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☆ Earnings plus key reports on economic growth and inflation put the consumer in focus next week
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.

Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: —, Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol

☆ Treasury yields tick higher as markets digest comments by Fed officials
▼ + stars: | 2024-07-18 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The yield on the 10-year Treasury was trading around 4.1672% at 2:20 a.m. The yield on the 2-year Treasury was also 2 basis points higher at 4.4524%. U.S. Treasury yields moved higher on Thursday as investors digested a range of comments by Federal Reserve officials and what they could mean for interest rates. It comes as traders increasingly bet on a September interest rate cut by the Federal Reserve, with a reduction in July now seen as highly unlikely. Earlier this week, Federal Reserve Chair Jerome Powell said interest rates would likely be cut before inflation reaches 2%.

Persons: Christopher Waller, John Williams, Thomas Barkin, Jerome Powell, you've, Powell, Dow Jones, —, Jeff Cox Organizations: Treasury, U.S, Federal Reserve, Federal, York Fed, Wall Street Journal, Richmond Fed, Deutsche Bank, Economic, of Washington D.C

☆ Gold shines on rising Fed rate-cut outlook
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.1% to $2,461.27 per ounce, as of 0218 GMT. Fed Governor Christopher Waller and New York Fed President John Williams both noted the shortening horizon toward looser monetary policy. Separately, Richmond Fed President Thomas Barkin said he is "very encouraged" on broadening declines in inflation. "Over the next 6-12 months, regardless of who wins the (U.S.) election, we see gold rising to $2700-$3000 and silver to $38," Citi Research said. Spot silver rose 0.2% to $30.35, platinum steadied at $994.81 and palladium gained 0.4% to $955.77.

Persons: Ryan McIntyre, Christopher Waller, John Williams, Thomas Barkin, CME's Organizations: Sprott Asset Management, Holdings, New York Fed, Richmond Fed, Federal, Citi Research, Investors, U.S Locations: U.S, ., China

☆ Doomsday dinners: Costco sells 'apocalypse bucket' with food that lasts 25 years
▼ + stars: | 2024-07-18 | by ( Marlene Lenthang | ) www.cnbc.com time to read: +2 min

It's the end of the world as we know it and I feed fine — because Costco has an emergency dinner kit, dubbed online as "the apocalypse bucket," that lasts 25 years. The Readywise Emergency Food Bucket boasts 150 freeze-dried and dehydrated meal servings and has caused a stir on social media. And, crucially for those preparing for an apocalypse, the bucket lasts up to 25 years on the shelf. Some talked about if there was a real apocalypse, it could be difficult to get water to prepare the meals. That's more scary than the apocalypse," a commenter wrote, meanwhile another quipped, "So if the apocalypse doesn't kill you, this bucket of chemicals will."

Persons: Alfredo, It's, Jeffrey Eisner Organizations: Costco, Supply Locations: Richmond , California

☆ These kinds of businesses are driving a surge in US corporate bankruptcies
▼ + stars: | 2024-07-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

In the meantime, you can stay up to date on the latest business news with CNN’s Business Nightcap newsletter. Access to credit is especially crucial for small, private businesses that aren’t able raise money through financial markets. “There were a number of programs out there to support small businesses during the depths of the pandemic, and there were relatively fewer filings than usual in 2021 and 2022.”Rising corporate bankruptcies could just reflect a lot of churn occurring in Corporate America, Jamner said. Don’t panicMost banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance, reports my colleague Jeanne Sahadi. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services.

Persons: It’s, ” “, Matt Rowe, Josh Jamner, Jamner, we’re, Reena Aggarwal, “, ”, Banks, Jeanne Sahadi, Marianne Lake, Chase, Jaret, Read, Goldman Sachs, Jerome Powell, Mary Daly, Morgan Stanley, Charles Schwab, Adriana Kugler, Johnson, Kinder Morgan, Tom Barkin, Lorie Logan, Michelle Bowman, John Williams, Raphael Bostic Organizations: CNN’s Business, Washington CNN —, P Global Market Intelligence, CNN, Federal Reserve Bank of Kansas, Nomura Capital Management, Consumer, Institute for Supply, P, ClearBridge Investments, ”, Corporate America, Federal, Fed, Georgetown University Psaros Center, Financial Markets, Chase Bank, Wall, TD Securities, BlackRock, San Francisco Fed, Bank of America, PNC, State, US Commerce Department, US Labor Department, National Association of Home Builders, Johnson, US Bancorp, Discover, Vegas Sands, Northern Trust, Citizens, United Airlines, National Statistics, Federal Reserve, Richmond Fed, Netflix, Novartis, Abbott Laboratories, Marsh, Blackstone, Infosys, Cintas, T Bank, Nokia, American Airlines, European Central Bank, American Express, Fifth Third Bancorp, AutoNation Locations: Federal Reserve Bank of Kansas City, Corporate, UnitedHealth, Wells Fargo, Vegas, Equifax, Northern, McLennan, Schlumberger, Haliburton

☆ Stop & Shop is closing 32 locations. Here’s where
▼ + stars: | 2024-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report. Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding that they will close in early November. Stop & Shop said it “remains committed to serving its communities through other store locations, online shopping and home delivery services.” Employees impacted by the closures will be offered other opportunities in the company. In addition to operating Stop & Shop, Ahold Delhaize owns Food Lion and Giant grocery stores in the US.

Persons: ”, Gordon Reid, Ahold Delhaize, Albertson’s, “, Delhaize, Newton, Jackson, Johnston, Pittman Organizations: New, New York CNN, Aldi, Kroger, Federal Trade Commission, ” Employees, Food, Here’s, St, Stamford, Plymouth St, Needham St, Highway, Boston Turnpike, Cooley St, Paterson, Edison, Howell, Phillipsburg, Fulton, Sanford, West Haverstraw Rhode, Pittman St Locations: New York, Dutch, New Jersey, Massachusetts, Connecticut, Rhode Island, Ansonia, Danbury, Bridgeport, Milford, High, Torrington Massachusetts, North Montello St, Brockton, Plymouth, Halifax, Needham, St, Pembroke, Raynham, Shrewsbury, Cooley, Springfield, Lincoln St . Worcester New Jersey, Franklin Township, County, Piscataway, Richmond, Pleasant Beach, Ringwood New York, Brooklyn, Hempstead Turnpike, East, ., Hempstead, Mt, Vernon, West Haverstraw, Providence, Eastside

☆ 'Fait accompli': Inside Democratic lawmakers' paralysis over Biden
▼ + stars: | 2024-07-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.

Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, —, Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond

☆ UK PM Rishi Sunak concedes defeat
▼ + stars: | 2024-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK PM Rishi Sunak concedes defeatThe Conservative’s Rishi Sunak, who has been prime minister since October 2022, held onto his seat in Richmond and Northallerton in the U.K. parliamentary election.

Persons: Rishi Sunak Locations: Richmond, Northallerton

☆ Outgoing UK PM Rishi Sunak quits as Conservative Party leader after crushing election defeat
▼ + stars: | 2024-07-05 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Outgoing Conservative Prime Minister Rishi Sunak speaks to the media as he leaves 10 Downing Street following Labour's landslide election victory on July 5, 2024 in London, England. Leon Neal | Getty Images News | Getty ImagesLONDON - Outgoing UK Prime Minister Rishi Sunak on Friday said he will step down as the leader of the Conservative Party after the opposition Labour Party secured a landslide victory in Thursday's nationwide election. Sunak announced he will step down as the leader of the Conservative Party as soon as the formal arrangements for selecting his successor are in place. The Conservative Party suffered its lowest result, in terms of seats, in its post-war history. Keir Starmer's Labour Party won its second-largest majority after former Prime Minister Tony Blair's 179-seat majority in 1997.

Persons: Rishi Sunak, Leon Neal, Sunak, King Charles III, Keir Starmer's, Tony Blair's, Grant Shapps, Penny Mordaunt Organizations: Conservative, Getty, Conservative Party, Labour Party, Downing, Labour, Keir Starmer's Labour Party, Northallerton, Commons Locations: London, England, Thursday's, Downing, United Kingdom, Richmond

☆ White nationalist groups must pay more than $2 million to victims of ‘Unite the Right’ rally, federal appeals court rules
▼ + stars: | 2024-07-03 | by ( Nic F. Anderson | Lauren Rapp | ) edition.cnn.com time to read: +2 min

CNN —A federal appeals court ruled on Monday that white supremacist and nationalist groups will have to pay a more than $2 million in punitive damages to people who suffered physical or emotional injuries from the 2017 “Unite the Right” rally in Charlottesville, Virginia. In 2021, a jury ruled white nationalist leaders and organizations had to pay more than $26 million in damages to those who suffered injuries from the rally. The “Unite the Right” rally was a two-day event to protest the city’s plan to remove a statue of Confederate Gen. Robert E. Lee. Circuit Court of Appeals found a state law which caps the total dollar amount of punitive damages each person can receive to $350,000, court documents show. In Monday’s opinion, Chief Judge Albert Diaz wrote, “… we vacate the district court’s order to the extent that it reduces the jury’s punitive damages to $350,000 for all plaintiffs under the Virginia punitive damages cap.

Persons: Confederate, Robert E, Albert Diaz, “, James Alex Fields Jr, Fields, ” Diaz Organizations: CNN, Circuit, Appeals, ” CNN Locations: Charlottesville , Virginia, Richmond, Virginia, Maumee , Ohio

☆ 43-year-old started a 'kitchen island' side hustle on Facebook Marketplace—now it brings in $379,000 a year
▼ + stars: | 2024-06-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

She and her sister-in-law made table-long charcuterie spreads for family gatherings, and she started selling them to other people on Facebook Marketplace in May 2022. Her first batch, made at her "kitchen island," was modest compared to her current ones, Smith says. Smith built her business, now called Bite by Bite & Co., from her house and a nearby church kitchen while maintaining her full-time job as a project manager at Capital One. "To my core, I love entertaining, I love hosting, I love giving everybody a good experience," says Smith. My business has evolved to really provide a more homemade experience — we create our own cheese balls and cheese dips from fresh ingredients.

Persons: they've, Teyoshe, Smith, —, she'd Organizations: CNBC, Facebook, Capital Locations: AskMakeIt@cnbc.com, Richmond , Virginia, Richmond, Atlanta

☆ Shoplifters love Lego. The colorful plastic toy bricks are a gold mine for criminals
▼ + stars: | 2024-06-29 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

I went straight to the cameras and saw we were being robbed,” Zuniga told CNN. Hayes told CNN his team works with a majority of retailers that carry Lego products as well as Legoland theme parks. “Demand is always there.”As a result, there’s not only a market for stolen Lego products but also a burgeoning counterfeit market, especially online. When reached for comment, Lego directed CNN to online resources on its website to educate consumers how to spot fake online Lego stores and fake Lego products. He bought Lego sets that were on sale at the local Target to fill up empty shelves.

Persons: New York CNN —, Miguel Zuniga, “, ” Zuniga, Miguel Zuniga’s, Noble, Olay, ”, Read Hayes, Hayes, there’s, Michael Blackshire, Casey Slaughter, ” Slaughter, Indiana Jones, Lego, Calvin Mah, Zuniga Organizations: New, New York CNN, CNN, Southern, KABC, LAPD, Barnes, Noble, Target, University of Florida, Prevention Research Council, Walmart, Los Angeles Times, “, Wichita Police, Star Wars, Los Locations: New York, Lumita, Los Angeles County, Lomita , California, California, Southern California, Philadelphia, Richmond , British Columbia, Pasadena , CA, Wichita , Kansas, “

☆ NYT Editorial Board calls for Biden to leave the 2024 presidential race
▼ + stars: | 2024-06-28 | by ( Brian Rokus | ) edition.cnn.com time to read: +3 min

CNN —The New York Times Editorial Board is calling on President Joe Biden to leave the race for the White House after his performance at CNN’s presidential debate. He struggled to hold Mr. Trump accountable for his lies, his failures and his chilling plans. “The greatest public service Mr. Biden can now perform is to announce that he will not continue to run for re-election. There is no reason for the party to risk the stability and security of the country by forcing voters to choose between Mr. Trump’s deficiencies and those of Mr. Biden. “The last time Joe Biden lost the New York Times editorial board’s endorsement, it turned out pretty well for him,” Biden campaign co-chair Cedric Richmond told CNN.

Persons: Joe Biden, “, Trump, Biden, It’s, Donald Trump, ” Biden, Cedric Richmond, Amy Klobuchar, Elizabeth Warren, ”, David Axelrod, Axelrod, Alex Wagner, ” Wagner, Betsy Klein, Kasie Hunt, MJ Lee, Lauren Fox, Kayla Tausche, Arlette Saenz, Hadas Gold Organizations: CNN, The New York Times Editorial, White, Democratic, Trump, Times, Biden, New York Times, The Times, The New York Times, —, MSNBC

☆ Gold drifts lower as traders await U.S. inflation data
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. "Technical factors in the short-term are not so positive for gold. Other Fed officials speaking this week include Fed Governors Lisa Cook and Michelle Bowman along with Richmond Fed President Tom Barkin.

Persons: Kelvin Wong, Bullion, Wong, Mary Daly, Lisa Cook, Michelle Bowman, Tom Barkin Organizations: Asia Pacific, U.S, San Francisco Fed Bank, Richmond Fed Locations: OANDA, U.S

☆ The fertility crisis is here and it will permanently alter the economy
▼ + stars: | 2024-06-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

In the 1960s, there were six people of working age for every retired person, according to the World Economic Forum. “What you’re seeing is increased spending on programs like Medicare and Social Security as the baby boomers are aging into those programs. And then of course, fewer workers relative to the number of people who are receiving Social Security and Medicare benefits,” said Dahl. Social Security payments still provide about 90% of income for more than a quarter of older adults in the United States, according to Social Security Agency surveys. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.

Persons: it’s, Louis, Simona Paravani, ”, Elon Musk, Kimberly, Clark, Mark Schneider, he’s, Emmanuel Macron, Donald Trump, Molly Dahl, Dahl, Eric Schmidt, ” Schmidt, Goldman Sachs, Stefano Scarpetta, Li Qiang, Juliana Liu, Joyce Jiang, Li, China’s, Xi Jinping, Biden, Max Prosecutors, haven’t, Max, Read Organizations: London CNN, Organisation for Economic Co, Development, Economic, Federal Reserve Bank of St, BlackRock, Disease Control, Congressional Budget Office, CBO, Social Security, Social, Social Security Agency, Google, Summit, Federal Reserve Bank of Richmond, OECD, ” Companies, West Chinese, CNN, EV, Prosecutors, Boeing, Max, US Justice Department, Alaska Air, Justice Department, Federal Aviation Administration Locations: Chad, Niger, Somalia, Samoa, Tonga, Tajikistan, United States, London, China, Beijing, Dalian, Canada, Beijing’s “

☆ CNN reveals America’s Best Towns to Visit in 2024
▼ + stars: | 2024-06-24 | by ( Cnn Travel | ) edition.cnn.com time to read: +9 min

Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 - Source: CNN America's Best Towns to Visit 2024 10 videos Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 Now playing - Source: CNN Video Ad Feedback See why Dolly Parton — and the insects she sang about — are so important to this town 01:42 Now playing - Source: CNN Video Ad Feedback Is this the most family friendly town in the country? A CNN reporter takes his daughter to find out 01:57 Now playing - Source: CNN Video Ad Feedback Why this town is one of the country’s most underrated music meccas 02:02 Now playing - Source: CNN Video Ad Feedback Why this first-of-its-kind city has some of the most amazing skies you’ll ever see 02:00 Now playing - Source: CNN Video Ad Feedback Every room in this hotel has a wildly different theme. It’s a feast for the eyes 02:02 Now playing - Source: CNN Video Ad Feedback From sea to sandwich: in search of the best lobster roll ever 02:00 Now playing - Source: CNN Video Ad Feedback Here’s where you can snowshoe, hike an island, blow glass and shuck oysters – all in the same day 02:00 Now playing - Source: CNN Video Ad Feedback How to visit Venice, Italy — without leaving the US 02:01 Now playing - Source: CNN Video Ad Feedback Museums, murals and wine: Why Richmond is America’s best town 02:02 Now playing - Source: CNN See More VideosCNN —You’ve elbowed into the Empire State Building, admired the architecture along the Chicago River and huffed and puffed up and down the streets of San Francisco. At CNN Travel, we tapped our network of contributors for nominations for our inaugural list of America’s Best Towns to Visit. High scores: Dark skies, outdoor activities, scenery, retro vibeSunny days and starry nights are big draws in this high-elevation city.

Persons: Dolly Parton —, Frederik Meijer, Ai Weiwei, Peter McDaniel, Michigan’s, James Beard, You’ll, Dale Chihuly, Virginia –, ” –, it’s, Marnie Hunter, Forrest Brown Organizations: CNN, Empire, CNN Travel, Lake Superior, University of Tennessee, Nashville, Sculpture, Beer, San, Lowell Observatory, Golden State, San Luis Obispo, SLO, Puget Sound, Rainier, Tacoma, of, Rhode Island School of Design, Richmond, Richmond Folk Festival Locations: Venice, Italy, Richmond, Chicago, San Francisco . Big, United States, downtowns, Lakes, Duluth, Amity, Knoxville, Tennessee, Memphis, Grand Rapids, Beer City, Grand, Macon, Flagstaff, San Francisco Peaks, California, Southern California, Golden, San Luis, Puyallup, Virginia

☆ Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates
▼ + stars: | 2024-06-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. During the regular session, the Dow Jones Industrial Average bucked Monday's selloff, adding nearly 261 points, or 0.67%. The S&P 500 dropped 0.31%, while the Nasdaq Composite shed 1.09% for its worst day since April as investors rotated out of semiconductors. Wall Street is looking ahead to earnings from FedEx and Carnival on Tuesday as the season nears its end.

Persons: Jeff deGraaf, CNBC's Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, SolarEdge Technologies, Pool Corp, Nvidia, Qualcomm, Broadcom, FedEx, Richmond Fed Locations: New York City, U.S

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Video: See why Richmond, Virginia is America’s best town
▼ + stars: | 2024-06-23 | by ( Fj Feng | ) edition.cnn.com time to read: 1 min

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☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Killer of 2 Women in National Park in 1996 Has Been Identified, F.B.I. Says
▼ + stars: | 2024-06-20 | by ( Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

It took the authorities one week to find the bodies of Julianne Williams and Laura Winans near their campsite at a national park in Virginia in 1996 after their family reported them missing. But it would take nearly three decades for the authorities to identify the person they believe killed them. “I want to again extend my condolences to the Winans and Williams families and hope today’s announcement provides some small measure of solace.”An F.B.I. It re-examined previous leads and interviews and evidence recovered from the site of the killings. Investigators submitted some of the evidence for DNA testing and found a match to Mr. Jackson’s DNA, the agency said.

Persons: Julianne Williams, Laura Winans, Walter Leo Jackson Sr, “, Lollie Winans, Julie Williams, ” Christopher R, Kavanaugh, Winans, Williams, Jackson’s Locations: Virginia, Richmond, Ohio, Shenandoah, U.S

☆ UK PM Sunak could cease to be a lawmaker in landslide election defeat, new poll shows
▼ + stars: | 2024-06-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Prime Minister Rishi Sunak speaks to farmers as he campaigns on a farm near Barnstaple on June 18, 2024 in North Devon, United Kingdom. North Devon has been held by the Conservative Party since the 2015 general election. British Prime Minister Rishi Sunak could become the country's first sitting prime minister to lose their seat at a general election, according to the findings of a shock new poll. If correct, the upcoming vote would deliver Labour a supermajority of 382, comfortably more than former Prime Minister Tony Blair's historic 1997 victory. The analysis showed that left-leaning Scottish National Party is set to win 8 seats, while Wales' pro-independence political party Plaid Cymru is expected to win 4.

Persons: Rishi Sunak, Tony Blair's, Savanta, James Cleverly's, Jeremy Hunt's Organizations: Conservative Party, British, Labour, Conservative, Liberal Democrats, Scottish National Party, Wales, Plaid Cymru, Greens Locations: Barnstaple, North Devon, United Kingdom, Richmond, Northallerton, North Yorkshire, Braintree, Essex, Godalming, Ash, Surrey

☆ Trump Whistle-Blower Wins House Primary in Virginia
▼ + stars: | 2024-06-18 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

At the time, Mr. Biden was widely expected to be Mr. Trump’s opponent in the 2020 election. Eugene Vindman, who was dismissed from the White House early in 2020, he says as improper retaliation for his whistle-blowing actions, raised a remarkable sum of money for a first-time candidate. “I sacrificed my military career to expose Trump’s corruption,” Eugene Vindman said in one of his campaign ads. His election to the House is not guaranteed. But Glenn Youngkin, a Republican, won the district the year before by 4.9 points en route to winning the governor’s mansion.

Persons: Mike O’Brien, Janelle Stelson, Scott Perry, Trump, Volodymyr Zelensky, Biden’s, Hunter, Biden, Alexander Vindman, Eugene Vindman, “, ” Eugene Vindman, Spanberger, Glenn Youngkin Organizations: Marine Corps, Pennsylvania Democratic, Trump Republican, Army, White House National Security Council, Ukraine’s, Mr, Democrat, Republican Locations: Pennsylvania, Washington’s, Richmond

☆ Treasury yields rise ahead of May retail sales data
▼ + stars: | 2024-06-18 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The 10-year Treasury yield was under a basis point higher at 4.2808%. The 2-year Treasury note yield was also up by less than a basis point to 4.7629%. U.S. Treasury bond yields rose Tuesday as investors traders looked ahead to May retail sales data for insights into the health of the consumer. Retail sales data for May is due Tuesday morning. Federal Reserve officials including Boston Fed President Susan Collins, Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin are expected to speak at events across the country throughout the day.

Persons: Neel Kashkari, Kashkari, Susan Collins, Lorie Logan, Tom Barkin Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Sunday, CBS News, CBS, Federal, Boston Fed, Dallas, Richmond Fed Locations: Minneapolis, U.S, United States

☆ America’s top central banker says the job market is back to normal. Is that true?
▼ + stars: | 2024-06-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.

Persons: Washington CNN —, “, Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo

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