Wisconsin State

Business Insider

These are today's mortgage and refinance rates. Rates are trending down, following weak labor market data for July and a rough stretch for the stock market.

Mortgage Interest Rates Today, August 7, 2024 | 30-Year Rates Drop Below 6%

The Hill

MEXICO CITY (AP) — Analysts expressed shock Thursday at a decision by Mexico’s central bank to cut interest rates on the same day that official figures showed a sharp rise in domestic inflation. Almost without exception, central banks raise interest rates to make money more expensive, in order to discourage price increases.

Analysts shocked as Mexico’s central bank clocks rise in inflation and cuts interest rates

Inflation dropped below 3% annually for the first time since March 2021, strengthening expectations that the Federal Reserve will cut interest rates in September. US prices rose 2.9% year over year in July, according to the latest Consumer Price Index data released today by the Bureau of Labor Statistics. Core inflation, which excludes volatile food and energy prices, rose 3.2% annually in July, the smallest increase since April 2021.

Inflation Finally Falls Below 3%, Helping Fed Prepare a September Rate Cut

CBS Pittsburgh

Inflation continued to cool in July, falling to its lowest level in three years and positioning the Federal Reserve to cut interest rates next month.The fresh report gives the Fed "the green light to cut interest rates by 25 basis points at its September meeting," said Ryan Sweet, chief U.S. economist at Oxford Economics. Wednesday's report from the Labor Department had consumer prices rising only 0.2% from June to July after falling some the prior month for the first time in four years. Prices rose 2.9% in July from a year earlier, down from 3% in June, marking the smallest 12-month increase...

Inflation cools further before Fed's next interest rate decision

Wisconsin Examiner

The number of jobs dipped slightly in Wisconsin in July while employment rose, according to projections released Thursday by the state labor department. The unemployment rate in Wisconsin remained close to steady at 3% in July, the Wisconsin Department of Workforce Development (DWD) reported. The projected number of people reporting they were employed reached a […]

Jobs slipped slightly in July while employment hit a new record, state reports

Ohio State

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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

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.

Denver revokes cash assistance for migrants

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Jacksonville, FL

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

 Warren Buffett is betting big on this beauty brand. Warren Buffett’s Berkshire Hathaway halved its stake in Apple in the second quarter, a selloff that could cost the Omaha-based conglomerate more than what Coca-Cola brings in in a year. Suggested Reading. The average price of Apple stock that...

Warren Buffett's Apple stock selloff will cost $15 billion in taxes — more than what Coca-Cola makes in a year

TIME

The annual inflation rate has cooled, according to new data. But here's why that won't translate to lower prices on the shelves.

Yes, Inflation Is Going Down. But Here's Why Prices Aren’t

Colorado State

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

Despite layoffs in the farm equipment sector, Kip Eideberg with the Association of Equipment Manufacturers is optimistic about the sector's long-term health. “U.S. equipment manufacturing is enjoying a renaissance,” said Eideberg, senior vice president of government and industry relations for AEM. He further described the machinery manufacturing market as “strong and resilient,” as part of a policy panel held in conjunction with the Republican National Convention in Milwaukee.

Amid layoffs, optimism persists in U.S. equipment manufacturing

According to the USDA dairy margin Coverage Program, June reported the best margins in two years. However, trends could shift by year's end. Chris Galen, Senior Vice President of Member Services and Strategic Initiatives with the National Milk Producers Federation on dairy economics and expectations for the rest of 2024.

Dairy Prices Strong

South Carolina State

Georgia State

Charlotte, NC

Daily Coffee Press

Here we (could) go again.. After making a second landfall in South Carolina, Debby weakened to a tropical storm and now located close to Charlotte, North Carolina. Despite the downgrade, the storm remains a threat, bringing heavy rainfall and tornado watches across North Carolina. Tragically, Debby has claimed six lives, including two in Georgia. Although Debby will soon lose its tropical characteristics, the risk of flooding and tornadoes persists as it moves into other states.

NHC Monitors Potential New Storm That Could Threaten Georgia

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Dublin, GA

Officials from the U.S. Department of Justice have announced that a 42-year-old man from Dublin, Georgia, has been sentenced to nearly 20 years in federal prison after pleading guilty to distributing fentanyl.

Georgia Man Sentenced to Nearly 20 Years for Fentanyl Distribution

Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised...

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

Wyoming State

WyoFile

Two Sweetwater County lawmakers seeking re-election filed a defamation suit Thursday against a political action committee affiliated with the hard-line Wyoming Freedom Caucus over mailers that attack them over a vote they say never happened.

Lawmakers sue Wyoming Freedom PAC over Trump-ballot mailers

Walmart beat quarterly earnings and revenue expectations. The discounter raised its full-year outlook on strength in the first half of the year and said it has seen steady consumer health, but was more cautious about the second half. As the largest U.S. retailer, Walmart can give particularly strong insight into...

Walmart beats estimates, raises outlook as it sees stable consumer health

NewsBreak

Wisconsin businesses say high interest rates have slowed expansion plans

Wisconsin businesses are relatively pessimistic about the economy as they combat high interest rates and inflation. But the state continues to outperform the nation when it...

Wisconsin businesses say high interest rates have slowed expansion plans

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