Anna's Daybreak News

Good morning news friends! Embark on a journey through the ever-turning pages of news, where we curate, dissect, and bring to life the stories that shape our world.🗞️🌄

• A magnitude 5.1 earthquake rocked Southern California on Sunday, as residents hunkered down for the approach of Tropical Storm Hilary.


• There were no immediate reports of damage or injury from the quake, which struck near Los Angeles.


• Earthquake hit Southern California at 2:41 p.m. local time (2141 GMT)


• No immediate reports of damage or injury at this time


• US Tsunami Warning System states there is no threat of a tsunami


• Tropical Storm Hilary moved toward the state after punishing Baja California peninsula earlier in the day


• Tropical Storm Hilary brings floods and mudslides to CA and Mexico


• Rainfall of up to 6 inches recorded in some mountain communities


• Power outages and high winds threaten the area


• The potential for isolated tornadoes could make this storm an event never seen before, but could climate change make this a more common occurrence?
Source: Read More

• Trump announced today that he will not be participating in the Republican primary debates, citing his large polling lead.


• This announcement comes days before the party's first debate in Milwaukee, and effectively ends weeks of speculation.


• The announcement signals Trump's intention to challenge President Biden in the 2024 general election.


• The announcement prompted reaction from Florida Governor Ron DeSantis that no one is entitled to the nomination, including Trump.


• It appears the former President has declared himself the winner, say what you will about Trump but the man can put out a show even as he doesn't show up!
Source: Read More

• China cut the one-year benchmark lending rate to 3.45% from 3.55% in an effort to stimulate credit demand.


• However, the five-year rate was surprisingly left unchanged and the reduction in the one-year rate was smaller than what was expected.


• Experts believe this was done to keep the yuan stable and prevent capital flight.


• China also pledged to keep liquidity ample and policy forceful, while optimising credit policies for property sectors.


• The PBOC may be lacking effective tools to stimulate the property sector and economy via monetary easing – lending to a cautious outlook for China's growth and currency.
Source: Read More

• Adyen's stock suffered a €18 billion market value loss due to poor first-half performance.


• Competition is cited as the primary cause of the slowest revenue growth since the company's IPO.


• Co-CEO Ingo Uytdehaage announced that there are no plans for a share buyback.


• The moral of the story: To err is human, to Adyen divine.
Source : Read More

Baked with love,

Anna Eisenberg ❤️