Fox Business

Middle-income households are feeling the squeeze after years of elevated inflation, and 66% reported they are falling behind due to the high cost of living in the U.S.

Two-thirds of middle-income Americans say they are falling behind due to cost of living: Primerica

The number of unemployed Americans keeps rising. To keep the US job market from getting worse, the Fed needs to hurry up and cut interest rates. What the Fed does next will greatly affect the chances of avoiding a larger increase in unemployment. It spent the past few years raising interest rates in an attempt to slow rapidly increasing prices, but with inflation largely tamed, the risks have now shifted toward the labor market. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down.

America Is On The Brink Of An Unemployment Fiasco

Markets Insider

The US is heading into a bankruptcy cycle that could spark more job losses, Danielle DiMartino Booth said. The veteran forecaster pointed to the rise in large bankruptcies so far this year. June could see a rise in large bankruptcies, raising unemployment, she predicted. A wave of large bankruptcies is...

The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

Americans seeking relief from high borrowing rates might not have to wait much longer.

A big change could come to the US economy in September

Alabama State

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A Piece of Travel

Looking to move to a state that goes easier on your wallet? In a recent study, Forbes discovered the ten cheapest states to live in. Moving to any of these states could put some hard-earned money back in your pocket.

10 States With the Lowest Cost of Living

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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

Mediaite

NBC News reported on Thursday that sources inside President Joe Biden’s reelection campaign are saying the president’s reelection efforts are doomed. The bombshell report said that Biden’s “closest allies, including three people who are directly involved in efforts to re-elect him, told NBC News they now see his chances of winning as zero — and the likelihood of him taking down fellow Democratic candidates growing.”

‘He Will Never Recover’: Biden Campaign Official Tells NBC His Chances of Winning Are Now ‘Zero’ and He Should Drop Out

GOBankingRates

There is no shortage of states in the U.S. that tout costs of living that are higher than the national average. Discover More: Cheapest Places To Buy a Home in Every State Read Next: Become a Real...

7 Richest States in the U.S. — and How Much It Costs To Live in Each

Butler, PA

A host of conservative figures have poured money into a GoFundMe page for the victims of the shooting at Donald Trump’s Butler, Pennsylvania rally - with it now nearing $2 million in total donations. The former president survived an assassination attempt, suffering a bullet wound to his ear. One...

Trump ‘authorized’ GoFundMe for shooting victims raises nearly $2m - Kid Rock and Dana White among famous donors

The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Louisville Public Media

In nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home, a Harvard University report finds. And home prices this year reached a new all-time high.

U.S. home prices have far outpaced paychecks. See what it looks like where you live

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

New Jersey State

Morristown Minute

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

Phil Norman

The buzz around economic indicators like inflation often boils down to one crucial number: the Consumer Price Index (CPI). Recently, the CPI showed a slight uptick in May, with prices nudging up by 0.3% from April. On an annual basis, inflation clocked in at 3.3%, a hair below expectations, hinting that price hikes might be easing off.

Ex-Home Depot CEO issues dire economy warning

California State

The HD Post

CALIFORNIA – California voters will get to decide, November 5, on Proposition 32, a measure that raises the minimum wage to $18 an hour for all workers. The current minimum wage is $16 an hour in California and adjusts for inflation. Fast food workers make $20 per hour and health care worker's wage will eventually increase to $25 per hour.

Proposition 32 will allow voters to decide on $18 minimum wage for all California workers

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

NewsBreak

Believe It Or Not: Lower Inflation and Higher Wages Have Made Paychecks Go Further

Despite high inflation over the past few years, buying power has gone up because pay raises have more than kept up. Typical hourly pay goes farther...

Believe It Or Not: Lower Inflation and Higher Wages Have Made Paychecks Go Further

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