🇺🇸 US bankruptcies are riding rapidly:
275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010.
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275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010.
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BREAKING: 🚨 More than 7,000 companies globally, employing 130 million people, can't pay back loans and are drowning in debt, per AP.
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🇪🇸 Barcelona to ban AirBNB and other apartment rentals for tourism by 2028, citing soaring housing costs for residents.
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1. CB Consumer Confidence data - Tuesday
2. New Home Sales data - Wednesday
3. Q1 2024 Final GDP data - Thursday
4. May PCE Inflation data - Friday
5. Fed Monetary Policy Report - Friday
6. Total of 8 Fed speaker events this week
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🇺🇸 Federal Reserve Chair Jerome Powell said this month that the US labor market is back to pre-covid conditions
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📣 Apple $AAPL and Facebook $META have held discussions about integrating Meta’s Generative AI model into Apple Intelligence - WSJ
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2027 is the earliest you could expect to see the glasses - Bloomberg
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JUST IN: 🚨 S&P 500 $SPX will soar to 15,000 by the end of the decade, says Fundstrat's Tom Lee
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BREAKING: 🇯🇵 The Japanese Yen against the US dollar just hit a fresh 34-year low.
The USD-JPY currency pair closed on Friday slightly below 160, the level which was previously defended by Japan’s Ministry of Finance intervention.
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The USD-JPY currency pair closed on Friday slightly below 160, the level which was previously defended by Japan’s Ministry of Finance intervention.
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🚨🚨 JUST IN: 🇪🇸 Barcelona to ban AirBNB and other apartment rentals for tourism by 2028, citing soaring housing costs for residents.
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🇸🇦 Saudi Arabia records $10.9 BILLION trade surplus in April, the biggest in seven months.
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🇪🇺 Apple, $AAPL, becomes first US tech giant charged under Europe’s new antitrust law — and faces billions in fines, per NYP.
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🚨 BREAKING: Julian Assange has reached a plea deal with the U.S., allowing him to go free❗️
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🚨🚨 Federal Reserve's Bowman anticipates no interest rate cuts in 2024, shifting focus to 2025.
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🚨🚨 The owner of a prominent skyscraper in Germany's 🇩🇪 banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest property crisis in a generation - Reuters
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From June 20th through June 24th, Nvidia lost $600 BILLION of market cap in 3 trading days.
Today, the stock has added $250 BILLION in market cap from its pre-market low.
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The companies said the new venture will be “equally controlled and owned.” The companies said they will develop “next generation” battery-powered vehicles with leading edge software - Bloomberg
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