Big Tech rotations, Blackstone president talks earnings: Wealth!

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Big Tech stocks are slipping as Wall Street heads into the second half of the year. CFRA Research Chief Investment Strategist Sam Stovall joins Alexandra Canal on Wealth! to discuss the pullback in tech and what to expect from the market in the back half of 2024.

US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023.

Auto insurance prices have risen 19.5% from a year ago, according to data from the US Bureau of Labor Statistics, and they may not be done rising.

President Joe Biden has faced several roadblocks in his efforts to bring student debt relief to millions of borrowers. But as questions about his position in the 2024 race mount, many Americans are preparing themselves for the possibility of a second Trump administration.

Shares of Blackstone (BX) are rising after the company posted its second quarter earnings, with the firm missing out on profit expectations while increasing its pace of investments. Blackstone President and COO Jonathan Gray sits down with Julie Hyman to discuss the results and his view on the economy.

Netflix’s "Owning Manhattan" has exploded in popularity as viewers get an inside look into the elite world of New York City real estate. Serhant real estate agent Jessica Markowski navigates high-stakes deals with billionaire clients, but surprisingly enough, she didn't get her start in real estate. Markowski sits down to discuss her career shift from fashion influencer into real estate and what anyone looking for a career change should know about the job.

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This post was written by Nicholas Jacobino