Richard Clarida, PIMCO global economic advisor, joins 'Closing Bell' to discuss what he expects the Fed's next move to be.

PIMCO's Richard Clarida expects no changes for the Fed's July FOMC Meeting

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

Inflation has been persistent for the past several years. The 2024 cost of living adjustment (COLA) for federal retirees was 3.2%. Some retirees were probably disappointed with the 2024 increase because of the larger increases in the two previous years. In 2023, the COLA was 8.7%, the highest in more...

Because of Inflation, 2025 COLA Estimates Going Up Every Month

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

Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market.

Mortgage rates fall to their lowest level in almost three months

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Georgia State

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Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

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

Missouri State

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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

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?

— 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

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are expected to fall this year, but they might not drop enough to improve affordability.

Mortgage Interest Rates Today, June 26, 2024 | How Much Will Rates Drop This Year?

TheStreet

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

Wall Street analyst unveils startling prediction about the economy

New York City, NY

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’

Richmond, VA

This story is part of CNBC Make It's Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they've used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. Teyoshe Smith's previous...

43-year-old started a 'kitchen island' side hustle on Facebook Marketplace—now it brings in $379,000 a year

Newark, NJ

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

The dollar index (DXY00) today is down by -0.25%. The dollar today is moderately lower due to the strength of the euro. Losses in the dollar accelerated after the US Jun ISM manufacturing index and May construction spending unexpectedly declined. Dollar losses are limited due to higher bond yields and weakness in the yen, which tumbled to a new 37-year low against the dollar today.

Weak US Economic News and Euro Strength Weighs on the Dollar

The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. Dietrich predicted inflation and interest rates would remain elevated, and taxes would rise. The S&P 500 could...

The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says

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

California State

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?

NewsBreak

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago. May marked...

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

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