www.abccolumbia.com – Associated Press – 2025-08-15 10:01:00

SUMMARY: In July, U.S. retail sales rose 0.5%, driven by strong auto dealership purchases despite President Trump’s tariffs causing some price increases and job slowdowns. Auto sales increased 1.6%, normalizing after earlier volatility. Clothing, online, and furniture sales also grew, while electronics and restaurant spending declined. Inflation remained steady at 2.7% annually, with core prices rising 3.1%, above the Federal Reserve’s 2% target. Wholesale inflation surged 0.9% in July, signaling rising consumer costs ahead. Retailers like Walmart and Procter & Gamble have raised prices due to tariffs, while some, like Warby Parker, selectively increased prices on premium products to offset higher costs.

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www.abccolumbia.com – Associated Press – 2025-08-14 09:44:00

SUMMARY: Wall Street stocks fell Thursday after a disappointing U.S. wholesale inflation report showed a 3.3% year-over-year rise, exceeding the expected 2.5%. This raised doubts about a Federal Reserve interest rate cut in September, with traders lowering their odds of a cut from 100% to 7.5%. The S&P 500 slipped 0.1%, led by declines in smaller companies, while Big Tech gains, including Amazon’s 2.3% rise, limited losses. Treasury yields rose, reflecting inflation concerns. Despite stronger profits, companies like Tapestry and Deere cut future profit forecasts. Meanwhile, fewer unemployment claims signaled a solid job market, complicating Fed rate decisions.

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www.youtube.com – WPDE ABC15 – 2025-08-14 06:40:55

SUMMARY: A human trafficking task force in Horry County faces accusations of failing to stop child trafficking and unlawful conduct toward a child. The case emerged after the death of an 11-year-old, leading to arrests in Myrtle Beach. Two women, McGaskey and Margaret Roberson, were charged with trafficking minors and conspiracy, forcing children into labor cleaning medical facilities. Authorities highlight that signs of trafficking can resemble neglect, such as children missing school or working late. Captain Sherri Smith notes improvements in identifying and investigating trafficking beyond typical abuse cases. A sixth arrest is anticipated as the investigation continues.

Last month, two of the women, McGaskey and Margaret Louise Roberson, were charged with trafficking minors and criminal …

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