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🚨🚨🚨 GLOBAL OUTAGES

- Major banks, media and airlines affected by major IT outage

- Significant disruption to some Microsoft services

- 911 services disrupted in several US states

- Services at London Stock Exchange disrupted

- Sky News is off air

- Reports the issue relates to problem at global cybersecurity firm Crowdstrike

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🇦🇷 Argentina's economy expands for the first time since President Javier Milei took office

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📣 Broadcom in talks with OpenAI to develop new AI chip

Broadcom (AVGO) is in talks to develop new AI chips with OpenAI — which Microsoft (MSFT) has a majority stake in — according to a report from The Information. In addition, the report notes that OpenAI has been employing ex-Google employees from a unit that was producing Google's (GOOG, GOOGL) AI chip.

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🇺🇸 U.S. Corporations now hold $4.11 Trillion in Cash, an all-time high

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📊 Home prices have risen 54% since 2019, per Washington Post.

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🔥 #X has announced a plan to disable links in comment replies, aiming to reduce spam and phishing links.

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🚨🚨 The Stock Market could fall by 50%, warns Hedge Fund Manager Mark Spitznagel, who says the Greatest Bubble we've ever seen is approaching its peak

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🇺🇸 Twitch lifts its ban on Donald Trump

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🚨 Turkey blacklisted India 🇮🇳, imposes complete ban on defence exports.

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🇷🇺 Russia's Foreign Minister says if the United States and NATO stop "pumping Ukraine with weapons, the war will end."

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📣 Microsoft says 8.5M Windows devices were affected by CrowdStrike outage

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🚨🚨 US cyber agency CISA says malicious hackers are ‘taking advantage’ of CrowdStrike outage

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🇵🇰🇮🇱 Pakistan forms committee to locate and ban all products & businesses supporting Israel.

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📊Key Events This Week:

1. Existing Home Sales data - Tuesday

2. New Home Sales data - Wednesday

3. Q2 2024 GDP data - Thursday

4. June PCE Inflation data - Friday

5. MI Consumer Sentiment data - Friday

6. ~20% of S&P 500 companies report earnings

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BREAKING: 🇺🇸 President Joe Biden announced that he will not run again

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BREAKING: 📊 39% of global investors believe that world central banks' monetary policy is too restrictive, the most since the 2008 Financial Crisis.

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⚡️JUST IN: 🇺🇸 Joe Biden endorses Kamala Harris as the democratic nominee for the 2024 presidential election.

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🇺🇸 Donald Trump reacts to Joe Biden dropping out of the presidential race.

"It will be even easier to beat Kamala Harris."

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📉 Crowdstrike's CEO net worth plunged $300 million after the $CRWD share price tanked on Friday

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🇨🇳 People's Bank of China (PBoC) cuts 10 bps to the 1-year and 5-year Loan Prime Rate

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