Columbus, OH

Markets Insider

The US needs to readjust its approach to China or risk deep and unnecessary fallout between the world's two biggest economies, Yale economist Stephen Roach said. The former Morgan Stanley China chairman blasted each country's mounting antagonism on Bloomberg's Odd Lots podcast, sharing dim views on rising trade barriers. While...

Slamming China with tariffs is a mistake, and the US can do one big thing to support key industries, Yale economist says

Reuters

TOKYO (Reuters) - The International Monetary Fund (IMF) on Tuesday cut Japan's economic growth forecast for this year due, citing temporary auto output disruptions and weak private investment in the first quarter.

IMF cuts Japan's growth forecast, upbeat on consumption prospects

WASHINGTON (Reuters) - Cooling inflation data is allowing the Federal Reserve to begin a "very reasonable" shift toward easing rates, but a still-strong U.S. labor market means that there's no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters.

No rush for US Fed to cut rates, IMF's chief economist says

The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world.

New inflation warning: Get used to high interest rates, IMF says

(Reuters) - A look at the day ahead in Asian markets. Asia's economic calendar is remarkably light on Tuesday, allowing markets to take their cue from broader drivers such as China's deepening economic malaise, the shifting outlook for U.S. monetary policy, and the Q2 earnings season on Wall Street.

Morning Bid: China misery deepens, US curve steepens

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Thomas Smith

Spotting a few bugs in the house is typically a nuisance, but there's one in particular that should ring alarm bells for homeowners. If you come across the bug in the photo above, it's time to call in a professional.

Study This Photo--If You Find This Bug In Your House, You Need To Call in a Pro

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

California State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

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

Business Insider

The US became Germany's top trading partner, ending an eight-year streak by China. The shift reflects competition over electric vehicles.

Trade between the US and Germany is growing. Concerns over China might be driving the shift.

The Independent

UK earnings growth has fallen back further amid mounting signs of a weakening jobs market, but wages are outstripping inflation at the fastest pace for more than two-and-a-half years, according to official figures.The Office for National Statistics (ONS) said average regular earnings growth dropped to 5.7% in the three months to May – down from 6% in the previous three months and the lowest level since the quarter to September 2022.With Consumer Prices Index (CPI) inflation taken into account, regular earnings rose by 3.2%, which is the highest since the three months to August 2021.The ONS estimated that the rate...

Wage growth falls back further but continues to outstrip inflation

Taiwan Semiconductor Manufacturing Co. expects chip sales this year to be even higher than previously forecast, after posting a better-than-expected quarterly profit Thursday. The raised outlook from the​​ world’s largest chipmaker suggests sustained confidence in the global AI boom, even as TSMC’s stock took a hit after Donald Trump said Taiwan should pay the US for its defense.

Geopolitics weigh on TSMC

Business Times

Geopolitical tensions took center stage on Wall Street Wednesday after U.S. presidential candidate Donald Trump expressed reservations about defending Taiwan, sending ripples through the financial markets. The chipmaking sector bore the brunt of the fallout, with shares of major players tumbling and investors seeking refuge in safer assets like gold.

Trump's Taiwan Remarks Shake Wall Street; Chip Stocks Plunge Amid Geopolitical Concerns

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

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

Rwanda’s President Paul Kagame looks set to be re-elected for a fourth term after full provisional results released Thursday showed he received 99.18% of the vote. The outcome of Monday’s presidential election was never in doubt, with only two other candidates — Democratic Green Party leader Frank Habineza and independent candidate Philippe Mpayimana — allowed to stand.

Rwanda’s President Kagame re-elected with 99.18% of vote, full provisional results show

Pennsylvania State

Bucks County Beacon

“Who sits there and thinks, with all the needs we have in America, of criminalizing the homeless?” wonders Pastor Robert Brown of Bristol’s Bible Evangelical Methodist Church after learning that the United States Supreme Court approved punishing those experiencing homelessness who have nowhere to sleep.

After SCOTUS OK’s Criminalization of Homelessness, Pennsylvania Democrats Plan Legislative Response to Protect Rights of the Unhoused

Chicago, IL

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.

writer

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?

US President Joe Biden said he would consider dropping his reelection campaign if a doctor told him he had a medical condition that might interfere with his ability to run and govern. In an interview with BET News released Wednesday, Biden said he would reevaluate staying in the race if...

Biden says he’d consider dropping out if medical condition surfaced

Virginia State

Cheryl E Preston

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

A scientist proposed a simple solution to the Fermi paradox, which asks why humans have never encountered aliens. The physicist Enrico Fermi in 1950 pointed out that given the age of the galaxy, even slow-moving spacecraft could easily have spread across the stars, so the cosmos’ apparent emptiness was surprising.

A simple Fermi paradox solution proposed

NewsBreak

IMF keeps global economic growth forecast steady, but not for US, China

The world economy is on track for modest growth in the next two years, but momentum in the fight against inflation is slowing, the IMF said...

IMF keeps global economic growth forecast steady, but not for US, China

Comments / 0