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

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

Raleigh, NC

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Town Talks

Big cities are known for their hustle and bustle, drawing people in who crave excitement, variety, and entertainment. But bigger isn’t always better, or at least not for Raleigh, North Carolina.

North Carolina City Named The Most Boring Town in the State

A unique behind-the-scenes look at a thrift store in Canada has shone a light on the mildly depressing reality of secondhand shopping. What's In Store Fort McMurray (@whatsinstoreymm), a pre-loved clothing shop in Alberta, Canada, posted a video on TikTok showing the back room of the establishment piled high with bags upon bags of clothes. While this might seem like an ideal scenario for a thrift shop, with plenty of stock to add to rails, it does demonstrate quite how big our addiction to fashion is.

Small-town thrift store shares video of sad reality behind donated items: 'Seeing this issue displayed like this really hit me'

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Florida State

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Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Warren, MI

Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup. The company has not announced a vehicle to replace the truck. The layoffs are expected to start as soon as...

Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck

Consumers are just not buzzing about energy drinks at the moment. Popular energy drink maker Monster Beverage missed sales expectations for the second quarter. On Wednesday, Monster reported net sales of $1.90 billion, lower than the expected $2.01 billion analysts predicted. For the three months that ended on June 30, the company reported a profit of 41 cents per share versus a 45 cents per share projection. However, recent net sales beat revenues of $1.85 billion for the same time period last year.

Monster Beverage’s Sales Fall Short of Expectations, Blames Convenience Stores

The foods in your daily diet play a major role in how healthy you are and how long a life you live. In fact, one of the key practices of people living in blue zones is eating a diet of mostly plant-based foods of fruits, vegetables and nuts. In past...

100-year-olds share what they always eat—and what they never do: 'I don't drink soda at all'

Bank of America (BAC) chief Brian Moynihan said the bank’s research team “does not have any recession predicted anymore,” even as fears about the health of the U.S. economy continue to rise. Suggested Reading. This time last year the bank had priced in a recession, but that’s...

The much-feared American recession isn't coming, Bank of America chief says

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

Tracey Tee, 48, and her business partner spent nearly a decade building a successful brand and traveling across the country performing parent-focused comedy sets. "And then Covid [and] the lockdowns happened," she says. "Within two weeks, we had to cancel nearly 100 shows for 2020, and lost everything. Almost a 10-year business just slipped through our fingers like sand. And the grief of that, especially what felt like an epic failure that just wasn't our fault, was intense and then compounded with the lockdown."

48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health

Irvine, CA

NewSantaAna

A check from an Irvine business was intercepted from the mail around May 3, according to the Irvine Police Department . This man is suspected of depositing the stolen check into an ATM account. The investigation is ongoing, but it would be helpful to the investigation to identify this suspect.

Man wanted for stealing a $20K check in Irvine and depositing it at an ATM

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

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

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Macy’s will set off a wave of change at malls, as it closes about 150 namesake stores across the country by early 2027. The department store operator has long been a mall anchor, with stores that range between 200,000 and 225,000 square feet. The former Macy’s boxes could turn...

Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls

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

CNBC's Megan Cassella joins 'The Exchange' to discuss the latest developments in political news leading up to the 2024 presidential election.

Harris aide: Harris believes Fed should make decisions independent of the president

Akeena

If you’ve ever craved a classic deli experience in Florida, you might have turned to TooJay's—a chain beloved for its traditional deli fare and delicious baked goods. But if you were thinking of heading to their Villages location at 1129 Canal Street, you might want to wait a bit longer. The spot recently had a major hiccup and was shut down following a state inspection that uncovered 20 violations.

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

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