Columbus, OH

Markets Insider

The economy is flashing fresh warning signs a recession is on its way, according to Societe Generale. The French bank pointed to three worrying data points that have raised red flags in the past week. The firm is sticking to its recession call despite growing optimism over a soft-landing. The...

3 signs the US economy is nearing a recession have flashed in the last week, SocGen says

America's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Consumers are finally starting to rein in their spending habits, which could weigh on the economy after a long period of robust spending has propped up economic growth over the past few years. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows.

Americans' spending patterns are flashing a warning of a possible consumer-led recession

TheStreet

Here's what could happen to the U.S. economy next.

Wall Street analyst unveils startling prediction about the economy

Treasury Secretary Janet Yellen thinks the Federal Reserve could hit its 2% inflation target in 2025, with a soft landing well in her sights. Yellen told Yahoo Finance in an interview published Monday that she does “not see the basis” for a U.S. recession, pointing to the Fed’s caution around cutting interest rates too soon to avoid tipping the economy into the red as “the balancing act that they have.”

Janet Yellen says inflation will return to normal without a recession

Economist Claudia Sahm says the Fed needs to gradually start cutting rates now to avoid a contraction. She is the creator of the Sahm Rule, a labor-tracking recession gauge. The model is nearing its threshold: "I do not understand why the Fed is pushing that risk." The Federal Reserve's reluctance...

The creator of a famed recession indicator says the Fed is 'playing with fire' by not cutting rates now

Texas State

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Galveston, TX

Angry Ben

Destructive Storms With a History of Widespread Damage Reaches Galveston and Other Gulf Coast Towns. Good morning everyone. Our severe weather late yesterday and last night throughout the Texas Panhandle and the Dallas/Ft Worth area, organized exactly as discussed in yesterday's articles.

Severe Weather Related "Tsunami" Possible Along Texas Gulf Coast

Mortgage rates are slowly inching down - or perhaps more accurately - centi-metering down. The 30-year fixed-rate mortgage (FRM) averaged 6.86% Thursday, according to the results of Freddie Mac’s Primary Mortgage Market Survey. That’s down exactly one basis point from last week, when the 30-year FRM averaged 6.87%.

Average Mortgage Rate Drops One Basis Point From Last Week

The Motley Fool

A previously flawless forecasting tool is perfect no longer. However, ominous warning signs remain for Wall Street and the U.S. economy.

For the First Time in 65 Years, This Recession Indicator Has Been Wrong -- but Wall Street Isn't Out of the Woods Just Yet

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

A colleague recently discovered a website called "WTF Happened in 1971?" The entire main page is filled with charts and graphs. All of them show some kind of significant shift beginning in 1971. There are over 75 of them!. Here are just a few examples:. Here is some more data...

What in the World Happened in 1971?

Fortune

"The housing market is really the first domino to fall on what we think is going to be a slower growth story down the road."

Home prices could start dropping this summer, marking the ‘first domino to fall’ on the way to a weaker economy, strategist says

New Jersey State

Morristown Minute

Arms Unlimited accused of selling and shipping large-capacity magazines to New Jersey, violating state laws. The state takes action against Arms Unlimited for allegedly violating local gun control laws.

NJ Sues Arms Unlimited for Illegal Sale of High-Capacity Magazines

Clark County, WA

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Timothy A Gruver

Dentist Ellis B. Jardine of Clark County has been suspended for allegedly practicing outside the scope of his licenses and subpar care, the Washington State Department of Health reported on Friday.

Dentist Suspended for Subpar Care & Unlicensed Practices

U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve officials about monetary policy and awaited key economic data. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Treasurys. Investors digested remarks from Federal Reserve officials about the U.S....

Treasury yields climb as investors weigh comments from Fed speakers

Denver, CO

David Heitz

The mother of a Denver homeless man told the City Council Monday that city-sponsored services have failed her son. Barbara Hallick Yeomans made her remarks during public comment period of the City Council meeting. She said her son grapples with substance abuse and mental illness and repeatedly has been harassed by police. She said her son also suffered verbal abuse by a guard in the Denver County Jail. Yeomans said she heard the guard harassing her son over the phone.

Mother says Denver homeless services have failed her son

Total Apex Sports & Entertainment

The global economic collapse is adversely affecting relationships. Some zodiac signs are struggling to pick partners who will stand by them when they are financially unstable. The zodiac greatly affects people’s character. However, it isn’t the only thing you should consider when choosing a lover. Select someone who is understanding and you are compatible. This might be time-consuming but it is worth it. Which reliable zodiac signs are ideal to start a long-term relationship with?

4 Zodiac Signs Who Always Stand Up For Their Partner

Consumer confidence in the U.S. declined in June as Americans expressed concern about near-term prospects. The Conference Board reported a drop in the consumer confidence index from 101.3 in May to 100.4 in June, slightly better than analysts’ expectations. The big picture: The index assesses Americans’ current economic conditions...

U.S. consumer confidence takes hit in June

Overall, June 2024 financial market conditions showcased significant market stabilization for the global economy. The World Bank’s projection of a 2.6% growth rate for the year signals the first steady market expansion and stabilization period in over three years. This comes despite various uncertainties and adjustments in the market following COVID-19 pandemic disruptions.

What's In Store for Markets in the Second Half of 2024?

Missouri State

CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

Northern Kentucky Tribune

As Americans continue to battle their ever-increasing grocery store bills, some are cutting brand-name products and picking up lower-priced store brands, which are surging in popularity.

Faced with bigger grocery bills, many Americans are switching from national to private-label brands

NewsBreak

Key economic metric signals that U.S. is already in recession

NEW YORK (June 25) A recent report from the Conference Board revealed that leading U.S. economic indicators fell more sharply than expected in May. The Leading...

Key economic metric signals that U.S. is already in recession

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