GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

(Reuters) -Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy...

Dow Notches Record High Close After Upbeat Economic Data

Reuters

WELLINGTON (Reuters) - Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday. The ANZ-Roy Morgan consumer confidence index rose to 92.2 from 87.9 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.

New Zealand consumer confidence lifts in August, survey shows

The Independent

UK inflation rose to 2.2 per cent in July, marking the first increase this year and increasing the chances the Bank of England keep interest rates at the same level when they meet next month.The Consumer Prices Index (CPI) inflation rose from 2 per cent in June, but undershot economists’ expectations who had forecast it rising to 2.3 per cent.However, despite the smaller than anticipated inflation increase, it is still above the Bank’s target of 2 per cent and casts doubt on back-to-back interest rate cuts at September’s meeting.CPI services price inflation, which is closely monitored by the Bank, fell...

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

WASHINGTON (Reuters) - U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.

Solid US consumer spending pushes against hopes for hefty Fed rate cut

New York Post

Lowe’s cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot’s concerns of a slim chance of a recovery in home improvement demand this year.

The Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects.

“We’re seeing significant implications … people aren’t moving nearly as often as they typically do because current mortgage rates are so much higher,” said CEO Marvin Ellison on a post-earnings call.



Big box retailers peddle Halloween products in...

Lowe’s follows rival Home Depot with dismal profit forecast: ‘People aren’t moving’

North Carolina State

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Eden, NC

Town Talks

North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.

North Carolina City Has Been Named the Cheapest Place to Live in The State

BEIJING (Reuters) -China's manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, pressuring policymakers to press on with plans to direct more stimulus to households.

China's weak factory PMI raises pressure for consumer stimulus

ORLANDO, Florida (Reuters) -Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both days center on the Fed's new guiding light: the unemployment rate. The first marks the release of the August...

Unemployment Rate Is Now Fed's Undisputed Lodestar: McGeever

Jacksonville, FL

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Jacksonville Today

A historic marker could be erected to honor the victims of the racist mass shooting at the Dollar General store in Jacksonville’s New Town neighborhood nearly a year ago. If approved by the Jacksonville City Council, a marker would be installed at Kings Road and Canal Street on Aug. 25, a day before the first anniversary of the shooting, when a white gunman took the lives of three Black people.

Memorial considered to honor Dollar General victims

Nvidia’s Q2 earnings beat estimates, but forward guidance disappoints. Other semiconductor stocks, like Broadcom, show positive performance despite Nvidia’s mixed guidance. The S&P 500 eyes fresh all-time highs, with immediate support at 5538. The S&P 500 and Nasdaq 100 roared back to life on Thursday after a slight...

S&P 500, Nasdaq 100 – 2nd Estimate GDP Inspires Wall Street Turnaround

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

(Reuters) - French consumer price inflation eased in August compared to a year ago, mainly due to lower petroleum product prices and electricity costs, preliminary data from statistics agency INSEE showed on Friday.

French preliminary inflation at 2.2% in August, slightly above forecasts

LONDON — European markets were higher on Wednesday as investors looked to fresh earnings and economic data for clues about the outlook for stocks globally. The pan-European Stoxx 600 was 0.45% higher at 10:59 a.m. in London, with most major regional bourses and sectors trading in the green. Mining stocks pulled back 0.87%, while chemicals added 1.02% and insurance stocks rose 1.01%.

Europe markets climb as investors weigh global stock outlook; chemicals, insurance stocks rise

 The FTSE 100 neared its record value before dipping to finish the day in the red on Friday.London’s blue-chip index fell 3.01 points, or 0.04%, to end the day at 8,376.63.It had climbed above 8,400 earlier in the day and neared May’s all-time closing high of 8,445 before falling back.The session came as business groups gave mixed reactions to potential Labour plans to open up a “compressed hours” four-day work week to more of the workforce.Some urged caution, while the Trades Union Congress said offering employees more flexible working arrangements “makes good economic sense”.At the end of the day...

FTSE 100 falls after nearing record high earlier on Friday

Georgia State

The Current GA

A state Supreme Court’s decision reversing a lower court’s ruling that a private contractor was exempt from the Georgia Open Records Act is being hailed as a win for open government.

State Supreme Court rules Open Records Act applies to private contractors working for governments

The Dow notched a record high close on Thursday in mixed trading following robust US economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors.

The Dow Jones Industrial Average hit an all-time high of 41,577.97 before closing at 41,335.05, a gain of of 243.63 points, or 0.6%. The blue-chip index’s previous record close was 41,250.50 on Tuesday. 

The S&P 500 was flat, while the Nasdaq edged down 0.2%.



The economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the US is likely to avoid a recession.

Dow closes at record high as Fed-fueled rally continues on Wall Street

“Downward revisions to inflation accompanying...

Dow finishes at another record as investors shift Nvidia focus to the economy

Denver, CO

David Heitz

Migrants enrolled in the Denver Asylum Seekers Program won’t get cash benefits after all. The council amended a contract with Haven for Hope during the Safety, Housing, Education and Homelessness Committee meeting Wednesday. Instead of Haven of Hope providing migrants with cash assistance on debit cards, it will instead provide “culturally appropriate” food, if the change is approved by the full council.

Denver may revoke cash assistance for migrants

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro this week, climbing 0.89%. German and eurozone inflation expected to ease in August. Inflation is...

EUR/USD – ECB eyeing German, eurozone CPI

The U.S. economy expanded at an annual rate of 3% in the second quarter of 2024, bolstered by strong consumer spending and robust business investment, according to an updated report released by the Commerce Department on Thursday. This revised figure marks an increase from the initial estimate of 2.8% growth for the period from April to June.

U.S. Economy Grows at 3% in Second Quarter, Driven by Consumer Spending and Investment

NewsBreak

Aussie rises to 8-month high, retail sales next

The Australian dollar has posted considerable gains on Thursday. AUD/USD is trading at 0.6816 in the European session, up 0.47% on the day at the time...

Aussie rises to 8-month high, retail sales next

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