures for the S&P 500 jumped 1% and futures for the Dow Jones Industrial Average rose 0.8%. Futures for the technology-heavy Nasdaq were up 1.3%.

Wall Street heads for second straight day of solid gains in a whipsaw week

Though the Federal Reserve has held interest rates steady for a year, it appears ready to start cutting rates next month. Since CDs offer an extended rate promise, banks and credit unions tend to lower their rates on new CDs as soon as they feel confident the Fed will cut rates—without waiting for an official Fed announcement.

Will a Looming Fed Rate Cut Push Savings and CD Rates Lower in August?

The 30-year average mortgage rate fell again Monday, to 6.28%. A seven-day decline has pushed the average down to its lowest level since spring 2023. Averages for most other mortgage rates also dipped lower Monday. National Averages of Lenders' Best Mortgage Rates. Loan Type New Purchase. 30-Year Fixed 6.28%. FHA...

Mortgage Rates Plummet to Lowest Level in 16 Months

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Nvidia shares tumbled Monday after reports that its Blackwell artificial intelligence (AI) chips will be delayed, amid a global sell-off driven by worries about the U.S. economy. The Blackwell chip will be delayed by at least three months due to design flaws, The Information reported. The delay would affect Amazon,...

Nvidia Stock Plummets on Reported Delay of Its New AI Chip Amid Global Sell-Off

Bitcoin has managed to reclaim the $56,000 level, but uncertainty continues to persist. Bitcoin, the leading cryptocurrency, surged to an intraday high of $56,277 earlier this Tuesday, according to Bitstamp data. The cryptocurrency has recovered in tandem with global stock markets. Japan's flagship Nikkei index 225 jumped sharply higher earlier...

Bitcoin Bulls Back on Track as Japanese Stocks Recover

NewsBreak

Watch These SOXX ETF Price Levels Amid Heighted Chip Sector Volatility

The iShares Semiconductor ETF dropped nearly 3% on Wednesday amid heightened volatility within the chip sector after Monday’s global stock market selloff. The fund has fallen...

Watch These SOXX ETF Price Levels Amid Heighted Chip Sector Volatility

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