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Earnings Outlook: Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates

JPMorgan Chase, Wells Fargo, and Citi kick off bank earnings updates Friday after a choppy quarter of the bank blow-ups, Fed stress tests and weak stock prices.

: Megan Rapinoe may be retiring, but her story ‘is not done yet’, says U.S. Soccer chief

Megan Rapinoe, currently preparing for her fourth World Cup, will retire at the end of the National Women’s Soccer League season.

: Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads

For the second time in two weeks in L.A., housekeepers, cooks, dishwashers and other hospitality workers have walked off the job.

Crypto: Bitcoin to reach $50,000 by year-end, but top $100,000 by end of 2024, says Standard Chartered strategist

Bitcoin’s price is likely to reach $50,000 by the end of this year and has upside above $100,000 by the end of 2024, according to Geoff Kendrick, head of crypto research at Standard Chartered Bank. 

: As money-market funds swell, critics say fat yields are taxpayer subsidized

Money-market funds are attracting investor interest like never before, but regulators worry that they are riskier than many investors realize.

Bond Report: 2-year Treasury yield slips to almost two-week low ahead of Wednesday’s CPI data

2- through 10-year Treasury yields end lower on expectations that the next major U.S. inflation report may show signs of easing price pressures.

Living With Climate Change: What exactly are flash floods, like those hitting New York this week?

Flash foods — potentially more dangerous than generalized flooding — have picked up within our weather and disaster parlance as climate change is scrutinized.

: Nikki Haley’s campaign says it raised $7.3 million in second quarter

Republican presidential hopeful Nikki Haley says she raised $7.3 million in the second quarter.

Economic Report: Consumers slam on brakes on borrowing in May

Total consumer credit rose $7.3 billion in May, down from a revised $20.3 billion gain in the prior month, the Federal Reserve said Monday.

The Margin: Want 30 vacation days a year? Live in France.

The U.S. is one of the few countries that doesn't mandate paid vacation time

The Tell: Labor is ‘too hot’ for Fed, Stifel’s Bannister says. These industries hold the ‘defensive’ stocks in case of a recession.

Stifel's Barry Bannister suggests a potential economic downturn in early 2024.

The Tell: S&P 500 could surge 100 points this week on inflation data, says Fundstrat’s Lee

Just as investor faith in the 2023 market rally starts to wobble, Fundstrat's Tom Lee is back with a new bullish call.
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