Some top money managers sold Nvidia stock during the first quarter, while reallocating capital to the iShares Bitcoin Trust. The recent approval of spot Bitcoin ETFs is bringing institutional investors like hedge funds and investment banks to the market. Bitcoin block subsidies were reduced by 50% in April 2024, and...

Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar Up to 5,655%, According to Certain Wall Street Analysts

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

Warren Buffett and his top investing aides have sold more than 90.4 million shares of BofA stock since July 17. Selling stock has been a common theme, with Berkshire Hathaway's brightest minds being net-sellers of equities for seven consecutive quarters. Buffett's avoidance of "casino-like behavior" strongly suggests that stocks are...

Warren Buffett's Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street

Kiplinger

Palantir Technologies and Sweetgreen were two notable gainers Friday, while Intel continued to fall.

Stock Market Today: Stocks End Wild Week With a Win

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?

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Multiple investment platforms, including Charles Schwab, Fidelity, Vanguard, Ameritrade, eTrade and Robinhood, reportedly went offline for a few hours beginning around 9 a.m. ET today. According to downdetector.com, reports spiked around 10 a.m. ET, with nearly 15,000 issues reported for Charles Schwab, 3,500 for Fidelity, 3,000 for Vanguard and 2,000 for Ameritrade.

Charles Schwab, Fidelity and Vanguard Among Investment Sites That Crashed This Morning

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

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The Motley Fool

The tech-centric index is taking a break from its relentless run, but some stocks in the Nasdaq have much further to climb, according to Wall Street.

2 Nasdaq Stocks to Buy Before They Soar as Much as 226% According to Select Wall Street Analysts

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Fox Business

Stock market analyst and author Robert Prechter says he believes the Federal Reserve will implement a rare emergency rate cut before its September meeting.

Legendary market watcher predicts surprise Fed rate cut

Florida State

Uncovering Florida

With hurricane season posing a consistent threat six months out of the year, who would not like a little help getting their home ready for the harsh weather to come? Senate Bill 7028: My Safe Florida Home Program, approved by Governor DeSantis on April 24, 2024, and effective as of July 1, appropriates a one-time total of $200 million from 2024 to 2025 for the purpose of funding hurricane mitigation grants and inspections, as well as outreach and administration costs, to support homeowners in Florida.

DeSantis Signs New Bill Giving $200 Million To Homeowners

The S&P 500, the index most widely used to reference the stock market, produced exceptional returns over the past 10 years. The performance comes despite two recent bear markets and a big decline in the index in 2018. Stocks remain an incredible opportunity to grow your wealth over the next...

Here's the Average Stock Market Return Over the Last 10 Years, and What Investors Can Expect Over the Next 10 Years

Markets Insider

When stocks have been this expensive in the past, painful downturns have reliably followed, Jeremy Grantham said.

Elite investor Jeremy Grantham warns stocks are poised to crash — and a recession seems inevitable

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

NBC News

Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices as an opportunity for tax savings and estate planning, according to wealth advisors. Private banks and wealth managers say their clients have been reducing their stock holdings...

Wealthy investors find opportunities in stock market sell-offs

Vivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss the state of the chips sector, what to make of the recent market sell-off and subsequent rebound, Nvidia's stock performance, and more.

Nvidia's fundamentals are still extremely strong, says BofA Securities’ Vivek Arya

M Henderson

Here's another recipe for fudge that's very easy to make. You can double it, or quadruple it, for more servings. 4 tablespoons cocoa or cacao powder (I like 2 tablespoons of each)

3-Ingredient Fudge

Reuters

NEW YORK (Reuters) - Hedge funds added bearish bets in Japanese stocks at the fastest pace in over five years for a week between Aug. 2 and Aug. 8, as the Nikkei on Aug. 5 faced the worst day for the index since Black Monday in 1987, Goldman Sachs said in a note on Friday.

Hedge funds pile into bearish Japanese stock bets, bank says

NewsBreak

Monday’s Stock Market Plunge Was Nothing

The S&P 500 isn’t even in correction territory yet. Monday’s volatility in financial markets was jarring, but not unusual. To be sure, seeing the SPDR S&P...

Monday’s Stock Market Plunge Was Nothing

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