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August 18, 2022

July

Retail sales little changed in July amid fall in gas prices and drop in auto sales

CNBC
CNBC – For more and to sign up click here Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping, the Census Bureau reported Wednesday. While advance retail sales were unchanged, total receipts excluding autos rose 0.4%.......

Joe Burrow Confirms His Appendix Ruptured in July

Sports Illustrated
SI – For more and to sign up click here Wilton Jackson More than a week ago, Bengals quarterback Joe Burrow resumed throwing light passes and completed a walkthrough with his receivers for the first time after being away to undergo an appendectomy on July 27. Burrow did not play in Cincinnati’s first preseason......

‘Tepid’ demand for U.S. sustainable funds in July, report says

Reuters
Aug 15 (Reuters) – Investors deposited $120 million into U.S. sustainable funds last month, a “tepid” amount of inflows that coincided with a broader retreat from mutual funds and ETFs, researcher Morningstar Inc (MORN.O) said on Monday. July marked the second consecutive month of net new deposits for sustainable funds,......

China’s consumer and factory data miss expectations in July

CNBC
CNBC – For more and to sign up click here Employees working on an air-conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING — China reported data for July that came in well below expectations. Retail sales grew by 2.7% in......

Egypt’s foreign currency gap narrows to $400 million in July

Reuters
CAIRO, Aug 13 (Reuters) – Egypt’s foreign currency gap narrowed to $400 mln last month from $3.9 bln in February, deputy governor of the Central Bank of Egypt Gamal Negm said on Saturday. Egypt has seen billions of dollars leave its markets since the Russian invasion of Ukraine in February......

Japan July core CPI seen rising 2.4%, near 8-year-high – Reuters poll

Reuters
People make their way at Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – Japan’s core consumer price index (CPI) for July likely rose 2.4% from a year earlier, accelerating to the fastest pace......

Inflation Cooled in July, Welcome News for White House and Fed

New York Times
Inflation cooled notably in July as gas prices and airfares fell, a welcome reprieve for consumers and a positive development for economic policymakers in Washington — though not yet a conclusive sign that price increases have turned a corner. The Consumer Price Index climbed 8.5 percent in the year through......

Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal

CNBC
CNBC – For more and to sign up click here Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while......

Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

CNBC
CNBC – For more and to sign up click here The consumer price index, a measure of inflation, was expected to rise 8.7% in July from a year ago, according to Dow Jones estimates. Core inflation excluding food and energy was forecast to increase 6.1%. This is breaking news. Please......

Food prices fell sharply in July — but the respite may not last

CNBC
CNBC – For more and to sign up click here Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Getty Images Food prices dropped......

Despite a strong jobs report, unemployment inched higher for Black workers in July

CNBC
CNBC – For more and to sign up click here Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The U.S. job market posted strong growth and a decline in unemployment in July, but unemployment ticked......

Here’s where the jobs are for July 2022 — in one chart

CNBC
CNBC – For more and to sign up click here Zoom In IconArrows pointing outwards The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector, which has been grappling with labor shortages. The leisure and hospitality sector......

US jobs growth jumps in July despite slowdown fears

BBC
https://www.bbc.co.uk/news/business-62438987?at_medium=RSS&at_campaign=KARANGA “The unexpected acceleration in non-farm payroll growth in July, together with the further decline in the unemployment rate and the renewed pick-up in wage pressure, make a mockery of claims that the economy is on the brink of recession,” said Michael Pearce, senior US economist for Capital Economics. BBC......

Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market

CNBC
CNBC – For more and to sign up click here Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the......

Job growth was likely strong in July, but it could slow in coming months with more layoffs

CNBC
CNBC – For more and to sign up click here An employee checks out a customer at Paulina Meat Market in the Lakeview neighborhood in Chicago, Illinois, June 28, 2022. Bianca Flowers | Reuters Employers likely added fewer jobs in July, but the monthly employment report is still expected to......

Stockholm Instead of Rome? October Instead of July? How Heat Waves Are Changing Tourism in Europe

@BreaknNews
It was the middle of July, peak summer travel season, and the news from Europe wasn’t looking good: A heat-induced “surface defect” briefly closed the runway at London’s Luton Airport. Trains were delayed or canceled across Britain because of overheated tracks. More than two dozen weather stations in France recorded......

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