Coral Gables woman out more than $3,000 after scammers trick her using Zelle
CBS4's Ashley Dyer reports on a South Florida woman who was scammed started when she received a text message from scammers.
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MarketWatchWe’re in a bear-market rally and you can expect the June 2022 lows to be broken
The bear market for U.S. stocks may have ended at its mid-June low. A number of recent posts on social media have argued that the worst of the bear market is yet to come. The implication is that bear market losses tend to be “back-end loaded,” with bear markets ending with a crescendo rather than a whimper.
- Motley Fool
Why Tomorrow Could Be a Huge Day for the Stock Market
Early each month, the U.S. Bureau of Labor Statistics (BLS) releases the latest data for the Consumer Price Index (CPI), a benchmark tracking the price movement on a wide range of goods and services that people use every day. Investors monitor the CPI to gauge the current state of inflation, which has been at a 40-year high for most of the year and resulted in aggressive interest rate hikes by the Federal Reserve, which is trying to rein in the high prices currently plaguing the country. On Wednesday, BLS will release the data for how the CPI trended in July.
- American City Business Journals
Surpassing the threshold: Here are the incentive-based payouts top FedEx execs landed in FY 2022
FedEx's fiscal results were strong enough for its top leaders to receive annual incentive compensation (AIC) payouts.
- GOBankingRates
Food Stamps: What Is the Most Money You Can Make To Qualify?
In 2019, 35.7 million people relied on the Supplemental Nutrition Assistance Program (SNAP) to eat, according to the Annie E. Casey Foundation, but enrollment had been steadily declining since 2013....
- Zacks
Tesla (TSLA) Stock Split With Stock Dividend to Aid Share Price
Tesla (TSLA) announces a 3-for-1 stock split with a stock dividend effective on Aug 25. It will make the stock accessible to retail investors and might buoy its share price.
- Business Insider
'Dr. Doom' Nouriel Roubini warns the era of stagflation is here and central banks are setting a trap in trying to normalize policy
Central banks may find themselves in a "debt-trap" as they try to normalize monetary policies, the "Dr. Doom" economist said.
- Bloomberg
Micron’s Warning Adds to Evidence of Collapsing Chip Demand
(Bloomberg) -- Micron Technology Inc., the leading US maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoTrump Search Was Unprecedented, But Records Case Will Be ToughSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsChina Seizes on Pelosi Visit to Set ‘N
- Reuters
LNG traders absorb huge losses after supply outages
Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season. Unplanned disruptions at LNG plants in the United States, Nigeria and Australia have wrong-footed traders, including BP and Shell, forcing them to pay inflated costs for alternative supplies. In a market already struggling to meet global demand for natural gas after Russia sharply reduced pipeline supplies into Europe, the lost LNG cargoes which can be transported by ship, have pushed global prices sharply higher in recent months.
- Motley Fool
The Off-the-Radar Stock Warren Buffett Has Bought $62 Billion of in 4 Years
Despite investing more than $62 billion in this stock since 2018, you won't find it in Berkshire Hathaway's quarterly 13F filing.
- CoinDesk
Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze
The CEL token has gained about 300% since Celsius filed for bankruptcy last month.
- Fortune
What the ‘historic’ Inflation Reduction Act means for your bank account
Senate Democrats passed the Inflation Reduction Act. Americans could benefit from lower prescription drug and energy costs if the IRA becomes law.
- Insider Monkey
Billionaire David Tepper is Dumping These 10 Stocks
In this article, we discuss the 10 stocks that billionaire David Tepper is dumping. If you want to see more stocks that the billionaire discarded, check out Billionaire David Tepper is Dumping These 5 Stocks. David Tepper of Appaloosa Management told CNBC’s Halftime Report in October 2021 that the stock market condition depends on the […]
- Business Insider
Here's why the stock market is about to kick off a sustained rally into the end of the year, according to JPMorgan
"Earnings revisions are negative, and are likely to see a reset, but they will in our view experience only a modest pullback," JPMorgan said.
- MarketWatch
A surging stock market is on the verge of signaling a ‘huge’ move — but there’s a catch
The pace of the stock market's rise is nearing a magnitude that's presaged "huge" moves in the past.
- Fortune
‘I am quite embarrassed and remorseful’: SoftBank CEO plans widespread cost cuts as tech investments suffer, leading to a $23 billion loss
“When we were turning out big profits, I became somewhat delirious, and looking back at myself now, I am quite embarrassed and remorseful,” SoftBank’s CEO admitted at a press conference on Monday.
- TipRanks
Tesla Is Miles Ahead of the Competition, Says Analyst
If you really want to explore the inner workings of a car company, there can be no better way than to get on the factory floor. That’s just what Canaccord's George Gianarikas did when trying to see under the hood of Tesla (TSLA). The analyst took a tour of the Fremont factory and was “mesmerized by the factory's chaotic symphony and employee morale.” And given its limited size compared to the company’s other locations, Tesla’s ability to “push the boundaries” of what its first location can produ
- TipRanks
Daniel Ives sees plenty of reasons to stay bullish on tech stocks; Here are 2 names to watch
Sentiment can change fast on Wall Street. Rewind back to early May and a triple whammy of soaring inflation, a hawkish Fed and ongoing macro concerns had the stock market - and the tech segment in particular - staring into the abyss. Or as Wedbush analyst Daniel Ives puts it, there was a feeling on the Street that in Q2, the tech sector was going to have the "’rug pulled out from under’ with earnings set to fall off a cliff.” But not only has that not materialized, the June earnings season have
- MarketWatch
Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.
The core CPI reading, or measure which strips out volatile food and energy costs, could have the propensity to jolt markets after Wednesday's release.
- Yahoo Finance
Millennial net worth seemingly doubled since the start of COVID-19
Although the COVID-19 pandemic had devastating effects on the U.S. economy, one key demographic was able to benefit during that time: Millennials.
- Insider Monkey
10 Stocks That Will Suffer If China Invades Taiwan
In this article, we discuss 10 stocks that will suffer if China invades Taiwan. If you want to see more stocks in this selection, click 5 Stocks That Will Suffer If China Invades Taiwan. The United States has said on many occasions that it will retaliate against China if it decides to invade Taiwan, whereas […]