Arsonists attack France's train network ahead of Olympics.
A series of predawn fire attacks hit France's high-speed rail system Friday, hours before the opening ceremony of the 2024 Summer Olympics in Paris. The fires and subsequent delays in service impacted at least 800,000 passengers. No group has claimed responsibility for the attack. Separately, catch up on yesterday's opening ceremony here, and see photos from the event here.
Venezuelans vote tomorrow in presidential election.
Venezuelan President Nicolás Maduro seeks his third six-year term amid the country's economic crisis, marred by hyperinflation and its struggling oil industry. Maduro has ruled since 2013 following the death of the country's former president Hugo Chávez. Maduro faces nine challengers; former diplomat Edmundo González Urrutia is considered the main opposition candidate. Polls show González leading Maduro by double-digits.
California's largest fire of the year grows to 164,000 acres.
The northern California blaze, known as the Park Fire, has grown to a size larger than the city of Chicago (about 148,000 acres) due to warm, dry weather and high winds. Roughly 4,000 residents in the area have been forced to evacuate, while 130 structures have been destroyed, according to officials. A 42-year-old man was arrested earlier in the week on suspicion of starting the fire via a flaming car. The fire was 0% contained as of this writing. See photos here.
Prominent short-seller charged with fraud in $16M stock scheme.
The US Justice Department and the Securities and Exchange Commission filed charges Friday against Andrew Left, founder of Citron Research, with 17 counts of securities fraud and one count of making false statements. Left is accused of making sensational comments about publicly traded companies to manipulate the stock market. He was also accused of similar misconduct in Hong Kong in 2016.
Key inflation gauge rises 2.6% year-over-year in June.
The core personal consumption expenditures price index, which measures costs consumers pay across a wide swath of items, excluding food and energy, rose 2.6% year-over-year and 0.2% month-over-month. Both figures are in line with analyst estimates. The index is the Federal Reserve's preferred inflation measure; the central bank targets 2% annual inflation.
SOURCE: 1440 NEWS
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