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The Latest Breaking News from Inflation

What if the Fed cut rates to just 1% like Trump wants? An analyst says it's 'ludicrous' and may scare businesses

"As a big business owner looking at rates at 1% or 2%, I'm definitely saying, 'what do you know that I don't?'"

Fortune

Why the New Middle Class Is Living Paycheck to Paycheck

For decades, the middle class was viewed as the backbone of the American Dream. Stable jobs, homeownership, and financial security were hallmarks of a comfortable...

Saving Advice

Exclusive: Trade partners have realized America is 'simply not reliable' after Trump's tariff regime, says Elizabeth Warren—believing impact will be felt for generations to come

The White House believes tariffs are a win for American voters, but Sen. Warren tells Fortune the policy has driven up tariff-vulnerable costs, delayed manufacturing investment, and forced the Fed to keep interest rates higher than it otherwise would.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Are US tariffs starting to bite? Trump, in denial over rising prices, targets Fed chief Powell

The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buck

The Guardian - US

Japan’s minority gov’t faces election setback over inflation, immigration

Soaring prices and anti-foreigner sentiment have become central issues for much of Japan’s electorate.

Al Jazeera

TV Newsance 306: Labubu, Love Jihad & Bihar’s lost voter list

This week on TV Newsance, Anjana was back on primetime, tackling the nation’s most urgent crisis – Labubu, a sharp-toothed Chinese toy, apparently more terrifying than inflation or unemployment. But fear not, because Labubu wasn’t alone. Her evil cousin Annabelle also made a cameo, and just to keep things educational,…

Newslaundry

Stocks Finish Slightly Lower on Mixed Earnings Results

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.05%. September E-mini S&P futures (ESU25 ) fell -0.08%, and September E-mini Nasdaq futures (NQU25...

Barchart

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Stock Market Today: Stocks Step Back From New Highs

Investors, traders and speculators continue the low-volume summer grind against now-familiar uncertainties.

Kiplinger

Dollar Weakens as a Fed Official Calls for Rate Cuts

The dollar index (DXY00 ) Friday fell by -0.24%. The dollar came under pressure today following comments from Fed Governor Christopher Waller on Thursday evening, who stated that he supports a Fed interest rate cut at the July 29-30 FOMC meeting. Also, an easing of inflation expectations in today's University...

Barchart

Fed officials grow more outspoken—and split—over interest rate cuts

Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.

Fortune

Americans are the most optimistic about the economy since just after Trump's inauguration

The University of Michigan consumer sentiment survey shows vibes around the economy far below historic norms, but they're "inching up."

Fortune

Stocks Pressured by Weakness in Netflix and Health Insurers

The S&P 500 Index ($SPX ) (SPY ) today down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU25 ) are down -0.14%, and September E-mini Nasdaq futures (NQU25...

Barchart

Dollar Falls on Dovish Comments from a Fed Official

The dollar index (DXY00 ) today is down by -0.59%. The dollar came under pressure today following comments from Fed Governor Christopher Waller on Thursday evening, who stated that he supports a Fed interest rate cut at the July 29-30 FOMC meeting. Also, an easing of inflation expectations in today’s...

Barchart

Stocks See Support from Dovish Fed Official Comment

The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. September E-mini S&P futures (ESU25 ) are up +0.12%, and September E-mini Nasdaq futures...

Barchart

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news in one place.

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Budget and the Bees

Why Your Retirement Budget Is About to Feel Smaller

For decades, you have diligently saved for a comfortable retirement. You likely crunched the numbers, created a budget, and built a solid nest egg. However, many new retirees quickly discover a jarring reality. Their carefully planned budget suddenly feels much tighter than they ever expected. As a result, powerful and…

Barchart

S&P Futures Gain as Strong U.S. Economic Data and Earnings Boost Optimism

September S&P 500 E-Mini futures (ESU25) are trending up +0.19% this morning, extending yesterday’s gains as rising confidence in the strength of the U.S. economy and positive earnings reports bolstered investors’ risk appetite.

Benzinga

Fed Governor Christopher Waller Calls For 25 Bps Cut In July, Cites 'Stall Speed' Jobs Data—Says Tariff-Driven Inflation Shouldn't Stop Easing As Trump Pressures Jerome Powell

Federal Reserve Governor Christopher Waller just made the case for cutting interest rates at the Federal Open Market Committee's July meeting.

The Independent UK

Asian shares mostly advance after Wall Street cruises to more records

Asian shares are mostly higher after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies

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news in one place.

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The Independent UK

Only a quarter of Americans say Trump’s policies have helped them, new poll finds

A majority of Americans believe Trump has fallen short on key issues such as the economy and immigration

Space

What's the deal with Lex Luthor's pocket universe in James Gunn's 'Superman'?

Superman is full of awesome sci-fi elements, but the most fascinating one might be Lex Luthor's pocket dimension. How does that even work?

Barchart

S&P 500 and Nasdaq 100 Rally to Record Highs on a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. September E-mini S&P futures (ESU25 ) rose +0.59%, and September E-mini Nasdaq futures (NQU25...

Fortune

Trump's tariffs are turning into a 'mosaic' that will be 'idiosyncratic,' Morgan Stanley says, projecting a $2.7 trillion haul over 10 years

The average effective tariff rate has been around 16%, Morgan Stanley Wealth Management calculates, 5 times higher than the past average of 3%.

The Guardian - UK

My tears for the 17,000 Palestinian children killed in Gaza

Brief letters: A moving leader | Unsurprised by inflation rise | Vegan staycations | Beard tax

Reason

Americans No Longer Trust Trump To Handle Inflation

The president has spent six months promising to make everything more expensive, and polls show that Americans have noticed.

Fortune

The safety net companies put in place for themselves to stave off higher prices induced by tariffs is fraying

Companies stockpiled inventory before the tariffs. Now economists wonder when those reserves will be depleted.

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