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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Markets Insider

Bank of America's Michael Hartnett isn't very optimistic about the future of the US economy and stock market.

'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates

TheStreet

Inflation pressures are easing, but the pace is painstakingly slow.

CPI inflation report upsets betting on big Federal Reserve rate cut

The Hill

MEXICO CITY (AP) — Analysts expressed shock Thursday at a decision by Mexico’s central bank to cut interest rates on the same day that official figures showed a sharp rise in domestic inflation. Almost without exception, central banks raise interest rates to make money more expensive, in order to discourage price increases.

Analysts shocked as Mexico’s central bank clocks rise in inflation and cuts interest rates

Reuters

SHANGHAI (Reuters) - A long, frenzied bond rally in China has stalled, with prices down and turnover tumbling as investors step back after intensifying intervention by Beijing to stop yields from falling.

Analysis-China manages to halt bond bulls in their tracks, for now

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

Vice President Kamala Harris will propose the first-ever federal ban on "corporate price-gouging" in the food industry, her campaign announced. Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers. The ban is part of a...

Harris to propose federal ban on 'corporate price-gouging' in food and groceries

Travis McCourt, Raymond James institutional equity strategist, joins 'The Exchange' to discuss the markets as he anticipates a third unwind coming for the markets.

Raymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumer

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

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

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

Growing up in rural Michigan, Nina Job got familiar with peers and people in her community following a "traditional trajectory." That meant "you go to college, you get married, you have 2.5 kids, you know — happy home, white picket fence type-thing," she tells CNBC Make It. But moving...

'Neither of us feel interested': More Americans don't want kids, and it's not just because of the money

Michael Kantowitz, Piper Sandler chief investment strategist, joins 'Power Lunch' to discuss markets, Fed cuts and the jobs report.

The picture is still very mixed for economic cycle, says Piper Sandler's Michael Kantowitz

New Jersey State

Collingswood, NJ

Morristown Minute

CAMDEN, N.J. – Ralston Boswell, 34, of Collingswood, New Jersey, has admitted to participating in schemes to fraudulently obtain Paycheck Protection Program (PPP) loans and unemployment insurance benefits. The announcement was made by U.S. Attorney Philip R. Sellinger.

Plea: Man's PPP & Unemployment Fraud - $209K Scam

Power demand from data centers is expected to triple by 2030 as the use of artificial intelligence scales up at a rapid pace, driving an explosion in renewable energy and natural gas, according to Mizuho Securities. The demand from data centers will reach 400 terawatt hours, or 50 gigawatts annually,...

The long-term winners as AI boosts U.S. power needs, according to Mizuho

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve. Spot gold inched higher 0.3% at $2,455.79, after rising as much as 0.9% earlier in the session. U.S. gold...

Gold pares gains as dollar, bond yields climb after strong U.S. data

A proposed class-action lawsuit alleges that in April 2024, a hacker group called USDoD stole the personal information of 2.9 billion individuals — including social security numbers, addresses, dates of birth and phone numbers, as reported by Bloomberg Law. News like this can feel understandably scary, since identity theft...

If you're worried that your Social Security number was leaked, these services can help

When he was 27 years old, Bernard Meyer moved from the U.S. to Lithuania: the world's happiest country for young people. After over a decade in northeastern Europe, he says earning less money is worth the sacrifice for a much better quality of life. Meyer, a senior communications and creative...

Earn less, relax more: An American who moved to Lithuania describes life in the world’s happiest country for young people

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Hartford, CT

Oshkosh, WI

This month, Realtor.com released a report on the hottest housing markets as of July 2024. The real estate site ranked 300 metro areas based on two aspects of the housing market:. Market demand, as measured by unique views per property on Realtor.com. The pace of the market as measured by...

These are the 10 most desirable real estate markets right now—5 are in the Midwest

NewsBreak

Reserve Bank of New Zealand cuts cash rate by 25 basis points, lowers rate forecasts

The Reserve Bank of New Zealand lowered its cash rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, which...

Reserve Bank of New Zealand cuts cash rate by 25 basis points, lowers rate forecasts

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