24/7 Wall St.

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
The post Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar appeared first on 24/7 Wall St..

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

JetBlue Airways (JBLU) isn’t letting bad credit stop it from loading up on debt. Bloomberg reports that the company is preparing to take on $2.75 billion in new obligations as it continues to chart its course following its abandoned merger with Spirit Airlines. Suggested Reading. Neither credit ratings agencies...

JetBlue just unleashed $2.75 billion worth of disappointment

The Independent

 The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business. “While inflation is down, prices are still high, and...

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

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

Parking tickets are the latest vector for scammers to empty out bank accounts from New York to Southern California. Calgary became the latest North American city to address the growing trend of fake tickets on Tuesday. The Canadian city’s parking authority advised drivers to destroy fake tickets that are cropping on windshields and not to attempt to pay those fines.

Bank accounts are being emptied thanks to scammers using fake parking tickets

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

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?

Tesla (TSLA) is big on dynamically changing its pricing, raising or lowering costs to boost sales or extract more profit as the company needs. It also has a history of scrapping the base models of its vehicles after advertising their accessibility with a low introductory price. Now, it seems the company has put the two together, and cut out the Cybertruck’s base trim while raising the price of all others by $20,000.

The lowest-priced Cybertruck is now $100,000

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

The Weekend Brief offers analysis and insights on one big news item of the week, delivered only to Quartz members. It’s widely accepted at this point that we Google things, we don’t search them. The company that made its brand name the accepted nomenclature for finding all the...

Server Error: Google’s antitrust loss is big tech’s biggest disruption

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

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

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Markets Insider

US stocks were down to start the week, with traders looking ahead to a slew of new data including consumer inflation and retail sales for July.

Stock market today: Indexes slide to start heavy week of new economic data

Elon Musk and the company that made him a household name have been at odds recently. There was the pay package debacle, the time Musk threatened to take the AI wing and leave, his recent weird waffling over climate change — Musk and Tesla (TSLA) are far from seeing eye to eye. Now, that even extends to preferences in political action, according to Reuters:

Elon Musk's political views won't help Tesla

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

North Carolina State

Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

CBS News

The great inflation spike of the past three years is nearly spent - and economists credit American consumers for helping to slay it.  Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive.Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business.  "While inflation is down, prices are still high,...

Consumers saying "enough's enough" is helping to tame inflation

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

NewsBreak

Walmart, Alibaba earnings and inflation data incoming: What to watch in the market this week

The stock market experienced surprises and rollercoaster rides last week. After massive selloffs, it quickly recovered, easing the debate about a potential recession. With that, all...

Walmart, Alibaba earnings and inflation data incoming: What to watch in the market this week

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