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flag Consumer confidence in the Philippines hits -14; class action lawsuits urged for investors in two U.S. companies.

flag Recent reports show consumer confidence in the Philippines dropped to -14 in Q2 2025, reflecting pessimism about the economy and potentially affecting consumer spending. flag Meanwhile, investors in Red Cat Holdings, Inc. and Designer Brands Inc. are encouraged to join class action lawsuits over alleged false statements that led to inflated stock prices. flag These legal actions aim to recover losses for those affected.

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