Karnataka re-establishes Covid death audit team, 466 active case in state
Sixty four fresh cases of Covid were reported on Wednesday, bringing the state's total active case count to 466.
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Yahoo
16 minutes ago
- Yahoo
Homebuilding Down, Jobless Claims Up; Fed News Later
Wednesday, June 18, 2025Pre-market futures are holding onto early morning gains, but are lower than they were before this morning's economic data began hitting the tape. Dow futures are now +10 points, the S&P 500 is +5 and the Nasdaq +30 points. These are down from 40, 10 and 50 points, we prepare to honor our Juneteenth holiday Thursday with closed banks and stock markets, we see Weekly Jobless Claims pulled a day earlier to this morning. Initial Jobless Claims came in-line with expectations at 245K, 5000 lower than the upwardly revised 250K the prior week, which is the highest level since a one-week blip of 259K back in October of last trailing four-week average in new claims is now 245K — again, directly in-line with today's result and its expectation. The previous four weeks averaged just over 231K, so we can see these numbers creeping up. This has been anticipated by analysts ever since big layoffs at corporations and the federal government began during the first quarter of Claims, reported a week in arrears from initial claims, came in at 1.945 million for two weeks ago. This makes the fourth-straight week longer-term jobless claims have notched above 1.9 million. (There is nothing inherently meaningful in 1.9 million continuing claims other than its proximity to 2 million, by the way.) U.S. Housing Starts for May posted its lowest tally since May 2020 — the heart of the Covid pandemic: 1.256 million seasonally adjusted, annualized units fell nearly -10% month over month from the upwardly revised 1.392 million for April, and far lower than the 1.35 million analysts had anticipated. Building Permits were also below expectations, reaching 1.393 million seasonally adjusted, annualized units in May from 1.42 million estimated (which was the upward revision to the prior month). This again is the lowest print in five years, and demonstrates a cooling housing market continuing to find its way through the current high-mortgage-rate homes were flat month over month, -7% year over year. Multi-family took a -30% hit month over month, off a record number of new builds over the past few years. Permits for multi-family were +13% year over year. The housing market sees strong demand for rentals continuing, which should keep multi-family projects in the lead over single-family. We expect this to continue until mortgage rates start to come down meaningfully. The 'big news' today will be the announcement from the Federal Open Market Committee (FOMC) and the press conference with Fed Chair Jerome Powell following. There won't be any rate cut today, but we do expect a new 'dot plot' from the Fed, which will tip their hand regarding how many rate cuts the FOMC currently expects to deliver this year, and when they might will be the fourth of eight total FOMC meetings this year: the next will be July, but as per tradition, the Fed will skip August. Odds for a September cut are notably higher, although this might be a matter of economists pushing out their hockey sticks a bit. (You'll recall earlier this year that this June meeting was the latest analysts had expected a first rate cut to occur. But a resilient economy combined with a murky tariff outlook have kept those rate cuts at bay.)Questions or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Scottish Sun
an hour ago
- Scottish Sun
My hardware shop survived two world wars, recessions & Covid – now Rachel Reeves has KO'd it after 160 years
Paul says he would have liked his daughter Sophie and grandson James to take over, but that won't happen now CLOSING TIME My hardware shop survived two world wars, recessions & Covid – now Rachel Reeves has KO'd it after 160 years Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) FOR 160 years Mogford & Son has been a trusty hardware shop just like the one seen in the Two Ronnies' famous 'fork handles' sketch. But running a small independent shop has become no laughing matter for its current owner Paul Gillam. Sign up for Scottish Sun newsletter Sign up 5 After 160 years, surviving two world wars and Covid, rising costs have sounded the death knell for Mogford & Son Credit: Jon Rowley 5 A snap of W.H Mogfrod & Son taken in 1920 Credit: Jon Rowley 5 Current owner Paul Gillam has blamed rising costs, including Rachel Reeves' National Insurance hike, for having to shutter the store for good Credit: AP Because of a tsunami of rising costs, including Rachel Reeves' employer National Insurance increase, Paul, 57, has been forced to call it a day. At the end of September Mogford — one of Britain's oldest shops — will close its doors for the final time. Queen Victoria was on the throne in the 1860s when businessman WH Mogford first opened his ironmongers store on the high street in Westbury-on-Trym, north Bristol. This Aladdin's cave has survived two world wars, the Great Depression, recessions and Covid but the current owner has had to make the heartbreaking decision to stop trading. Close to tears, Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges. 'The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. 'It's been a hard decision but I can't carry on.' Standing at the till, Paul is surrounded by thousands of objects for the home, from bamboo and compost to jubilee clips and, of course, candles. He has a wry smile as he poses with four candles, like shopkeeper Ronnie Corbett in the famous TV sketch, but he looks sad as he surveys his stock. There are house numbers, bolts, rabbit food and aquarium cleaners all stacked neatly on shelving that has carried everything the local community could want for the past century and a half. Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals Paul's wife Babs, 55, who has been working in the shop since two staff retired recently, not to be replaced, says: 'The Government say they want to keep High Streets open but then all the banks close. "Then the car parks start charging, then the shops close. People end up going online or to one of the big retailers.' The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. Paul To try to counter the online threat, Paul's shop has a Facebook page and offers a delivery service. He charges £1 for anything under £20 and free delivery on orders over 20 quid. Paul makes just £1.60 on a bag of compost and in 30 years of working at Mogford he has never increased all his prices at once to keep pace with inflation. He raises prices as little as possible and he reluctantly puts a £3 limit on the card machine because of the cost of using it. Paul would have liked his daughter Sophie and grandson James to take over but he decided they would be better off in jobs with a future. Paul remembers walking past Mogford's shop as a boy. He says: 'There was everything round here. 'Clothes shops, shoe shops, butchers, fishmongers, greengrocers. You could get every single thing you wanted.' He points across the road to the shops that have closed down — a newsagent's, a women's accessories shop and a shoe repair bar. He says: 'When Covid happened, we were considered an essential business. I will close the doors with a heavy heart Paul 'We extended our hours, opening at 6am and not closing until 9pm because our footfall went up so much with people working from home, and we wanted to help.' When The Sun visited, all morning there was a steady stream of customers coming in to buy goods from washers to dog bowls, super glue to carpet cleaner. Paul knows most of them by name and all seem upset that the shop will be gone in just ten weeks' time. They say it's the latest nail in the coffin for their High Street and they don't know what they'll do when Paul locks up for the final time. He says: 'I will close the doors with a heavy heart. 'It's not for lack of trying either but there's simply nothing I can do. I'm breaking even and have been for a while, so I've been left with no choice.' 5 Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges' Credit: Jon Rowley
The Irish Sun
an hour ago
- The Irish Sun
My hardware shop survived two world wars, recessions & Covid – now Rachel Reeves has KO'd it after 160 years
FOR 160 years Mogford & Son has been a trusty hardware shop just like the one seen in the Two Ronnies' famous 'fork handles' sketch. But running a small independent shop has become no laughing matter for its current owner Paul Gillam. 5 After 160 years, surviving two world wars and Covid, rising costs have sounded the death knell for Mogford & Son Credit: Jon Rowley 5 A snap of W.H Mogfrod & Son taken in 1920 Credit: Jon Rowley 5 Current owner Paul Gillam has blamed rising costs, including Rachel Reeves' National Insurance hike, for having to shutter the store for good Credit: AP Because of a tsunami of rising costs, including Rachel Reeves' employer National Insurance increase, Paul, 57, has been forced to call it a day. At the end of September Mogford — one of Britain's oldest shops — will close its doors for the final time. This Aladdin's cave has survived two world wars, READ MORE UK NEWS Close to tears, Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges. 'The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. 'It's been a hard decision but I can't carry on.' Standing at the till, Paul is surrounded by thousands of objects for the home, from bamboo and compost to jubilee clips and, of course, candles. Most read in The Sun He has a wry smile as he poses with four candles, like shopkeeper There are house numbers, bolts, rabbit food and aquarium cleaners all stacked neatly on shelving that has carried everything the local community could want for the past century and a half. Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals Paul's wife Babs, 55, who has been working in the shop since two staff retired recently, not to be replaced, says: 'The Government say they want to keep High Streets open but then all the banks close. "Then the car parks start charging, then the shops close. People end up going online or to one of the big retailers.' The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. Paul To try to counter the online threat, Paul's shop has a Facebook page and offers a delivery service. He charges £1 for anything under £20 and free delivery on orders over 20 quid. Paul makes just £1.60 on a bag of compost and in 30 years of working at Mogford he has never increased all his prices at once to keep pace with inflation. He raises prices as little as possible and he reluctantly puts a £3 limit on the card machine because of the cost of using it. Paul would have liked his daughter Sophie and grandson James to take over but he decided they would be better off in jobs with a future . Paul remembers walking past Mogford's shop as a boy. He says: 'There was everything round here. 'Clothes shops, shoe shops, butchers, fishmongers, greengrocers. You could get every single thing you wanted.' He points across the road to the shops that have closed down — a newsagent's, a women's accessories shop and a shoe repair bar. He says: 'When Covid happened, we were considered an essential business. I will close the doors with a heavy heart Paul 'We extended our hours, opening at 6am and not closing until 9pm because our footfall went up so much with people working from home, and we wanted to help.' When The Sun visited, all morning there was a steady stream of customers coming in to buy goods from washers to dog bowls , super glue to carpet cleaner. Paul knows most of them by name and all seem upset that the shop will be gone in just ten weeks' time. They say it's the latest nail in the coffin for their High Street and they don't know what they'll do when Paul locks up for the final time. He says: 'I will close the doors with a heavy heart. 'It's not for lack of trying either but there's simply nothing I can do. I'm breaking even and have been for a while, so I've been left with no choice.' 5 Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges' Credit: Jon Rowley 5 Paul knows most of the customers by name, and all seem upset that the shop will be gone in just ten weeks' time Credit: Jon Rowley
