Columbus, OH

Contrary to what many believe in, investment research firm BCA Research sees that the economy is on the cusp of a recession. "There's things that are breaking down quite rapidly now," Garry Evans, BCA Research's chief strategist of global asset allocation said on CNBC's "Squawk Box Asia." Contrary to what...

A recession is coming in the U.S., and 'a few rate cuts' won't prevent it, says strategist

America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far, successful — inflation fight.

‘The time has come’: The Fed just sent a crucial message about its next move

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Loretta Mester, former Cleveland Fed president and CNBC contributor, joins 'Money Movers' to discuss what to expect from the Federal Reserve, how the Fed thinks about the amount of rate cuts, and much more.

Fed will be moving rates down in September, says former Cleveland Fed president

Jackson, WY

NBC News

Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during the Fed's annual August summit in Jackson Hole, Wyoming, Powell said "the time has come...

Fed Chair Powell says 'time has come' for interest rate cut

Las Vegas, NV

Zoreen Kabani was always passionate about style. "I love clothing, love fashion, love being coordinated," she says. She just didn't think she could make a career out of it. Kabani, 37, and now based in Las Vegas, spent the first decade or so of her career working in finance. In her native Pakistan, "it's still a point of expectation to be in some form of a traditional career path," she says. She was a financial analyst at Goldman Sachs then a banker and financial advisor at JPMorgan Chase.

37-year-old brings in more than $100,000 a month selling clothes on Whatnot: ‘Consistency is key’

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down as the Fed gears up to start lowering its benchmark rate in September.

Mortgage Interest Rates Today, August 27, 2024 | Rates Drop Below 6% as Powell Signals September Cut

Jeffrey Buchbinder, chief equity strategist at LPL Financial, believes the S&P 500 is due for a double-digit pullback soon. 4 ways to buy the dip.

A market strategist who predicted the recent pullback says to expect a double-digit S&P 500 sell-off in the coming weeks — and shares 4 trades for the upcoming dip

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NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

For Fed watchers looking for signals, this one was about as clear as they come. “The time has come for policy to adjust,” Federal Reserve Chair Jerome Powell said during a speech at an economic symposium sponsored by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming.

Fed chair offers clearest sign yet of September rate cut

By law, the IRS must notify the State Department if an individual's federal tax debt is "seriously delinquent." This is a large federal tax debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored. If taxpayers don't remedy their overdue bill, the government...

The IRS has a method of 'last resort' to collect overdue taxes: Revoking your passport

New York Post

Lowe’s cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot’s concerns of a slim chance of a recovery in home improvement demand this year.

The Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects.

“We’re seeing significant implications … people aren’t moving nearly as often as they typically do because current mortgage rates are so much higher,” said CEO Marvin Ellison on a post-earnings call.



Big box retailers peddle Halloween products in...

Lowe’s follows rival Home Depot with dismal profit forecast: ‘People aren’t moving’

Los Angeles, CA

Herbie J Pilato

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')

The Federal Reserve is teetering on the brink of a critical decision—one that could either save the US economy from a looming recession or plunge it deeper into peril. The call for a supersized 50-basis point interest rate cut in September is growing louder, with financial heavyweight Nigel Green, CEO of deVere Group, leading the charge.

Fed must deliver 50-point rate cut in September to avert recession

Houston, TX

In 2017, Leena Pettigrew was gifted her first houseplant — a golden Pothos, notoriously easy to care for — and killed it. Five years later, she tried again. She and her husband Marquise were redecorating their home in Houston, and they needed to fill its empty corners, she says. She drove to Lowes and bought a couple of succulents.

44-year-old's garage side hustle brings in $12,400 a month—it replaced her husband’s income

CBS News

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  Over the past couple of years, Americans dealt with persistent inflation in the U.S. economy. In an effort to keep inflation at bay, the Federal Reserve raised its benchmark rate several times — and now it remains near a 23-year high. As a result, this increased the interest rates for many consumer loans, including mortgages, making it too expensive for many people to buy a home.While mortgage rates remain relatively high — today's average 30-year mortgage rate as of...

Here's the mortgage interest rate forecast for fall 2024

There is talk of an emergency rate cut from the Fed following Monday's market meltdown, as Japan recovered most of its losses on Tuesday.

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed

Georgia State

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Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. Saxo Bank's Ole Hansen said copper's recent rally had been bolstered by renewed demand from hedge funds which had previously cut their exposure "during the recent and deep 24% correction."

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

Salem, OH

Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Expect the Fed to cut in a series of 25 basis point moves, says Roger Ferguson

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