🇨🇳 China prepares to become custodian of foreign sovereign gold reserves.

@Fin_Watch

🇨🇳 China's Huawei announces three-year plan to overtake Nvidia $NVDA in AI chips.

@Fin_Watch

🇮🇳 India is INVESTING $18 billion to build a domestic semiconductor industry

@Fin_Watch

🇺🇸 U.S.TREASURY SECRETARY BESSENT: Powell should have signalled 100-150 bps cut

@Fin_Watch

🇺🇸 US new home sales in August reached 0.8 million, surpassing the 0.650 million estimate.

US August new home sales increased 20.5% month-over-month, while a 0.3% decrease was estimated.

@Fin_Watch

🇺🇸 Senator Elizabeth Warren calls to investigate President Trump's family over foreign crypto deals.

@Fin_Watch

🇺🇸 Foreign student arrivals to the US have hit a four-year low, per Bloomberg.

@Fin_Watch

🇺🇸 Trump has said that Ukraine could win the war against Russia and reclaim all of its occupied territory, per The Times.

@Fin_Watch

🇷🇺 Russian Foreign Minister Lavrov says NATO has basically declared war on Russia.

@Fin_Watch

🚨🚨 Starbucks to close hundreds of stores and lay off staff as the chain continues to struggle.

@Fin_Watch

🇺🇸 BESSENT: “A 100–150bps rate cut would make sense.”

@Fin_Watch

📊 Fannie Mae on if we want affordable homes again:

1. Prices must crash by -38%, or:
2. Incomes must rise by +60%, or:
3. Mortgage rates must crash by -415 bps

For any of these 3 things, something massive would have to happen to the macroeconomy.

@Fin_Watch