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Retail Sales Snuff Out Economic Disaster Fears

Retail therapy for an anxious market Someone appears to have forgotten to tell American consumers that interest rates are so restrictive that they risk plunging the U.S. economy into recession. The Commerce Department said Thursday Retail sales increased 1% in July.That was the biggest monthly increase since January 2023. It was well above the 0.3% […]

Dow surges 400 points, strong retail sales data ease fears of slowdown

The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]

Stephen A. Smith hopes Trump loses, fears 'vengeance tour'

ESPN personality Stephen A. Smith said he hopes former President Trump won’t return to the White House in November. “I don’t want Donald Trump to win this election,” Smith said on a podcast Wednesday, picked up by Media It. “The reason is because he doesn’t know how to operate. I’m afraid he’ll go on a […]

New York county bans wearing masks in public amid crime fears

Nassau County, New York, has passed a law banning excessive mask wearing in public places. Nassau County Mayor Bruce Blakeman signed the ban on Wednesday, codifying a law passed by the state Legislature last week. “What we saw was a lot of people wearing masks going into stores and shoplifting, and it was very difficult […]

Officials Issue High-Risk Recall of Candy Due to Salmonella Fears

Sweets sold in several stores across the country are being recalled due to the risk of Salmonella, a bacteria that can cause serious illness. Among the affected retailers are Walmart, Target and Dollar General, which sell Palmer Candy Company’s “white-coated confections,” Fox Business reported. Reported Saturday. The company says these sweets are Salmonella“Microorganisms that can […]

Jobless claims fall more than expected to ease recession fears

The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]

Dow jumps 600 points, S&P and Nasdaq roar higher as recession fears ease

In “Cavuto: Coast to Coast,” former St. Louis Federal Reserve Bank President and CEO James Bullard discusses whether central banks should worry about how markets will react to their decisions. U.S. stocks rose on Thursday as new jobless claims figures eased investor fears of an imminent economic downturn, providing some cheer to a turbulent week […]