Columbus, OH

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

The US Sun

AMERICANS have the opportunity to claim a one-time payment from a billion-dollar class action settlement. Visa and Mastercard agreed pay $5.6 billion after consumers paid excessive fees to accept their payment cards. The lawsuit alleged that Visa and Mastercard violated the antitrust laws. Antitrust laws also referred to as competition laws, are statutes developed by […]

Americans to receive one-time payment from $5.6 billion Visa Mastercard settlement – and the deadline has been extended

PYMNTS

MercadoLibre has filed a complaint with Argentina’s competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company’s FinTech arm, Mercado Pago. In its legal complaint filed with the country’s National Commission in Defense of Competition, MercadoLibre accused the banks of “illegally concentrating” under one...

MercadoLibre Targets Banks in Complaint With Argentina’s Competition Regulator

According to The Sun, Current and former Bank of America (BOA) customers with consumer checking or savings accounts may be eligible to benefit from a $21 million class-action settlement, which claims that the bank’s wire transfer fees violated account agreements. Customers have until September 21 to exclude themselves or...

Bank of America Customers Eligible for $21 Million Settlement Over Wire Transfer Fees

Reuters

NEW YORK (Reuters) -Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and palladium prices.

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

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

Coffee County, GA

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Daily Coffee Press

Last week, two individuals from Coffee County were charged with trafficking methamphetamine following a search at a residence on Willacoochee Highway. On August 13, detectives with the Coffee County Drug Unit conducted an operation involving Charles Black, which led to a search of his residence on Willacoochee Highway. According to the report, Black left his residence before the warrant was served and was subsequently detained.

Two Charged with Trafficking Methamphetamine After Search in Coffee County

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

Markets Insider

Gold jumped past $2,500 an ounce on Friday, reaching a new high. The metal is rallying on bets the Fed will soon cut rates.

Why gold prices just hit a record

If you can’t pay the fine, don’t (allegedly) do the crime. Regulators are intensifying their focus on two major financial institutions, and potential fines stretching into the billions of dollars may become some of the heftiest levied in the wealth management and banking sector this year. The Securities and Exchange Commission sent a Wells notice last week to a top executive at the $1.5 trillion Franklin Templeton network over discrepancies in trade allocations. In a separate case, the Justice Department, the Treasury, and other regulators are investigating TD Bank over alleged widespread money laundering and other infractions at several of its US branches.

Franklin Templeton, TD Bank in Regulators’ Crosshairs

Silver’s value has recently dipped to approximately $29.09, contrasting with the strengthening US dollar and a boost in market confidence due to diminishing fears of a harsh US recession. This trend is pushing investors to reassess their strategies, especially those who invested heavily in silver as a secure option.

Silver dip prompts investor strategy reassessment

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

There is talk of an emergency rate cut from the Fed following Monday's market meltdown, as Japan recovered most of its losses on Tuesday.

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed

Georgia State

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

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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

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook. The most important economic data for this week are: Preliminary German inflation, US GDP, EU Flash inflation, US PCE index, NBS manufacturing PMI.

Weekly data: Oil and Gold: Price review for the week ahead.

Citi has filed a counterclaim against its former employee, Kathleen Martin, alleging she was fired for being unable to fulfill her role rather than refusing to fudge records needed by the Office of the Comptroller of the Currency, as she said in her lawsuit in May. Martin, who was terminated...

Citi fired whistleblower for underperformance, bank says

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

Oil prices fell on Wednesday after the U.S. government revised significantly lower the number of jobs added in the year to March, pressuring investor sentiment. U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Wednesday. "The market is now going...

U.S. crude oil falls below $72 per barrel as jobs growth revised lower

For the week September corn was down 6 ¼ cents, December corn was 2 ½ cents lower, September soybeans lost 50 cents, November soybeans fell 45 ½ cents, September soybean meal dropped $8.30 per short ton, September soybean oil plunged 247 points, September Soft Red Winter wheat lost 12 ½ cents, September Hard Red Winter wheat fell 14 ¼ and September Hard Red Spring wheat gained 5 cents.

How Did Corn and Soybean Prices Get This Low? What is Only About Yield?

NewsBreak

Banks and BASF to Pay $20M in Platinum Price Fixing Settlement

Goldman Sachs, BASF, HSBC, and ICBC Standard Bank have agreed to a $20 million settlement to resolve a long-standing platinum price-fixing antitrust lawsuit. The settlement addresses...

Banks and BASF to Pay $20M in Platinum Price Fixing Settlement

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