POLITICO

Fissures are forming in the economy just as the Fed’s long-running fight against inflation looks to be nearing its conclusion.

Inflation is easing. Now, Harris has an even bigger problem with 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 US Sun

AMERICA'S favorite retailers were thrown into chaos as Wall Street experienced its worst day in two years, with major players like Walmart and Costco witnessing dramatic stock declines. In the middle of this turmoil, investors are increasingly turning to one of the most reliable indicators to gauge whether a recession...

Little-known rule triggered across US ‘predicts recession without fail’ as Costco & Walmart suffer Wall Street bloodbath

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

The Center Square

(The Center Square) – New federal economic data shows that previous data significantly overestimated the health of the U.S. economy.
                The Department of Labor released revised jobs data that showed they overestimated the number of jobs created in the U.S. economy by 818,000, a whopping revision that set off alarm bells Wednesday.
                Economic data is often revised, but the size of this change is large enough to raise eyebrows.
 ...

‘Shocking’ jobs number revision brings questions about Biden-Harris economy

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NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

GOBankingRates

The U.S. economic outlook for 2022 and 2023 was a pessimistic one, full of many discerning number-crunchers' warnings of an eventual, inevitable recession. It remains debatable whether one is on the...

8 Worst Cars To Own in a Recession

The Independent

Global equities markets began the week with a steep plunge, reacting to the possibility of a coming US recession that Goldman Sachs economists pegged at 25 percent.On Monday morning, the Dow Jones Industrial Average fell 945 points, or nearly 2.5 percent, to ​​38,791.28. In simple terms, if on Friday you had $100 in a fund tracking the Dow, you would now have about $97.50. The two other major indexes, the S&P 500 and the Nasdaq Composite, were down mid-morning by roughly 3 percent and 6 percent, respectively. At the end of the session, the Dow was down 2.6 percent, sliding...

Experts are warning of a global recession. Here’s what that actually means

Business Insider

Higher food costs are pinching budgets and inflation eroded the value of savings, Donald Trump said, while Elon Musk blamed government overspending.

Trump called inflation a disaster for consumers — and Musk blamed it on government waste

Sag Harbor, NY

Justin Timberlake had a pricey wristwatch, a vape pen, and over $300 in cash on him when he was arrested on DWI charges on eastern Long Island in June. Law enforcement officers discovered the singer, 43, holding a vape device, a Rolex watch, a gold band, and a wallet containing $306 in bills when he was arrested in Sag Harbor on June 18, as reported by the Daily Mail.

Justin Timberlake had a vape pen, Rolex, and $306 cash at the time of his DWI arrest: police report

‘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

Powell, of course, is counting on his plane continuing to glide down toward that soft landing on the tarmac as he gooses its economic engines just a little, slowing the rate of descent. In the past, when the Fed has attempted this kind of interest-cut maneuver while inflation was still above target after a period of battling high inflation, the plane took off before even touching down, and we rose right back into the inflated clouds in the skies far above.

Inflation is Forever

Dutch Bros is growing through new stores and higher same-store sales. Individual investor goals aren't always the same as those of investment management firms. Starbucks has been in the news, but this lesser-known coffee chain has much bigger opportunities. Starbucks made big news last week with its poaching of Chipotle...

Forget Starbucks: Billionaires Are Buying Up This Coffee Chain Stock Instead

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')

Here are the top three news stories over the past day presented to you by U.Today. FBI breaks silence about Bitcoin creator Satoshi Nakamoto. Dave Troy, prominent investigative journalist and entrepreneur, has recently made a Freedom of Information Act (FOIA) request to the FBI, in which he asked for information about Satoshi Nakamoto, anonymous creator of Bitcoin. The bureau responded to the request, stating that Satoshi could be "one or more third-party individuals" and that it can "neither confirm nor deny" the existence of records about them. As follows from Troy's comment to the FBI's response, this is a typical answer for requests concerning non-U.S. persons. The journalist wrote that he intends to appeal the response, adding that his goal is not to identify the person behind the pseudonym, but to obtain any information the FBI may have on the subject.

FBI Breaks Silence about BTC Creator Satoshi Nakamoto, XRP Sees $12 Billion Real Trading Volume Surge, Arthur Hayes Predicts Epic Altcoin Season: Crypto News Digest by U.Today

Vice President Kamala Harris has picked up the baton from President Joe Biden on the fight against so-called greedflation – the notion that America’s inflation crisis was exacerbated by excessive corporate profit-taking that marked up goods or shrunk their sizes and padded businesses’ bottom lines.

The truth behind Harris’ inflation and corporate greed claims

Reuters

(Reuters) - With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has helped drive U.S. stocks in 2024 can continue.

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

Gold prices fell sharply yesterday as investors reacted, as expected, to the latest U.S. inflation data, which came in below expectations. Gold is traditionally seen as a safe-haven asset in volatile economic times and tends to rise when inflation rises. However, the latest CPI data has changed market sentiment, and many market participants now believe that the Federal Reserve may cut interest rates. This has made gold less attractive, leading to a sharp sell-off.

Gold Crashes, Bitcoin Rockets, And Peter Schiff Is Not Happy About It

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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

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

NewsBreak

The Fable of the Economic “Soft Landing”

According to some commentators, to counter inflation interest rates in the US must increase to a level that effectively restrains the economy. It is held that...

The Fable of the Economic “Soft Landing”

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