Reuters

NEW YORK/LONDON (Reuters) - World stock indexes mostly rose and the U.S. dollar strengthened on Tuesday after solid U.S. retail sales signalled resilience in the economy. Data released on Tuesday showed retail sales unchanged in June from a May reading that was higher than initially estimated.

Stocks, dollar gain after US retail sales data; focus still on Trump

WASHINGTON — U.S. online retail sales will reach $1.2 trillion in 2024, up nearly 10% from last year, according to FTI Consulting’s 2024 Online Retail Report. The firm’s Retail & Consumer Products practice, which conducted analysis for the report, expects U.S. e-commerce sales to account for 22.7% of retail market share in 2024, compared with 21.6% in 2023. Despite continued growth, e-commerce market share of total retail sales is expected to decelerate compared to the pre-COVID period and plateau near 35% by the middle of next decade. Several product categories have already reached that level, including toy and hobby, office supply, consumer electronics, books and magazines, music and videos, computer hardware and software, home furnishings, and sporting goods.

FTI says online retail sales to hit $1.2 Trillion

U.S. retail sales remained unchanged in June, beating forecasts for a slight decline. Overall retail sales in June were unchanged month-over-month in June but up 2.3% year-over-year, according to data released by the U.S. Census Bureau. Core retail sales (excludes automobile dealers, gas stations and restaurants) rose 0.9% in June and were 1.3% year-over-year. Analysts were expecting sales to fall 0.2%.

Retail sales better than expected in June

TheStreet

The Fed's soft-landing ambition for the U.S. economy just got another boost.

Retail sales report tests timing of Federal Reserve rate-cut bets

Business Times

Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a decline, indicating a resilient consumer sector despite signs of a slowing economy. Economists had expected a 0.3% drop in spending, according to Bloomberg data. Instead, retail sales held steady, with May's sales also revised higher to a 0.3% increase from a previously reported 0.1%, as per Census Bureau data.

U.S. Retail Sales Defy Expectations, Hinting at Economic Resilience

New York City, NY

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writer

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

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.

contributor

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

Thanks to National Ice Cream Day, scoop shops and some of your freezer aisle favorites will be serving up deals on delicious frozen treats to celebrate the sweet occasion. The refrain from a hit 1920s jingle, "I scream, you scream, we all scream for ice cream," may still ring true for fans of all ages of the beloved dessert, but there's no need to scream since brands are openly offering plenty of promotions this July 21st.

Here's the scoop for freebies and discounts on frozen treats this National Ice Cream Day

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?

ABC News

Amazon Prime Day 2024 is featuring loads of amazing deals on TVs from Samsung, LG, Hisense and more.

Amazon Prime Day 2024: TV deals from Samsung, LG, Hisense and more

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?

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

The Independent

Burberry has replaced boss Jonathan Akeroyd after just over two years in the job as the luxury fashion firm said it is set to slump to a loss and halted shareholder dividend payouts.The group said Mr Akeroyd is leaving with immediate effect “by mutual agreement with the board”.He will be replaced as chief executive by former Michael Kors boss Joshua Schulman, who takes on the role from July 17.We are taking decisive action to rebalance our offer to be more familiar to Burberry's core customers whilst delivering relevant newnessBurberry chairman Gerry MurphyBurberry made the unexpected announcement as it warned it...

Burberry boss replaced as firm warns over first-half losses amid slump in sales

Pennsylvania State

BUTLER, Pa. -- Signs of trouble were evident in the minutes before shots rang out at Donald Trump’s rally in Pennsylvania: Police had a report of a suspicious man pacing near the magnetometers and were apparently exchanging photos of the suspect. Witnesses pointed and shouted at an armed man on a nearby roof.

Signs of trouble at Trump rally were evident in minutes before gunman opened fire

Bethel Park, PA

After conducting more than 100 interviews, searching the suspect's home and vehicle, and cracking into his cellphone, FBI investigators were still searching on Tuesday for the motive that led a 20-year-old Pennsylvania man to attempt to assassinate a former president. As that investigation continued, officials with the FBI and the...

New details emerge in Trump assassination attempt investigation

Ohio State

Former President Donald Trump picked Ohio Sen. J.D. Vance as his running mate, placing a young, ideological ally alongside him on the Republican 2024 ticket.

Trump picks JD Vance as 2024 running mate

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

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

Following the attempted assassination of former President Trump, the FBI has issued a bulletin warning law enforcement about possible "follow-on or retaliatory" attacks.

FBI, DHS warn of possible 'follow-on or retaliatory' attacks following Trump shooting

Virginia State

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

NewsBreak

Retail sales unchanged in June from May, underscoring shoppers' resilience

NEW YORK -- Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an...

Retail sales unchanged in June from May, underscoring shoppers' resilience

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