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

24/7 Wall St.

The June CPI results showed that inflation increased only 3% year over year, a relief for those concerned about the sharply rising prices from two years ago. Many analysts said the news opened the door for a September rate decrease by the Fed. Until recently, that appeared off the table, with the first Fed cut […]
The post Used Car Prices Collapse appeared first on 24/7 Wall St..

Used Car Prices Collapse

The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world.

New inflation warning: Get used to high interest rates, IMF says

Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall.

Dow and S&P 500 close at record highs as investors bet on September rate cut

Fortune

Electric-vehicle maker Fisker Group entered bankruptcy proceedings on June 17. The number of U.S. companies that filed for bankruptcy last month topped the highs seen during the early stages of the pandemic in 2020, when the economy was reeling from lockdowns. A report Monday from S&P Global Market Intelligence said...

U.S. corporate bankruptcies are soaring above the pandemic-era peak, adding to the economic alarm bells piling up

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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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

Amazon Prime Day 2024 has savings up to 50% off on TVs, Apple Products, vacuums and more, and CNN Underscored editors found the best deals to shop now.

The 92 best deals to shop on Amazon Prime Day 2024

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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Town Talks

Can You Park in Front of Someone’s Property in North Carolina?. Parking on crowded city streets and neighborhoods can be challenging, and many wonder if it's permissible to park in front of someone’s property. Here's a breakdown of North Carolina's parking rules:

Can I legally park in front of someone’s home? What North Carolina law says

MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump.

‘Morning Joe’ pulled from air Monday because of Trump shooting

Welcome to another summer of Covid-19 infections. Here’s what to do to reduce your risk of catching the disease and what to do if you get it.

Covid-19’s back. Should you be worried?

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

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Anika Jindal

The type of gasoline you use matters most when it comes to keeping your car running. While most gas stations claim to provide high-quality fuel, not all gasoline is created equally. You should avoid some gas brands that can ruin your car.

Worst Gas Brands That Can Ruin Your Car

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

Butler, PA

Friends and neighbors are remembering firefighter Corey Comperatore -– the man shot and killed during the attempted assassination of former President Donald Trump – as a family man who served his community and was quick to help friends in need.

Man killed at Trump rally identified as firefighter Corey Comperatore, who ‘died a hero’

Chicago, IL

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?

Aurora, CO

David Heitz

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

Denver, CO

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

The species’ population collapsed at an alarming rate over the last 10 years, starved by a salty sea swallowing its homeland in the Florida Keys.

Rising seas wiped out an entire US species for the first time. Scientists say it’s a sign of things to come

Alabama State

Birmingham, AL

At least four people were killed and nine others were wounded in a shooting at a Birmingham, Alabama, nightclub late Saturday night, police said.

At least 4 people killed, 9 others wounded in shooting at Birmingham nightclub, police say

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

Unexpected bad news for inflation: Wholesale prices rose in June

Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023. That’s an unwelcome development for the US economy one day after the...

Unexpected bad news for inflation: Wholesale prices rose in June

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