Author: arthursheikin@gmail.com

[ad_1] The Federal Reserve is in a holding pattern on interest rates – and some banks are similarly keeping a steady hand on yields for certificates of deposit. In June, average CD rates were relatively unchanged on the month, according to a July 7 report from Morgan Stanley. The highest average CD rate among the banks in the firm’s coverage ticked up 1 basis point to 3.94%. The average rate on one-to-12-month CDs inched higher by 1 basis point to 3.9%. One basis point equals one one-hundredth of a percent, or 0.01%. Earnings calls from banks should shed some light…

[ad_1] 2025-07-15T19:16:19Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The Trump administration is fine with Nvidia selling chips in China. Commerce Secretary Howard Lutnick says the best chips will stay within the US. Nvidia announced that it has received assurances it can resume selling its H20 chip in China. The Trump White House says it’s content to allow Nvidia to…

[ad_1] Ritholtz Wealth Management CEO Josh Brown had good things to say about JPMorgan and Citigroup following the financial institutions’ earnings reports on Tuesday. Brown joined CNBC’s “Halftime Report” to discuss the two banks after both beat Wall Street estimates. Here’s what he had to say about each name: Citi While Brown said he doesn’t own Citigroup, he did acknowledge that the stock looks “outstanding” from a technical perspective. Brown pointed out that the company said it expects $84 billion in revenue for the full year, which was at the high end of its guidance. Shares rallied more than 4%…

[ad_1] 2025-07-15T18:40:44Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Designer purses from Miu Miu, Dior, and The Row have been everywhere this year. If you want to stand out, though, brands like Alaïa and Ralph Lauren have alternative options. You might also want to consider Chloé and Schiaparelli, which make statement pieces. Like clockwork, a new batch of designer purses…

[ad_1] 2025-07-15T18:19:25Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. McDonald’s Snack Wraps are back on menus after being discontinued in 2016. Popeyes offers its own version of the iconic wraps. I compared both chains’ chicken wraps and was torn about which wrap was most worth ordering again. The Snack Wrap is officially back after years of anticipation.McDonald’s Snack Wraps returned…

[ad_1] Two weeks ago, my wife and I finally gave in and bought our twin boys iPhones. My wife’s sister has three older daughters in high school and college and she insisted that we look into the app Life360 . She proclaimed that the app is a must have for pre-teens and teens and many parents use it. So, we signed up. One week in, I cannot remember a time when software so quickly integrated into our lives. I started studying the company and found that it was publicly traded, and the technicals and fundamentals look great. I added the position…

[ad_1] Thinking Machines Lab, the AI startup founded by OpenAI’s former chief technology officer Mira Murati, officially closed a $2 billion seed round led by Andreessen Horowitz on Monday, a company spokesperson told TechCrunch. The deal, which includes participation from Nvidia, Accel, ServiceNow, CISCO, AMD, and Jane Street, values the startup at $12 billion, the spokesperson said. Several outlets reported in June that Thinking Machines Lab was close to closing this $2 billion funding round at a $10 billion valuation, but, apparently, that valuation has shot up in the last month. The deal marks one of the largest seed rounds…

[ad_1] The labor market is rocky, costs are climbing, and uncertainty hangs over the economy. Yet consumers and businesses are showing few signs of strain — at least according to some of Wall Street’s biggest banks.Bank earnings season kicked off Tuesday with JPMorgan Chase and Citi reporting strong consumer spending and borrowing, and unexpected jumps in fees tied to M&A and other investment banking activity.”We continue to struggle to see signs of weakness,” JPMorgan’s chief financial officer, Jeremy Barnum, said in a Tuesday conference call to discuss the results. The consumer “basically seems to be fine,” he added. The comments…

[ad_1] As publishers fret about decreased traffic from Google, the search giant has begun rolling out AI summaries in Discover, the main news feed inside Google’s search app on iOS and Android. Now, instead of seeing a headline from a major publication, users will see multiple news publishers’ logos in the top-left corner, followed by an AI-generated summary that cites those sources. The app warns that these summaries are generated with AI, “which can make mistakes.” Image Credits:Google The feature is not yet appearing for all news stories within the Google app. In tests, TechCrunch was able to view the…

[ad_1] As earnings season kicks off in earnest, Goldman Sachs warns that investors should stay away from certain names. This week is a big one for second-quarter earnings, with 35 stocks in the S & P 500 — or around 7% of the index — on the docket to report their latest results. The big banks — including JPMorgan , Citigroup , Wells Fargo , BlackRock , Bank of America , Goldman Sachs and Morgan Stanley — are on the schedule. This week’s headliners also include Johnson & Johnson , United Airlines , PepsiCo , Netflix and 3M . Earnings…