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Sep 16 2024BUSINESS

Goldman Sachs' Economic Outlook: A Recipe for Divided Expectations

Good morning, readers! Here's what you need to know today: Goldman Sachs believes a Kamala Harris presidency, with a Democratic-controlled House and Senate, is the best-case scenario for the economy. Nvidia stock is experiencing a turbulent week, with its founder Jensen Huang losing $10 billion du

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Sep 15 2024POLITICS

Disrespect on Sacred Ground: Trump Campaign's Political Stunt?

As we read about the recent altercation between the Trump campaign and Arlington National Cemetery staff, it's essential to start by asking the most critical question: what is the true purpose of this political stunt? Vice President Kamala Harris accused the Trump campaign of disrespecting a sacred

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Sep 15 2024SPORTS

The Golden Touch: Dennis Rodman's Daughter Shines as Team USA Wins Olympic Gold

The electrifying atmosphere at the Rodman household must be palpable right now. After all, Trinity Rodman, daughter of NBA legend Dennis Rodman, has just helped the U.S. women's national soccer team clinch their first Olympic gold medal in 12 years. But what does this victory mean for Trinity, and w

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Sep 15 2024BUSINESS

Morgan Stanley's Game-Changing Move: The Rise of Bitcoin ETFs

The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises importa

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Sep 15 2024SPORTS

The Power of Unconditional Love: Alec Ingold's Journey to NFL Success with His Foster Parents

Alec Ingold's story is a testament to the transformative power of adoptive parents. Born in 1996, Ingold was adopted by Pat and Chris Ingold at birth, and his journey to becoming one of the top fullbacks in the NFL is a direct result of their unwavering support and love. But what makes Ingold's stor

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Sep 15 2024FINANCE

Will the Golden Cross Pattern Prove to be a Beacon of Hope for Investors?

The stock market has been on a wild ride in recent months, with August's global market rout followed by a September slump. Amidst this volatility, CNBC Pro screened FactSet for stocks forming or approaching a golden cross pattern, a chart indicator that suggests a potential breakout. Of the three na

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Sep 15 2024ENTERTAINMENT

Red Carpet Rush: The Stars Shine at Emmy Parties

The Emmy Awards season is upon us, and the excitement is palpable. The anticipation builds as the nominees and winners alike take center stage, ready to celebrate their hard work and dedication to their craft. But before the big night, the stars gathered to mingle and make merry at a series of exclu

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Sep 13 2024POLITICS

Harris vs. Trump: A Battle of Economic Wits

The first presidential debate between Kamala Harris and Donald Trump was filled with memorable moments, but one exchange stood out for its economic significance. When asked about the state of the American economy, Harris and Trump engaged in a heated discussion, with Harris highlighting the flaws in

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Sep 11 2024BUSINESS

Goldman Sachs Takes a Hit, But What's Its Next Move?

Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has

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Sep 11 2024FINANCE

Goldman Sachs' Consumer Banking Experiment Ends with a $400 Million Loss

Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2

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