BREAKING: 🚨 The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.

Nvidia, $NVDA, alone has erased over $1 trillion in market cap since its high seen one month ago.

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🚨🚨 Intel, $INTC, plans to eliminate thousands of jobs, up to 10,000, to reduce costs

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🇸🇻 El Salvador is exploring the possibility of joining BRICS.

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🇻🇪 Venezuela's Nicolás Maduro challenges Elon Musk to fight on national television.

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🇻🇪 Elon Musk accepts Venezuela's Nicolás Maduro's challenge to fight on national television.

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BREAKING: 🇪🇺 Euro Zone inflation rises to 2.6%, above expectations of 2.5%.

Core inflation in Europe hit 2.9%, above expectations of 2.8%.

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🚨🚨 Delta's $DAL CEO said the CrowdStrike $CRWD-Microsoft $MSFT IT outage earlier this month will cost the company $500 million - CNBC

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🇨🇳 🇺🇸 China says "we are not the US, nor do we want to become like the US. China does not pursue hegemony, or practice power politics."

"China has the best record on peace and security among all major countries."

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🇺🇸 SUMMARY OF FED CHAIR POWELL'S STATEMENT (7/31/24):

1. No decision has been made regarding a September rate cut

2. Attentive to risks on both sides of the dual mandate

3. Fed will assess incoming data for futures decisions

4. Q2 inflation readings have added confidence on inflation

5. Reducing rates too late could unduly weaken economy

6. Still need greater confidence on inflation

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📣 3.27 Billion people use a Facebook $META owned product EVERY SINGLE DAY

That means ~40.9% of the worlds population uses either Facebook, Instagram or WhatsApp on a daily basis

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🇸🇦 Saudi arabia's economy contracts for a fourth straight quarter amid opec-oil output cuts

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🚨🚨 Breaking: US 🇺🇸 jobless claims rise to 249,000, beating expectations of 236,000. This is the highest number since June 2023.

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BREAKING: 🇬🇧 Bank of England cuts rates by 0.25% to 5%.

This is the first rate cut since 2020.

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