Last year, the number of U.S. lawsuits creditors filed against individuals reached its highest since before the COVID War in 2020, according to a study of eight states’ court records by the Pew Charitable Trusts.
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CONSUMER SPENDING SLOWED IN JUNE AS IMPORT PRICES ROSE
In statistical terms, the rate of increase in U.S. consumer spending slowed in June compared to May.
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U.S. INFLATION RATE SLOWS SHARPLY IN JUNE
Inflation in the U.S. fell to 3.5 percent in June, year over year, dramatically slower than May’s 4.2 percent as the Iran ceasefire slashed oil prices and gasoline prices fell by about 10 percent, the biggest drop since 2022.
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TRUMP TRIES TO CASH IN ON EARLY ACCESS TO TRUTH SOCIAL POSTS
Now everyone may be able to get early access to President Donald Trump’s market-swinging posts on Truth Social – as long as you have $100,000.
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UKRAINE LAUNCHES HUNDREDS OF DRONES AT MOSCOW AS ZELENSKY FACES WIDESPREAD PROTESTS OVER DIRECTION OF WAR
Ukraine launched more than 400 drones at Moscow late Sunday and into Monday, causing damage to an industrial park about 18 miles south of the capital and a fire at an oil depot 12 miles outside of the city as Kyiv continues to try and smash Russia’s energy economy.
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SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s richest private equity firm, became even richer in the second quarter when it posted $192 billion in net second-quarter income, 31 percent ahead of the second quarter in 2025.
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CHINA CLAMPS DOWN ON RARE EARTH EXPORTS
China, which dominates mining and production of the rare earth elements essential in high-tech manufacturing, tightened their exports to Japan in recent weeks after prime minister Sanae Takaichi commented on Japan’s response to an attack on Taiwan.
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CHINA’S CAR EXPORTS TOP ONE MILLION FOR THE FIRST TIME
In June, China’s carmakers exported 1.06 million passenger vehicles, a 71.2-percent increase from a year earlier, the National Bureau of Statistics (NBS) reported.
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CHINA’S SECOND-QUARTER GROWTH SLOWEST IN MORE THAN THREE YEARS
China’s economy expanded by 4.3 percent in this year’s second quarter, the slowest since early 2023, well under the first quarter’s 5-percent bump and below the bottom of Beijing’s 2026 forecast of “4.5 to 5 percent.”
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BRAZIL’S DIGITAL PAYMENT SYSTEM PROMPTS 25-PERCENT U.S. TARIFF
A key reason for Donald Trump’s new 25-percent tariff on Brazil’s exports to the U.S. is Pix, the country’s wildly popular digital payments system.