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

Markets Insider

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk," Bill Dudley wrote.

It may already be too late for the Fed to stop a recession, former central bank president says

TheStreet

The central bank raised rates from March 2022 until July 2023.

Vanguard offers unexpected Fed interest rate forecast

Investing.com -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime. "The facts have changed, so...

Fed's Dudley now calling for Fed rate cut next week amid recession concerns

Chicago, IL

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

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?

Social Security is a major source of income for most retirees. Yet most people don't know how much income they may receive from the program. Here's how to access your Social Security retirement benefit estimate. For most retirees, Social Security benefits is a major source of income. Yet, just 11%...

Most people don't know how much their Social Security retirement benefits may be. Here's how to tell

Fond Du Lac, WI

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

NewsByJoshua

In a recent move that’s bound to shake things up, Mercury Marine has announced a series of partial layoffs affecting about 1,700 employees at their Fond du Lac headquarters. The company, grappling with a decline in sales, is implementing these layoffs throughout the rest of the year.

An engine manufacturer is laying off 1,700 workers due to drop in sales

Pennsylvania 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

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

A recent AARP poll shows voters ages 50 and up are divided in their support for who takes the Oval Office in November. Here's what a push to put Vice President Kamala Harris at the top of the ticket could mean for those voters. Last Wednesday, a group of "Boomers...

Older voters face new decision in November with Kamala Harris poised to lead Democratic ticket

With President Joe Biden out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination. While Harris has yet to outline her economic agenda, voters could see similar themes to Biden's proposals, which have called for higher taxes on the wealthy and corporations.

Here's where Kamala Harris could stand on tax policy, experts say

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

CNBC's Jim Cramer looked at what might have caused Wednesday's Big Tech declines, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla. "Wall Street, it looks like it's had it with the mega caps, doesn't it? We don't want to hear about the 'Magnificent Seven' anymore," he said. "Everyone thinks these stocks have gone to unsustainable levels, so that they want to lock in gains and pivot to groups that have room to play catch-up, like the small caps."

Jim Cramer examines Wednesday's brutal tech sell-off

If you’ve been following the electric vehicle (EV) scene, you might have heard some concerning news about SK On, the South Korean battery manufacturer. They’ve hit a bit of a rough patch due to lower-than-expected sales of electric vehicles in key markets like Europe and the U.S. Let's dive into what’s going on and why it matters.

Battery Manufacturer Declares Urgency Due to Low EV Sales, Says Financial Times

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

In June, unemployment inched up a little bit higher to 4.1% from 4% in May, according to the Bureau of Labor Statistics. Altogether, 6.8 million people are out of a job, which means millions are currently looking for their next role. If you're job searching yourself, remember that sending out...

When you're job-seeking, don't think 'I have to send out 100 applications a week,' says expert—do this instead

Warren Buffett and Berkshire Hathaway's top insurance executive warned this year about the potential for massive losses from cyber insurance policies. The CrowdStrike-caused global IT outage will be a key test for cyber insurance underwriters, with Fitch Ratings expressing confidence that losses will not exceed $10 billion. Other cyber policy...

CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

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

“[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

Inflation as measured by Personal Consumption Expenditures likely fell in June, according to forecasts, mirroring the trend seen in a different inflation report earlier this month. PCE inflation is especially noteworthy because officials at the Federal Reserve pay close attention to it when setting the nation's monetary policy. Should Friday's...

What to to Expect From Friday's Closely Watched US Inflation Report

NewsBreak

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

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...

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

Comments / 0