Columbus, OH

The Associated Press

DETROIT (AP) — Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but common to many are growing vehicle stockpiles on dealer lots, requiring increased discounts to sell them to buyers with stressed-out household budgets. Ford Motor Co., which reported a drop in second-quarter earnings due electric-vehicle losses and persistently high warranty costs, led the declines. Its shares have fallen 20% this week. But others such as General Motors, Tesla, Stellantis and Nissan, all saw their shares drop about 8% or even more. Carlos Tavares, CEO of Jeep and Ram maker Stellantis, said a significant auto-industry storm he’s been warning about for several years has arrived. “We are in it,” he told reporters after releasing disappointing earnings Thursday. “For me, it’s a no brainer that this industry is going to be in turmoil.”

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

GMC Savana Sales - Q2 2024 - United States. In the United States, GMC Savana deliveries totaled 6,401 units in Q2 2024, a decrease of about 12 percent compared to 7,269 units sold in Q2 2023. In the first six months of the year, Savana sales decreased about 38 percent...

GMC Savana Sales Down 12 Percent Moving 6K Units During Q2 2024

TRAILBLAZER -17.62% 27,891 33,857 -15.71% 52,099 61,808. In Canada, Chevrolet Trailblazer deliveries totaled 3,077 units in Q2 2024, an increase of about 135 percent compared to 1,311 units sold in Q2 2023. In the first six months of the year, Trailblazer sales increased about 74 percent to 5,677 units. MODEL...

Chevy Trailblazer Sales Take Fourth Place In Class With 28K Deliveries During Q2 2024

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?

Cathie Wood's Ark Investment Management issued a new forecast for Tesla stock last month. Wood thinks Tesla is the biggest artificial intelligence (AI) opportunity in the world, thanks to its full self-driving technology. Wood thinks Tesla stock will soar to $2,600 by 2029, but I think investors should pump the...

1 Unstoppable Stock That Could Soar 1,110% by 2029, According to Cathie Wood

North Carolina State

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community_voice

Town Talks

As much as we want our pets to live forever, there will come a day when we have to say goodbye. Holding a memorial service for your pet and laying them to rest can be a great way to begin the healing process.

Can you bury a pet at home in your backyard in North Carolina? Here’s what state law says

Virginia State

Cheryl E Preston

Bryshere Gray's name has been added to a growing list. Some Virginians have been keeping up with the ever-increasing tales of celebrities and their alleged connections to the saga of Sean Diddy Combs. There are now rumors that Empire actor Bryshere Gray is suing Diddy and Will Smith.

Empire actor Bryshere Gray is allegedly suing Will Smith and Sean Combs

Georgia State

Douglas, GA

Daily Coffee Press

Last week, a 32-year-old was arrested on trafficking charges after allegedly fleeing from a traffic stop and abandoning the vehicle with a child in the passenger seat. The chase resulted in the discovery of 230 grams of methamphetamine, which the suspect allegedly threw out while fleeing on foot. According to local detectives, the vehicle the suspect was driving was registered to NFL football player Tyreek Hill.

Man Driving Vehicle Registered to Tyreek Hill Arrested on Drug Trafficking Charges in Douglas

Polk County, FL

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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

Minnesota State

National Weather Force

Severe thunderstorms are expected in parts of Minnesota and portions of eastern South Dakota from the afternoon into the late evening with a few storms lingering into the night. The risk with these storms will be damaging winds, large hail, and perhaps isolated tornadoes if ingredients can align (although not the main risk). Check below for further details on timing and location.

Damaging Winds & Large Hail & Embedded Tornado Possible; Minnesota; Late Afternoon; August 3rd, 2024

The Motley Fool

The AI chip leader has high expectations to meet heading into its next earnings release.

Should You Buy Nvidia Stock Before Aug. 28?

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

Kentucky State

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

Tallahassee, FL

The FBI is investigating the disappearance of a now 13-year-old girl who went missing from Florida last year and has ties to Georgia and Tennessee. A $15,000 reward is being offered to anyone with information that can lead to her location.

FBI Investigating Disappearance of 12-Year-Old Girl Who Has Ties to Georgia

Hiring lost momentum in July as employers added 114,000 jobs, a far smaller number than economists had expected. The unemployment rate, meanwhile, jumped to 4.3%. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.

Disappointing numbers in July jobs report, unemployment hits 4.3%

Waterloo, IA

Deere & Co. is reducing its salaried global workforce as tractor sales weaken through a difficult farm economy, adding to a series of recent layoffs across the company. Increased operational costs and demand declines have “unfortunately forced us to make tough decisions,” a Deere spokesperson told Agriculture Dive in an email Thursday. The company confirmed salaried workforce reductions were taking place, but did not disclose exact numbers or estimates.

Deere lays off salaried workers as sales tank

Massachusetts State

Camilo Díaz

(MA) Meet Gibson Band, a pocket-sized pup with a huge heart full of love. This 4-year-old Chihuahua grew up as an owned pup in a loving home. Unfortunately, Gibson's owners recently went through some unexpected life changes, and as such were no longer able to provide him with the care and love he needed. Now, Gibson is living safely with a foster family found through Great Dog Rescue New England. Despite loving his foster family, Gibson hopes he will not have to wait very long before he can make his final move to a furever home!

Tiny 8-Pound Chihuahua Searching For Love After Owner Forced To Surrender

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

Denver, CO

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

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

NewsBreak

GM Stock Value Falls 7 Percent During Week Of July 29 – August 2, 2024

The value of GM stock was down during the week of July 29th to August 2nd, 2024. Shares closed the week at $41.17 per share, representing...

GM Stock Value Falls 7 Percent During Week Of July 29 – August 2, 2024

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