LONDON -- The Bank of England is facing a dilemma about whether to cut interest rates next month after official figures Wednesday showed inflation holding steady at its target against expectations of a modest decline, possibly as a result of Taylor Swift's Eras Tour. The Office for National Statistics said...

Bank of England faces dilemma after potential Taylor Swift upside impact on UK inflation

Amid expectations that the Federal Reserve will cut benchmark interest rates in the coming months, analysts at investment banking company Jefferies anticipate that mortgage rates could reach 6.5% at the end of 2024 and 5.75% in 2025, unlocking $2.7 trillion in refinancing opportunities. “Recent economic data supports a path toward...

Lower rates could support a $2.7T refinance rally: Jefferies

UPI News

On Thursday, the European Central Bank declined to cut its interest rate further, deciding to hold steady at 3.75% after trimming it in June.

European Central Bank holds interest rates steady

Reuters

BRASILIA (Reuters) -Brazil's government kept its economic growth projection for this year at 2.5%, saying that support measures for families, businesses, and regional governments would offset the negative impacts of unprecedented flooding in its southernmost state.

Brazil holds 2024 GDP projection at +2.5%, raises inflation forecasts

North Carolina State

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Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Florida State

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Edmond Thorne

Florida’s New Law on Condo Association Parking: A Comprehensive Overview. Broward County, FL. -- With many South Floirda condo assocations blocking owners and renters from parking their trucks and business vans in their own drivesways, residents have fought back with their legislators. Now, Florida has recently passed a new law that significantly impacts the rules around parking in condominium association lots and driveways. This law, which will go into effect on July 1, 2024, has stirred up a lot of discussion among homeowners and condo associations alike.

Florida's New Law on Condo Parking: Truck Owners & Business Owners Win Big

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

California State

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

Pennsylvania State

Butler, PA

(Reuters) - The gunman who tried to assassinate Donald Trump fired from a rooftop that the U.S. Secret Service had declared to be outside its security perimeter -- a fatal omission that the agency should not have made, according to two of its former officials. Two local Pennsylvania police officers...

Trump gunman shot from roof that wasn't secured by any agency

NewsByJoshua

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

The Independent

The pound and London stocks both climbed higher after inflation was hotter-than-expected last month.On Wednesday, the pound lifted to its highest against the dollar for a year after the Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation stayed at 2% in June.It was above the 1.9% predicted by economists, while service sector inflation remained particularly high for the month, at 5.7%, due to surging hotel prices.Sticky inflation in the service sector caused increased doubts among economists that the Bank of England will cut interest rates next month, providing a boost to sterling.UK investors are digesting the impact...

Pound bounces to year-high versus dollar after inflation holds at 2%

Today’s column will be a brief one, because it’s summertime and the people on the beach generally don’t read my column. I saw a headline today for an article on Realtor.com. “June 2024 Rental Report: Median Asking Rents Continue to Fall.”. Here is the first chart,...

The Residual Effect on Rent Inflation of the Eviction Moratorium

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?

The Shy Green

Unexpected Bankruptcy Looms for LL Flooring Amid Economic Challenges. In a surprising turn of events, LL Flooring, a major player in the U.S. hardwood flooring market, is reportedly teetering on the edge of filing for Chapter 11 bankruptcy. This news has sent shockwaves through the retail industry, given the company's prominent position and widespread presence across 47 states.

A store that sells tools and home supplies is suddenly going bankrupt

Kentucky State

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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

Total Apex Sports & Entertainment

We are often eager to share our success with our loved ones. Some are self-obsessed with their achievements while others allow people to share their experiences. Yet, some zodiac signs are naturally humble. You won’t hear them bragging about what they did to people in their circles or despising them.

5 Most Humble Zodiac Signs

New York City, NY

(Reuters) - Credit rejection rates were higher in June than earlier in 2024 but slightly lower than a year ago, new data from the Federal Reserve Bank of New York said on Monday.

NY Fed finds rise in credit rejection rate in June

Evercore ISI analysts recommend taking advantage of the recent downturn in semiconductor equipment (SCE) stocks to invest in high-quality names, citing trade concerns as overblown. According to Evercore ISI, the near-term probability of implementing stricter Foreign Direct Product Rule (FDPR) restrictions is low. They view the current weakness in SCE...

Use weakness in chip stocks to buy high-quality names: Evercore ISI

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

NewsBreak

India cenbank pegs natural rate higher, analysts caution on policy easing

MUMBAI (Reuters) -India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by...

India cenbank pegs natural rate higher, analysts caution on policy easing

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