Columbus, OH

CBS News

Consumer prices are continuing to moderate, with June data showing U.S. inflation is once again cooling after unexpectedly high readings earlier this year. The new report could help bolster the case for an interest rate cut from the Federal Reserve in September.Consumer prices declined 0.1% in June from May, with inflation curtailed by lower gas prices and a smaller increase in costs at the grocery store. On an annual basis, inflation registered at 3.0%, down from 3.3% in May, indicating that inflation is cooling faster than expected, as economists polled by FactSet had forecasted an increase of 3.1%.The reading is...

In a boost for consumers, U.S. inflation is cooling fast

The Associated Press

U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level that the Federal Reserve has been aiming for. Jobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week, the Labor Department reported Thursday. It’s the eighth straight week claims came in above 220,000. Before that stretch, claims had been below that number in all but three weeks so far in 2024. Weekly unemployment claims are widely considered as representative of layoffs. The Federal Reserve raised its benchmark borrowing rate 11 times beginning in March of 2022 in an attempt to extinguish the four-decade high inflation that shook the economy after it rebounded from the COVID-19 recession of 2020. The Fed’s intention was to cool off a red-hot labor market and slow wage growth, which it says can fuel inflation.

More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks

Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you.

US Economy News Today: Mortgage Rates Drop For Second Week in a Row, Freddie Mac Says

Coral Gables, FL

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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Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Business Times

Geopolitical tensions took center stage on Wall Street Wednesday after U.S. presidential candidate Donald Trump expressed reservations about defending Taiwan, sending ripples through the financial markets. The chipmaking sector bore the brunt of the fallout, with shares of major players tumbling and investors seeking refuge in safer assets like gold.

Trump's Taiwan Remarks Shake Wall Street; Chip Stocks Plunge Amid Geopolitical Concerns

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

Pennsylvania State

Butler, PA

In the wake of the recent attempted assassination of former President Donald Trump, new video footage has emerged that sheds light on the movements of Thomas Matthew Crooks, the 20-year-old gunman, before the incident. The video, obtained exclusively by Pittsburgh's Action News 4, shows Crooks lingering near the rally site in Butler, Pennsylvania, an hour before he opened fire.

Video Shows Trump Assassin at Rally an Hour Before Shooting, Sparks Scrutiny

Chicago, IL

The ongoing investigation into the assassination attempt on former President Donald Trump last Saturday has unveiled critical details about the suspected gunman, Thomas Matthew Crooks. According to sources familiar with the investigation, Crooks conducted phone searches for the dates of Trump's rally in Butler, Pennsylvania, and the upcoming Democratic National Convention in Chicago. The FBI confirmed these findings, highlighting the broader security concerns ahead of the convention.

Trump Rally Shooter's Search History Raises Security Concerns for DNC

North Carolina 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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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

Oregon State

Youngstown, OH

The Shy Green

A look at some recent news from the pharmacy world. Rite Aid, a familiar name in communities across the country, is facing some tough times. After filing for bankruptcy, they've now announced the closure of four additional locations, adding to the more than 200 stores already shuttered. These closures are part of Rite Aid's strategy to reevaluate its retail presence and navigate through financial challenges.

A well-known pharmacy is closing four more stores because they went bankrupt

Royal enthusiasts have been vocal on social media, playfully demanding "justice for Prince Louis" after the young royal was conspicuously absent from two high-profile events. Despite the presence of his parents, Prince William and Kate Middleton, and his older siblings, Prince George and Princess Charlotte, at both the Euro 2024 final and the Wimbledon final, Prince Louis was nowhere to be seen.

Fans Demand 'Justice for Prince Louis' After Latest Royal Snub

In a delightful and somewhat surprising display of camaraderie, Kim Kardashian shared her reaction to the Taylor Swift-inspired birthday cake that her longtime friend, Ivanka Trump, presented to her daughter, Arabella, on her 13th birthday. The celebration, marked by a cake bearing Swift's lyrics, drew attention not only for its elaborate design but also due to the history of Kardashian's long-standing feud with the pop star.

Kim Kardashian Reacts to Ivanka Trump Celebrating Daughter Arabella with Taylor Swift-Themed Cake

Carol Perez

There are lots of places in the US where you don’t necessarily need a car. There might be good public transportation and/or your area might be walkable, but for others, this might not be the case.

Free Car Programs: 16 Ways to Get a Car Without Paying

United Airlines reported a robust 23% increase in second-quarter profit, driven by strong demand for international travel. However, the airline's third-quarter forecast fell short of Wall Street expectations due to industry-wide overcapacity, which has pressured airfares.

United Airlines Reports 23% Profit Jump, but Forecast Misses Amid Industry Challenges

China has expressed strong dissatisfaction and firm opposition to a recent joint maritime drill conducted by Japan and Taiwan, lodging a formal protest with Tokyo. The exercise, involving Taiwan's "Patrol No. 9" inspection ship and Japan's aircraft-carrying inspection ship "Sagami," took place near the southern tip of the Boso Peninsula and the waters around Izu Island, according to reports.

China Condemns Japan-Taiwan Maritime Drill Amid Rising Tensions

Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending July 13th, initial jobless claims were at a seasonally adjusted level of 243,000, an increase of 20,000 from the previous week's figure. The latest reading is higher than the forecast of 229,000 jobless claims.

Unemployment Claims Up 20K, Worse Than Expected

Dollar General has agreed to pay $12 million in penalties and undertake significant safety improvements across its nearly 20,000 U.S. stores. This settlement with the Department of Labor aims to address longstanding safety concerns that have plagued the discount retailer for years.

Dollar General to Pay $12 Million in Fines Over Workplace Safety Violations

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social.

SEC Sues Trump Media SPAC Ex-CEO Patrick Orlando for Alleged Fraud

UPI News

The number of people filing for unemployment benefits for the first time jumped a seasonally adjusted 20,000 to 243,000 last week, tying a high for the year, the Labor Department said on Thursday.

Initial weekly jobless claims hit 243,000; tie 2024 high

Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results.

US Jobless Claims Rise, Suggesting Labor Market Cooling as Fed Eyes Rate Cuts

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