Texas State

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.

Increased sausage demand could be worrying signal on the economy

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

The Guardian

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

The Associated Press

WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s gross domestic product — the total...

US economic growth for last quarter is revised up to a solid 3% annual rate

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're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

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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

Lowe's will no longer participate in surveys for Human Rights Campaign, an advocacy group supporting transgender rights, and is also combining its various business resource groups that represent diverse employees into one umbrella organization, an internal memo obtained by Reuters on Monday showed. The company will not be sponsoring or...

Home improvement retailer Lowe's latest U.S. firm to end some diversity policies

Apple announced it will hold a press event at its headquarters in Cupertino, California, on Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch event will be streamed on Apple's website and YouTube. This year's invites include the tagline "It's Glowtime," a...

Apple announces iPhone event for Sept. 9

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Tuesday’s rapid-fire: Coca-Cola, Hershey, Cleveland Cliffs, Ferrari, BlackRock

Credit card charge-offs and credit card loan delinquencies continue to be at a more than 12-year high, according to the Federal Reserve’s second-quarter report. Second quarter 2024 data reveals that credit card charge-offs increased from 4.16% to 4.38%, a 12.5-year high not seen since Q4 2011. Charge-offs are continuing to increase at a fairly steep slope. With 9–12-month lag time to placements, the volume should continue to increase through at least mid-2025.

Credit Card Charge-Offs and Delinquencies Increased to More Than a 12-year High, According to Federal Reserve’s Q2 Data.

Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback. The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations. In May, Apple announced a $110 billion stock...

Nvidia announces $50 billion stock buyback

A New York federal judge ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 after his 10-year sentence was commuted by former President Donald Trump. The order raises the possibility that the drug dealer, Jonathan Braun, could...

Trump clemency recipient's arrest draws attention of judge in old drug case

'Mad Money' host Jim Cramer talks the day's market action and and how potential rate cuts are moving the needle.

Jim Cramer talks his post-Jackson Hole playbook

Buying a house in today's housing market isn't easy as asking prices are only getting higher, and mortgage rates continue to fluctuate. But despite those factors, some metro areas across the United States are actually friendly to those looking to buy this year. This month, Realtor.com released its report on the easiest and hardest housing markets for homebuyers right now.

10 U.S. housing markets where buyers have the most power right now: They're 'in a good position to negotiate,' expert says

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

Reuters

ORLANDO, Florida (Reuters) -Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both days center on the Fed's new guiding light: the unemployment rate.

Unemployment rate is now Fed's undisputed lodestar: McGeever

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Eli Lilly released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to increase access for patients without insurance coverage for the highly popular injection. The move also aims to expand the U.S. supply of Zepbound amid soaring demand and ensure patients...

Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply

Gold prices climbed 1% as the dollar and Treasury yields retreated following Federal Reserve Chair Jerome Powell comments signaling an interest rate cut in September. Spot gold rose 1.15% to $2,511.91 per ounce, but was off a record high of $2,531.60 hit on Tuesday. U.S. gold futures gained 1.19% to $2,546.70.

Gold gains 1% as Powell comments hint at September cut

NewsBreak

Gold rises on Fed rate cut hopes; limelight on U.S. economic data

Gold prices rose on Thursday on expectations that the Federal Reserve might begin interest rate cuts next month, and underpinned by ongoing tensions in the Middle...

Gold rises on Fed rate cut hopes; limelight on U.S. economic data

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