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China consumer price growth weakens in June while producer inflation rises on export orders
TodayLucid summary: China's consumer price growth slowed in June, while producer inflation increased, driven by export orders. This reflects a two-speed economy with strong exports and weak domestic demand.
Jim Cramer sees a big risk to the bull market resurfacing — and it's not the Iran war
TodayLucid summary: Jim Cramer identifies a significant threat to the bull market: the increasing volume of stock and debt offerings, which he believes poses a greater risk than geopolitical events like the Iran war.
Iran war will leave an inflation scar on the U.S. through 2027, IMF says
TodayLucid summary: The IMF predicts that a conflict with Iran will cause persistent high inflation in the U.S. and globally, extending its economic impact through 2027, despite initial expectations of less severe consequences.
Hundreds of jobs at risk as John Lewis plans to cut some services
TodayLucid summary: John Lewis is considering cutting services, which could put hundreds of jobs at risk. A final decision is pending, with potential redundancies planned for the autumn.