News from the South - South Carolina News Feed
Wall Street flirts with its records on hopes for coming cuts to interest rates
SUMMARY: On July 29, 2025, the U.S. stock market neared record highs as July inflation data showed a 2.7% year-over-year increase, slightly below expectations. The S&P 500 rose 0.6%, the Dow gained 1%, and the Nasdaq was up 0.5%. This fueled optimism for a Federal Reserve interest rate cut in September to support economic growth, despite inflation risks from tariffs. The Fed remains cautious, balancing inflation control with job market health. Internationally, Australia cut rates again, and Asian markets reacted to tariff delays with mixed moves. Key stocks showed volatility amid mixed earnings and economic forecasts.
The post Wall Street flirts with its records on hopes for coming cuts to interest rates appeared first on www.abccolumbia.com
News from the South - South Carolina News Feed
Trump is promising new steps to tackle homelessness and crime in Washington
SUMMARY: President Donald Trump announced plans to address homelessness and crime in Washington, D.C., proposing to deploy about 500 federal law enforcement officers—including FBI, ATF, DEA, ICE, and Marshals—to patrol the city. He vowed to “liberate” the capital and remove homeless people “immediately,” relocating them away from the city, while promising to incarcerate criminals. Washington Mayor Muriel Bowser expressed skepticism about using the National Guard and urged federal support through prosecutors and judges instead. Despite Trump’s claims of a crime surge, D.C. officials report a 26% decrease in violent crime this year. Any federal takeover would require repealing the Home Rule Act, likely facing strong opposition.
The post Trump is promising new steps to tackle homelessness and crime in Washington appeared first on www.abccolumbia.com
News from the South - South Carolina News Feed
Watching the tropics
SUMMARY: Happy Sunday starts mild and gloomy in the Upstate, with temperatures in the low 70s, cooler in the mountains. Afternoon highs reach the low 80s, below average, with a 20% chance of rain and some sunshine. Showers increase Monday and Tuesday, with scattered storms likely, especially during the morning commute. Tropical activity is increasing, with a tropical wave off Africa having an 80% chance of developing into Invest 97L, potentially becoming Hurricane Erin, the season’s first hurricane. Track uncertainty remains, ranging from Bermuda to Florida. Locally, expect scattered showers and storms through the week, with temperatures returning near average by next weekend.
Watching the tropics
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News from the South - South Carolina News Feed
Gunman allegedly targets CDC over vaccine skepticism
SUMMARY: A deadly shooting occurred outside the CDC headquarters in Atlanta, with authorities suspecting the gunman targeted the agency due to vaccine skepticism. Officer David Rose was killed, and the shooter, Patrick Joseph White, was found dead nearby. The attack shattered windows at the CDC, causing fear among employees, some of whom expressed feeling vulnerable. The incident highlights growing vaccine misinformation and skepticism, which has increased since the pandemic. This comes amid recent federal funding cuts to mRNA vaccine research. The CDC held a Zoom call to address concerns, emphasizing the dangers of misinformation fueling such violent acts.
The Georgia Bureau of Investigation has named 30-year-old man, Patrick Joseph White of Kennesaw, Georgia as the shooter who …
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