🇮🇳 India Boosts Gold Reserves by Most in Two Years, WGC Says

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🇺🇸 The Federal Reserve might cut interest rates 8 straight times beginning in September for a total of 200 basis points, says Citi

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🇺🇸 Chances of winning US Presidential Election

Trump: 62%

Democratic candidate: 38%

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🚀 BREAKING: 🇦🇺 Australia’s largest stock exchange has approved its second spot #Bitcoin ETF.

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🇺🇸 SUMMARY OF FED CHAIR POWELL'S TESTIMONY (7/9/24):

1. Q1 2024 data did not support confidence in inflation and path to rate cuts

2. Rate cuts "not appropriate" until greater confidence inflation is heading to 2%

3. Cutting rates too late could unduly weaken the economy

4. The US economy is "expanding at a solid pace"

5. Labor market conditions have cooled but remain "strong"

6. Elevated inflation is not the only risk we face

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🇺🇸 Billionaire Warren Buffet says he could end the United States deficit problem in five minutes.

"You just pass a law that says any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."

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📣 CITI SAYS IT'S TIME TO BOOK PROFITS IN HIGH-FLYING AI EQUITIES - Bloomberg

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🇷🇺 In the past couple of months, Russian President Putin has met with the following world leaders

• Chinese President Xi Jinping
• North Korea's Kim Jong Un
• Vietnam President To Lam
• India's PM Narendra Modi
• Hungary PM Viktor Orbán

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📣 Jeff Bezos sells $863.5 million worth of Amazon, $AMZN, shares.

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🇫🇷 The left-wing French coalition hoping to introduce 90% tax on any annual income above €400,000: SKY NEWS

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🇺🇸 Bipartisan group of senators plan to announce deal to ban Congress from trading stocks.

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JUST IN: 🇷🇺 🇺🇦 NATO officially announces it will send F-16 fighter jets to Ukraine for its war against Russia.

Russian President Putin previously said F-16 fighter jets are legitimate targets for Moscow, even on third-country airfields.

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🇺🇸 FTC IS PROBING MICROSOFT'S $MSFT OPENAI INVESTMENTS - Bloomberg

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