🇦🇺 Australia's Reserve Bank holds rates steady at 4.35% due to concerns about global markets.

@Fin_Watch

🇨🇭 Switzerland to consider imposing a 50% inheritance tax on amounts over 50 million francs (roughly $59 million)

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🇬🇧 UK police may now arrest people for "retweets" deemed hateful.

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🚨🚨 Warner Bros. Discovery $WBD posted a nearly $10 billion loss in Q2 on an impairment charge tied to the plunging value of its linear networks - WSJ

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🚨🚨🚨 BREAKING: Japan 🇯🇵 issues tsunami warning after 6.4 magnitude earthquake.

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🇺🇸 JPMorgan, $JPM, CEO says no recession in US and hopes for soft landing.

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🔥 BREAKING: 🇷🇺 Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia 🔥

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🇬🇧 Bank of England expected to lose £254 BILLION from the QE money printing programme since December 2021 - The Economist

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🇺🇸 U.S. 30-YEAR MORTGAGE RATES FALL TO 6.47%, LOWEST SINCE MAY 2023

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🇺🇸 Nasdaq proposed rule changes could quicken delisting of shares trading below $1, per WSJ

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🇮🇷 Iran demand all 57 countries in the Organization of Islamic Cooperation end oil-trade with Israel🇮🇱

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🇺🇸 United States credit card debt has hit an all-time record of $1.14 trillion.

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🔥 Amazon, $AMZN, has partnered with TikTok to enable #TikTok users to buy items from Amazon without leaving the TikTok app.

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📣 World Federation of Advertisers closes down after being sued by Elon Musk's X and Rumble, FOX business

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🇺🇸 U.S. Now Has:

1. Record $17.8 trillion in household debt

2. Record $12.5 trillion in mortgages

3. Record $1.6 trillion in auto loans

4. Near record $1.6 trillion in student loans

5. Record $1.1 trillion in credit card debt

Total household debt is now up 53% over the last 10 years and total credit card debt is up 50% since 2020.

@Fin_Watch