economy News & Analysis
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Market Mood
Singapore Dollar Consolidates Amid Yen Appreciation Trend
The Singapore Dollar is consolidating as it may benefit from the trend of Yen appreciation. This consolidation can reflect a stronger position against other currencies, potentially aiding in trade and investment flows. A stronger Singapore Dollar could attract foreign investment and impact export competitiveness. Investors should monitor these currency movements as they may influence market conditions and investment choices.
Read More: Singapore Dollar Consolidates Amid Yen Appreciation Trend
Washington State Fires Force Evacuations, Destroy Hundreds of Buildings
Fires in Washington state have destroyed hundreds of buildings and led to evacuations in the Spokane area. The exact number of buildings impacted has not been specified. This incident raises concerns about property damage and the safety of residents in affected areas. Such disasters can influence local economies and insurance markets as recovery efforts begin and assessments are made.
Read More: Washington State Fires Force Evacuations, Destroy Hundreds of Buildings
67% of Americans Fear Retirement Financial Stability
A study found that 67% of Americans are more worried about running out of money during retirement than they are about dying. For instance, a hypothetical scenario illustrates a 68-year-old woman, Dolores, with $2 million in savings and a frugal annual spending of $50,000. Despite her financial readiness, she is reluctant to retire due to fears of depleting her savings. This situation highlights an important consideration for individuals nearing retirement: understanding financial stability can alleviate fears of running out of money.
Read More: 67% of Americans Fear Retirement Financial Stability
Eurozone Bond Yields Fall as Oil Prices Decline Amid Diplomacy
Eurozone bond yields have fallen due to rising hopes for diplomatic progress in the Middle East, which has pushed oil prices lower. This decline in yields reflects changing market conditions related to geopolitical developments. Investors typically respond to lower bond yields by reassessing asset allocation strategies, potentially favoring equities over bonds. Understanding these shifts is crucial for investors looking at market trends. This situation is relevant for ordinary investors as it may influence their investment decisions in equities and bonds.
Read More: Eurozone Bond Yields Fall as Oil Prices Decline Amid Diplomacy
Australia Confirms Mass Mortality Event from H5 Bird Flu
Australia has confirmed its first mass mortality event caused by the H5 bird flu in native seabirds. This event has raised concerns over the potential impact on local wildlife populations and the ecosystem. The specific number of affected seabirds has not been disclosed, but the incident is regarded as significant. The presence of H5 avian influenza may also have implications for the poultry industry and could influence market dynamics. Ordinary investors should be aware of any related impacts on wildlife management policies and agricultural markets.
Read More: Australia Confirms Mass Mortality Event from H5 Bird Flu
UK Recession Forecast If Strait of Hormuz Remains Closed
An economic forecaster has warned that the UK may face a recession if the Strait of Hormuz stays closed. The prediction emphasizes the significance of this shipping route for oil supply and the potential ripple effects on global markets. Disruptions could impact energy prices and trade flows, leading to economic slowdowns. Understanding such geopolitical risks is crucial for investors as they navigate market uncertainties caused by regional instability.
Read More: UK Recession Forecast If Strait of Hormuz Remains Closed
Indeed Reports 2023 Drop in UK Hiring Amid AI Skills Demand
Data from Indeed indicates hiring in the UK has decreased, yet there is a notable rise in demand for AI-related skills. This contrast suggests a shifting labor market where traditional job roles may be declining while new technology-driven positions, such as those in AI, are growing. The evolving job landscape could have implications for employment trends and wages. Understanding these shifts is important for investors monitoring the labor market and its impact on economic growth.
Read More: Indeed Reports 2023 Drop in UK Hiring Amid AI Skills Demand
Trump Comments on Yen Intervention as Japan Friendship Signal
Former President Donald Trump suggested that Japan's intervention in the yen's value is a demonstration of friendship between the two nations. This statement comes amid ongoing discussions about currency stability and economic ties. The yen's fluctuation can impact global markets, particularly in the context of U.S.-Japan relations. Investors should monitor any resultant market movements tied to currency interventions, as they can influence trading behavior and economic forecasts.
Read More: Trump Comments on Yen Intervention as Japan Friendship Signal
Seattle Light Rail Derailment Suspends 1 and 2 Lines Service
A Seattle light rail train derailed at the CID station, leading to the suspension of service on the 1 and 2 Lines. In response, shuttle buses are being provided as an alternate transportation option. The derailment has disrupted transit in downtown Seattle, affecting commuters. This situation is significant as public transport disruptions can impact local businesses and overall commuter schedules, emphasizing the importance of reliable transit systems for urban areas.
Read More: Seattle Light Rail Derailment Suspends 1 and 2 Lines Service
US and Japan Purchase ¥8.45tn to Support Yen at 40-Year Low
The Japanese government plans to confirm a joint effort with the US to purchase up to ¥8.45 trillion (£40 billion) worth of yen after it reached a 40-year low. The US intervention, carried out on Friday, involved the Federal Reserve Bank of New York selling euros to buy yen. This marks the first US intervention in Japan's currency since 2011, aiming to stabilize the yen, which has been weakened by low interest rates. For ordinary investors, this intervention may lead to volatility in currency markets and impact the value of the yen going forward.
Read More: US and Japan Purchase ¥8.45tn to Support Yen at 40-Year Low
Greece Wildfires and Hungary Nuclear Plant Shut Amid Drought
Greece is currently facing wildfires, although no specific figures for affected areas, containment measures, or damages were provided. Concurrently, Hungary has closed a nuclear power plant, but numerical data regarding the duration or impact of this closure was not mentioned. These events highlight the ongoing challenges posed by drought conditions affecting European nations. For investors, such natural disasters can lead to increased volatility in energy markets and infrastructure operations, potentially impacting stock prices and energy costs.
Read More: Greece Wildfires and Hungary Nuclear Plant Shut Amid Drought
WestJet Strike Begins After Talks Breakdown Between Union, Airline
WestJet flight attendants have gone on strike following a breakdown in negotiations between the union and the airline. The strike may impact flight operations and the overall staffing of the airline, potentially affecting passengers. This development could result in increased cancellations and disruptions during travel. For investors, the outcome of this strike may influence WestJet's operational efficiency and financial performance in the coming months.
Read More: WestJet Strike Begins After Talks Breakdown Between Union, Airline
Hungary Inc Adapts to New Political Era Under Orban's Leadership
Hungary's corporate landscape is making adjustments as Viktor Orban's political era is set to evolve. The impact on various sectors, including manufacturing and services, is under examination. Investors are looking to understand how government policies will shape future business operations. This transition may influence market performance as companies position themselves for potential changes in regulations and economic strategies.
Read More: Hungary Inc Adapts to New Political Era Under Orban's Leadership
AI Drives Demand for Senior Tech Roles in UK Jobs Market
The UK jobs market is evolving due to AI advancements, creating a two-speed environment where there is increasing demand for senior tech roles. This shift is being driven by organizations seeking skilled professionals capable of leveraging artificial intelligence in various applications. The impact of this transformation could lead to a tighter labor market for tech talent, influencing hiring practices and salary expectations. For investors, this trend highlights the increasing value placed on tech expertise, potentially affecting companies involved in recruitment and technology services.
Read More: AI Drives Demand for Senior Tech Roles in UK Jobs Market
600 Parents Attend School Uniform Swap Shop in Peterborough
More than 600 parents attended a pop-up school uniform swap shop in Peterborough, where they picked up free second-hand school clothes. This initiative aimed to alleviate budget stress for families ahead of the school term and reduce textile waste. Organizers suggest establishing a permanent hub for this service to support families year-round. Such community efforts can help families save on uniform costs and encourage sustainable practices by reusing clothing.
Read More: 600 Parents Attend School Uniform Swap Shop in Peterborough
Volkswagen (VWAGY) Seeks Jobs for Hundreds of Departing Managers
Volkswagen (VWAGY) has contacted a headhunter to assist in finding new positions for hundreds of managers who are leaving the company. This move comes as the company undergoes significant restructuring. The decision highlights the ongoing challenges facing the automotive industry in Germany. For investors, this shift in management and the potential for changes in executive leadership could influence Volkswagen's operational direction and financial performance.
Read More: Volkswagen (VWAGY) Seeks Jobs for Hundreds of Departing Managers
Japan Plans Joint Yen Intervention with US to Stabilize Currency
Japan will announce a joint yen intervention with the US, according to sources. This intervention is aimed at stabilizing the currency amid significant fluctuations. The coordinated effort may impact foreign exchange trading and influence market reactions to currency strength. For investors, this intervention could signal movement in the USD/JPY exchange rate, affecting broader market sentiments around currency risk and investment strategies.
Read More: Japan Plans Joint Yen Intervention with US to Stabilize Currency
Jay Leno Took $15M Pay Cut to Preserve 'The Tonight Show' Staff
Jay Leno reduced his annual salary from $30 million to $15 million while hosting 'The Tonight Show' to prevent layoffs among the crew. During a podcast in 2021, he stated that NBC considered cutting staff significantly, prompting his voluntary pay cut of 50%. Leno maintained a sustainable lifestyle through his stand-up comedy income, performing around 210 live shows annually. This decision is relevant for investors as it highlights the impact of leadership decisions on workforce stability within large organizations.
Read More: Jay Leno Took $15M Pay Cut to Preserve 'The Tonight Show' Staff
Best 5-Year CD Rates: Up to 4.35% as of August 2026
As of August 2026, the national average rate for a five-year CD is 1.73% APY, according to the FDIC. The highest rate available is 4.35% from E*TRADE, followed by 3.75% from First National Bank of America and Synchrony Bank. These certificates of deposit (CDs) were compared among over 35 banks and credit unions. Investors looking for low-risk, predictable returns for long-term goals may find these options appealing, significantly above the national average.
Read More: Best 5-Year CD Rates: Up to 4.35% as of August 2026
Caregivers face financial strain without paid support options
Many family caregivers are experiencing financial strain as they deplete their savings and abandon efforts to save. The article suggests that the lack of paid support for caregivers could be contributing to their financial challenges. This situation highlights the need for potential policy changes to provide compensation for caregivers. The implications for the healthcare system and financial stability of caregivers represent significant issues for families and society.
Read More: Caregivers face financial strain without paid support options
Wildfire Impact in Greece Increases Amid Easing Crisis in Europe
The wildfire crisis is diminishing in western Europe while worsening in Greece due to strong winds fueling new fires. Specific data on affected areas or damage was not reported. The situation in Greece could have implications for local economies, particularly in tourism and agriculture. Investors should be aware of the potential impact on industries if the situation escalates, particularly in affected regions.
Read More: Wildfire Impact in Greece Increases Amid Easing Crisis in Europe
Social Security Delay Impacts Monthly Payments – Key Insights
Delaying Social Security payments until age 70 increases the monthly benefit amount and leads to proportionally higher cost-of-living adjustments. This topic, while lesser known than funding issues, holds significant implications for retirees. Understanding the timing of Social Security benefits can affect financial planning for millions of Americans. Investors should consider how changes in Social Security policies could impact government budgets and financial markets.
Read More: Social Security Delay Impacts Monthly Payments – Key Insights
Wildfires Impacting Greece, France, and Spain - Emergency Response Ongoing
Wildfires are currently affecting Greece, with firefighters battling blazes in France and Spain. The situation has prompted emergency responses and raised concerns about the environmental and economic impacts associated with the fires. Although there are no specific figures about damage or costs reported in the article, the ongoing events could impact tourism and local economies as firefighting efforts continue. This situation may have consequences for investors monitoring sectors sensitive to environmental disasters and regional stability.
Read More: Wildfires Impacting Greece, France, and Spain - Emergency Response Ongoing
Immigration Courts Speed Up Deportation Orders Amid Record Rates
Immigration courts are experiencing increased activity, resulting in a rise in deportation orders. The acceleration in court proceedings is contributing to the enforcement of immigration policies. This trend may impact legal systems and the lives of individuals involved in immigration cases. Ordinary investors should be aware of how shifts in immigration policy and enforcement could affect labor markets and overall economic conditions.
Read More: Immigration Courts Speed Up Deportation Orders Amid Record Rates
US Visa Bond Program Permanent for Many Countries
The U.S. plans to make its visa bond program permanent, which involves requiring certain travelers from dozens of countries to post a bond as part of their visa application. This initiative aims to deter overstaying and enhance compliance with visa rules. While specific financial figures regarding the bond amounts or the number of countries affected were not detailed, this policy update signals a shift in immigration enforcement strategies. The decision may have implications for labor markets and international travel. Investors in travel and tourism sectors should closely monitor these developments.
Read More: US Visa Bond Program Permanent for Many Countries
Japan-Korea Intervention Impacts Yen and Won Rates Significantly
Japan and South Korea conducted a joint intervention to stabilize their currencies, the yen and won, as both faced significant downward pressure. Officials stated that this was a necessary measure to protect their economies amid rising global uncertainty. The specific impact of the intervention on exchange rates will be closely monitored by investors. This development is important as it may influence trading dynamics in the foreign exchange market, affecting investments tied to these currencies.
Read More: Japan-Korea Intervention Impacts Yen and Won Rates Significantly
Japan Quake Disrupts Auto Supply Chains, 34 Confirmed Dead
A recent earthquake in Japan has resulted in significant disruptions to auto and chip supply chains, with at least 34 fatalities reported. The earthquake's impact on manufacturing could lead to delays in production schedules for various companies dependent on Japanese suppliers. The auto industry is particularly susceptible to these interruptions, which may affect vehicle availability and pricing. Investors should monitor how these supply chain challenges may impact automakers and tech companies reliant on Japanese components.
Read More: Japan Quake Disrupts Auto Supply Chains, 34 Confirmed Dead
China's PMI Drops to 49.2 in July, Indicating Factory Contraction
China's manufacturing purchasing managers' index (PMI) fell to 49.2 in July from 50.3 in June, marking the first contraction since February. The decline was influenced by a slump in domestic orders and recent typhoon disruptions. The new orders sub-index dropped to 48.5, the lowest in 38 months. The construction PMI fell to a record low of 47.0, highlighting widespread weakness across various sectors. This is significant as it may prompt government action to boost domestic demand, impacting overall economic stability and investor sentiment.
Read More: China's PMI Drops to 49.2 in July, Indicating Factory Contraction
China's Factory Activity Gauge Signals Contraction in September
China's factory activity gauge has reported a contraction, indicating a decline in manufacturing output. This is significant as it reflects broader economic trends that can affect global markets. The contraction may impact investor confidence and influence decisions regarding economic policies. Understanding these shifts is crucial for investors as they navigate market changes. The recent developments in China's economy are particularly relevant for sectors reliant on manufacturing.
Read More: China's Factory Activity Gauge Signals Contraction in September
Americans Living Longer than Retirement System Can Handle
The article discusses the challenges faced by the U.S. retirement system as Americans are living longer than anticipated, leading to financial strain. It highlights that many individuals are unprepared for the implications of increased longevity on retirement savings. Specific financial pitfalls associated with this issue are emphasized, although no specific numbers or data points are provided. This scenario is important for markets as it indicates potential future pressures on pension funds and investment strategies, impacting ordinary investors' financial planning.
Read More: Americans Living Longer than Retirement System Can Handle
China's Leaders Announce Economic Support Measures for Recovery
China’s top leaders have pledged to implement incremental measures to support the economy. These steps come amid ongoing economic challenges and are intended to stabilize growth. Although specific numbers were not provided, the announcement indicates the government's commitment to addressing economic issues. This matters for markets as it may influence investor sentiment and confidence in China's economic recovery efforts.
Read More: China's Leaders Announce Economic Support Measures for Recovery
France Evacuates 4,000 Due to Fires Displacing 300,000 People
France has ordered the evacuation of 4,000 more people as wildfires continue to displace over 300,000 individuals in southwest Europe. The fires have escalated emergency measures in the region, highlighting the ongoing challenges posed by extreme weather. This evacuation effort reflects a significant humanitarian response to the wildfires affecting communities. For ordinary investors, the impact of natural disasters on regionally dependent markets and insurance stocks may require monitoring.
Read More: France Evacuates 4,000 Due to Fires Displacing 300,000 People
France, Spain combat wildfires as new heatwave approaches
France and Spain are actively addressing significant wildfires exacerbated by a looming heatwave. Firefighters have been deployed, and aerial firefighting units are in action to rescue trapped individuals. The situation has prompted government discussions on fire safety strategies and resources. This response is crucial for maintaining public safety and protecting natural resources, which can impact local economies and tourism sectors. Investors should monitor developments in emergency management as they may influence market stability in impacted regions.
Read More: France, Spain combat wildfires as new heatwave approaches
7.1 Magnitude Quake in Japan's Kyushu Island Kills 3
A 7.1 magnitude earthquake struck Japan's southern Kyushu island, resulting in the deaths of at least 3 people. The impact of such natural disasters can disrupt local economies and industries, affecting investor sentiment. Historically, incidents like these may lead to temporary fluctuations in stock prices, particularly for companies operating in or closely tied to the affected regions. Investors should remain vigilant as the situation develops.
Read More: 7.1 Magnitude Quake in Japan's Kyushu Island Kills 3
Canada Producer Prices Decline in June, Impacts Market Outlook
In June 2023, producer prices in Canada decreased, reflecting shifts in market conditions following the recent U.S.-Iran pact. Specifically, these changes could influence inflation expectations and impact the pricing power of businesses. The decline may signal potential challenges for Canadian companies facing increased costs or lower demand. This information is pertinent for investors monitoring economic indicators as they assess market conditions and company performance.
Read More: Canada Producer Prices Decline in June, Impacts Market Outlook
Trump Tariffs: USTR's Greer Claims No Economic Impact
U.S. Trade Representative's Office representative Greer stated that the latest tariffs proposed by Trump will not have a significant economic impact. This announcement comes amid ongoing discussions about trade policies and their effects on the market. The update may influence investor sentiment as it clarifies the expected consequences of the tariffs. Understanding the implications of such policies is crucial for investors looking to navigate potential market changes.
Read More: Trump Tariffs: USTR's Greer Claims No Economic Impact
Mamdani Announces 30% Discount at NYC Grocery Stores
NYC-owned grocery stores will offer a 30% discount on essential items, including all produce and meat. Mayor Mamdani stated that the initiative aims to make basic goods more affordable without competing with local shops. This discount applies to a core set of goods available at the municipal stores. The move is significant as it could influence grocery pricing and consumer spending in the city, making it important for investors to monitor retail and grocery market trends.
Read More: Mamdani Announces 30% Discount at NYC Grocery Stores
Mamdani Plans 30% Discount on Meat and Produce Sales
Mamdani intends to implement a 30% discount on meat and produce sold in city-owned grocery stores. This initiative aims to alleviate financial pressure on residents facing rising costs. By providing these discounts, the city hopes to enhance access to affordable food options, which may positively impact community well-being. For ordinary consumers, this measure could reduce grocery bills during a period of increasing prices.
Read More: Mamdani Plans 30% Discount on Meat and Produce Sales
Macron calls crisis meeting due to 250,000 displaced by wildfires
French President Emmanuel Macron has called a crisis meeting as wildfires have forced 250,000 individuals from their homes. The wildfires have prompted officials to address the emerging humanitarian situation. This event could have significant implications for local economies and public health. Stakeholders should monitor these developments as they may affect market sentiment and response in the affected regions.
Read More: Macron calls crisis meeting due to 250,000 displaced by wildfires
China Industrial Profits Slow 15.1% Growth in June Amid Easing Prices
China's industrial profits grew 15.1% in June 2026, according to the National Bureau of Statistics, marking a slowdown from May's 21.1% increase. For the first half of the year, profits climbed 18.7%, slightly down from an 18.8% rate in the January-May period. The recovery in earnings has improved from a decline of 3.6% in June last year, aided by positive comparisons to last year's figures and steady factory-gate price increases. This trend is significant for investors as it indicates current economic challenges amid easing energy prices and potential policy adjustments from the upcoming Politburo meeting.
Read More: China Industrial Profits Slow 15.1% Growth in June Amid Easing Prices
Survey: 82% of Women Choose £50,000 Over £1 Million Chance
A YouGov survey found that 82% of women prefer receiving a guaranteed £50,000 instead of a 50/50 chance at £1 million. The survey reflects a trend of risk aversion among the British compared to Americans. Among younger respondents aged 18 to 24, 28% were willing to take the chance on £1 million, while only 11% of those over 65 showed the same willingness. The current UK median earnings for full-time workers is £40,000, making the £50,000 guarantee significant. This choice highlights contrasting attitudes towards risk that can influence investment strategies and financial decisions.
Read More: Survey: 82% of Women Choose £50,000 Over £1 Million Chance
Heat Wave Impacts Southern US for Second Day
A heat wave is affecting central and southern parts of the United States for the second consecutive day. Key cities are experiencing temperatures significantly above average, contributing to heightened energy demand. Power grids are under stress, with officials advising residents to conserve energy to prevent outages. This situation may impact utility companies and energy prices as demand continues to rise.
Read More: Heat Wave Impacts Southern US for Second Day
Wildfires Displace 250,000 People in France Near Bordeaux
Wildfires in France have driven 250,000 people from their homes, impacting several regions and threatening the city of Bordeaux. The fires have caused significant damage and disruption, leading to evacuations. This event is notable for its potential impact on local economies, particularly in the wine industry, as Bordeaux is a key wine-producing area. Ongoing disaster response efforts may lead to economic implications for affected communities and the wine market.
Read More: Wildfires Displace 250,000 People in France Near Bordeaux
Bonus Scheme Offers £150 for School Essentials Support
A bonus scheme has been announced, providing a one-off payment of up to £150 intended for school essentials. This program is relevant for families looking to ease school-related expenses. The availability of this financial support can alleviate some costs associated with children's education. Understanding this opportunity is essential for families and guardians managing education budgets.
Read More: Bonus Scheme Offers £150 for School Essentials Support
Wildfires in Europe: Spain and France Experience Rapid Spread
Wildfires are rapidly spreading across Spain and France, affecting large areas and posing challenges for local authorities. Firefighting efforts are underway to combat the flames, with significant resources being allocated to manage the situation. The fires have disrupted daily life and could impact local economies, particularly in tourism. Investors should monitor developments as these wildfires may lead to shifts in regional economic conditions and insurance liabilities.
Read More: Wildfires in Europe: Spain and France Experience Rapid Spread
Japan's 'Strong and Rich' strategy may increase yen fluctuations
Japan's new 'Strong and Rich' strategy is expected to influence the yen's exchange rate, resulting in greater volatility in currency markets. This strategy could lead to heightened swings as Japan aims to stabilize its economy and promote growth. Traders may need to adjust their forecasts, leading to potential impacts on investment decisions. As a major currency, changes in the yen's value could significantly affect global trade and investments.
Read More: Japan's 'Strong and Rich' strategy may increase yen fluctuations
Treasury Reports $1.5 Billion Deposited in 'Trump Account' Launch
The U.S. Treasury Department announced that approximately $1.5 billion has been deposited into the accounts referred to as 'Trump accounts' since their launch earlier this month. This substantial influx of funds could have implications for both future financial programs and market sentiment surrounding government initiatives. The accounts aim to provide financial support, which may influence the broader economic landscape. For stakeholders and everyday investors, the movement of these funds could indicate shifts in government financial strategies that might affect market stability.
Read More: Treasury Reports $1.5 Billion Deposited in 'Trump Account' Launch
Swiss Cheesemakers Adjust Sales Amid US Tariffs Impact
Swiss cheesemakers are facing a decline in sales due to US tariffs imposed on European imports. The tariffs have made Swiss cheese more expensive, impacting the market share of exporters in the US. As a response, cheesemakers are looking for ways to innovate their products and reach new customer bases. This situation highlights the ongoing challenges for European exporters because of trade policies, which could affect pricing and availability for consumers in both regions.
Read More: Swiss Cheesemakers Adjust Sales Amid US Tariffs Impact
Survey Finds 89% of Parents Use Leave for Holiday Childcare
A survey by Pregnant Then Screwed found that 89% of parents utilized annual leave for childcare during the six-week summer holiday. Additionally, one in three mothers reported reducing their work hours, and 5% had to leave work entirely. The survey involved over 1,300 parents, revealing that 80% relied on informal childcare, primarily from grandmothers. High costs of holiday clubs and childminding coupled with reduced working hours present significant challenges for working parents. This situation may affect overall productivity and financial security for families during the holiday period.
Read More: Survey Finds 89% of Parents Use Leave for Holiday Childcare
New Home Sales Increase 3.5% in June 2023 Amid Affordability Issues
New home sales in the U.S. rose 3.5% in June 2023, totaling 697,000 units on an annualized basis. The median sales price for new homes was $415,400, while the affordability challenges continue to impact potential buyers. These figures indicate a recovering housing market, but high prices and elevated mortgage rates are constraining some buyers' ability to purchase. This matters for investors as the state of home sales can influence housing market trends and economic indicators.
Read More: New Home Sales Increase 3.5% in June 2023 Amid Affordability Issues