Stephen Suttmeier, Bank of America Securities chief equity technical strategist, joins 'Squawk Box' to discuss the latest market trends, outlook for the rest of the year, and more.

The market is in a fairly strong position technically speaking, says BofA's Stephen Suttmeier

Fortune

After winning a legal battle against the SEC for Bitcoin ETFs, the asset manager Grayscale is facing an exodus of investor capital.

A Goldman Sachs and BlackRock vet is now CEO of crypto giant Grayscale. Is he up to the job?

In a recent episode of the Wealthion podcast, Joe McCann, the Founder, CEO, and CIO of the crypto hedge fund Asymmetric, sat down with Anthony Scaramucci, the Founder and Co-Managing Partner of global alternative investment firm SkyBridge Capital. Federal Reserve and Global Macro Environment. McCann began by sharing his thoughts...

“It’s Still My View That Solana Is the Fastest Horse in Crypto”, Say CEO of Crypto Hedge Fund Asymmetric

SmartAsset

Knowing when and how to exit a private equity investment can make the difference between realizing substantial gains or facing significant losses. Private equity investments are usually long-term commitments, and while they have the potential to give investors lucrative returns, they're also riskier than many other investments. Part of managing that risk effectively is choosing […] The post 6 Exit Strategies for Private Equity Investors appeared first on SmartReads by SmartAsset.

6 Exit Strategies for Private Equity Investors

The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into Bitcoin and to the crypto industry. So, this report takes a look at how much you would’ve made if you spent $100 buying BTC 14 years ago from today.

Here’s How Much You Would Have If You Bought $100 In Bitcoin 14 Years Ago

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

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

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio of uninsured deposits to total deposits.

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

The Citi Strata Premier℠ Card and Wells Fargo Autograph Journey℠ Card are top-notch travel credit cards with sub-$100 annual fees. Either option can make sense as a beginner travel credit card while offering higher redemption values if you maximize your rewards. With so many similarities between these credit cards, which makes the most sense for you?

Wells Fargo Autograph Journey vs. Citi Strata Premier: Which offers more valuable rewards?

Vice President Kamala Harris is calling for the forgiveness of medical debt for millions of Americans. People in the U.S. owe at least $220 billion in medical debt, a February KFF analysis found. Vice President Kamala Harris wants to forgive medical debt for millions of Americans. The economic plan Harris...

Harris wants to forgive medical debt for millions of Americans

Connected fitness company Peloton said it will start charging a one-time $95 activation fee for new subscribers that bought used hardware on the secondary market. The Bike and Tread maker said the secondary market is an "important source" of new members. Trade My Stuff, a startup that sells used Peloton...

Peloton to start charging subscribers with used equipment $95 activation fee

Dallas, TX

A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers' rivals or launch competing businesses. U.S. District Judge Ada Brown in Dallas said the FTC, which enforces federal antitrust laws,...

Judge strikes down Biden administration ban on worker 'noncompete' agreements

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

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

Georgia State

The Current GA

A state Supreme Court’s decision reversing a lower court’s ruling that a private contractor was exempt from the Georgia Open Records Act is being hailed as a win for open government.

State Supreme Court rules Open Records Act applies to private contractors working for governments

'Mad Money' host Jim Cramer takes a look at the Fed's next move and the state of the consumer.

We have to rethink how strapped the consumer really is, says Jim Cramer

Denver, CO

The Denver City Council accepted Monday two grants totaling $24.5 million from the state of Colorado to pay for the homeless navigation campus it opened last year. One council member wants answers as to why wraparound services at the campus aren't up and running.

Denver homeless hotel wins $24.5 million grant, experiences wraparound services delay

Fidelity actively participates with 176,626 BTC held, emphasizing strong institutional engagement in the cryptocurrency market. Predictions suggest Bitcoin ETFs might hold more than Nakamoto as early as October 2024 due to rapid acquisition rates. U.S.-based Bitcoin ETFs are approaching a pivotal moment where they might soon hold more Bitcoin than...

BlackRock and Fidelity Are Hoarding Bitcoin: Could They Control the Future of Crypto?

The Associated Press

SAN FRANCISCO--(BUSINESS WIRE)--Aug 20, 2024-- Wells Fargo & Company (NYSE: WFC) today announced it has entered into a definitive agreement to sell the non-Agency third-party servicing segment of its Commercial Mortgage Servicing (CMS) business to Trimont. The transaction is expected to close in early 2025, subject to satisfaction of customary closing conditions. Wells Fargo will continue servicing Agency/government-sponsored enterprise (GSE) loans and loans held on its balance sheet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240819273164/en/ (Photo: Wells Fargo)

Wells Fargo Enters into Agreement with Trimont to Sell the Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business

Health-care marketplace Sesame announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk’s blockbuster obesity drug Wegovy for $249 per month. The company said it is adding compounded semaglutide — the active ingredient in Wegovy and the diabetes injection Ozempic —...

Health-care marketplace Sesame to offer compounded versions of Wegovy through new $249 weight loss program

NewsBreak

It's a ‘relatively good’ environment for risk assets, CIO says

Tom Caddick, chief investment officer at...

It's a ‘relatively good’ environment for risk assets, CIO says

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