Columbus, OH

Major indexes were sharply higher Tuesday afternoon as inflation data came in better than expected, reinforcing expectations that the Federal Reserve will start cutting interest rates soon. Tech stocks, which have been on a volatile ride lately, were leading the move higher. The S&P 500 and Nasdaq Composite were up...

Dow Jones Today: Major Indexes Up Sharply After Inflation Data; Tech Stocks Jump

Markets Insider

Indexes rose Thursday as investors reacted to a surprisingly strong increase in retail sales and lower jobless claims.

Stock market today: Dow soars 555 points as strong economic data calms recession worries

Analysts from Goldman Sachs say the US is on its way to a soft landing, with  recent volatility fueled more by positioning than a looming recession.

Don't get spooked by recession fears. The US is well on its way to a soft landing, Goldman Sachs says

's earnings report, saying the retailer's insights make him think interest rate cuts from the Federal Reserve could stop the housing market from making a hard landing. "Right now, housing's waiting for the cavalry to come to the rescue, by which I mean it's waiting for the Fed to cut rates," he said. "While that's not something we desperately need, at least for the moment it could be a major positive catalyst for a huge part of the economy. Yes, lower rates will work, but, alas, not until the Fed gets off the bench and gives them to us."

Cramer explains what Home Depot's quarter says about the housing market

The Associated Press

NEW YORK (AP) — U.S. stocks ticked higher in a quiet Wednesday after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Dow Jones Industrial Average gained 242 points, or 0.6%, to finish a day above the 40,000 level for the first time in nearly two weeks. The Nasdaq composite edged up less than 0.1%.

Stock market today: Wall Street ticks higher after inflation data clears the way for cuts to rates

Detroit, MI

United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon. Fain accused the chief executive of price gouging consumers and failing to uphold parts of the union's labor contract with the automaker. The comments are the latest in an ongoing back-and-forth...

UAW president slams Stellantis CEO over job cuts, alleged price gouging

Business Insider

Kamala Harris is set to announce her economic agenda, which includes several housing proposals, during a Friday rally in North Carolina.

Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support

Walmart said inflation was flat in its latest quarter, and revenue growth came from selling more items and drawing more visits to its stores and website, rather than higher prices. Yet prices have remained high in some parts of the store, such as dry groceries and processed foods. Prices at...

Walmart says prices are coming down — except in one key area

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

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

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

Kentucky State

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Northern Kentucky Tribune

As a summer surge of the Coronavirus is underway across the country, a new study has revealed the states with the lowest COVID-19 vaccination rates among adults, and Kentucky has finished among the bottom 10.

Kentucky ranks ninth in recent study of states with lowest COVID-19 vaccination rates

Jackson, WY

Jeanna Smialek, New York Times reporter, joins 'Taking Stock' to discuss what to expect out of next week's Jackson Hole Economic Symposium.

Looking ahead to Fed comments at Jackson Hole next week

North Carolina State

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Roxboro, NC

Town Talks

According to Travel alot, Roxboro, North Carolina, holds the unfortunate title of the most miserable city in the state. Several factors contribute to this designation, including high poverty rates, low median household income, and high crime rates.

North Carolina City Named The 'Most Miserable' In The State

CNBC's Robert Frank joins 'Fast Money' to talk changing demographics in the car collecting market.

Car collectors shifting gears as younger buyers and cars enter the market

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

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

Liz Young Thomas, SoFi, and Dan Greenhaus, Solus Alternative Asset Management, joins 'Taking Stock' to talk the week's market action.

Last week's sell-off was 'incorrect', says Solus' Dan Greenhaus

Florida State

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Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

NewsBreak

Treasury yields fell as investors absorbed week's burst of economic data

U.S. Treasury yields were lower on Friday as investors weighed this week's flood of key data and considered the state of the economy. Yields and prices...

Treasury yields fell as investors absorbed week's burst of economic data

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