Michelle Lam, Greater China economist at Societe Generale, discusses China trade figures and the outlook for the manufacturing sector.

Economist weighs in on outlook for China exports

Goldman Sachs analysts have raised their estimated odds for a U.S. recession to 25% from 15%. The investment firm's research analysts said recession risk remains "limited" overall, noting that the Fed has ample room to cut interest rates to support the economy. The July jobs report showed unemployment increasing to...

Goldman Analysts Say Chance of US Recession in 2025 Has Risen to 25%

Goldman Sachs issued a warning that an S&P 500 correction is imminent and advised investors against buying the dip. In a note to clients, an analyst at the investment bank highlights several indicators pointing towards a downturn in the market. He points out that July 17 typically marks the end...

Goldman Sachs says S&P 500 correction is coming, urges investors not to buy dip

New York Post

Goldman Sachs CEO David Solomon said the Federal Reserve won’t make emergency rate cuts before the central bankers meet in September, despite Monday’s Wall Street meltdown over heightened risks of a recession.

“I don’t expect that you’ll see anything before September,” Solomon said in an interview for Bloomberg’s “The David Rubenstein Show: Peer to Peer Conversations.” 



“The economy will chug along and we probably won’t see a recession,” he said.

Some noted economists had called on Fed Chair Jerome Powell to immediately slash decades-high interest rates after the Dow nosedived more than 1,000 points Monday. Jeremy Siegel, professor emeritus of finance at the...

Goldman’s David Solomon predicts Fed won’t make emergency rate cuts

Michael Pettis, finance professor at Peking University, says Chinese imports were driven by investments, not consumption.

China will continue to struggle with weak demand for the rest of the year: Professor

California State

Uber, Lyft, Grubhub and DoorDash scored a major victory in a recent ruling from California's top state court upholding Proposition 22 and the classification of drivers as independent contractors rather than employees. Gig economy companies, as well as drivers who prefer contractor status, think they now have nationwide momentum to...

Uber, Lyft and the gig economy think they've found a way to win the national labor war

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

Minnesota State

Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, owns no stocks, bonds or real estate, according to his most recent financial disclosure. Walz's modest financial profile stands in stark contrast to that of Republican presidential nominee Donald Trump, who is a billionaire several times over, and to Trump's running mate, Sen. JD Vance of Ohio.

Harris running mate Gov. Tim Walz owns no stocks, bonds or real estate, disclosure shows

Reuters

NEW YORK (Reuters) - Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the U.S. presidential election, Newell CEO Chris Peterson said in an interview with Reuters.

Sharpie-maker Newell moves more operations from China as tariffs loom

Chris Pyle spends the entirety of his workdays wearing a white tank top and boxer shorts, sitting in a recliner. It's an unusual setting for a mechanic, but a profitable one. Pyle started answering strangers' questions about their gas and diesel engines on JustAnswer as a side hustle in October 2006.

45-year-old mechanic quit his full-time job for his side hustle—now he makes $14,200 a month: My paycheck is 'very consistent’

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Hurricane insurance is somewhat of a misnomer: no one policy can cover your home after hurricane damage. Rather, you need a combination of homeowners insurance, windstorm coverage (which could have a separate deductible or be a separate policy in some hurricane-prone states) and flood insurance to recover from a hurricane.

Best hurricane insurance in 2024

Morristown, NJ

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Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Business Times

Oil prices continued their downward spiral on Monday, driven by mounting fears of a U.S. recession and broader market selloffs. Despite concerns that escalating conflict in the Middle East could disrupt crude supplies, the negative sentiment surrounding global economic prospects overshadowed these geopolitical risks.

Oil Prices Plummet Amid US Recession Fears and Broader Market Selloff

RJ Scaringe, Rivian CEO, joins 'Closing Bell Overtime' to talk quarterly results, rolling out Gen 2 vehicles, affordability and more.

Rivian CEO RJ Scaringe: There's still a lot of demand on the sideline for EVs

Philippines gymnast Carlos E. Yulo didn't just win a gold medal at this summer's Olympic Games, he's also won a fully furnished two-bedroom apartment. The 24-year-old gymnast made history as the first male Olympic gold medalist in the history of the Philippines when he won the top prize for his floor exercise on August 3. The following day, he earned a second gold medal for his vault routine. He is only the second athlete from the Philippines to win the top prize. Hidilyn Diaz won the country's first-ever gold medal at the Tokyo 2020 Olympic Games in 2021 for weightlifting.

24-year-old gold medal gymnast from the Philippines to be awarded a condo valued at $414,046, cash prizes and more

New Jersey State

Collingswood, NJ

CAMDEN, N.J. – Ralston Boswell, 34, of Collingswood, New Jersey, has admitted to participating in schemes to fraudulently obtain Paycheck Protection Program (PPP) loans and unemployment insurance benefits. The announcement was made by U.S. Attorney Philip R. Sellinger.

Plea: Man's PPP & Unemployment Fraud - $209K Scam

A stalking horse bid is used as a starting or minimally accepted offer that other interested bidders must surpass if they want to buy the asset or the company. California-based Complete Solaria, a solar technology, services, and installation company will acquire SunPower's Blue Raven Solar business, New Homes business, and non-installing Dealer network.

SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid

U.S. stocks fell sharply Monday as part of a global selloff fueled by mounting recession fears among investors. The turmoil seems to have begun on Friday following the release of a disappointing July jobs report, which fueled concerns that the Federal Reserve has moved too slowly to cut interest rates — a move meant to alleviate some pressure on the economy. Further roiling global markets is unusual currency trading out of Japan.

Goldman Sachs says the global demand for goods seem to be moderating

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