Jackson, WY

Fox Business

Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.

Fed’s Powell: ‘The time has come’ for interest rate cuts

Vice President Kamala Harris' alleged corporate and unrealized capital gains tax hikes are a move towards "voodoo economics," according to Andy Puzder and Newt Gingrich.

Experts react to Harris' plan to tax unrealized capital gains: 'Voodoo economics'

"Shark Tank" star Kevin O'Leary weighed in on Trump's tariff plan, calling for whichever administration takes office next year to "turn the dial up" against China.

'Turn the dial up': Kevin O'Leary calls for bringing the heat against China to 'blowtorch temperature'

It wasn’t by much, but the number of Americans filing for unemployment benefits did go up last week. Unemployment claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday. The four-week average of claims ticked down by 750 to 236,000. The level...

Unemployment Claims See a Modest Increase

The Associated Press

Slightly more Americans filed for unemployment benefits last week, but the number of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday. The four-week average of claims, which evens out some of the weekly gyrations, ticked down by 750 to 236,000.

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels

WASHINGTON (AP) — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve’s plan to start cutting interest rates soon. The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final numbers to be issued in February next year....

Government: US economy added 818,000 fewer jobs than first reported in year that ended in March

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand.

US 30-year fixed-rate mortgage slips to lowest level since May 2023

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’

The Independent

UK inflation rose to 2.2 per cent in July, marking the first increase this year and increasing the chances the Bank of England keep interest rates at the same level when they meet next month.The Consumer Prices Index (CPI) inflation rose from 2 per cent in June, but undershot economists’ expectations who had forecast it rising to 2.3 per cent.However, despite the smaller than anticipated inflation increase, it is still above the Bank’s target of 2 per cent and casts doubt on back-to-back interest rate cuts at September’s meeting.CPI services price inflation, which is closely monitored by the Bank, fell...

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

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NewsNinja

They can’t believe the employee’s response. An attempt at reviewing desserts from Crumbl Cookies took an awkward turn for two TikTokers who weren’t happy with the Oreo cheesecake.

‘They’re doing something wrong’: Crumbl customers ask for a refund after ordering Oreo cheesecake.

"Bar Rescue" host Jon Taffer joined a series of others warning against Vice President Kamala Harris' proposed price control plan during a Tuesday morning segment of "Varney & Co."

'Bar Rescue's' Jon Taffer shreds Kamala Harris' price control proposal: 'It's a nightmare'

Ballotpedia News

New applications for U.S. unemployment insurance benefits fell 7,000 for the week ending Aug. 10 to a seasonally adjusted 227,000. The four-week moving average as of Aug. 10 decreased by 4,500 from the previous week’s revised average to 236,500. The average number of initial claims per week since August 2023 was 218,717.

U.S. weekly unemployment insurance claims fall to 227,000

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

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

Illinois State

Chicago, IL

Chicago's unemployment rate is tied for the highest unemployment in the country among major metro areas, while Illinois' is the second-highest of the 50 states.

Chicago and Illinois have among highest unemployment rates in country

Economy, PA

Pineville, PA

A tavern in Pennsylvania has weathered challenges from The Great Recession to the pandemic. Now, they're faced within something they've never experienced: a drastic drop in traffic.

Historic PA tavern sees 'drastic' drop in foot traffic as people spend less

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Walmart is rolling out Burger King deals as a new perk for its Walmart+ paid membership. The new benefit became included in Walmart+ starting Thursday.

Walmart and Burger King partnering for exclusive deals

Florida State

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Mortage rates declined slightly this week but the average rate on a 30-year fixed mortgage remains around the mid-6% range, as many would-be buyers hold out for a further drop.

Mortgage rates edge lower

NewsBreak

The US added 818,000 fewer jobs this year than originally estimated

Over 800,000 fewer jobs were added by employers in the last few months, but consumer sentiment about the economy is still...

The US added 818,000 fewer jobs this year than originally estimated

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