Maine Morning Star

The unemployment rate climbed to 4.3% in July, up 0.2% from June, the Friday employment report from the Bureau of Labor Statistics shows, alarming some economists who believe the Federal Reserve has waited too long to cut interest rates. The economy added 114,000 jobs and the number of people who were on temporary layoff rose […]

U.S. unemployment rises as the Fed holds tight on key interest rates

Richard Clarida, PIMCO global economic advisor and former Federal Research Vice Chairman, joins CNBC's 'Closing Bell' to discuss the latest Fed moves, the decision to leave rates unchanged, and more.

Fed's decision to leave rates unchanged was not a mistake, says PIMCO's Richard Clarida

ABC News

Each of the major stock indexes fell more than 2% in early trading on Monday.

Dow falls 1,000 points as recession fears fuel calls for interest rate cut

Former President Donald Trump said this week that if elected, he would lower interest rates. Interest rates are set by the Federal Reserve, which governs decisions about monetary policy independently from the White House. Therefore, it is theoretically free from political pressure. Fed Chair Jerome Powell has maintained that politics...

Trump promises lower interest rates. But he doesn't have that power

Rising recession risks have led two-year Treasury yields to plummet to their lowest levels of the year, prompting market expectations for more than the 75 basis points (bp) of rate cuts, Citi said in its note Friday. According to Citi, "the dovish pricing is appropriate given the inherent asymmetry" in...

Fed could cut 50bp at one or more meeting on bad data: Wall Street

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

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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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?

Japanese stocks experienced their biggest daily loss ever on Monday, August 5. Fears of a US crash have begun to ramp up. The Nikkei 225 index of leading stocks in Tokyo went down by 4,451 points. It’s the biggest drop in history. The index has closed more than 12% down. That takes its losses since early July to 25%, entering bear market territory.

Stocks Crash in Biggest One-Day Drop Ever as Global Market Rout Intensifies

The US Sun

THE deadline is looming to apply for a chunk of a multi-billion dollar settlement. Visa and Mastercard users could be eligible for a one-time payment due to claims that the organizations violated antitrust laws. Such laws are in place to ensure consumers and businesses have a right to a competitive industry, rather than the dominance […]

Americans have just weeks to cash in on $5.6bn Visa Mastercard settlement – but don’t worry if you didn’t receive form

Georgia State

A federal law has forced nearly 122,000 disabled veterans in the last 12 years to return payouts — some totaling tens of thousands of dollars — they received to leave the military when it needed to downsize, according to new data obtained by NBC News. The statistics come...

A little-known law has forced more than 120,000 veterans to return payouts they received to leave the military, new data shows

Arizona State

Water scarcity remains a concern for people around the world. In fact, a 2022 Gallup poll revealed that 57% of Americans worry more about safe drinking water than global warming, air pollution, or the extinction of animal species. Americans are also using more water than ever before, according to J.D....

These U.S. states have the best and worst tap water: Washington ranked No. 1 while Arizona came in dead last

San Francisco, CA

Last year, after selling a chunk of his stock and bond portfolio to purchase a house in cash, Sam Dogen found himself with too little passive income to support his family's budget. The 47-year-old millionaire founder of Financial Samurai had been retired since 2012, but now that both of his...

A millionaire early retiree earning $380,000 a year in passive income went back to work—but only lasted 4 months

Polk County, FL

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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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

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

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

Ramit Sethi, self-made millionaire and star of Netflix's "How to Get Rich," says that renting is unfairly dismissed as "wasting money" because "it's going to a landlord" rather than building wealth. But when you pay rent, "you're not throwing money away," Sethi tells CNBC Make It. "You're paying for a...

You're not 'throwing away money' on rent, says self-made millionaire: 'I've made more renting than I would owning'

Louisiana State

GOBankingRates

Is the overall housing market in the United States "healing" as we head into the late-summer period? Some experts say yes. Find Out: 8 Places Where Houses Are Suddenly Major Bargains Learn More:...

2 Regions in the US Where the Housing Market Is Starting To Shift

Colorado State

Aurora, CO

David Heitz

The Aurora Police Department released a statement on Tuesday on social media to clear up misinformation about an incident involving thousands of migrants. “Misinformation has spread on social media regarding the large gathering on Sunday at Gardens on Havana shopping center,” Aurora PD posted on X. “We recognize that Sunday’s incident was disconcerting and alarming for a large number of our residents and citizens. The purpose of this message is to provide the community with accurate information based on what we know right now.”

Law-abiding Venezuelans watch election results in Aurora, leave behind mess

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

NewsBreak

Wharton's Jeremy Siegel says Fed needs to make an emergency rate cut

\"The fed funds rate right now should be somewhere between 3.5% and 4%,\" Wharton's Jeremy Siegel said. The Federal Reserve kept interest rates at 5.25% to...

"The fed funds rate right now should be somewhere between 3.5% and 4%," Wharton's Jeremy Siegel said. The Federal Reserve kept interest rates at 5.25% to...

Wharton's Jeremy Siegel says Fed needs to make an emergency rate cut

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