2024 - Page 90 of 170 - Author feast

Discovering a characteristic Italian apartment uninhabited for more than two decades: a personal journey.

17

Aug

Discovering a characteristic Italian apartment uninhabited for more than two decades: a personal journey.

Related media - Recent news In 2020, Kristina Knighten, 38, and her husband Paul Cordier, 46, finalized the purchase of their picturesque home overlooking Lake Iseo in Italy. They purchased this charming two-bedroom residence for €23,000 (approximately $24,973 USD). Describing their new home, Knighten shares with CNBC Make It, "It's the kind of house you picture as a kid, complete with a gable roof, center door, and quaint upstairs windows. It's ideally located, just steps from both the train station and the lake, and it almost seems too good to be true." The duo began the renovation in March this…

US inflation falls to three-year low, preparing for possible rate cut

17

Aug

By William Lee

New miscellaneous

US inflation falls to three-year low, preparing for possible rate cut

More news - Recent news The United States recorded its lowest annual inflation rate in three years in July, signaling a slowdown in the smallest price increases seen in nearly four decades. That development could allow the Federal Reserve to consider cutting interest rates as early as September. The Labor Department reported that consumer prices rose just 0.2% from June to July, marking a slight acceleration but the first of its kind in four years. On an annual basis, the inflation rate came in at 2.9%, down from 3% in June, marking the lowest annual rate since March 2021. This…

Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand

16

Aug

By William Lee

Business

Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand

Related media - Recent news Walmart on Thursday raised its full-year guidance following a nearly 5% increase in quarterly revenue, fueled by increased activity at its brick-and-mortar stores and online platform, along with better-than-expected sales in non-food categories. The retail giant beat Wall Street forecasts in both revenue and profit, sending its stock price up 6% during morning trading. Walmart now expects full-year sales to rise 3.75% to 4.75%, with adjusted earnings per share between $2.35 and $2.43. The outlook change marks a change from previous projections, which called for sales growth of 3% to 4% and earnings per share…

Consumer spending rose in July, with retail sales rising 1%, much better than expected

16

Aug

By William Lee

Consumer spending rose in July, with retail sales rising 1%, much better than expected

Related media - News 24 hours In a strong display of consumer resilience, July retail sales beat expectations, rising 1%, the Commerce Department reported. The gain, which was adjusted for seasonal variations but not for inflation, beat the modest 0.3% increase forecast by economists polled by Dow Jones. The adjustment followed a downward revision to June's figures, which showed a 0.2% decline from initially reported flat growth. Excluding auto-related sales, retail data still showed a positive trend, rising 0.4%, again beating the 0.1% forecast. The positive retail trade figures were complemented by encouraging developments in the employment sector. The week…

Hurricane Ernesto hits Puerto Rico, rises to Category 1

16

Aug

By William Lee

New miscellaneous

Hurricane Ernesto hits Puerto Rico, rises to Category 1

Related media - News 24 hours Hurricane Ernesto has had a severe impact on Puerto Rico, having been upgraded to a Category 1 hurricane upon landfall. The storm's strong winds and heavy rains have caused widespread power outages, affecting thousands of residents in Puerto Rico and the neighboring Virgin Islands. Local authorities are working tirelessly to restore power and provide relief to those hardest hit by the storm. While emergency services are mobilizing to address immediate needs, the broader implications of Ernesto’s passage are becoming clear. Roads are blocked by debris and several communities are reporting significant flooding, complicating relief…

Steel sharpens steel: Tomlin’s physical retreat primes Steelers for the grind

15

Aug

By William Lee

Sports

Steel sharpens steel: Tomlin’s physical retreat primes Steelers for the grind

More news - Latest news Mike Tomlin’s Pittsburgh Steelers stand out in the NFL landscape, going through a physical and grueling training camp like most other teams. While the league tends to reduce contact during practices, Tomlin believes replicating the intensity of a game is key to success. The Steelers’ approach harks back to a bygone era, with practices featuring full-contact drills like “Seven Shots” and “backers on backers.” This methodology, Tomlin says, forges a team identity based on toughness and prepares players for the rigors of the regular season. Evolution over time: However, Tomlin has adjusted his approach during…