Core inflation — less food and energy — remains slightly higher than the all items index. Marking the first month of sub-3% inflation since March 2021, the headline CPI in July was 2.9%, matching the expectations of most market watchers. Over the 12 months ending July, the all items index increased 0.2% after declining 0.1% in June’s cooler-than-expected reading, today’s release from the Bureau of Labor Statistics shows.

Inflation Slows To 2.9% In July

The Associated Press

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates.  Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 4,500 to 236,500. In the week that ended Aug. 3, 1.86 million Americans were collecting jobless benefits, down by 7,000 from the week before. Weekly filings for unemployment benefits, which are a proxy for layoffs, remain low by historic standards. From January through May, claims averaged a rock-bottom 213,000 a week. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates are taking a toll on the U.S. job market.

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

UPI News

People filing for unemployment benefits for the first time reached a seasonally adjusted 227,000 last week, a decrease of 7,000 from the previously revised week.

Weekly jobless claims fall to 227,000; lowest level since early July

Gold prices steadied on Tuesday to hover close to an all-time high hit in July, as the dollar and Treasury yields crept lower after U.S. producer price data cemented hopes for a interest rate cut from the Federal Reserve in September. The dollar was down 0.2% against its rivals, making...

Gold firms as dollar, yields slip after US PPI data

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

Keith Weiner predicts the turmoil in the economy and the ultimate direction of bank collapse. He also discusses how silver and gold prices are set to skyrocket.

Silver & Gold are Set to SKYROCKET! Are We Heading for a BANK COLLAPSE?

As the richest nation and the world’s largest economy, it is hardly a surprise that the United States holds the most gold. What is surprising is where the gold isn’t: the United States Federal Reserve, known colloquially as the central bank. Mainstream media dutifully reports that the American...

What Happened to the Fed’s Gold?

Las Vegas, NV

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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

Colorado State

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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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

Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/.

Silver Flashed the Signal Again!

In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube, Luke Gromen of the Forest for the Trees financial letter notes something about the U.S. Treasury Department and Federal Reserve that has also been contemplated by other governments and central banks. The U.S. Treasury...

The U.S. Is Ready With a Gold Revaluation Mechanism Too

U.S. industrial production fell sharply in July, the Federal Reserve said Thursday, pointing to a larger-than-expected impact from Hurricane Beryl. The news is likely to add to calls for the Fed to cut its key lending rate from a two-decade high next month as its long-running campaign against inflation continues to percolate through to the broader economy.

US Industrial Production Contracts Sharply in July

Denver, CO

On the night in January 2024 when volunteers counted people experiencing homelessness in Denver, no shelter beds were available for individuals or families, according to data provided by the National Alliance to End Homelessness. More than 2,500 individuals and 181 families slept outside, the data showed.

State of homelessness in Denver: Full shelters, surge in older adults

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

Various Russian officials have made comments alluding to a greater gold involvement in the monetary system ever since (and in some ways even before) they were kicked out of the SWIFT system in 2022. Yet while there have been no formal announcements, signs of progress have been emerging. And 2...

BRICS Move Gold-Backed 'Unit' Plans Forward Ahead Of October Meeting In Kazan

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Reuters

WASHINGTON (Reuters) - U.S. business inventories increased moderately in June as a surge in stocks at retailers was offset by mild gains at wholesalers. Inventories rose 0.3% after increasing 0.5% in May, the Commerce Department's Census Bureau said on Thursday. The increase in inventories, a key component of gross domestic product, was in line with economists' expectations.

US business inventories rise marginally in June

LONDON (August 13) The US Dollar (USD) trades mixed on Tuesday, extending Monday’s little moves, with one single pattern that stands out on the quote board. The hurted carry and high-beta trades that were on the fence last week are currently outperforming against the Greenback, with the Polish Zloty (PLN), Australian Dollar (AUD), New Zealand Dollar (NZD) and Czech Koruna (CZK) as main gainers. Still, these moves are not visible at all in the DXY chart because the US Dollar is outperforming against the Japanese Yen (JPY).

US Dollar extends sideways trend as investors sideline ahead of inflation data

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

NewsBreak

Gold prices paring gains after weekly jobless claims come in lower at 227k

NEW YORK (August 15) Gold prices are pulling back from session highs following the release of better-than-expected labor market data after the number of Americans filing...

Gold prices paring gains after weekly jobless claims come in lower at 227k

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