Money

The Federal Reserve is now widely forecasted to cut interest rates by September after new inflation numbers came in lower than expected. The latest consumer price index (CPI) report showed that inflation has cooled to a 3% annual rate, tying the lowest level since March 2021. Overall, prices declined 0.1% for the month.

Get Ready for Interest Rate Cuts in September, Analysts Say

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

Markets Insider

The Federal Reserve risks prematurely cutting interest rates right as the US economy is poised to reaccelerate, Jim Bianco told CNBC. "The reason I suspect that we're going to have zero rate cuts is I don't think they're warranted. The economy is continuing to move along just fine," the Bianco Research president said on Friday, adding: "I suspect there'll be a second-half rebound."

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says

Reuters

(Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. The shock shooting on Saturday of former President Donald Trump, who is seeking a return to the White House, is reverberating around world markets, with bets that the incident boosts his re-election chances steepening the Treasury yield curve and lifting stock futures first thing.

Morning Bid: Trump hit steepens curve; China's economy judders

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

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?

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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

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

Canadian Prime Minister Justin Trudeau said he was "sickened by the shooting" while the UK's newly elected Prime Minister Keir Starmer said he was "appalled by the shocking scenes" at the rally. In the U.S., both Republicans and Democrats alike came together to criticize the attack and expressed their well...

World leaders condemn assassination attempt on Trump: 'Tragedy for democracy'

CNBC's Eamon Javers joins 'Power Lunch' with breaking news from the RNC.

Trump's VP pick is Sen. JD Vance

Pennsylvania State

Video shows the body of the alleged shooter on a building roof overlooking President Trump's Pennsylvania rally.

Video: Body of alleged shooter in Pres. Trump's assassination attempt found on roof

Elon Musk has reportedly said he is planning to pledge about $45 million a month to a newly formed super PAC backing former President Donald Trump. Musk had yet to donate to that group, called America PAC, as of the end of June, according to its latest quarterly financial filing.

Elon Musk plans to give $45 million a month to pro-Trump super PAC, WSJ reports

Indiana State

Worker shortages have eased a bit, but companies still look closely at quality of life when choosing a location that will attract skilled employees. CNBC’s annual ranking of state business climates considers quality of life among ten categories of competitiveness. Quality of Life metrics include Crime, Child Care, Health...

These are America's 10 worst states for quality of life in 2024

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

Edward Mills, Washington policy analyst and managing director at Raymond James, says Sen. JD Vance is someone who has "very much embraced the 'make America great again' agenda of former President Trump."

Trump presidency with JD Vance as running mate would mean much more aggressive China stance: Analyst

The Social Security Administration is upgrading its "my Social Security" personal accounts online. The goal is to provide a simpler login experience and more secure online access, the agency said. But first, some users may have to log in and transition their current accounts. The Social Security Administration is updating...

Why the Social Security Administration may want you to update your personal account online

California State

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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

Inflation is slowing but data hints at the possibility of recession. Stocks and Treasury yields sank as U.S. CPI data showed lower inflation than expected. A shift toward more immediate Fed rate cuts seems to be fueling fears about recession. The pain may continue if U.S. consumer confidence sours despite...

Stocks Are in Trouble if U.S. Consumers Turn Gloomy

Evan Goldberg, executive vice president of Oracle NetSuite, says "we truly believe that it has to be an intrinsic part of our business application."

A business system without AI is like a 'car without wheels,' Oracle NetSuite says

CNBC's Jim Cramer on Monday named stocks that could stand to see gains if former President Donald Trump returns to the White House, as well as ones that may notch losses. "After this weekend, it sure seems like the Trump stocks are back," he said. "Just keep in mind that plenty of companies are great enough to transcend politics, and sometimes what counts as a Trump stock can change on a dime."

Jim Cramer names stocks that could rally, or fall, during a second Trump presidency

NewsBreak

10-year U.S. Treasury yield edges lower following Powell commentary

Yields and prices move in opposite directions and one basis point equals 0.01%. On Monday, Powell said the central bank will not wait until inflation has...

10-year U.S. Treasury yield edges lower following Powell commentary

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