TheStreet

The Fed's hopes of a soft landing for the U.S. economy got a major boost this week.

GDP report jolts Fed soft-landing hopes

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

PBS NewsHour

Prices rose just 0.1% from May to June, up from the previous month's unchanged reading. Compared with a year earlier, inflation declined to 2.5% from 2.6%.

Federal Reserve's favored inflation gauge cools, increasing likelihood of September rate cut

If Friday's labor market report shows the unemployment rate ticked up in July, it could trigger the Sahm Rule's recession indicator. The Sahm Rule theorizes that we are likely in a recession if the three-month moving average of the unemployment rate rises half a percentage point from its low point in the previous 12 months.

This Week's Jobs Report Could Trigger a Usually Reliable Recession Indicator

Port Richey, FL

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Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

Fox Business

A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.

Stocks could fall 30% as US heads for a deep recession, analyst warns

Denver, CO

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David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Perhaps chief among Kamala Harris’ vulnerabilities is her work on immigration as Joe Biden’s vice president — Harris was tasked with trying to address the core causes for migration into the US across the southern border, but illegal crossings also rose. Republicans have seized on this weakness,...

Kamala Harris’ confusing record on immigration is under the microscope

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

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?

Newark, NJ

Paterson, NJ

Morristown Minute

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

Reuters

WASHINGTON (Reuters) - U.S. consumer confidence unexpectedly rose in July, but remained in the tight range of the past two years amid lingering worries about inflation and higher borrowing costs.

US consumer confidence rises in July; inflation expectations steady

California State

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Golden Gate Media

Since April 1, when California mandated a $20 per hour minimum wage for fast-food workers, the state's restaurants have seen a notable rise in prices and a decline in customer traffic.

California Fast-Food Prices Surge as Wages Increase, Leading to Drop in Traffic, Spending: Report

New Jersey State

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

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

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

Virginia State

Ronkonkoma, NY

Cheryl E Preston

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Semaglutide, the active ingredient in blockbuster weight-loss and diabetes drugs like Ozempic, may help people quit smoking, a new study suggests. Researchers found that people taking the drug for diabetes who also smoked were 32% less likely to seek medical care for tobacco addiction than those taking other drugs. The...

Ozempic could hold promise for treating addiction, but many unknowns remain

NewsBreak

US labor market reaches unusual balance between hires, fires, and quits

How’s the US labor market looking these days? In a word, chill. Employers aren’t as hungry for new workers as they used to be: On Tuesday,...

US labor market reaches unusual balance between hires, fires, and quits

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