Fox Business

America’s current twin deficits – budget and trade deficits – mean that Uncle Sam is dependent upon the kindness of strangers (foreign governments) to fund its gargantuan spending needs.

Who added more to the national debt, Biden or Trump?

Some customers are upset after Costco changed the packaging of its rotisserie chicken from a rigid plastic clamshell to a plastic bag. The new packaging is inferior, they say.

Customers upset after Costco makes change to rotisserie chicken

Port Byron, IL

A large Illinois horse farm owned by John Deere CEO John May is up for sale, according to a Wednesday report from Realtor.com. He is reportedly seeking $3.925 million for the property.

John Deere CEO puts 80-acre horse farm up for sale

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

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

It’s impossible to keep up with everything going on in financial markets and the economy these days. That’s where The 5, a new feature for Money & Markets Daily, comes in…. Let’s start your week off right by exploring the most significant trends and opportunities you need to...

The Fed’s “Inflation Gauge” Just Hit a 3-Year Low

It seems investors will have to wait longer as the Fed is not confident about cutting interest rates, even though inflation is cooling off. Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank needs more data before cutting interest rates to make sure recent weak inflation readings accurately reflect underlying price pressures.

The Fed needs to see inflation fall more before cutting interest rates, Jerome Powell says

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

Billionaire Steve Ballmer, the former Microsoft chief executive and current owner of the L.A. Clippers, has surpassed Bill Gates in net worth for the first time.

Former Microsoft CEO Steve Ballmer tops Bill Gates' wealth

McDonald's has a limited-time "Special Grade Garlic Sauce" hitting the US market soon. Customers will only be able to get it through the fast food chain's app.

McDonald's introducing limited-time 'Special Grade Garlic Sauce' to app for dipping

Costco has agreed to pay out $2 million to resolve a false advertising class action lawsuit over flushable wipes, while not admitting to any wrongdoing.

Costco flushable wipes settlement has wholesale giant agree to $2M payout

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

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?

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’

The tax rules that apply when you attempt to roll over your IRA funds are all complicated, and some are rigid and unforgiving. Violating one can be fatal, and costly.

The No. 1 fatal error that will end your IRA

San Francisco, CA

A woman claimed on X Wednesday that she, her 16-month-old son and her mother were booted off a United Airlines flight because she misgendered a flight attendant.

Woman claims she, her toddler son and mother were kicked off United plane for misgendering flight attendant

The U.S. Supreme Court on Thursday struck down Purdue Pharma's nationwide settlement agreement, delaying compensation for opioid victims.

Supreme Court blocks bankruptcy deal for OxyContin maker Purdue Pharma

Arkansas State

Temu sells products at "rock bottom" prices in exchange for your data, Arkansas Attorney General Jim Griffin details while discussing his lawsuit against the fast-fashion giant.

Arkansas AG warns Temu isn't like Amazon or Walmart: 'It's a theft business'

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

Election betting markets showed President Biden's odds to win the 2024 election drop precipitously after his widely-panned debate performance against former President Trump.

Biden stock tanks in election betting markets after disaster performance

NewsBreak

Fed's Powell says prices are ‘back on disinflationary path,’ but more confidence is still needed

Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show \"quite a bit of...

Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show "quite a bit of...

Fed's Powell says prices are ‘back on disinflationary path,’ but more confidence is still needed

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