Customers tend to gripe over changes in fees. One of the biggest complaints comes from banks, where there are additional fees for just about everything. Don't want to pay an ATM fee? Some banks, faced with the high costs of employing tellers, have started to think about teller fees.
 | |  Good morning. Customers tend to gripe over changes in fees. One of the biggest complaints comes from banks, where there are additional fees for just about everything. Don't want to pay an ATM fee? Some banks, faced with the high costs of employing tellers, have started to think about teller fees. That's on top of the low interest rates that depositors receive today.
Of course, everything is a two-way street. While banks are looking to raise fees to offset potential declines in interest rates, data on bank fines to the government in the 11 years since the financial crisis shows that these banks have paid over $243 billion in total. Thirteen banks are responsible for 93 percent of those fines, with Bank of America paying $76 billion in fines. | | | | | |
| | |  | DOW 27,171.90 | +0.07% | | | | S&P 2,985.03 | +0.28% | | | | NASDAQ 8,146.49 | +0.74% | | | | | *As of market close | | | • | Stocks traded mostly flat on Monday, although solid tech earnings helped move the Nasdaq slightly higher. | | | | • | Oil rose modestly and gold held steady amidst no major developments against Iran, while cryptocurrencies declined. | | | |
| | | Boeing Weighs on Stocks as Credit Outlook Cut to "Negative" | | 
| | 737 Max problems weigh on company's credit rating. | | On Monday, Fitch Ratings lowered its outlook for Boeing Company (BA) to "negative" from "stable." The rating service cited regulatory uncertainty and the uncertainty of when the 737 Max jet would be able to return to service.
The lowered outlook is part of a process before the airline manufacturer's credit rating is lowered. Corporate credit ratings determine the price paid for a company's bond offerings.
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| | How to Pick the Perfect Pot Stock | | |  | | Jeff Siegel knows how to pick pot stocks that'll make you rich. Take a look at his incredible success... Canopy Growth was trading at $1.60 when Jeff went in on it, and it exploded for an incredible 3,015% in profit. He picked Aphria, Inc. and it skyrocketed from $1.13 to $14.40 for a 1,174% gain. And OrganiGram Holdings was just $0.40 a share. Then it shot up to $5.14 for another 1,185% winner.
So, what's his secret? Well, it turns out that picking the perfect pot stock is easy. Get the names of the next 3 pot stocks set to explode on August 28th in this special presentation. Go here now. | |
| | Federal Reserve's National Activity Index Contracts for Seventh Straight Month | |  | | Longest period of contraction since 2009. | | The Chicago Federal Reserve printed its National Activity Index for June, showing a decline of 0.02. Economists had been expecting a 0.08 positive gain instead. This marks the seventh month in a row of declines, the longest period of contraction since the financial crisis in 2009.
The National Activity Index is designed to gauge overall economic activity and potential inflationary pressure. As with other pieces of economic data lately, it indicates that the economy is slowing down.
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| | Insider Activity: pdvWireless (ATEX) | |  | | Major fund owner adds to stake. | | Last week, Owl Creek Asset Management bought over 428,000 shares of pdvWireless Inc (ATEX). This represented a 16 percent increase in the fund's holdings and brings their total share ownership up to over 3,076,000. The fund, with over $2 billion in assets under management, owns over 10 percent of shares in the company.
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| | | | Unusual Options Activity: Facebook (FB) |  | | Trader makes bullish bet before earnings on Wednesday. | | Shares of Facebook (FB) may rally on Wednesday after it reports earnings.
On Monday over 29,400 contracts traded on a July 26th call option on the social media giant. With a strike price of $227.50 and with shares around $200, it's a bet that shares will move up in the coming four days. Shares would need to move 13.5 percent higher for the trade to move in-the-money.
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| | | | TOP | | | HAL | 9.149% | | | | AMAT | 6.108% | | | | WDC | 5.433% | | | | DVA | 4.906% | | | | LRCX | 4.404% | | | | BOTTOM | | | KR | 3.827% | | | | HPE | 3.639% | | | | HBI | 3.388% | | | | JWN | 3.23% | | | | TPR | 3.003% | | | | |
| | |  | | "…markets aren't here because of a fantastic global economy, rather courtesy of share buybacks and quantitative easing. Which we are getting more, not less, of. The market can certainly go down, but, at this point, there is nothing to suggest it shouldn't be treated as a correction rather than a sea change. Keep a weathered eye on consumer spending." | - Market analyst Richard Breslow on how to treat the next market pullback | |
| | Headline: August 28: Three Pot Stocks Set To Explode | | | | Jeff Siegel knows how to pick pot stocks that'll make you rich. Take a look at his incredible success... Canopy Growth was trading at $1.60 when Jeff went in on it, and it exploded for an incredible 3,015% in profit. He picked Aphria, Inc. and it skyrocketed from $1.13 to $14.40 for a 1,174% gain. And OrganiGram Holdings was just $0.40 a share. Then it shot up to $5.14 for another 1,185% winner.
So, what's his secret? Well, it turns out that picking the perfect pot stock is easy. Get the names of the next 3 pot stocks set to explode on August 28th in this special presentation. Go here now. | | | |
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