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

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 alive expectations Beijing will need to unleash even more stimulus. The world's second-largest economy grew 4.7% in April-June, official data showed, its slowest since...

China's economy falters as property, consumer pain worsens

Reuters

LONDON (Reuters) - China's copper scrap imports have soared due to shortages of concentrate that is processed into refined metal used in the power and construction industries, but record high prices mean U.S. shipments are likely to pause.

Record copper prices likely to pause U.S. scrap shipments to China

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

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

North Miami Beach, FL

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

The US economy faces a new threat

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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

New York City, NY

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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

Pennsylvania State

The FBI has named the man who shot at Donald Trump during a campaign rally as Thomas Matthew Crooks. Crooks is alleged to have opened fire while the former US president was addressing a crowd in Butler, Pennsylvania, leaving one audience member dead and two others badly hurt. The 20-year-old...

Thomas Matthew Crooks: What we know about the Trump attacker

Video footage shows a gunman who opened fire at a rally for Donald Trump in Pennsylvania on a roof. The FBI says it is treating the incident as an assassination attempt. One bystander was killed in the shooting and two others were critically injured, police said.

Video shows Trump rally shooter on roof

A man with a rifle was seen on a rooftop minutes before shots were fired at a Donald Trump rally in Pennsylvania, a witness has told the BBC. Greg Smith said the man had crawled on top of a building just outside the event in Butler County on Friday evening.

Witness says he saw gunman on roof near Trump rally

Sniffer dogs in Ecuador have found 6.23 tonnes of cocaine hidden in a banana shipment, police say. The dogs alerted their handlers, who seized 5,630 parcels filled with a white substance that later tested positive for cocaine. The shipment was destined for Germany, officials said, and would have been worth...

Six tonnes of cocaine found in banana shipment

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

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?

NewsByJoshua

So, Ford's CEO Jim Farley dropped some pretty big news recently, and it might just shake up how we think about electric vehicles (EVs). Speaking at the Aspen Ideas Festival, Farley laid out what he sees as a necessary shift in the automotive industry—especially for those of us accustomed to big, powerful vehicles.

Ford CEO Jim Farley Warns of ‘Radical Change’ and Says EV Batteries Will ‘Never Be Affordable’

(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

A small town mayor in the Philippines who has been accused of being a Chinese spy has gone into hiding, officials said. Police could not carry out a warrant for the arrest of Alice Guo over the weekend as she was not at any of her known addresses. Scam centres...

Police hunt mayor accused of being Chinese spy

The Mirror US

Dr. Ben Ewald, who has been practicing medicine for 30 years, says that having a gas stove in your home is one of the most dangerous things you can have in your kitchen.

Doctor reveals household item that's 'as bad for your health as living with a smoker'

The Shy Green

Unexpected Bankruptcy Looms for LL Flooring Amid Economic Challenges. In a surprising turn of events, LL Flooring, a major player in the U.S. hardwood flooring market, is reportedly teetering on the edge of filing for Chapter 11 bankruptcy. This news has sent shockwaves through the retail industry, given the company's prominent position and widespread presence across 47 states.

A store that sells tools and home supplies is suddenly going bankrupt

LONDON (Reuters) -Expectations U.S. interest rates will fall, preventing a hard landing for the economy, has kept investors bullish, although geopolitics pose the biggest risk to that scenario, the Bank of America's global fund manager survey showed on Tuesday.

Investors are optimistic but wary of geopolitics, BofA says

NewsBreak

Xi tackles slow growth as economy 'hits the brakes'

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

Xi tackles slow growth as economy 'hits the brakes'

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