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  • US consumer spending's rise may be short-lived

    This story was delivered to Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn more about subscribing here. Personal consumption expenditures (PCE) — the value of goods and services purchased by or for people — in the US grew 8.2% in May compared with April, marking the metric's first...

    Business Insider
  • China warns risk of naval incident with US on the rise

    China warns risk of naval incident with US on the rise

    France 24
  • US Navy says it's 'not intimidated' by China's missiles as Beijing bristles over US aircraft carriers in South China Sea

    The US Navy has two carrier strike groups operating in the South China Sea, and China is not pleased. The Chinese Foreign Ministry accused the US of destabilizing the contested waterway, and Chinese media boasted about China's ability to target US aircraft carriers with anti-ship weapons. In a tweet Sunday, the US Navy said that it is "not intimidated," and a meme posted by the Navy on Instagram stressed that it has no plans to leave the South China Sea. Visit Business Insider's homepage for...

    Business Insider