A new report showed while the economy continued to demonstrate strength, underlying weakness in consumer spending could slow it down. Shoppers have become more price sensitive, cutting down on discretionary purchases or substituting for cheaper items. Depleted savings and rising debt levels are also weighing consumers down. Some economists are...

US Consumers Are Increasingly ‘Tapped Out’

Overdue credit card bills are the highest they’ve been since the Federal Reserve Bank of Philadelphia started keeping track in 2012. The proportion of card balances that were more than 60 days past due, making them delinquent, topped 2.5% in the first three months of the year, according to a report published Wednesday. That’s more than double the lows seen in the third quarter of 2021, as pandemic-era federal stimulus money helped borrowers pay off their balances in full.

Overdue credit card balances hit their highest level in more than a decade

Consumer sentiment moved lower again in July, despite improving expectations on inflation. Survey data showed lower-income earners are starting to feel worse about economic conditions, while sentiment remains elevated for higher earners. However, consumer sentiment stands to improve for everyone if gas prices stay low and the Federal Reserve follows...

US Consumer Sentiment Declines As Low Earners Become More Concerned

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

The yield on the 10-year Treasury note declined 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...

10-year Treasury yield falls as traders weigh economic data, look to next week's Fed meeting

Shares of Dexcom tumbled in extended trading Thursday after the company reported second-quarter earnings that missed estimates and slashed its full-year revenue guidance. The maker of glucose monitors said it now expects organic revenue growth of 11% to 13%, down from its projection in April of 17% to 21%. The...

Dexcom Stock Plummets on Earnings Miss, Guidance Cut

Auburn, NY

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NewsByJoshua

There's some tough news hitting the community as Bimbo Bakeries announces it’s closing three of its factories, including a major one in Auburn, New York. This move has left locals upset and calling for action from officials.

Major Grocery Brand Shuts Down Three Factories, Sparking Community Outcry

New York City, NY

Massachusetts State

Stop & Shop Announces Closure of 32 Stores Across the Northeast. Stop & Shop, a well-known grocery chain, has confirmed the closure of 32 of its underperforming stores across the Northeast region of the United States. The decision, aimed at streamlining operations and fostering future growth, will affect locations in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island, with all closures scheduled to be completed by November 2nd.

A well-known grocery chain, has confirmed the closure of 32 of its under performing stores

Chicago, IL

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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?

PYMNTS

Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with management still acknowledging some signs of consumer hesitancy. Speaking to analysts on an earnings call, CEO James Quincey discussed consumer behavior during...

Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers

Virginia State

Cheryl E Preston

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

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

The S&P 500 added 1.1% on Friday, July 26 as PCE data reaffirmed cooling inflation, bolstering expectations for interest-rate cuts. 3M shares tore higher after the industrial conglomerate beat quarterly estimates and lifted its full-year guidance. Shares of glucose monitor manufacturer Dexcom plunged as slower-than-expected new customer additions contributed to...

S&P 500 Gains and Losses Today: 3M Stock Skyrockets After Beat-and-Raise Report

Booz Allen Hamilton missed profit expectations for its fiscal 2025 first quarter when it reported results Friday. The global management and technology consulting company affirmed its previous guidance for full-year adjusted EPS of between $5.80 and $6.05, mostly below analysts' consensus estimate of $6.04. Booz Allen stock plunged 10% in...

Booz Allen Hamilton Stock Sinks as Q1 Profit Misses Estimates

Shares in fast casual restaurant Chipotle Mexican Grill jumped in extended trading Wednesday after the burrito maker reported second-quarter results that came in above Wall Street’s expectations. Following a correction of around 24%, Chipotle shares appear to have found support near a trendline linking prior price action and the...

Watch These Chipotle Price Levels as Stock Jumps After Strong Earnings Report

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

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Most Americans don’t feel financially prepared for financial emergencies like medical bills or taking on caregiver costs, a new survey found. Having an emergency fund can help navigate unexpected expenses. Saving can be hard. Experts suggest setting manageable savings goals and checking whether employers offer support. Many Americans are...

Most Americans Aren't Ready For Unexpected Expenses. Emergency Funds Can Help

Amazon reports earnings after the bell Thursday, with analysts expecting 11% revenue growth and a 65% bump in net profits. The company could also provide updates on Prime Day, and how the sales event could impact third-quarter results. Amazon (AMZN) reports earnings after the bell Thursday, with investors watching the...

What You Need to Know Ahead of Amazon Earnings Thursday

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

NewsBreak

US Economy News Today: Consumer Sentiment at Lowest Point Since Last Year

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...

US Economy News Today: Consumer Sentiment at Lowest Point Since Last Year

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