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UPDATE 3-Macy's cuts ties with Trump, New York City reviews contracts

July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...
Source: Reuters | By: Nathan Layne
Want to think like a VC? Read these books

Venture capitalist Bill Tai has a knack for spotting hot new start-ups. Want to think like him? Check out his summer reading list.
Source: CNBC.com | By: Bill Tai, venture capitalist and entrepreneur
SUVs, muscle cars help auto industry maintain momentum

Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent. Most automakers reported gains for June, led by Nissan with an increase of 13 percent. General Motors' sales fell, largely because the company cut back on sales to rental-car companies.
Source: The Associated Press
Mickelson is gambling client in laundering case: Sources

Golfer Phil Mickelson is the "unnamed gambling client" mentioned in a plea agreement taken by another man charged in a money laundering case, multiple sources confirmed to NBC News on Tuesday.
Source: NBC News
Second half playbook plays: DIS & WMT  

How to trade Disney and Wal-Mart in the second half of the year, which kicks off tomorrow, with the "Fast Money" crew.
Source: CNBC.com
China's big ambitions stumble at Bahamas resort

Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...
Source: Reuters | By: Tim McLaughlin and Matthew Miller
How one US company fended off China imports

How the Bollman Hat Company, America's oldest hat maker, is supporting hat making and US manufacturing jobs.
Source: CNBC.com | By: Heesun Wee
Will latest inflammatory comments tarnish Trump's brand?

-after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments- that some Mexican immigrants bring drugs and crime to the country and are rapists- offended many, were denounced by Mexican-American groups...
Source: The Associated Press | By: By MAE ANDERSON, AP Business Writer
Developer of $3.5B Bahamas megaresort files for bankruptcy

KINGSTON, Jamaica- The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has filed for U.S. Baha Mar Ltd. said the U.S. filings were being done "voluntarily" in an effort to complete construction and open the megaresort touted as the most expensive project ever undertaken in the Bahamas.
Source: The Associated Press
Donald Trump doubles down on Hispanic rapist insults

GOP Presidential hopeful Donald Trump doubled down on his Hispanic insults, the Fiscal Times reports.
Source: Fiscal Times | By: Rob Garver