Columbus, OH

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. A Treasury readout described the two sides as "exchanging letters in support of coordination." The agreement was part of a meeting of the U.S.-China Financial...

U.S., China sign agreement to cooperate on financial stability

Las Vegas, NV

Zoreen Kabani always assumed she'd go into a traditional professional field. The 37-year-old's family immigrated from Pakistan to California when she was 14 and those were the paths she knew. In Pakistan, the cultural expectation is "you either are in finance or you're an engineer or you're a doctor," she says.

37-year-old went from working in finance to bringing in more than $100K a month selling clothes

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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

San Francisco, CA

CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

CNBC TechCheck Evening Edition: August 20, 2024

Bennington, VT

Small-town residents are longing for new food options, and Chipotle's successful playbook is leading it and other other fast-casual restaurant chains, including Cava and Panda Express, to eye more stores in rural America. Covid dealt a death blow to independent diners, leaving an opening for national operators in towns where...

From Chipotle to Cava and Panda Express, more big restaurant chains are rapidly expanding into small town America

Seattle, WA

Newport Beach, CA

Newly appointed Starbucks CEO Brian Niccol won't be required to relocate to the company's headquarters in Seattle when he joins the coffee giant next month. Instead, Starbucks says Niccol can live in his home in Newport Beach, California and commute to Starbucks' head office 1,000 miles away on a corporate jet, according to the new CEO's offer letter, which was made public in an SEC filing last week.

Starbucks' new CEO will supercommute 1,000 miles from California to Seattle office instead of relocating

There are many reasons to celebrate the BlackRock Flexible Income ETF (BINC). The actively managed multisector ETF launched less than 15 months ago. It is already approaching $4 billion in assets. It’s also now among the larger active fixed income ETFs joining products from Fidelity, JPMorgan, and PIMCO. BINC...

Golden Age for Fixed Income at BlackRock

The stock market is currently exhibiting stability and optimism, with anticipation building around the upcoming address by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium on Friday. The speech is poised to play a crucial role in shaping market expectations regarding potential future rate cuts. Suggested Reading.

Expect Jerome Powell to sound 'confident' about inflation in his Jackson Hole speech, Goldman Sachs says

Kristina Hooper, Invesco chief global market strategist, and Jay Barry, JPMorgan co-head of interest rate strategy, join 'Squawk on the Street' to discuss the market's current levels, the sentiment behind the market's recent correction, and what to expect from the Federal Reserve this week.

Markets not near a base case of recession despite cracks forming in consumer, says Invesco's Hooper

Missouri State

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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

Florida State

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Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. : "Datadog is a hugely fabulous company, and there were people who were trying to buy it for $20 billion before it ever became public. My problem is that it's just the definition of enterprise software...there's too many people in that business, so I am going to have to reiterate, I don't trust it yet, but it is a very good company."

Cramer's Lightning Round: KKR is a 'really great company'

Business Insider

These are today's mortgage and refinance rates. Rates are trending down, following weak labor market data for July and a rough stretch for the stock market.

Mortgage Interest Rates Today, August 7, 2024 | 30-Year Rates Drop Below 6%

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

Boeing said it grounded its fleet of four 777X test fleet after finding damage in one of the jetliner's structures. It wasn't immediately clear whether the problem will delay deliveries of the new wide-body jets, scheduled to start in 2025. The planes are already years behind schedule and were originally...

Boeing pauses tests of 777X aircraft after finding damage to one of the jets' structures

Georgia State

Arizona State

Palm Springs Tribune

In an effort to target traditional Republican voters who are not part of the MAGA movement, the Harris campaign has announced the “Republicans For Harris” movement. The group has secured key endorsements from some high ranking republicans with a notable array of former Trump White House officials, including Stephanie Grisham and Olivia Troye. The group also includes former Secretaries Chuck Hagel and Ray LaHood, as well as former Governors Jim Edgar, Bill Weld, and Christine Todd Whitman. Additionally, it boasts support from former U.S. House members such as Rod Chandler, Tom Coleman, Dave Emery, Wayne Gilchrest, Jim Greenwood, Adam Kinzinger, John LeBoutillier, Susan Molinari, Jack Quinn, Denver Riggleman, Claudine Schneider, Christopher Shays, Peter Smith, Alan Steelman, David Trott, and Joe Walsh. Former GOP State Chair and State Senator Chris Vance is also among the endorsers, along with many others.

Republicans For Harris Group Launches While Trump Insults Key Georgia Republican

NewsBreak

Japan's Nikkei leads gains in Asia as investors assess RBA minutes; China holds benchmark rates

China's central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively, in line with expectations. Minutes of the Reserve Bank...

Japan's Nikkei leads gains in Asia as investors assess RBA minutes; China holds benchmark rates

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