Columbus, OH

Axios

The economy is on firmer footing than previously thought: Blowout consumer spending last month shows shoppers are not pulling back in a way that would be consistent with a recession. Why it matters: The "consumer slowdown" narrative fell apart last month. If it continues, that — along with receding inflation...

Resilient consumers keep soft landing alive

Dow Jones rose over 500 points on Thursday as investors expressed confidence in the economy following robust retail sales and weekly job data. In the afternoon, the Dow climbed 507 points or about 1.2% to 40,515. S&P 500 popped up 1.4%, while Nasdaq increased by 2%. Suggested Reading. The Commerce...

The Dow jumps 500 points on strong retail sales and job growth

In some unexpected good news for the economy, retail sales bounced back in July and came in above estimates. Overall retail sales in July were up 1% month-over-month and up 2.7% year-over-year, based on data released by the U.S. Census Bureau. That compared with a decrease of 0.2% month-over-month and an increase of 2% year-over-year in June.

Retail sales jump in July as consumers increased their spending

The backbone of America’s economy remains solid, despite a slowing job market, elevated interest rates and still-high inflation.

Sales at stores are suddenly surging in the US economy’s latest show of strength

Business Times

Consumer spending in the United States showed unexpected resilience in July, with retail sales rising by 1%, a figure that significantly exceeded Wall Street's expectations. The Commerce Department's report, released on Thursday, indicated a robust economic performance, bolstered by strong consumer activity despite ongoing inflationary pressures. This growth is a clear indicator that the American consumer, often viewed as the backbone of the economy, continues to drive economic momentum even in the face of broader concerns.

U.S. Retail Sales Surge in July, Defying Expectations and Easing Economic Fears

Walmart said inflation was flat in its latest quarter, and revenue growth came from selling more items and drawing more visits to its stores and website, rather than higher prices. Yet prices have remained high in some parts of the store, such as dry groceries and processed foods. Prices at...

Walmart says prices are coming down — except in one key area

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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

Vice President Kamala Harris will propose the first-ever federal ban on "corporate price-gouging" in the food industry, her campaign announced. Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers. The ban is part of a...

Harris to propose federal ban on 'corporate price-gouging' in food and groceries

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

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

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

960 The Ref

TOKYO — (AP) — Japan’s economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday. The world’s fourth largest economy grew 0.8% in the fiscal first quarter, according to the Cabinet Office.

Japan's economy grew last quarter on healthy consumer spending and business investment

When Shake Shack founder Danny Meyer interviews job applicants, he likes to ask a couple of his favorite questions. First: What's the biggest misperception other people have of you? You can't respond "unless you're willing to share the real you," the restaurateur told organizational psychologist Adam Grant during a March talk at the Wharton School at the University of Pennsylvania, which was released as an episode on Grant's "WorkLife" podcast last week.

Shake Shack founder shares the 2 interview questions he likes asking job candidates: They make you ‘share the real you’

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you have a long-term savings goal, like saving up for a down payment on...

Best 5-year CD rates of August 2024 (up to 4.75% APY)

Travis McCourt, Raymond James institutional equity strategist, joins 'The Exchange' to discuss the markets as he anticipates a third unwind coming for the markets.

Raymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumer

Used Class 8 truck retail sales surged in July despite summer slowdowns and the ongoing freight recession. Used Class 8 retail sales rose 32% year over year and 38% month over month, according to a report from ACT Research released today. That followed four consecutive months of declining retail sales. For June, retail sales were down 17% YoY and 16% MoM.

Used Class 8 retail sales rise 32%

The Guardian

US retail sales grew by 1% in July, much stronger than the 0.3% expected; UK GDP grew by by 0.6% in second quarter of 2024

Dollar jumps as strong US retail sales ease recession fears – as it happened

NewsBreak

Consumer spending jumped in July as retail sales were up 1%, much better than expected

Advanced retail sales accelerated 1% on the month, much better than the 0.3% estimate. In other economic news, weekly jobless claims totaled 227,000, a decrease of...

Consumer spending jumped in July as retail sales were up 1%, much better than expected

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