China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world's second-largest economy. The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years.

China surprises with cuts to key rates to support weak economy

While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. "The impact of Friday's CrowdStrike incident on China was very small, with almost no impact on domestic public life," Gao Feng, senior research director at Gartner, said in Chinese, translated by CNBC. "Only some foreign companies in China were affected."

Here's why China was largely unaffected by Friday's IT outage

Wouter Veugelen, senior managing director and head of Australia cybersecurity at FTI Consulting, discusses the global outage that CrowdStrike caused.

Cybersecurity analyst explains what's behind the CrowdStrike global outage

Ayana Dunlap changed careers and increased her earning potential over the course of a summer — and she did it without a bachelor's degree, or spending a dime. In June 2020, after hotels and restaurants shut down at the onset of the Covid-19 pandemic, Dunlap was laid off from her job as a senior sales manager at the Hilton Garden Inn Tysons Corner in Virginia.

30-year-old was laid off from her hotel job, now earns $125,000 without a bachelor's degree thanks to this one skill

Autonomous AI agents that can communicate with other AI agents will arrive by 2025, Pascal Brier, Capgemini's chief innovation officer, told CNBC. This "multi-agent AI" would entail a collection of agents that work together to solve tasks in a distributed and collaborative way, according to Capgemini. For example, an AI...

Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts

The summer is a good time to take stock of how your kids are faring. Are they doing something that excites them? Do they wake up every morning eager to get going? Are they happy?. I did not ask about their grades, because if you answered "yes" to those questions,...

I talked to 70 parents who raised highly successful adults: 4 things they always did when their kids were young

Coral Gables, FL

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Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

New Jersey State

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Connecticut State

The Shy Green

Big news hitting the grocery scene: Stop & Shop is set to close 32 of its stores in five states. This move is a major shake-up for local communities across the Northeast. Here’s where the closures are happening:

A big-name grocery store is shutting down over 30 locations in five states

Bonsall, CA

The leader of a nationwide retail crime operation faces five years and four months in state prison and must pay millions in restitution. A CNBC investigation in March detailed Michelle Mack's operation and showed how law enforcement traces stolen items from organized retail rings. Mack oversaw a multimillion-dollar operation in...

Retail crime 'queenpin' faces five years in prison, millions in restitution

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Late Morning

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Nahjae Olin was born and raised in the Bronx, New York City. She and five of her siblings grew up in a one-bedroom apartment just one block away from the place she now calls home. In 2019, the 26-year-old preschool teacher had just moved back in with her family after...

26-year-old won the NYC housing lottery, pays $881/month for a 1-bedroom apartment: How the process works

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Hamilton Township, NJ

NewsByJoshua

Rainbow Shops, a popular clothier known for its youth clothing, is preparing to shut down its location at the Hamilton Mall in Hamilton Township, New Jersey. The store is currently offering a hefty 40% discount on all items as part of its liquidation sale.

Popular Clothing Store Offers Offers Deep Discounts, Closing 950 Locations in Struggling Mall

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Denver, CO

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Jersey City, NJ

NEWARK, N.J. – Attorney General Matthew J. Platkin and the New Jersey Division on Civil Rights (DCR) have issued Findings of Probable Cause against six property management companies and owners in various counties for failing to comply with requests for emotional support animals. These actions stem from alleged violations of the New Jersey Law Against Discrimination (LAD).

Housing Discrimination Against Emotional Support Animals Targeted

Growing up in Nara, Japan, I was surrounded by natural beauty, historic sites, long-held traditions and authentic, delicious food. When I moved to the U.S. as an adult, I struggled a lot with the culture of fast and processed food. I was a busy, working parent and constantly felt ill or out of sorts because of my diet. So when I became a nutritionist, I decided to focus my work on sharing Japanese eating habits.

I’m from Japan, home to some of the world’s longest living people: 8 foods I eat every day

NewsBreak

U.S. adds six companies to trade restriction list, four for training China's military

The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according...

U.S. adds six companies to trade restriction list, four for training China's military

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