Columbus, OH

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

The Associated Press

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn’t yet time to cut rates

Markets Insider

US stocks slumped on Wednesday, with major averages down as bond yields rose as Nvidia shares wavered and investors eyed fresh economic data. Nvidia shares slid as much as 1.2% in early-morning trading before paring losses, trading about 0.25% higher shortly after the opening bell. The chipmaker lost over $400...

Stock market news: US stocks slide and bond yields rise as traders eye new economic data

UPI News

Sixteen Noble Prize-winning economists claim former President Donald Trump would "reignite inflation" if he wins the Nov. 5 general election.

16 progressive economists claim Trump would 'reignite inflation'

Former House Speaker Kevin McCarthy joins 'Squawk Box' to discuss what Republicans are hoping for in the November general election, how other world leaders view the United States, and much more.

Former House Speaker Kevin McCarthy: Too late for Democrats to find another nominee

CNBC's Julia Boorstin reports on news from the Paramount Global saga.

IAC explores Paramount bid

New York City, NY

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Missouri State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

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

— This is the script of CNBC's news report for China's CCTV on June 27, 2024. In the United States, starting early last year, Novo Nordisk's weight-loss version of Semaglutide, marketed as Wegovy, along with other GLP-1 class weight-loss drugs, went viral on social media. These drugs, known for their appetite-suppressing effects, have sparked a wave of speculation on Wall Street, with analysts predicting potential shifts in consumer behavior that could impact the food and beverage industry.

CCTV Script 27/06/24

Reuters

SINTRA, Portugal (Reuters) -The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data before cutting interest rates to verify that recent weaker inflation readings provide an accurate picture of the economy.

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. © 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal.

Is "inshoring" ready for revolution?

Newark, NJ

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

U.S. stocks drifted on Tuesday ahead of a critical jobs report expected to reveal whether the job market is cooling to Wall Street's hopes, as crude oil prices climbed near their highest levels since April and big stocks faced losses, while Treasury yields eased slightly with hopes of controlling inflation without triggering a recession, and European indexes fell amidst persistent regional inflation concerns.

Wall Street Wobbles as Oil Prices Soar and Jobs Data Looms

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

Houston, TX

California State

Insurance premiums are rising in many states following multiple climate disasters. The crisis is altering both the residential and commercial real estate markets, as deals fall apart over the cost and availability of insurance. Because the impact varies from state to state, insurance issues are changing the competitive landscape. An...

Insurance crisis that started in Florida, California is spreading. Your state could be next

Unexpectedly high inflation readings during the first three months of this year threw a wrench into the Federal Reserve’s plans to ease monetary policy. The data from April and May have been much more favorable. They have provided reassurance that inflation is indeed on a downward trajectory. This means that the Federal Reserve Open Market Committee (FOMC) will be in a position when it meets later in July to signal that it will soon start to ease policy.

Economics Watch: The Fed Gets the Inflation News It Has Been Waiting For

Fox Business

The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.

Inflation measure closely watched by the Fed rises 2.6% in May

During this unusually newsy summer Friday, you may have missed one positive update: The latest inflation data confirms that price increases are in fact decelerating. The personal consumption expenditures price index (PCE), which is the Fed’s chosen gauge for inflation, showed core costs rose 0.08% in May, its smallest increase since late 2020. Core PCE, which excludes energy and food, is up about 2.6% from a year ago, in line with expectations, and 0.2% lower than in April.

Finally some good inflation news

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

Fremont, CA

At 32, after 12 years of living rent-free with my parents in the San Francisco Bay area, I was ready to move into my own place. I had saved $400,000 and had the flexibility to make the leap, but whether it was uncertain streams of income, wanderlust and mostly, the financial benefits of staying put, something had been holding me back. Until November 2023, when I visited a friend at their Fremont, California, apartment complex.

33-year-old pays $2,146/month for 556-square-foot studio in California furnished 'almost entirely with Costco': Take a look inside

NewsBreak

U.S. dollar modestly weaker on receding inflation

The U.S. dollar eased marginally on Friday after data showed inflation in the world's largest economy subsided last month, cementing expectations the Federal Reserve will start...

U.S. dollar modestly weaker on receding inflation

Comments / 0