Business Insider

Beijing framed China's second-half growth positively but acknowledged "insufficient" domestic demand.

Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy

Markets Insider

Russia's economy risks a deep recession within the next year, according to a UC Berkeley economist. The nation is seeing its energy revenues wane while losing access to the US dollar. That could hit Russia's finances and further isolate Moscow from the global economy. Vladimir Putin's claims that Russia's economy...

Russia's weakened energy trade and lost access to the dollar will spark a severe recession within a year, a top economist says

Business Times

China's GDP grew by 4.7% year-on-year in the April-June period, falling short of analysts' forecast of 5.1% and marking the slowest growth since the first quarter of 2023.

China's Q2 GDP Misses Forecasts, Economic Stimulus Expected to Intensify

A property crisis, local government debt, weak demand and unemployment are hurting China's economy.

Xi tackles slow growth as economy 'hits the brakes'

Louise Loo, lead economist for China at Oxford Economics, says "we are expecting … consumer sentiment to stay quite weak, and what that means is that there is no sign of a visible turnaround for the second half of this year."

China likely to 'undershoot' its GDP growth target for 2024 at current pace: Economist

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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

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Phil Norman

The buzz around economic indicators like inflation often boils down to one crucial number: the Consumer Price Index (CPI). Recently, the CPI showed a slight uptick in May, with prices nudging up by 0.3% from April. On an annual basis, inflation clocked in at 3.3%, a hair below expectations, hinting that price hikes might be easing off.

Ex-Home Depot CEO issues dire economy warning

North Miami Beach, FL

The biggest danger facing the American economy for years has been inflation.

The US economy faces a new threat

Americans seeking relief from high borrowing rates might not have to wait much longer.

A big change could come to the US economy in September

Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. The think tank expert says this would lead to a manufacturing-centered recession. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. Donald Trump's vow to initiate...

Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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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

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Daily Mail

Famed economist David Rosenberg made the dire prognosis following the release of June's nonfarm payrolls report Friday.

Economist who predicted the 2008 recession reveals the five tell-tale signs US economy is on the brink of a downturn

CBS News

Consumer prices are continuing to moderate, with June data showing U.S. inflation is once again cooling after unexpectedly high readings earlier this year. The new report could help bolster the case for an interest rate cut from the Federal Reserve in September.Consumer prices declined 0.1% in June from May, with inflation curtailed by lower gas prices and a smaller increase in costs at the grocery store. On an annual basis, inflation registered at 3.0%, down from 3.3% in May, indicating that inflation is cooling faster than expected, as economists polled by FactSet had forecasted an increase of 3.1%.The reading is...

In a boost for consumers, U.S. inflation is cooling fast

California State

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

Argentina’s inflation rate was forecast to have increased by 5% in June, breaking a five-month streak of cooling price rises and threatening much-needed economic growth for the country. President Javier Milei’s libertarian plan to salvage the country’s broken economy, which includes the devaluation of the local currency by more...

Argentina’s expected inflation rate rise threatens economic growth

Denver, CO

David Heitz

Denver Mayor Mike Johnston has become nationally known for moving more than 1,600 homeless people indoors since he has become mayor. Now he wants to place 200 people struggling with mental illness and/or addiction into treatment, according to an upcoming City Council committee agenda.

Denver mayor to send 200 people experiencing homeless to treatment

New Jersey State

Morristown Minute

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

Chinese authorities on Monday said the country's economy had expanded by just 4.7 percent in the second quarter, some of its slowest progress in years and a sign that official efforts to revive growth were not working. The grim data came the same day as top Communist Party officials sat down for a closed-door conclave which analysts are eyeing closely for any hint of help for the ailing economy.

China economy slumps as top party officials meet

Reuters

(Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. The shock shooting on Saturday of former President Donald Trump, who is seeking a return to the White House, is reverberating around world markets, with bets that the incident boosts his re-election chances steepening the Treasury yield curve and lifting stock futures first thing.

Morning Bid: Trump hit steepens curve; China's economy judders

NewsBreak

China's economy falters as property, consumer pain worsens

BEIJING (Reuters) - China's economy grew much slower than expected in the second quarter, as a protracted property downturn and job insecurity squeezed domestic demand, keeping...

China's economy falters as property, consumer pain worsens

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