Markets Insider

The S&P 500 will plunge 32% in 2025 as a recession finally hits the US economy, BCA Research predicts. The firm said the Fed will fail to prevent a recession as it takes its time cutting interest rates. Rising unemployment and constrained credit will curb consumer spending, worsening the downturn.

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says

The Federal Reserve raised interest rates aggressively starting in March 2022 to tame high inflation. That underpinned historic strength in the U.S. dollar versus many major global currencies like the euro and Japanese yen. American tourists enjoyed greater buying power abroad. The Fed expects to cut rates once in 2024...

The Fed may soon cut interest rates. That could make your next trip abroad more expensive

Washington, DC

Fox Business

Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% before they pivot to cutting interest rates.

Fed's Powell says officials won't wait until inflation reaches 2% to cut rates

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

Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. The think tank expert says this would lead to a manufacturing-centered recession. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. Donald Trump's vow to initiate...

Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says

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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

New York City, NY

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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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

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

WASHINGTON (Reuters) -The FBI said on Monday it has gained access to the phone of the Thomas Matthew Crooks, the suspect in the shooting of former President Donald Trump, as it continues to investigate his motive for the crime. The FBI stressed that its investigation into Saturday's shooting, which is...

FBI says it has gained access to Trump shooting suspect's phone

California 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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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

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?

Business Insider

These are today's mortgage and refinance rates. Mortgage rates decreased last week thanks to slowing inflation, and they should trend down further soon.

Mortgage Interest Rates Today, July 14, 2024 | Rates Low After Dropping Last Week

Total Apex Sports & Entertainment

The global economic collapse is adversely affecting relationships. Some zodiac signs are struggling to pick partners who will stand by them when they are financially unstable. The zodiac greatly affects people’s character. However, it isn’t the only thing you should consider when choosing a lover. Select someone who is understanding and you are compatible. This might be time-consuming but it is worth it. Which reliable zodiac signs are ideal to start a long-term relationship with?

4 Zodiac Signs Who Always Stand Up For Their Partner

MOSCOW (Reuters) -A new hearing in the espionage trial of Wall Street Journal reporter Evan Gershkovich has been brought forward to July 18 from Aug. 13, the Russian court hearing his case said on Tuesday. Gershkovich, a 32-year-old American journalist who denies any wrongdoing, went on trial behind closed doors...

Russian court hearing of jailed US reporter Gershkovich brought forward to July 18

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

Virginia State

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

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

Nothing like a little disinflation to make investors feel less deflated about what the Fed might have in store for us. The US economy got a jolt of good news Thursday when the Labor Department reported that monthly inflation fell in June, strengthening the case for the Federal Reserve to cut interest rates in the coming months.

Hope for Rate Cuts Gets a Big Boost from Slowing Inflation

Reuters

(Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a possible intervention in the currency.

Dollar drops, yen surges as consumer prices fall in June

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

NewsBreak

Confidence is growing on winning inflation fight, Fed's Daly says

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Monday said \"confidence is growing\" that inflation is heading toward the U.S. central bank's 2%...

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Monday said "confidence is growing" that inflation is heading toward the U.S. central bank's 2%...

Confidence is growing on winning inflation fight, Fed's Daly says

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