Reuters

TOKYO (Reuters) -Japan's economy shrank more than initially reported in the first quarter, the government said in a rare unscheduled revision to gross domestic product (GDP) data on Monday, darkening prospects for a fragile recovery.

Japan downgrades Q1 GDP on construction data corrections

TOKYO (Reuters) -Core inflation in Japan's capital accelerated in June on rising fuel bills and the boost to import costs from a weak yen, data showed on Friday, keeping alive expectations for a near-term interest rate hike by the central bank.

Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects alive

NEW YORK (Reuters) -The U.S. dollar slipped on Friday after data showed inflation in the world's largest economy subsided last month, cementing expectations the Federal Reserve will start cutting interest rates this year.

US dollar slightly weaker on diminishing inflation

Investing.com-- The Japanese economy shrank more than initially expected in the first quarter, a government revision of gross domestic product data showed on Monday, indicating that the economy was much more fragile than initially expected. GDP shrank 2.9% year-on-year in the January-March quarter, much more than an earlier estimate of...

Japan GDP downgraded much more than initially expected in Q1

Markets Insider

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

The average interest rate for a standard 30-year fixed mortgage is 6.96% today, a decrease of -0.09% compared to one week ago. The average rate for a 15-year fixed mortgage is 6.37%, which is a decrease of -0.14% since last week. For a look at mortgage rate movement, see the chart below.

30-Year Fixed Rate Near Lowest Point In Months. Today’s Mortgage Rates on June 20, 2024

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

TOKYO - Japan's factory activity stayed unchanged in June, a private-sector survey showed on Monday, amid lacklustre demand and as companies struggled with rising costs due to the weak yen.

Japan June factory activity unchanged amid higher costs, PMI shows

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

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

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

Housing market experts predict mortgage rates will fall in 2024. Get the best rate for your situation by comparing multiple loan offers from different lenders. Receive a custom quote from one of CNET’s partner lenders by entering your information below. About these rates: Like CNET, Bankrate is owned by...

Refi Rates Increase But Stay Below 7%: Today’s Refinance Rates, June 28, 2024

New York City, NY

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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’

USA TODAY

A soaring U.S. budget deficit will lead to lower incomes for Americans, economists say. That could kill the American dream for future generations.

Ballooning U.S. budget deficit is killing the American dream

Gloucester County, NJ

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Franklinville, NJ

Morristown Minute

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

New Jersey State

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Georgia State

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DeanLand

Georgia's population grew beyond the 11 million mark in 2023, reaching 11,029,227 residents according to new data from the U.S. Census Bureau. With a robust population increase of 2.9% from 2020 to 2023, 315,456 new residents arrived in the state. Georgia was the 10th fastest-growing state in the US by percentage during the reporting period.

Georgia's Population Surges Past 11 Million, Fueled by Migration

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

Business Insider

China's auto sector is struggling with overproduction, impacting domestic and international markets.

1,000 workers at one car factory in China were told to either quit or sit around on minimum wage until the market picks up again: Nikkei

California State

The HD Post

CALIFORNIA – Governor Gavin Newsom announced, June 28, that 1,700 first-generation homebuyers have been conditionally approved for the Dream For All (DFA) Shared Appreciation Loan program.

CalHFA issues all 1,700 vouchers for down payment assistance program

NewsBreak

Japan's shaky business mood, GDP downgrade cloud BOJ hike timing

TOKYO (Reuters) -The business mood in Japan's service-sector soured in June as the lower yen pushed costs higher, a quarterly central bank survey showed on Monday,...

Japan's shaky business mood, GDP downgrade cloud BOJ hike timing

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