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

Markets Insider

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. Low-income consumers are pulling back on spending while top-earners are fueling the economy. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. The US economy is being...

The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan 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

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

TheStreet

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

Wall Street analyst unveils startling prediction about the economy

Hawaii State

iHeartRadio

7.2 Magnitude Earthquake Reported

Social Security recipients max out their monthly benefit by waiting until age 70 to claim. Your breakeven age is when the total lifetime benefits received from claiming at one age equals that of another age. Social Security provides life expectancy data at different ages to help you make a decision.

I Used to Think 70 Was the Best Age to Claim Social Security Benefits. Here's Why I've Changed My Mind

The wackiest headlines from the week as they would appear in a Classifieds section. SURVIVALIST W/ PROPER FOOTWEAR: A man miraculously survived 10 days in California’s Big Basin Redwoods State Park after getting lost on a hike. He sustained himself on a few berries and water he collected with his boot.

Brew Classifieds: Week of June 25

The website where you can buy almost anything for cheap will soon sell a miscellany of goods for even cheaper. Amazon is planning to open an ultra-inexpensive, direct-from-China storefront that’ll compete with increasingly popular bargain sites Temu and Shein, The Information reported this week. If you can’t beat ’em,...

Amazon’s launching a Shein-like discount section

The US Sun

A SHOPPER was left stunned when their cart stopped them from leaving the store. Retailers are coming up with innovative ways to tackle financial losses as the market struggles under external pressures such as inflation and labor costs. One issue that contributes to a loss of profits is abandoned or...

‘I scurried out,’ shopper says after cart suddenly locked when leaving the store – it wouldn’t budge but I paid

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

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?

New York City, NY

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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’

Virginia State

Margaret Minnicks

Many new laws become effective in Virginia on July 1, 2024. However, a law has always existed in Virginia, but some residents might not be aware of it. According to WSET, leaving grass clippings and other debris on Virginia roads is illegal.

It is illegal to leave grass clippings and other debris on roads in Virginia

The Hill

Almost 200 people have been charged in a nationwide operation probing false health care claims involving approximately $2.75 billion in losses, the Department of Justice (DOJ) announced Thursday. Under its 2024 National Health Care Fraud Enforcement Action, the DOJ filed charges against 193 defendants, including 76 doctors, nurse practitioners and other licensed medical professionals in…

Almost 200 people charged in schemes totaling $2.7B in false health care claims

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

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

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

Georgia State

Douglas City, CA

Daily Coffee Press

This afternoon, Kentaiwon Durham, the Douglas City Commissioner of Ward 2, entered a guilty plea for wire fraud in the U.S. District Court for the Southern District of Georgia. Consequently, Durham is mandated to resign from his position as a city commissioner.

Georgia City Commissioner Pleads Guilty to Wire Fraud in $20K PPP Fraud Scheme

Salon

President Joe Biden is running against a man with 34 felony convictions, two impeachments and a historically bungled attempt to manage a pandemic. Even worse, former President Donald Trump is the only president to ever refuse to accept the results of an election if he lost, a petulant and politically perilous practice in which Trump has indulged since before he became president.

There is one big reason why Joe Biden refuses to step aside

NewsBreak

Finally some good inflation news

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...

Finally some good inflation news

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