WashingtonExaminer

A lackluster jobs report that featured unemployment shooting to its highest rate since October 2021 is intensifying calls for the Federal Reserve to begin cutting interest rates. The economy added 114,000 jobs in July, far fewer than expected, and the unemployment rate rose two-tenths of a percentage point to 4.3%, the Bureau of Labor Statistics reported Friday. For the past year, […]

Fed pressured to cut rates as unemployment hits highest level in nearly three years

A key recession indicator has just been triggered after the unemployment rate in the United States rose to 4.3% in July, leading to a massive stock market sell-off that saw the S&P 500 index lose more than $1.2 trillion in hours and Bitcoin plunge to $63,000. The unemployment rate rise...

Key Recession Indicator That Accurately Predicted Every Recession Since 1970 Flashes Amid $2.9 Trillion Market Rout

California State

(The Center Square) - The United States triggered a highly accurate recession indicator as recession fears led to the largest stock selloff since December 2022. California, the nation’s largest economy, triggered the same indicator in late 2023. On the morning of August 2, the United States published unemployment data...

Stocks plummet: Following California, US job report triggers recession indicator

Markets Insider

While the so-called Sahm-rule indicator, which has been remarkably accurate in its history, has flashed, its creator isn't so sure about a recession.

Surging US unemployment has triggered a recession indicator with a perfect track record

US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting a faster deterioration in the labor market than previously thought and putting the Federal Reserve solidly on a path to cutting interest rates in September. Nonfarm payrolls rose by 114,000...

US unemployment rate rises again, cementing path to fed rate cut

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

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

The Biden administration has orchestrated the largest prisoner swap with Russia since the Cold War, freeing Wall Street Journal reporter Evan Gershkovich and Marine veteran Paul Whelan in exchange for a Russian hitman who was held in Germany. Russian-American journalist Alsu Kurmasheva was also freed.

Gershkovich, Whelan are coming home

Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high.

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Virginia State

A sizable portion of the Virginia congressional delegation sent a letter to federal regulators lauding Capital One as the bank navigates a high-profile bank merger approval with Discover Financial. The document, dated July 10 and first shared here, reads like a letter of recommendation for the Virginia-based credit card giant....

Virginia lawmakers hail Capital One amid merger review

Florida State

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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

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?

Ronkonkoma, NY

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

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

Kentucky State

Northern Kentucky Tribune

The Kentucky Secretary of State on Friday announced 14,502 Kentuckians registered to vote in July. “Kentuckians are signing up to vote in big numbers, because they trust the integrity of our elections,” said Secretary of State Michael Adams.

Kentucky voter registrations increased by more than 14,500 in July, the most since 2022

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

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 HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Jersey City, NJ

Essex County, NJ

NEWARK, N.J. – Efrin Wade, a former correctional officer at Essex County Correctional Facility (ECCF), has admitted to accepting $14,000 in bribes to smuggle contraband, including tobacco and a cell phone, into the facility for inmates. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Correctional Officer Guilty of Smuggling Contraband: $14K in Bribes Accepted

Sam Westreich, PhD

It’s not humans. How a survivor of a super-extinction repopulated our planet. There are more than 8 billion humans alive at this moment on Earth (unless something has gone horribly wrong). But humans aren’t the only dominant mammals.

Job gains come in below expectations

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