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This week’s most overbought stocks include several real estate names and a regional bank
A better-than-expected consumer inflation report led investors to buy rate-sensitive stocks such as REITs and industrials.
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JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.
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Here’s the deflation breakdown for June 2024 — in one chart
Prices have fallen for physical goods, gasoline, airfare and some grocery items like apples since June 2023, according to the consumer price index.
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Bank profits slide as people struggle with debt
JPMorgan set aside $3.1 billion to cover potentially bad loans, up sharply from a year earlier, as delinquencies climb among some Americans.
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Stunning tourist paradise marred by fatal plane crashes
The latest helicopter crash in Kauai came after a series of deadly accidents last year.
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In a striking reversal, Tesla CEO Elon Musk donates to Trump’s reelection bid
Musk has yet to publicly endorse a candidate in the 2024 race.
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Nearly 20 Democrats in Congress have called on Biden to quit race
President Joe Biden says there is no way he would reconsider remaining in the election against Donald Trump, short of polls saying he had no chance to win.
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AT&T’s massive data breach deepens crisis for Snowflake seven weeks after hack was disclosed
AT&T is the most high-profile company tied to Snowflake’s cyberattack that the company disclosed in May.
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Offenders to be released early to avert UK prisons crisis
Labour to shorten automatic release point for some prisoners from 50% to 40% of sentence