Trump took in $1.2B from crypto last year

President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Monday shows.

Trump got more than $500 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report. It also showed another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face. Both have plunged in value since the sales.

US stocks rise and trim their losses for June

U.S. stocks rose and trimmed their losses in what had been a rocky June.

The S&P 500 gained 0.8% Tuesday, though it still fell to its first losing month following two fabulous ones. The Dow Jones Industrial Average added 0.3% to another record, and the Nasdaq composite climbed 1.5%. Treasury yields rose in the bond market, and oil prices eased.

War turns Asia toward diversifying energy

Asian nations hit hard by the Iran war’s price shocks are rushing to diversify and strengthen their energy security, potentially undermining their commitments to curb climate change.

In energy-hungry Southeast Asia, countries are exploring nuclear power and promising renewable rollouts, while continuing to burn and invest in coal. Experts say this all-of-the-above approach brought on by the Iran war is slowing efforts to phase out coal power in Asia.

Puerto Rico power firm gets $3B offer for debt

A federal control board that oversees Puerto Rico’s finances says it has offered a $3 billion settlement to bondholders in a new push to finally restructure more than $10 billion in debt held by the U.S. territory’s power company.

The board is proposing paying cash and offering the issuance of new bonds to bondholders that have not settled and are seeking some $8.5 billion in claims.

Rio bus drivers, workers seek shorter work week

Hundreds of bus drivers on strike protested in downtown Rio de Janeiro, demanding increased pay, better conditions and an end to the six-day working week.

The protests Tuesday are part of a larger movement to guarantee Brazilians two days off a week. A proposal to limit the working week to five days is currently in the hands of the Senate.

US Treasury cracks down on cartel

The U.S. Treasury has announced sanctions and a new bank alert targeting the Jalisco New Generation Cartel, Mexico’s most powerful criminal group.

Treasury’s Office of Foreign Assets Control imposed sanctions on two Mexican men and nine entities linked to a cartel fuel theft ring.