Gen Z Faces Debt Crisis

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BUSINESS & ECONOMY

🔻 U.S. Consumer Confidence Drops in June Over Near-Term Worries

U.S. consumer confidence falls to 100.4 from 101.3 in May, according to the Conference Board. Short-term expectations dropped to 73, hinting at a potential recession, while current conditions rose to 141.5. Despite strong job gains in May, labor market concerns persist. Dana Peterson, chief economist at the Conference Board stated, “Confidence pulled back in June but remained within the same narrow range.”

💸 Gen Z Faces Debt Crisis

Nearly all Gen Zers in the top 100 U.S. metro areas have debt, with a median non-mortgage debt of $16,560, according to LendingTree. About 80.8% hold credit card debt, averaging $2,076. Auto loans burden 47%, with a median of $17,402. Student loans affect 37%, with a median of $12,172 while, Personal loans are held by 17%, averaging $1,743. 

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WORLD

🌍 ICC Issues War Crimes Warrants for Russia’s Shoigu and Gerasimov

The ICC issued arrest warrants for Russia’s former Defense Minister Sergei Shoigu and Chief of the General Staff Valery Gerasimov for war crimes and crimes against humanity, related to attacks on civilian objects in Ukraine. Ukrainian President Zelensky stated, "This decision shows no military rank or cabinet door can shield Russian criminals from accountability."

🇭🇹 Haitians Skeptical as Kenyan Police Start US-backed Mission

Hundreds of Kenyan police officers arrived in Port-au-Prince, Haiti, as part of a US-backed mission aimed at quelling gang violence that has destabilized the country to restore security following the assassination of President Jovenel Moïse in 2021 and recent gang uprisings. US President Joe Biden stated, "The people of Haiti deserve to feel safe in their homes.” 

🌿 Brazil's Supreme Court Decriminalizes Marijuana Possession

Brazil’s Supreme Court has voted to decriminalize marijuana possession for personal use, aiming to reduce its large prison population. Since 2015, most of the 11 justices supported this move. However, selling drugs remains illegal. The court will soon set limits on the amount considered for personal use. 

SCIENCE & TECH

🖥️ OpenAI's ChatGPT Mac App Now Available to All

OpenAI has released its ChatGPT app for macOS, now available to everyone. Previously exclusive to Plus subscribers, this native Mac app integrates seamlessly with your workflow, offering a convenient keyboard shortcut (CMD + Space). Users can interact with ChatGPT, attach files, and use Voice Mode, with an upgraded version coming soon.

🚀 Rivian Stock Soars on $1B Volkswagen Investment

Shares of Rivian Automotive Inc. soared 35% in premarket trading after Volkswagen announced a $1 billion investment, with plans for an additional $4 billion pending a joint venture focusing on next-generation EV technology. Rivian CEO RJ Scaringes stated, "It's exciting that one of the world's largest and most respected automotive companies has recognized this."

SPORTS & ENTERTAINMENT

😢 Crazy Town's Lead Singer Seth Binzer, 'Shifty Shellshock,' Dies at 49

Shifty Shellshock, born Seth Binzer, the lead singer of Crazy Town, passes away at 49 on Monday at his Los Angeles home. Known for the hit song “Butterfly,” he struggled with substance abuse and appeared on VH1’s “Celebrity Rehab.” The cause of death is under investigation. 

🏀 Knicks Land Mikal Bridges in Stunning NBA Trade

The New York Knicks have acquired Mikal Bridges from the Brooklyn Nets in a surprising trade, marking a major move for the team. The Knicks traded four unprotected first-round picks and additional assets to secure Bridges. This trade bolsters the Knicks' roster, reuniting Bridges with his former Villanova teammates. Bridges expressed excitement, tweeting, “this is crazy lol.”

OTHER NEWS

🔫 5 Dead, 13-Year-Old Critically Injured in Las Vegas Shooting

Five individuals were killed, and a 13-year-old girl was critically injured in a shooting near Las Vegas. The tragedy unfolded across multiple apartment units, with the suspect, 47-year-old Eric Adams, later taking his own life when police confronted him on Tuesday morning. Authorities are working to determine the motive behind what they describe as an "isolated incident." 

⚖️ Ex-Professor Karen Read on Trial for Boyfriend Boston Officer's 2022 Death

Karen Read, a former adjunct professor, is on trial for the manslaughter of her boyfriend, Boston police officer John O'Keefe, found dead outside a Canton home in January 2022. Prosecutors allege Read hit O'Keefe with her car while her defence claims a conspiracy framed her. The trial, starting in April 2024, has drawn intense public and online interest.

🗳️ Squad Member Loses First Primary Battle 

Two-term Democratic Rep. Jamaal Bowman of New York became the first Squad member to be defeated in a primary, losing to Westchester County Executive George Latimer in the 2024 election cycle. The contentious and expensive primary, influenced by deep divisions over the Israel-Hamas conflict, saw Bowman ousted. Latimer emphasized unity, stating, "We must come together, united to defend our Democratic values from MAGA extremism."

THIS DAY THAT YEAR

On June 26th, 2015, in the landmark case Obergefell v. Hodges, the U.S. Supreme Court declared state bans on same-sex marriage unconstitutional. Writing for the majority, Justice Anthony Kennedy affirmed, “No longer may this liberty be denied.”

BRAIN TEASER

I’m (usually) white and used for cutting and grinding. When I’m damaged, humans usually remove me or fill me. For most animals I am a useful tool. What am I?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what yesterday’s teaser was:

I’m soft and hairy from door to door. I’m the pet that always stays on the floor. What am

The answer is: A carpet

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