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

Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China's central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts. The report is the latest warning to the country's bond market after the People's Bank of China...

Institutions snapping up Chinese treasury bonds are shorting the economy, state media says

Reuters

BENGALURU (Reuters) - Bank Indonesia (BI) will keep its key interest rate at 6.25% on Wednesday but will cut it by 25 basis points next quarter, earlier than previously expected following the likely start of policy easing by the U.S. Federal Reserve in September, a Reuters poll found.

Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut: Reuters poll

The Guardian

Retail sales growth is the weakest since the country emerged from Covid-19 lockdowns

China’s economic growth slows amid weak retail spending 

SHANGHAI (Reuters) -China's central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans. The steady medium-term lending facility (MLF) rate was in line with market expectations, as narrowing interest margins at lenders and a weak Chinese currency continue to limit Beijing's ability to use monetary easing to shore up the sputtering economy. Meanwhile, the central bank has been working to avoid money idling in the financial system.

China Central Bank Leaves Medium-Term Rate Unchanged as Expected

Pennsylvania State

Former President Donald Trump was hurried off the stage by Secret Service agents after apparent gunshots were heard during a rally in Pennsylvania.

Donald Trump 'Just Won The Election' Against President Joe Biden Amid 'Attempted Murder' Claims: 'This Election Is Now Over'

Chicago, IL

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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?

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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

Anika Jindal

Affluent people can splurge their money on the most luxurious possessions and lifestyles. However, most rich people are wise with money, refrain from making unnecessary purchases, and instead put their money to profitable use. Check out the list of 12 such things.

12 Things People Who Are Good With Money Will Never Spend On

California State

As dawn breaks at the base of Otay Mountain, the oppressive heat already engulfs the landscape. Even in the early morning, temperatures near this 3,500-foot peak soar into triple digits, a harbinger of the deadly conditions awaiting migrants attempting to cross the U.S.-Mexico border. This part of California is under an excessive heat warning, exacerbating the perils for those making the treacherous journey.

California Heat Exposes Migrants to Life-Threatening Conditions Amid Rising Temperatures

A suspected drug-smuggling tunnel discovered last week in Tijuana is so extensive that authorities need oxygen tanks to reach its end. This latest find adds to the series of sophisticated tunnels unearthed over the years, highlighting the ongoing battle against drug trafficking across the U.S.-Mexico border.

Massive Drug-Smuggling Tunnel Uncovered Connecting Tijuana to the U.S.

Stop & Shop, a major grocery chain owned by Dutch conglomerate Ahold Delhaize, announced on Friday its decision to close 32 underperforming stores across the northeastern United States. This strategic move aims to bolster the company's financial performance amidst growing competition and rising inflation.

Stop & Shop to Close 32 Stores Amid Rising Competition and Inflation Pressures

Wholesale prices in the United States rose more than anticipated in June, indicating that some inflationary pressures persist despite recent signs of easing. The Labor Department reported that the Producer Price Index (PPI) increased by 0.2% from May to June, surpassing economists' expectations of a 0.1% rise. On a year-over-year basis, wholesale prices were up 2.6%, marking the sharpest increase since March 2023.

US Wholesale Inflation Rises in June, Challenging Fed's Rate Cut Plans

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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

Las Vegas, NV

As a relentless heat wave continues to bake the western United States, life-threatening temperatures are poised to spread eastward, bringing scorching heat to the East Coast from Sunday through Wednesday. This development comes amid ongoing record-high temperatures in the West, where cities like Las Vegas and Sacramento have already faced extreme heat.

Unrelenting Heat Wave to Expand East, Threatening Public Health and Infrastructure

China reported a record $99 billion trade surplus for June, underscoring a significant disparity between booming exports and declining imports. This record surplus, far exceeding the $85 billion expected by financial markets, reflects a complex economic landscape as importers rush to beat impending tariffs on Chinese goods while domestic demand remains tepid.

China Posts Record Trade Surplus as Export Surge Outpaces Sluggish Imports

Tensions rise for Prince Harry and Meghan Markle amid project setbacks and criticism, leading to a reported growing rift.

Prince Harry, Meghan Markle Are 'Not Working Together' Amid 'Growing Rift' Due To Their Flopped Projects

Wells Fargo & Co. experienced a significant decline in its stock price on Friday after reporting second-quarter results that highlighted a sharp decrease in net interest income (NII) due to rising deposit costs. The San Francisco-based bank's shares dropped more than 5% in premarket trading, reflecting investor disappointment despite the company's overall profit beating Wall Street expectations.

Wells Fargo Shares Drop as Higher Deposit Costs Cut Into Net Interest Income

(Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a possible intervention in the currency.

Dollar drops, yen surges as consumer prices fall in June

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

NewsBreak

China's Central Bank Holds Rates Steady Amid Yuan Pressure and Economic Slowdown

China's central bank, the People's Bank of China (PBOC), maintained its...

China's Central Bank Holds Rates Steady Amid Yuan Pressure and Economic Slowdown

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