Fortune

Former President Donald Trump has said that should he win a second term he would implement a 10% tariff on all foreign goods coming into the U.S. Stubbornly high inflation has been showing signs of abating in recent months, but one prominent research firm is betting it’s set to rise. And the reason? To paraphrase a Clinton-era political saying, it’s the election, stupid.

Inflation will go up regardless of who the next president is, but under Trump’s tariffs it would be higher for longer, Oxford Economics says

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

Fox Business

The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.

Inflation measure closely watched by the Fed rises 2.5% in June

TheStreet

Markets hope the Federal Reserve will start cutting rates to avoid a recession.

PCE inflation report cements timing of next Fed interest rate cut

POLITICO

It’s unclear whether Harris will have any more luck than President Joe Biden did in boosting Americans' sentiments about the economy.

GDP surge: 'The fundamentals are on the side of Harris'

The New Republic

Elon Musk is denying reports that he plans to donate $45 million per month to support Trump’s candidacy, in more terrible news for the former president.The Wall Street Journal had previously reported that Musk planned to make the staggering contributions to the pro-Trump political action committee America PAC. In an interview with right-wing influencer Jordan Peterson broadcast on X Tuesday, Musk told Peterson that the report “is simply not true. I’m not donating $45 million a month to Trump.“Now, what I have done is I have created [the America PAC],” he continued. Earlier this month, The New York Times reported...

Elon Musk Suddenly Pulls the Rug Out From Under Donald Trump

New York City, NY

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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

California State

Hawaii State

Real Simple

These unlucky states boast grocery prices well above the national average.

5 States With the Highest Grocery Bills, According to the U.S. Census Bureau

Colorado State

Boston, MA

BOSTON (WBZ NewsRadio) — Boston resident and living kidney donor Teagan Walter is running a relay race to prove a point. WBZ NewsRadio recently spoke to Walter, who is planning to run the Wild West Relay race within a pack of a dozen fellow kidney donors and recipients. “I...

Boston Resident Will Run Relay Race To Advocate For Kidney Donations

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NewsByJoshua

Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.

A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy

A new report by the U.S. Department of Agriculture indicates that the price of food will continue to decelerate throughout the year. In 2024, prices for all food are predicted to increase 2.2%, with food-at-home prices projected to go up just 1%. Looking beyond this year, the U.S. Department of...

Grocery food prices are expected to fall in 2024 and 2025

Moline, IL

(Moline, IL) -- Deere and Company has begun laying off salaried employees. A statement from the company sent to WQAD News 8 does not specify the number of employees affected or the locations impacted. The company says a reduction in product demand and increased operational costs at John Deere have...

Deere and Company Begin Laying Off Salaried Employees

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

With Southwests announcement yesterday, all airlines are now the same. America is running out of generic drug makers. Another one in on the brink. The show closes with this week’s ‘World in Review.’

BHS – 8A – America Drug Makers | This Week's ‘World in Review’

Wisconsin State

Butler, PA

New bodycam video footage confirmed that Secret Service agents had identified Thomas Matthew Crooks as a suspicious person before an attempted assassination attempt targeting former President Donald Trump. The graphic video, which was released by Sen. Chuck Grassley (R-Iowa), shows local police officers and an apparent Secret Service agent standing...

New Footage Shows Secret Service Was Warned About Trump Shooter

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. A Walmart shopper recently made a video that demonstrates inflation’s effect in a simple and shocking manner. Unlike most fast fashion consumers, the shopper, under the account Sewerlidd on TikTok, ordered again exactly 45 purchased items after two years. The result was shocking: the cost summation had risen by 400% and it had tripple the amount of money he used in 2021.

Man Checks Inflation by Reordering Same Grocery List from Two Years Ago—It Costs Three Times As Much

Motherly

Teen participation in the job market has reached levels not seen since the Great Recession.

Inflation causing more teens to enter workforce to help their families pay bills

The Motley Fool

Even with moderating inflation, there's still a big problem for retirees with whatever next year's COLA will be.

Here's the Latest 2025 Social Security COLA Estimate -- and Why It's Both Good News and Bad News for Retirees

Hermleigh, TX

A 5.0-magnitude earthquake struck Hermleigh, Texas, Friday (July 26) morning, the second to hit the city in three days, according to the United States Geological Survey. The earthquake was centered at a depth of 3.3 kilometers (about 2.0 miles). The USGS said it received 742 reports of people having felt the earthquake at the time of publication on Friday.

5.0 Magnitude Earthquake Reported US City Days After Another

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?

NewsBreak

Key Inflation Measure Watched By The Fed Increased 2.5% In June

The Personal Consumption Expenditures (PCE) Price Index, a key measure of inflation closely watched by the Federal Reserve, rose by 2.5% in June from year-ago levels,...

Key Inflation Measure Watched By The Fed Increased 2.5% In June

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