🇺🇸 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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🇨🇳 China is currently in 1st place with the most Gold medals (11) at the Paris Olympics.

🇺🇸 The United States is in 5th place with 6 Gold medals.

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🚨🚨 Intel $INTC just announced plans to layoff 15% of its employees as part of a $10B cost reduction plans

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🇺🇸 DOJ are investigating Nvidia, $NVDA and its acquisition of AI company Run:ai on supposed antitrust grounds, per Politico

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Chances of winning 🇺🇸 US Presidential Election

Trump: 54% chance
Harris: 46% chance

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🚨 🇹🇷 Turkey blocks access to Instagram

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🚨🚨 Intel stock, $INTC, is now down 29% today to its lowest level since December 2012.

One of the United States' largest technology companies has erased one third of its value in 2 days.

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🇺🇸 Unemployment Rate has changed each month over the last year

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🚨🚨🚨 JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession.

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