Forwarded from AI News
@News_AI
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🇺🇸 Donald Trump says Russia and China are not enemies, and the United States will get along great with them if he is elected president.
@Fin_Watch
@Fin_Watch
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Forwarded from Crypto News
🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
@News_Crypto
@News_Crypto
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🇺🇸 SUMMARY OF FED DECISION (9/18/24):
1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
@Fin_Watch
1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
@Fin_Watch
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📣 Amazon $AMZN is raising the pay of its hourly warehouse workers by at least $1.50 an hour up to an average base wage of more than $22 per hour
@Fin_Watch
@Fin_Watch
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Reports suggest this is due to 𝕏 adopting #Cloudflare's services to protect its servers. This protection dynamically changes 𝕏's IP address.
In #Brazil, Cloudflare runs major institutions, including banks and government websites etc, making app blocking much more difficult.
@Fin_Watch
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🇪🇺🇷🇺 European Union allocates $1.56 billion in profits from frozen Russian assets to purchase weapons for Ukraine's war with Russia.
@Fin_Watch
@Fin_Watch
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🇺🇸 Last 2 times the Fed’s first cut was 50+ bps:
▫️Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession
▫️Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession
▫️Sep 18, 2024
- ?
- ?
- ?
@Fin_Watch
▫️Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession
▫️Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession
▫️Sep 18, 2024
- ?
- ?
- ?
@Fin_Watch
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🚨 WASHINGTON (AP) — FBI: Iranian 🇮🇷 hackers sent unsolicited information stolen from Trump 🇺🇸 campaign to people associated with Biden's campaign.
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@Fin_Watch
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🇯🇵 Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy.
@Fin_Watch
@Fin_Watch
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BREAKING: 🇺🇸 Stock market futures soar to new record highs as traders react to the first Fed rate cut since March 2020.
The S&P 500 and Nasdaq are now up over 20% this year alone.
@Fin_Watch
The S&P 500 and Nasdaq are now up over 20% this year alone.
@Fin_Watch
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@Fin_Watch
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🚨🚨 Canada's 🇨🇦 central bank has decided to abandon plans for a central bank digital currency (#CBDC), known as the "digital loonie," after nearly five years of research, without specifying a clear reason.
@Fin_Watch
@Fin_Watch
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