US consumer sentiment rises slightly this month as Democrats' spirits climb, University of Michigan survey reports
WASHINGTON (AP) — US consumer sentiment rises slightly this month as Democrats' spirits climb, University of Michigan survey reports.
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The Canadian PressUS filings for unemployment benefits inch up slightly but remain historically low
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates.
- Yahoo Finance Video
Jobless claims, labor data are 'slam dunk' for 25bps rate cut
Oxford Economics chief economist Ryan Sweet joins Seana Smith and Brad Smith on Morning Brief to discuss weekly jobless claims released Thursday morning and what it means for next week’s expectations for interest rate cuts from the Federal Reserve. Initial jobless claims came in at 230,000, a 2,000 increase from the previous week’s level and above expectations, as the average estimate was 227,000. Jobless claims were “below that break-even level, which is consistent with no monthly job growth,” Sweet said, noting that in his view, this is “a good sign for the Fed that even though the labor market has risen, it's not because of a lot of layoffs,” which is “an encouraging sign" for officials ahead of the September FOMC meeting. Sweet says labor market data is a “slam dunk” that the Fed will cut 25 basis points next week. He believes that while Fed officials will likely be on the same page about the first cut given this week’s economic data, Sweet expects “a lively discussion” about whether the subsequent cuts are 25 or 50 basis points. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan.
- Reuters
US labor market holding steady; inflation trending lower
The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that layoffs remained low even as the labor market is slowing. Other data from the Labor Department on Thursday showed producer prices rising slightly more than expected in August amid a rebound in the cost of services. The combination of a fairly stable labor market and still-high inflation further diminished the chances of the Federal Reserve cutting interest rates by 50 basis points next Wednesday, when the U.S. central bank is expected to start its long-awaited easing cycle.
- Business Insider
The full list of major US companies slashing staff this year, from Microsoft and PwC to Tesla and Goldman Sachs
Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Goldman Sachs, IBM, Google, and Tesla are among those shedding staff.
- HuffPost
Patrick Mahomes Reveals His Election Endorsement Plans
The Kansas City Chief quarterback's wife, Brittany, has been called a supporter by Donald Trump.
- BuzzFeed
Megyn Kelly Said "F You, Taylor Swift" After The Singer Endorsed Kamala Harris And Tim Walz, And Here's Why This Outburst Is A Problem
"You can kiss your sales to the Republican audience goodbye, Taylor."
- HuffPost
Report Reveals Very Different Ways Trump And Harris Spent Commercial Breaks In Debate
Here's what the candidates reportedly did when the cameras weren't rolling.
- The Daily Beast
Trump Reveals Who He Plans to Blame If He Loses Election
Is Donald Trump gearing up to blame old folks if he loses the presidential election to Kamala Harris in November? It sure sounded that way Thursday at a rally held by the former president in Tucson, Arizona, where he took note of the changing demographic of his supporters and wondered aloud if they will be to blame if he’s defeated on Election Day.“We have a lot of young people here,” Trump said. “My audiences, they’ve gotten younger and younger, do you notice that?”Read more at The Daily Beast.
- The Daily Beast
Republican Strategist Goes Quiet on CNN When Asked About Trump’s Conspiracy
A CNN panel got extremely heated on Wednesday night as Republican strategist Scott Jennings was asked if he believed Donald Trump’s debate comments about Haitians eating pets were rooted in racism.Jennings, a contributor to the network and former special assistant to George W. Bush, was pressed about the issue on NewsNight With Abby Phillip after the former president and other GOP figures boosted the claim about cats, dogs, and geese being consumed in Springfield, Ohio. Local authorities say the
- The Independent
Trump gave Harris a shocking two-word compliment after the debate
Presidential candidates both attended a memorial ceremony at Ground Zero hours after the debate
- USA TODAY
Donald Trump threatens to imprison Biden, Harris, Pelosi, and others. Experts are worried
Donald Trump is threatening to prosecute and imprison his political enemies. Experts on democracy and the rule of law told USA TODAY the risk is real.
- HuffPost
Jordan Klepper Taunts Trump With A Word He Really, Really Hates
The "Daily Show" correspondent hit one of the former president's sorest spots.
- The Independent
Don Jr confronted by restaurant owner who says he lost half his customers over Trump support
The restaurant owner purchased a digital billboard for Donald Trump in Minnesota, where Tim Walz is governor
- The Wrap
Trump Knocks Off Taylor Swift’s Eras Tour Merch With His Own ‘Era’ Tees: ‘Calling All Swifties’
The shirts feature a collage of photos of the former president, directly styled after the mega pop star’s own design The post Trump Knocks Off Taylor Swift’s Eras Tour Merch With His Own ‘Era’ Tees: ‘Calling All Swifties’ appeared first on TheWrap.
- HuffPost
Jane Fonda Burns 'Orange Man' Donald Trump With Brutal Reminder — And A Stark Plea
The Oscar-winning actor also pointed out the one part of the presidential debate that she was less than happy with.
- USA TODAY
Colorado mayor, police respond to Trump's claims that Venezuelan gang is 'taking over'
Aurora Mayor Mike Coffman and the police leaders have announced arrests and addressed Donald Trump's claims that a Venezuelan gang is 'taking over.'
- People
Actor James Hollcroft, 26, Found Dead After Going Missing: 'Will Always Be Present in Our Hearts'
"I will love you forever, thank you for the years we shared together" his sister shared on Instagram
- HuffPost
Conservatives Roast ‘Creepy’ Trump Over Botched Debate In MSNBC Supercut
Faces familiar to the former president delivered a blistering critique in the montage.
- BuzzFeed
I Might Burst A Lung From Laughing So Hard At These 56 Jokes About The Presidential Debate
The presidential debate between Kamala Harris and Donald Trump is a night that'll go down in Twitter history.
- The Daily Beast
Megyn Kelly Leads MAGA Meltdown Over Taylor Swift Endorsement
The last time Taylor Swift encouraged her fans to vote via Instagram, the result was 35,000 new voter registrations. This year, as the singer endorses Kamala Harris, her influence is likely to be felt again—which right-wing commentators like Megyn Kelly are not happy about.“You can kiss your sales to the Republican audience goodbye, Taylor,” Kelly screamed on her podcast Wednesday. Notably, Swift also endorsed Joe Biden over Donald Trump in the 2020 election as well, and her sales didn’t suffer