Stocks rallied Tuesday, scaling back closer to the record levels seen last month before a sharp pullback, driven by this week's first batch of key U.S. inflation data. The producer price index — a measure of wholesale prices — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month's reading, according to Dow Jones consensus estimates.

Dow jumps 300 points as first of two major inflation reports this week comes in light: Live updates

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

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

The Motley Fool

These companies became titans by dominating a single industry, but they're now expanding and seeing success in other areas.

These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

Buying excellent companies when they are out of favor can be a winning strategy over the long term.

Down Between 12% and 24% From Their 52-Week Highs, 3 Magnificent Dow Dividend Stocks to Buy Now

GOBankingRates

Collectors in search of valuable coins don't have to reach back a century or more to find them -- they can just pop back a few decades to the era of disco music and leisure suits. Several U.S. coins...

6 Coins From the 1970s That Are Worth a Lot of Money

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Parking tickets are the latest vector for scammers to empty out bank accounts from New York to Southern California. Calgary became the latest North American city to address the growing trend of fake tickets on Tuesday. The Canadian city’s parking authority advised drivers to destroy fake tickets that are cropping on windshields and not to attempt to pay those fines.

Bank accounts are being emptied thanks to scammers using fake parking tickets

Windham, ME

The US Sun

A CAR dealership has been hit with a massive $75,000 fine after it was revealed that they had been tampering with the emission controls on diesel vehicles. According to the US Environmental Protection Agency (EPA), the dealership had been installing and selling parts known as “defeat devices” on many of their cars from 2017 to 2019. […]

Dealership hit with $75k fine after tricking customers by putting ‘defeat devices’ in cars – as they violated strict act

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Colorado State

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David Heitz

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

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Man missed flight that crashed in Brazil because he was late to the gate. After arguing with gate agent, he ended up hugging him

Cooking With Maryann

Maybe it's just me, but it's not summer until I get to eat crab cakes! Don't let this recipe intimitate you! It's really not difficult, just takes a little bit of prep time in the fridge.

Delicious Crab Cakes!

Two automakers on Tuesday issued “Do Not Drive” warnings for hundreds of thousands of vehicles equipped with recalled and unprepared Takata airbags. Ford Motor on Tuesday said there are roughly 765,600 airbag inflators in Ford and Lincoln vehicles around the world, including 374,300 in the U.S. Ninety-five percent of U.S. customers have answered the automaker’s more than 121 million outreach attempts.

Ford and Mazda tell nearly half a million car owners to stop driving because of Takata airbags

The Associated Press

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

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?

Texas State

Instead of focusing on Tesla’s plummeting profits and sales slump, CEO Elon Musk is busy suing various companies and organizations for taking issue with his bigotry. The lawsuits are generally laughable, but he does have an ace up his sleeve — a Texas judge who’s proven to be incredibly friendly to Musk. NPR reports the judge also owns thousands of dollars in Tesla (TSLA) stock, but apparently, that’s not enough of a conflict of interest to get him off Musk’s cases.

Judge in Elon Musk's Texas lawsuits owns thousands of dollars worth of Tesla stock

The stock market experienced surprises and rollercoaster rides last week. After massive selloffs, it quickly recovered, easing the debate about a potential recession. With that, all attention is on the upcoming economic data expected this week, which will determine the course of interest rates. Suggested Reading. Let’s unfold it:

Walmart, Alibaba earnings and inflation data incoming: What to watch in the market this week

Mark Cuban says former President Donald Trump’s fans in Silicon Valley don’t just want him to be president again — they want him to be the “CEO of the United States of America,” with them as his board of directors. Suggested Reading. E-bike penetration jumps...

Mark Cuban — 'the Left's favorite billionaire' — says some in Silicon Valley want Trump as America's CEO

NewsBreak

The Dow closes 400 points higher as wholesale inflation cools

Stocks jumped Tuesday morning as wholesale inflation data rose less than expected, giving investors confidence that inflation is cooling off. Starbucks and Home Depot show consumers...

The Dow closes 400 points higher as wholesale inflation cools

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