Fox Business

Bank of America's team of economists no longer see the U.S. falling into a recession and now have the opposite view, CEO Brian Moynihan said over the weekend.

Bank of America no longer predicting recession, CEO says

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Louisiana State

California State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

Oliver Chen, TD Cowen senior retail analyst, joins 'Squawk Box' to discuss key retail earnings from Walmart and Home Depot this week, what to expect from the retail giants, state of the consumer, and more.

We are in a consumer discretionary recession, says TD Cowen's Oliver Chen

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.”. That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly...

Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

The New York Times

The economy’s resurgence from the pandemic shock has had a singular driving force: the consumer. Flush with savings and buoyed by a sizzling labor market, Americans have spent exuberantly, on goods such as furniture and electronics and then on services including air travel and restaurant meals.

To Avoid a Recession, Consumer Spending Is Key

Students and their families, along with college financial aid administrators, hoped the 2025-26 school year would be a return to normalcy. It doesn't look like that will be the case. The Department of Education announced the 2025-26 Free Application for Federal Student Aid won't be available for everyone on Oct....

FAFSA delays will keep plaguing students for 2025-26 school year—how to maximize your chances of getting financial aid

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model. The vehicle features a more rugged exterior design as well as a new interior with 26 inches of standard information and control screens. The Terrain is typically one of the bestselling...

GM reveals redesigned GMC Terrain as brand's entry-level model

Markets Insider

American workers aren't so quick to quit their jobs anymore - largely because they're afraid of a coming recession, labor experts say.

American workers are stuck in place because everyone is too afraid of a recession to quit

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

In the ever-changing world of cryptocurrency, those with keen insight can spot hidden gems poised for massive growth. A few low-cap cryptos are showing strong signs of high future potential, making them intriguing options for savvy investors. This article explores lesser-known coins that could turn a $100 investment into significant rewards during the next market surge.

Low-cap Cryptos With High Potential: Invest $100 Now for Big Rewards in Next Bull Run

U.S. stock futures were little changed Monday night as investors await this week's key inflation data. Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures climbed 0.02% and 0.01%, respectively. The regular session was a choppy one for the major averages, which...

Stock futures are little changed as investors await key inflation data: Live updates

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Gold prices rose by more than 1% on Monday to hit the highest since Aug. 2, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve's interest rate cut path. Spot gold rose over 1% to $2,458.25 per ounce...

Safe-haven demand lifts gold to highest in 10 days; U.S. data in focus

The Independent

Global equities markets began the week with a steep plunge, reacting to the possibility of a coming US recession that Goldman Sachs economists pegged at 25 percent.On Monday morning, the Dow Jones Industrial Average fell 945 points, or nearly 2.5 percent, to ​​38,791.28. In simple terms, if on Friday you had $100 in a fund tracking the Dow, you would now have about $97.50. The two other major indexes, the S&P 500 and the Nasdaq Composite, were down mid-morning by roughly 3 percent and 6 percent, respectively. At the end of the session, the Dow was down 2.6 percent, sliding...

Experts are warning of a global recession. Here’s what that actually means

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Jim and Jeff discuss why they're making moves in these semiconductor stocks. They also talk about buying this mega cap tech stock. Finally, they break down the earnings of this consumer discretionary stock.

Monday, August 12, 2024: Cramer breaks down why the Club trimmed this consumer discretionary

Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. The money had been sitting idle in an old personal account of Christina's, but a documentary on the bank's practices prompted the couple to get the money out of there, they told self-made millionaire and money expert Ramit Sethi on a recent episode of his "I Will Teach You to be Rich" podcast. Their last names were not used.

Millennial couple left $10,000 in cash sitting in a closet for years — why they still stress about money

NewsBreak

CEOs no longer anticipate a recession, says The Conference Board's Steve Odland

Steve Odland, The Conference Board president,...

CEOs no longer anticipate a recession, says The Conference Board's Steve Odland

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