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’

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: Consumer Sentiment at Lowest Point Since Last Year

Axios

Economists anticipated lackluster economic growth last quarter. Instead, growth surged, a sign of the still-resilient economy. Why it matters: The soft landing was very much intact this spring. Price pressures eased, but not at the expense of the strong economy and labor market. What they're saying: "While these estimates will...

The economic slowdown that wasn't

Despite high inflation over the past few years, buying power has gone up because pay raises have more than kept up. Typical hourly pay goes farther now than it did before the pandemic, according to the latest data on wages and consumer prices. More members of the public say they're...

Believe It Or Not: Lower Inflation and Higher Wages Have Made Paychecks Go Further

Fox Business

A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates.

Credit card delinquency rates hit worst level since 2012 in new Fed study

Earlier this year, diners and social media users began to complain about portion sizes at Chipotle restaurants. On Wednesday, executives at Chipotle said there was never a "directive" to make portions smaller and that the company is working to address quantity issues at some restaurants. Those efforts will hit Chipotle's...

Here's What Chipotle Says It's Doing About Those Portion-Size Complaints

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?

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

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

New York City, NY

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Massachusetts State

NewsByJoshua

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

Auburn, NY

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

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

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

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

Motor1.com

A study shows cars are being repossessed at a shockingly high rate through the first half of 2024, exceeding pre-pandemic levels. Car prices have skyrocketed in recent years. Not everyone can afford those monthly payments, a new study shows. Recent data from Cox Automotive shows auto repossessions are up 23 percent compared to last year. That's a significant jump, taking repos to levels not seen since before the COVID-19 pandemic.

Auto Repossessions Are Soaring

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

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

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

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

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

NewsBreak

US Consumer Sentiment Declines As Low Earners Become More Concerned

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...

US Consumer Sentiment Declines As Low Earners Become More Concerned

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