Columbus, OH

CBS News

The great inflation spike of the past three years is nearly spent - and economists credit American consumers for helping to slay it.  Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive.Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business.  "While inflation is down, prices are still high,...

Consumers saying "enough's enough" is helping to tame inflation

Reuters

(Reuters) - U.S. consumers' medium-term inflation expectations eased substantially in July even as their near- and longer-term outlooks for price pressures held steady, although households are increasingly worried about staying current on their debt, a Federal Reserve Bank of New York report showed on Monday.

US consumer medium-term inflation expectations drop

The Producer Price Index showed wholesale prices increased by 0.1% in July, less than analysts expected. A decline in certain index components pointed to a lower reading for the Personal Consumption Expenditure index, the Federal Reserve's preferred measure of consumer inflation. The surprising reading could give the Federal Reserve more...

What a Surprising Drop in Wholesale Inflation May Mean For a Potential Fed Rate Cut

This is a big week for economic data releases — in the days ahead, we’ll get the numbers on consumer sentiment, housing starts, retail sales and the consumer price index. The producer price index kicked off the week. As the name suggests, it measures the change in prices companies get for whatever it is they make or do.

Labor costs fell in July. That may be what the Fed’s been looking for.

WASHINGTON -- Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it reaches...

US wholesale inflation cooled in July in sign that price pressures are continuing to ease

Homestead, FL

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Akeena

If you’re a fan of Florida’s rich agricultural heritage, here’s some news that might catch your eye. Homestead’s Alger Farms, a name synonymous with fresh produce and quality landscape materials, has just sold a hefty chunk of their land. Nearly 900 acres have been sold for a staggering $121 million. Here’s the scoop on what’s happening with this land and what it means for the area.

Florida Farm Sold for $121 Million; 1,170 New Homes Planned

California State

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The HD Post

CALIFORNIA – California residents whose information was compromised in a U-Haul data breach that occurred in September 2022 or December 2023 are eligible to collect $100. The moving company agreed to settle in a $5 million class action lawsuit.

Californians can collect $100 from U-Haul for class action settlement

PBS NewsHour

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

Americans are refusing to pay high prices. That might deal the final blow to inflation

The New York Times

The economy’s resurgence from the pandemic shock has had a singular driving force: the consumer. Flush with savings and buoyed by a sizzling labor market, Americans have spent exuberantly, on goods such as furniture and electronics and then on services including air travel and restaurant meals.

To Avoid a Recession, Consumer Spending Is Key

Georgia State

Daily Coffee Press

The chances for the tropical wave in the Atlantic developing have now risen to 80% over the next seven days. The National Hurricane Center (NHC) has advised that this disturbance could become the next tropical storm or hurricane within the coming days, potentially targeting the U.S. East Coast.

Tropical Wave That Could Impact Georgia Now Has 80% Chance of Development

FXDailyReport.com

The USD/CAD pair faces pressure around 1.3730 during Tuesday’s New York session, with the potential to decline towards the key support level of 1.3700. This weakness comes in response to the soft Producer Price Index (PPI) report for July, released by the US Bureau of Labor Statistics (BLS), which has put the US Dollar (USD) under strain.

USD/CAD Vulnerable Near 1.3730 Amid Soft US PPI and Rising Oil Prices

Pompano Beach, FL

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

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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

Stocks jumped Tuesday morning as wholesale inflation data rose less than expected, giving investors confidence that inflation is cooling off. The Producer Price Index (PPI), a gauge of wholesale prices, rose by 0.1% in July, below the 0.2% anticipated by economists. Year-over-year, the headline PPI climbed 2.2%, down from June’s 2.7% rise, the Labor Department’s Bureau of Labor Statistics reported.

The Dow closes 400 points higher as wholesale inflation cools

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

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

This week, Indonesia is slated to inaugurate a brand new city. Nusantara is set to become the capital of the world’s fourth most populous country. And the city’s construction comes with a price tag of $33 billion. Another country relocating its capital? Egypt. The new planned city, outside...

Indonesia prepares to change its capital city and challenges await

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Texas State

Last week’s jobs numbers overall were on the “meh” side, but if there was a bright spot, it was health care. Half of all new employment in July was in the health care sector, with some 55,000 new jobs, mostly in home health care, hospitals and residential care facilities.

Getting creative in the competition for health care workers

Missouri State

Saint Louis, MO

CJ Coombs

Big Lots isn't any different from other retail stores that have had a decline in sales. The cost of groceries, alone, is enough to keep customers away who are watching their budgets.

These Big Lots locations will be closing in Missouri

NewsBreak

It’s a big week for inflation data. What do we know about consumers’ expectations?

Later Monday morning, we’ll get the New York Fed’s report on consumer inflation expectations, then producer prices on Tuesday, followed by the consumer price index on...

It’s a big week for inflation data. What do we know about consumers’ expectations?

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