Markets Insider

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. Low-income consumers are pulling back on spending while top-earners are fueling the economy. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. The US economy is being...

The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says

While U.S. retail spending was unchanged in June, the data was better than the decline economists expected. Weak motor vehicle sales are partly attributed to a cyber attack that disrupted data collection. Retail sales data feeding into gross domestic product (GDP) calculations show that the economy in the second quarter...

US Consumer Spending Remains Surprisingly Resilient

Daily Mail

Famed economist David Rosenberg made the dire prognosis following the release of June's nonfarm payrolls report Friday.

Economist who predicted the 2008 recession reveals the five tell-tale signs US economy is on the brink of a downturn

US stocks climbed higher as fresh data indicated that consumers were still spending. Retail sales published Tuesday came in better than expected for June. Excluding autos, sales rose 0.4% against estimates of a 0.1% increase. The data marked the biggest increase in three months, and suggests that the US consumer is still strong even as worries swirl around an imminent pullback.

Stock market today: Indexes rise as traders assess earnings and retail sales beat estimates

UPI News

Retail sales were flat in June according to the latest report from the Commerce Department released Tuesday but still soundly beat Dow Jones projections that expected to see a decline.

U.S. retail sales flat in June, beat Dow Jones expectations

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?

Pennsylvania State

Business Times

Former President Donald Trump was hurried off the stage by Secret Service agents after apparent gunshots were heard during a rally in Pennsylvania.

Donald Trump 'Just Won The Election' Against President Joe Biden Amid 'Attempted Murder' Claims: 'This Election Is Now Over'

A recent study published in the journal Cell Reports Medicine has unveiled significant insights into how the frequency of bowel movements may be intricately linked to long-term health. Conducted by researchers from the Institute for Systems Biology (ISB) in Seattle, the study analyzed data from over 1,400 healthy adults and discovered correlations between bowel movement frequency and signs of decreased organ function.

Study Links Infrequent Bowel Movements to Kidney Damage, Frequent Diarrhea to Liver Issues

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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

A suspected drug-smuggling tunnel discovered last week in Tijuana is so extensive that authorities need oxygen tanks to reach its end. This latest find adds to the series of sophisticated tunnels unearthed over the years, highlighting the ongoing battle against drug trafficking across the U.S.-Mexico border.

Massive Drug-Smuggling Tunnel Uncovered Connecting Tijuana to the U.S.

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

China's GDP grew by 4.7% year-on-year in the April-June period, falling short of analysts' forecast of 5.1% and marking the slowest growth since the first quarter of 2023.

China's Q2 GDP Misses Forecasts, Economic Stimulus Expected to Intensify

Reuters

NEW YORK (Reuters) - PepsiCo CEO Ramon Laguarta said Thursday there is "much more price sensitivity" across U.S. income groups and not just low-income consumers, highlighting its sensitivity to broad shifts in consumer demand.

PepsiCo feels squeeze as financial pressure spreads from low-income consumers

NEW YORK (Reuters) -World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as supporting prospects the Federal Reserve will ease rates to rein in inflation while aiming to avoid a recession.

Stocks rise, dollar flat on solid data and rate cut prospects

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

A recent negative ratings downgrade by S&P is just the latest sign that the freight industry is still struggling to find footing.

America's freight recession is showing no signs of ending

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

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

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

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

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

Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a...

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

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