Stocks rallied Tuesday, scaling back closer to the record levels seen last month before a sharp pullback, driven by this week's first batch of key U.S. inflation data. The producer price index — a measure of wholesale prices — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month's reading, according to Dow Jones consensus estimates.

Dow jumps 300 points as first of two major inflation reports this week comes in light: Live updates

Kristina Hooper, Invesco chief global market strategist, joins 'Closing Bell' to discuss the Fed, the markets and earnings.

The market is telling us there's a higher probability of a recession, says Invesco's Kristina Hooper

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

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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

Will McGough, Prime Capital Investment Advisors director of investments, joins 'Power Lunch' to discuss stock plays for three stocks: Home Depot, Starbucks and Chipotle.

Three-Stock Lunch: Home Depot, Starbucks and Chipotle

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

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

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you have a long-term savings goal, like saving up for a down payment on...

Best 5-year CD rates of August 2024 (up to 4.75% APY)

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'

The Motley Fool

"Never" selling might be aspirational, but these stocks make it easier.

2 Magnificent Stocks That I'm "Never" Selling

My family is from the Greek island of Ikaria, a Blue Zone renowned for the longevity of its inhabitants. To us, garlic has long been more than "just" an ingredient. Garlic is one of the defining components of the Mediterranean diet. I use it every day at almost every meal when I cook for myself or my family. During the weeks I run my cooking classes on the island, we use so much of it that one of my kitchen assistants takes half a dozen or so heads of garlic home with her each night to peel and store in water for the following day.

On the Greek island of longevity, where people often live to 100, we swear by this ingredient: 'I use it every day'

Indiana State

Mississippi State

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year's least-expensive state to retire may be a good fit for you. For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.

The 10 most affordable U.S. states for retirement in 2024: Half are in the South

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

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

'Mad Money' host Jim Cramer weighs in on stock including: Elevance Health, Albemarle, Harrow, Hawaiian Electric, Snap, Applied Materials abd more.

Lightning Round: Snap is not investable, says Jim Cramer

Although Nvidia has ridden artificial intelligence (AI) euphoria to a valuation that once neared $3.5 trillion, history suggests it'll eventually struggle to hold onto its trillion-dollar market cap. A billionaire-run, time-tested business that's repurchased over $77 billion of its own stock in six years has the tools to surpass Nvidia.

Prediction: 3 Boring Stocks That'll Be Worth More Than Nvidia by 2029

As the crypto market gears up for a potential surge this fall, attention turns to the underestimated stars: memecoins. These quirky and often underestimated digital assets are showing signs of significant growth. Discover the top memecoins poised to potentially explode in value and stay ahead of the curve this autumn. The details may just offer a surprising edge in your crypto strategy.

Best Memecoins to Stock on Before Autumn Crypto Rally

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

CNBC's Deirdre Bosa joins 'The Exchange' to discuss the latest developments happening in technology.

Google AI & device event underway: Here's what to know

Veteran investor David Roche expects a bear market in 2025, caused by smaller-than-expected rate cuts, a slowing U.S. economy and an AI bubble. Those factors could cause a bear market of minus 20% in 2025, maybe starting at the end of this year, but the Fed will have room to adjust, he added.

Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns 'draconian'

NewsBreak

Op-ed: Small caps could be in for a revival. Here's why

Andrew Graham, founder and managing partner of Jackson Square Capital. A long-awaited rotation out of tech and into small caps — a trend that kicked off...

Op-ed: Small caps could be in for a revival. Here's why

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