From today, every day gets shorter until the sweet release of death winter solstice in six months.

Unless you’re in the Southern Hemisphere. Then it’s the other thing.

• This week marks the final trading week of June, Q2, and H1 2024, ending with the Personal Consumption Expenditures price index.

  • The Fed's preferred inflation measure is expected to show core prices rose 0.1% last month, the slowest rise since November.

• The S&P 500 has gone 377 days without a 2% sell-off, the longest stretch since the financial crisis.

• US home sales fell for a third straight month in May as record-high prices and rising mortgage rates sidelined buyers.

• UPS announced the $1 billion sale of its Coyote Logistics business unit to RXO.

📈 Trends you need to know

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Ideas, trends, and analysis

• 12.1 million renters spend over half their income on housing and utilities.

• Climate change is driving up prices for items like olive oil and cocoa.

• 1 in 7 Gen Zers are maxed out on credit cards.

• The World Economic Forum's Global Gender Gap Report 2024 shows it will take 134 years to reach gender parity.

• US household wealth soared by $5 trillion in Q1 to a record $161 trillion, driven by rising stock prices.

• Home prices have surged 47% since 2020, far outpacing wage growth.

🌍 Global Perspectives

• 🇸🇦 Nearly 500 pilgrims have died so far during this year's Hajj from sweltering heat.

• 🇺🇸 🇷🇺 The US imposed sanctions on 12 senior executives at Russia's AO Kaspersky Lab, citing cybersecurity risks.

• 🇧🇩 Extensive flooding has stranded about 1.8 million people in northeast Bangladesh.

• 🇮🇳 India's growing $100 billion illegal betting market poses a severe threat to national security and economic integrity.

• 🇺🇸 🇨🇳 The US and China held their first informal nuclear talks in five years.

• 🇮🇱 🇵🇸 An Israeli airstrike killed eight Palestinians at a Gaza aid center, as Israeli tanks pushed further into Rafah.

📊 Crypto

• BtcTurk suffered a cyber attack leading to unauthorized access to some of its hot wallets.

• The SEC dropped its investigation into whether Ether is a security after Consensys sent a letter asking them to end it.

• CoinStats suspended its app after a security breach compromised 1,590 wallets via a scam notification.

• Ripple faces a new trial over alleged misleading 2017 statements by CEO Brad Garlinghouse about being "long XRP".

  • The SEC rejected Ripple's request for a lower penalty, seeking $876.3 million instead.

• The Winklevoss twins were refunded for exceeding the $844,600 individual donation limit to Former President Trump's campaign.

🧠 Errata

• Two Florida seniors were swindled out of $400,000 in gold bars by a phone scammer.

• Someone spray painted "F*ck Elon" on dozens of Cybertrucks in a Florida parking lot. The list of suspects may be long.

• A North Carolina man found space debris from a SpaceX Dragon spacecraft in his backyard after it crashed through his roof.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt