At least the monthly jobs report wasn’t boring. The U.S. Bureau of Labor Statistics said employers added 114,000 jobs in July, the lowest number since December of 2020. Unemployment, meanwhile, rose to 4.3%. Both numbers were weaker than expected. And it sent stocks plunging on Friday. The S&P 500...

Unemployment rises, stocks plunge and the economy becomes a question mark

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.”. That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly...

Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

Blacksburg, VA

One of our long-time rented farms near Blacksburg, Virginia, home of Virginia Tech, was the venue for a special wedding celebration. The location was McDonald's Mill, named for the McDonald family who are known as founders of the area in the late 1700s. After the first cutting of hay, the owners used the hayfield near the old mill as the perfect location for a large tent.

Is the economy headed for a recession?

The Independent

Fears over a slowing economy heading into the election season mounted on Friday when federal officials released disappointing job numbers.The Labor Department stated that in July the economy added 1114,000 jobs - a figure that missed expectations, according to the Wall Street Journal. That is compared to the economy adding nearly 180,000 jobs in June.“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” Becky Frankiewicz, president of the ManpowerGroup employment agency, said, according to CNBC. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the...

Economic recession fears grow after bleak jobs report and unemployment spike

CBS News

The U.S. economy may be slowing down. The Labor Department announced 114,000 jobs were added in July, which is below the average of 215,000 jobs per month. Meanwhile, the unemployment rate rose again for the fourth straight month.

Signs show U.S. economy could be slowing down as unemployment rate rises

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

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?

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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

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

The Nasdaq 100 Index has plunged into correction territory, wiping out more than $2 trillion in value in just over three weeks. The index was down 1.7% in early trading on Friday, taking its loss since a July 10 record past 10%, with Apple Inc. leading declines. If that holds through end of trading, it will meet the definition of correction.

Nasdaq 100 plunges into correction territory

Reuters

NEW YORK (Reuters) -U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession.

Stocks drop, Nasdaq confirms correction as recession fears mount

Illinois State

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

Pennsylvania State

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

USA TODAY

Another rise in the unemployment rate in Friday's jobs report traditionally would signal a recession. But this time is likely different, experts say

Jobs report: Unemployment rise may mean recession, rule says, but likely not this time

Wednesday’s Fed meeting allayed recession concerns and heightened hopes for a soft landing. Friday’s jobs report, unfortunately, stoked recession fears right back up again. The report, released by the U.S. Bureau of Labor Statistics, revealed that the economy added 114,000 jobs in July, far undershooting expectations. Monthly job...

One detail in the jobs report reignites experts’ recession concerns

(RTTNews) - The Institute for Supply Management released a report on Thursday showing U.S. manufacturing activity unexpectedly contracted at an accelerated rate in the month of July. The ISM said its manufacturing PMI fell to 46.8 in July from 48.5 in June, with a reading below 50 indicating contraction. Economists...

U.S. Manufacturing Index Unexpectedly Indicates Accelerated Contraction In July

In July, the U.S. economy faced an unexpected setback as hiring fell sharply and unemployment rose for the fourth consecutive month, with raised interest rates affecting businesses and households; employers added just 114,000 jobs—35% fewer than anticipated—and the unemployment rate climbed to 4.3%, the highest since October 2021, prompting significant market drops and raising concerns about a potential recession despite overall job gains this year.

Unexpected July Job Slump: A New Jolt to Recession Worries

Milwaukee, WI

It was a scene to behold: a union president delivering a booming, barn-burner speech at the Republican National Convention in Milwaukee—“the first Teamster in our 121-year history” to address the Republican Party, Teamsters President Sean O’Brien told the cheering crowd. While the union hasn’t endorsed former President Donald Trump (yet), O’Brien’s appearance—and Trump’s pick of Ohio Senator and “ Hillbilly Elegy ” author J.D. Vance as his running mate—aimed to solidify the bizarre notion that the Republican ticket is pro-labor and “ economic populist .”

How Trump and Vance Betray America’s Workers

New Jersey State

New Brunswick, NJ

Morristown Minute

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

NewsBreak

U.S. stock markets plummet as weak jobs report adds to U.S. recession fears

U.S. stock markets tumbled Friday as a much weaker-than-anticipated jobs report for July added to worries that the U.S. economy could be falling into a recession....

U.S. stock markets plummet as weak jobs report adds to U.S. recession fears

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