Must Read Money Stories for Monday, July 6

by July 6, 2015

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Greeks reject financial deal. Greek citizens rejected the terms of a new financial deal to relieve its debt crisis in a national referendum on Sunday, Reuters reports. The country has been through several years of austerity measures, which lead to 61 percent of its voters to cast a “no” vote. Greece’s creditors were demanding tax hikes and pension cuts, but now Prime Minister Alexis Tsipras will try to renegotiate for less severe cuts in a new bailout package. You can find some thoughtful analysis on Greece’s situation from economic commentator Steve Randy Waldman, and from this interview with French economist Thomas Piketty. Check out our explainer for more background.

USA! USA! USA! The United States Women’s National Soccer Team saved some fireworks for the day after July 4, jumping to a quick 4-0 lead over Japan early in the Women’s World Cup final Sunday evening. Bars and special watch parties were full across the country as the team went on to secure a 5-2 victory. It’s the third World Cup victory for the women’s team and first since 1999. ESPN has coverage of the big win.

Trump in trouble. Business mogul Donald Trump is in a bit of trouble following his entrance into the presidential race. The Republican hopeful told Fox News he was surprised by the corporate backlash after making inflammatory remarks about Mexican immigrants during his speech announcing his candidacy. Trump lost a number of business partners because of the statement and admitted he didn’t expect the response to be “quite this severe.” He filed a lawsuit for $500 million against Univision after the network responded by canceling its plans to air the Miss USA pageant.

Affordable diets. A provision in the federal health care law that requires insurers to pay for nutrition and obesity screening could mean big business for diet clinics across the country, the New York Times reports. Medical weight-loss programs already bring in an estimated $1 billion annually. That market is expected to grow five percent every year though 2019.

I’ll be back. The Los Angeles Times reports that “Terminator Genisys” and “Magic Mike XXL” fell short of expectations at the box office this weekend. The paper also has an interactive graphic on what summer blockbusters are bringing in this season.

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(Via the Los Angeles Times)