The dollar index (DXY00) today is down by -0.25%. The dollar today is moderately lower due to the strength of the euro. Losses in the dollar accelerated after the US Jun ISM manufacturing index and May construction spending unexpectedly declined. Dollar losses are limited due to higher bond yields and weakness in the yen, which tumbled to a new 37-year low against the dollar today.

Weak US Economic News and Euro Strength Weighs on the Dollar

Consumer spending has started to slow in recent months, and economists expect it to continue moderating through the remainder of the year. While inflation is falling, so is disposable income, which is pushing “real spending” lower. Lower-income consumers are most affected, while higher-income spenders are expected to keep the economy moving forward.

Will The Pace of Consumer Spending Slow in the Second Half of 2024?

The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan revised its first-quarter GDP report to -2.9%, y/y, sharply lower than the initial reading of -1.8%. On a quarterly basis, GDP was revised lower to -4.0%, compared to -3.7% in the fourth quarter. The downward revision was due to corrections in construction orders. The rare unscheduled revision will dampen hopes for a rate hike at the BoJ’s July meeting and points to a bumpy economic recovery.

USD/JPY rises up after GDP downgrade

Fox Business

The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.

Inflation measure closely watched by the Fed rises 2.6% in May

Traders in Asia assessed South Korea's inflation rate which came in at 2.4% for June, missing expectations of economists polled by Reuters who had predicted it at 2.7%. The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows. Traders in Asia assessed South Korea's...

Asia-Pacific markets mostly fall as yen hovers at 38-year lows; South Korea inflation in focus

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Missouri State

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week's revised level of...

U.S. Jobless Claims Dip More Than Expected To 233,000

Newark, NJ

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Iowa State

Reuters

CHICAGO (Reuters) - South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month.

US farmers shun buyers, cling to unsold corn as prices slump

LONDON — European stocks are expected to open in mixed territory Tuesday, with market participants looking ahead to the release of the euro zone's latest inflation data. The euro zone's consumer price index for June will be closely watched for how it could affect the European Central Bank's next decision on interest rates. Other data includes euro zone unemployment figures for May and Sainsbury's will release earnings.

European markets head for choppy open ahead of euro zone inflation data

TOKYO (Reuters) -Japan's economy shrank more than initially reported in the first quarter, the government said in a rare unscheduled revision to gross domestic product (GDP) data on Monday, darkening prospects for a fragile recovery.

Japan downgrades Q1 GDP on construction data corrections

Georgia State

Buford, GA

DeanLand

There's been a whole lotta shakin' goin' on in Northwest Georgia over the past 30 days. And, yes, some of it likely has been in the barn. A total of six earthquakes have been recorded in the northernwestern portion of the state over the past 30 days, according to data from the US Geological Survey (USGS).

6 Earthquakes Shake NW Georgia in 30 Days

LONDON (Reuters) - British manufacturing activity growth slowed last month from May's 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers, a survey showed on Monday.

UK manufacturing growth slows as shipping delays hit exports, PMI shows

NEW YORK (Reuters) - The dollar slipped against the euro on Monday, as the common currency recovered from the more than one-month lows hit last week amid political turmoil in Europe.

Dollar slips against euro as European political jitters subside

The HD Post

CALIFORNIA – Governor Gavin Newsom announced, June 28, that 1,700 first-generation homebuyers have been conditionally approved for the Dream For All (DFA) Shared Appreciation Loan program.

CalHFA issues all 1,700 vouchers for down payment assistance program

LONDON (Reuters) - Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi Sunak is unlikely to see much benefit in this week's national election.

UK shop price inflation weakest since October 2021, retailers say

New Jersey State

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

NewsBreak

US manufacturing extends slump; inflation pressures ebbing

WASHINGTON (Reuters) - U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid...

US manufacturing extends slump; inflation pressures ebbing

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