ECONOMICS

Authored by Katabella Roberts via The Epoch Times (emphasis ours),

Discount retail chain Big Lots is shuttering more than 50 stores across California following a drop in customer spending and economic challenges.

A sign is posted in front of a Big Lots store in Hercules, Calif., on June 7, 2024. (Justin Sullivan/Getty Images)

The store locator function of the chain’s website shows 54 stores that will close across the state, but it’s not clear exactly when they will close. (more…)

After yesterday's panicked oped by idiot Bill "recession is here, so cut rates before Trump is elected" Dudley, expectations were for a Q2 GDP print this morning at zero if not outright negative to greenlight a July rate cut. Of course, that oped is all that was needed for Kamala's Census Bureau to release a blowout print (because we now have just 100 days to establish Kamalanomics as the next sliced bread) and that's precisely what happened moments ago when the first (more…)

The headline US durable goods new orders print for preliminary June data was a disaster – plunging 6.6% MoM (vs expectations of 0.3% MoM rise!). That dragged goods orders down

Source: (more…)