The Associated Press

Japanese stocks led the gains in World markets Friday after Wall Street rallied to one of its best days of the year as data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. European markets were mostly higher. Germany’s DAX...

Global markets higher with Japan stocks surge over 3% after US retail data boosts Wall Street

Fox Business

The U.S. has surpassed China on the Fortune Global 500 list for the first time since 2018, showcasing 139 companies to China's 133 companies.

US beats out China for most companies on Fortune's Global 500 list

David Riedel of Riedel Research Group says Beijing needs to be "very focused on domestic strength" as the country can no longer count on an export-led recovery.

Diversification of supply chains is 'holding back' China's economic recovery: David Riedel

This stock has crushed the broader S&P 500 since its IPO in 1981. A much larger store base has helped generate significantly greater revenue and earnings. Despite a slowdown, demand should pick up and be healthy for several years into the future. This dominant company has done a fantastic job...

1 Stock That Turned $1,000 Into Nearly $30 Million

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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

Findings from the newly released Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that as consumers continue to await interest rate relief in the form of rate cuts, credit products continue to serve to bridge the financial gaps that may exist in many household budgets.

Anticipating Fed Interest Rate Cuts, Consumers Reportedly Continue to Use Existing Credit, Gain Access to New Lines

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

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

Vice President Kamala Harris will propose the first-ever federal ban on "corporate price-gouging" in the food industry, her campaign announced. Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers. The ban is part of a...

Harris to propose federal ban on 'corporate price-gouging' in food and groceries

While a recession hasn't technically been declared in the U.S., roughly 3 out of 5 Americans believe the U.S. is experiencing one, according to a survey by Affirm. An analysis by Bankrate found that consumer confidence in the economy has averaged nearly 28 percentage points lower during President Joe Biden's term compared to former President Donald Trump's time in office. So why does the U.S. economy feel so recession-like for the average consumer despite all the positive data?

Why it feels like the U.S. is in a recession

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

Simeon Hyman of ProShares Advisors discusses whether the markets can continue to scale new highs now that inflation and recession worries appear to be easing.

Hyman: The best thing investors have going for them right now is bonds aren't broken anymore

Bank of America (BAC) chief Brian Moynihan said the bank’s research team “does not have any recession predicted anymore,” even as fears about the health of the U.S. economy continue to rise. Suggested Reading. This time last year the bank had priced in a recession, but that’s...

The much-feared American recession isn't coming, Bank of America chief says

As you approach retirement, a threat, known as the "sequence of returns" risk could jeopardize your portfolio. The issue stems from poor investment returns paired with withdrawals, particularly earlier in retirement, which can shrink your nest egg over time. However, you can minimize the risk via portfolio diversification, fixed-income allocations...

As you near retirement, this overlooked risk can 'make or break' your portfolio, advisor says

More than a week into Ukraine's surprise incursion into Russia's Kursk region and the gains made have likely exceeded even Kyiv's highest expectations. Ukrainian forces now occupy more than 1,000 square kilometers of Russian territory and have captured 74 settlements, Ukraine's top military commander Oleksandr Syrskyi said. Moscow has yet...

Ukraine must decide how its Russian incursion ends — advance further or retreat before it's too late

'Mad Money' host Jim Cramer weighs in on stock including: Global Foundries, Sentinel One, Clorox, Google, and Ferrari.

Lightning Round: I'm a buyer of Clorox, says Jim Cramer

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year.

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

CBS DFW

A highly-dreaded U.S. recession is no longer in the works, according to Bank of America CEO Brian Moynihan. The nation's second-largest bank is not predicting an economic downturn "anymore," Moynihan told CBS' Margaret Brennan on "Face the Nation" Sunday. "Last year, this time, it was a recession," he stated. "This year we talked about now there's no recession."BofA's latest prediction suggests the Federal Reserve's efforts at taming inflation while keeping the U.S. economy afloat are working. Consumer spending has softened, Moynihan said, citing the lender's vantage point of having a customer base of 60 million. People in July and August spent at...

Bank of America no longer forecasts a U.S. recession in 2024

NewsBreak

China's new loans hit a 15-year low, but investors 'should not panic'

New loans in the world's second-largest economy came in at only 260 billion yuan ($36.28 billion), plunging 88% from a year ago and missing expectations of...

China's new loans hit a 15-year low, but investors 'should not panic'

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