ABC News

U.S. GDP grew at a 2.8% annualized rate over three months ending in June.

US economy grew much faster than expected in 2nd quarter

Reuters

TOKYO (Reuters) - Japan's factory activity contracted slightly in July as output and new orders fell and firms remained under pressure from higher prices, a business survey showed on Wednesday.

Japan's July factory activity slips, service sector solid, PMI shows

The Independent

 The American economy, boosted by healthy consumer spending, is believed to have regained some momentum this spring after having begun 2024 at a sluggish pace.The Commerce Department is expected to report Thursday that the gross domestic product — the economy’s total output of goods and services — increased at a solid if unspectacular 1.9% annual rate from April through June, according to a survey of forecasters by the data firm FactSet. That would be up from 1.4% annual growth in the January-March quarter.Despite the likely uptick, the U.S. economy, the world's largest, has clearly cooled in the face of...

US growth likely picked up last quarter after a sluggish start to 2024, reflecting resilient economy

 China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.The move coincided with a downturn in world stocks, extending losses in Chinese markets that have declined this year while share prices soared in many other countries. By midday, Hong Kong's Hang Seng was down 1.4% and the Shanghai Composite index lost 0.4%. The People’s Bank of China said it cut the lending rate for one-year medium term policy loans by 20 basis points to 2.3%. The rate on 7-day loans was reduced to 1.7%. Major state-run banks...

China cuts 1-year benchmark rate, moving to boost economy as world markets languish

US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to the year. The acceleration "primarily reflected an upturn in private inventory investment and an acceleration in consumer spending," said the Commerce Department.

US economy beats growth expectations in second quarter

New York City, NY

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.

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

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

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.

community_voice

Total Apex Sports & Entertainment

In the charmingly delightful world of astrology, you should know that each of the zodiac signs carries a specific set of traits. Those characteristics influence how individuals navigate the challenges they may meet in life. Some signs are known for their over-the-top boldness. These are the people who usually have such a strong willingness to face conflicts head-on.

3 Zodiac Signs That Hate Confrontation

There’s a thin line between an explanation and an excuse, and as the company that crashed around 8.5 million computers around the world, CrowdStrike is very much hoping its mea culpa is taken as something closer to the former. On Wednesday, the cybersecurity colossus offered a candid assessment of...

CrowdStrike Explains Just What the Heck Happened

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?

U.S. Treasury yields declined on Thursday as investors sifted through a batch of economic data and prepared for next week's Federal Reserve meeting. Yields and prices move in opposite directions. One basis point equals 0.01%. Treasurys. Yields ticked up slightly after a Commerce Department report suggested that economic growth has...

Treasury yields fall as traders weigh economic data, look to next week's Fed meeting

SAO PAULO (Reuters) -Consumer prices in Brazil rose more than expected in the month to mid-July on higher transportation costs, official data showed on Thursday, likely sealing the deal for the central bank to keep interest rates on hold at a policy meeting next week.

Brazil inflation speeds up ahead of central bank's rate decision

NewsNinja

In a deeply distressing event that has left the community of Padana village in Lahore reeling, a 15-year-old boy named Arsalan sadly ended his life by leaping from a water tank. The tragic incident is believed to have happened following Arsalan's receipt of poor grades in his final exams, a critical juncture in the educational structure of Pakistan.

Tragedy Strikes: Teenager Commits Suicide Over Exam Results in Lahore

Kentucky State

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

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Bucks County Beacon

As chairman of the U.S. Senate Committee on Health, Education, Labor & Pensions, Senator Bernie Sanders released a June report entitled “ By the Wealthy, for the Wealthy: The Coordinated Attacks on Public Education in the United States .” The report is a brief but thorough (16 pages of text, 4 pages of footnotes) takedown of the current wave of attempts to end public education as we know it.

Senator Bernie Sanders Warns in New Report of Right-Wing Billionaire Plot to Sabotage Public Education in Order to Privatize It

WASHINGTON -- The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services...

US economic growth increased last quarter to a healthy 2.8% annual rate

LONDON — European stocks closed slightly higher Tuesday as investors assessed the latest earnings reports from regional companies. European markets contended with a series of earnings reports and updates from companies, including Porsche, which cut its 2024 outlook, citing a shortage of special aluminium alloys. Porsche shares retreated on the news and closed down 5%.

European markets close slightly higher as investors assess earnings reports

Big Pharma’s post-COVID big bet is sputtering. Pfizer, Moderna, and GlaxoSmithKline have been among the companies developing vaccines for respiratory syncytial virus (RSV). The thinking was that in a world where COVID-19 vaccines are less lucrative, RSV could fill the gap on their balance sheets. However, a recent bit of guidance from the Centers for Disease Control and Prevention has knocked the wind out of the RSV vaccine market.

RSV Vaccines Lose Some Shine for Big Pharma

Private equity is hungry, and wealth management is on the menu. Investment funds managed by PE firm KKR have agreed to acquire the $150 billion wealth manager Janney Montgomery Scott from the Penn Mutual Life Insurance Company, marking another major equity deal in a busy year for the industry. Once...

Janney Montgomery Scott Sold in Major PE Deal

“[I]nvoking the favor and guidance of Almighty God,” the Constitution of the Confederate States of America composed by southern slaveholders in 1861 sought to “establish justice, insure domestic tranquility, and secure the blessings of liberty to ourselves and our posterity.” The authors of Project 2025, the latest playbook for restructuring the federal government in order to accomplish the policy goals of Christian Nationalists, similarly declare their manifesto will “decide America’s future” by securing their “God-given individual rights to live freely” and exercise dominion over others.

Legislating Inequality: The Christian Confederate Roots of Project 2025

NewsBreak

US Economy Trending Toward ‘Goldilocks’ Scenario: S&P Global

If America is on the cusp of a “Goldilocks scenario,” then Europe may have to make do with cold porridge. The latest data from S&P Global’s...

US Economy Trending Toward ‘Goldilocks’ Scenario: S&P Global

Comments / 0