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Defiant American Consumers, Walmart's Stellar Quarter and Major SSN Data Breach
Anna Eisenberg
August 15, 2024
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Anna's Daybreak News
Friday, 5:18 AM
August 16, 2024
Good morning news friend! Stay engaged with the latest updates, following the swiftly changing landscape of current events. 📰🌟
Defiant American Consumers Push Back
In July, Americans boosted retail spending by 1%, the largest increase since January 2023.
Auto sales led the way with a 3.6% rise, while electronics and appliance stores saw a 1.6% surge.
Economists upgraded their growth forecast for Q3 to 2.3%, up from 2.1%. Retail sales grew 2.7% year-on-year, showing consumers are bouncing back.
Meanwhile, jobless claims fell by 7,000 to 227,000, and layoffs remain low. The advance seasonally adjusted insured unemployment rate is now at 1.2%.
Source: Read More
In July, Americans boosted retail spending by 1%, the largest increase since January 2023.
Auto sales led the way with a 3.6% rise, while electronics and appliance stores saw a 1.6% surge.
Economists upgraded their growth forecast for Q3 to 2.3%, up from 2.1%. Retail sales grew 2.7% year-on-year, showing consumers are bouncing back.
Meanwhile, jobless claims fell by 7,000 to 227,000, and layoffs remain low. The advance seasonally adjusted insured unemployment rate is now at 1.2%.
Source: Read More
Walmart's Stellar Quarter
Walmart reported quarterly earnings of $4.5 billion, or 67 cents per share. Sales reached $169.3 billion, a 4.8% rise. Comparable store sales in the US grew by 4.2%, higher than previous quarters.
It projects overall sales growth of 3.75% to 4.75% for the year. Adjusted earnings are expected to be between $2.35 and $2.43 per share.
Additionally, operating income increased by 8.5% and online sales jumped by 22%.
Shoppers are seeking affordable prices, leading to a 35% increase in price rollbacks, totaling 7,200 discounts. Walmart also gained market share among households earning over $100,000 a year.
Source: Read More
Walmart reported quarterly earnings of $4.5 billion, or 67 cents per share. Sales reached $169.3 billion, a 4.8% rise. Comparable store sales in the US grew by 4.2%, higher than previous quarters.
It projects overall sales growth of 3.75% to 4.75% for the year. Adjusted earnings are expected to be between $2.35 and $2.43 per share.
Additionally, operating income increased by 8.5% and online sales jumped by 22%.
Shoppers are seeking affordable prices, leading to a 35% increase in price rollbacks, totaling 7,200 discounts. Walmart also gained market share among households earning over $100,000 a year.
Source: Read More
Do you think the US will be able to avoid a recession? |
Major Data Breach
A data breach exposed the personal information of about 2.7 billion people. This information includes names, addresses, and Social Security numbers.
A group named USDoD stole these records from National Public Data, a company that sells personal data for background checks.
The data was offered for $3.5 million but was leaked for free on hacking forums. Thieves can use this information to create fake accounts or reset passwords.
To protect yourself, place a freeze on your credit file at Experian, Equifax, and TransUnion. Also, consider using strong, unique passwords and enable two-factor authentication to add layers of security.
Source: Read More
A data breach exposed the personal information of about 2.7 billion people. This information includes names, addresses, and Social Security numbers.
A group named USDoD stole these records from National Public Data, a company that sells personal data for background checks.
The data was offered for $3.5 million but was leaked for free on hacking forums. Thieves can use this information to create fake accounts or reset passwords.
To protect yourself, place a freeze on your credit file at Experian, Equifax, and TransUnion. Also, consider using strong, unique passwords and enable two-factor authentication to add layers of security.
Source: Read More
Monkeypox (mpox) Outbreak Escalates
The World Health Organization (WHO) declared mpox a global health emergency for the second time. The current outbreak in Congo shows 27,000 cases and over 1,100 deaths since January 2023.
A new strain, known as Clade Ib, has spread to Rwanda, Uganda, Burundi, and Kenya. Yet it does not spread like COVID-19. It is transmitted through close contact, including sex.
Mpox can cause flu-like symptoms and severe skin lesions. Children are the most affected.
On Thursday, Sweden reported the first case of mpox outside Africa.
Source: Read More
The World Health Organization (WHO) declared mpox a global health emergency for the second time. The current outbreak in Congo shows 27,000 cases and over 1,100 deaths since January 2023.
A new strain, known as Clade Ib, has spread to Rwanda, Uganda, Burundi, and Kenya. Yet it does not spread like COVID-19. It is transmitted through close contact, including sex.
Mpox can cause flu-like symptoms and severe skin lesions. Children are the most affected.
On Thursday, Sweden reported the first case of mpox outside Africa.
Source: Read More
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