BREAKING: 🇺🇸 Annualized interest payments on US federal debt just reached an all-time high of $1.14 trillion.
This is more than DOUBLE the amount of interest recorded in 2022 when the Fed started raising rates.
@Fin_Watch
This is more than DOUBLE the amount of interest recorded in 2022 when the Fed started raising rates.
@Fin_Watch
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BREAKING: 🚨 Hackers stole "nearly all" of AT&T's 110 million customers' call and text interactions - CNN
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🚨 Elon Musk says "the European Commission offered X an illegal secret deal: if we quietly censored speech without telling anyone, they would not fine us.
The other platforms accepted that deal.
X did not."
@Fin_Watch
The other platforms accepted that deal.
X did not."
@Fin_Watch
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📣 Meta Platforms plans to release the largest version of its open-source Llama 3 model on July 23,
@Fin_Watch
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🇺🇸 US bankruptcies just hit their highest level in 14 years:
346 companies have declared bankruptcy through June 2024, the most since 2010, a year after the Financial Crisis.
@Fin_Watch
346 companies have declared bankruptcy through June 2024, the most since 2010, a year after the Financial Crisis.
@Fin_Watch
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Number of billionaires.
🇺🇸 US: 735
🇨🇳 China: 495
🇮🇳 India: 169
🇩🇪 Germany: 126
🇷🇺 Russia: 105
🇭🇰 Hong Kong: 66
🇮🇹 Italy: 64
🇨🇦 Canada: 63
🇹🇼 Taiwan: 52
🇬🇧 UK: 52
🇧🇷 Brazil: 51
🇦🇺 Australia: 47
🇫🇷 France: 43
🇨🇭Switzerland: 41
🇯🇵 Japan: 40
(Source: Forbes)
@Fin_Watch
🇺🇸 US: 735
🇨🇳 China: 495
🇮🇳 India: 169
🇩🇪 Germany: 126
🇷🇺 Russia: 105
🇭🇰 Hong Kong: 66
🇮🇹 Italy: 64
🇨🇦 Canada: 63
🇹🇼 Taiwan: 52
🇬🇧 UK: 52
🇧🇷 Brazil: 51
🇦🇺 Australia: 47
🇫🇷 France: 43
🇨🇭Switzerland: 41
🇯🇵 Japan: 40
(Source: Forbes)
@Fin_Watch
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BREAKING 🚨: U.S. Debt
Cost of U.S. Debt approaches $1.15 Trillion, the highest level in history
@Fin_Watch
Cost of U.S. Debt approaches $1.15 Trillion, the highest level in history
@Fin_Watch
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🇺🇸U.S. ECONOMIC DATA THIS WEEK:
• NY FED MANUFACTURING INDEX (MON.)
• RETAIL SALES (TUES.)
• BUILDING PERMITS (WED.)
• HOUSING STARTS (WED.)
• INDUSTRIAL PRODUCTION (WED.)
• JOBLESS CLAIMS (THURS.)
• PHILLY FED MANUFACTURING INDEX (THURS.)
@Fin_Watch
• NY FED MANUFACTURING INDEX (MON.)
• RETAIL SALES (TUES.)
• BUILDING PERMITS (WED.)
• HOUSING STARTS (WED.)
• INDUSTRIAL PRODUCTION (WED.)
• JOBLESS CLAIMS (THURS.)
• PHILLY FED MANUFACTURING INDEX (THURS.)
@Fin_Watch
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1. Fed Chair Powell Speaks - Monday
2. June Retail Sales data - Tuesday
3. June Building Permits data - Wednesday
4. Philly Fed Manufacturing data - Thursday
5. Total of 11 Fed speaker events this week
6. Large banks report Q2 2024 earnings
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🇺🇸 U.S. Equity Funds saw a weekly inflow of more than $15 billion to finish June, the largest weekly inflow in 12 months
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🚨🚨🚨 Google's #Gemini AI caught scanning Google Drive hosted PDF files without permission — user complains feature can't be disabled.
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This is down from a record 35 rate hikes conducted in September 2022 in response to spiking inflation.
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🇮🇳 Apple's $AAPL annual sales in India hit a record of ~$8 Billion in the 12 months through March up 33% YoY - Bloomberg
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JUST IN: 🇺🇸 Tesla $TSLA CEO Elon Musk will contribute $45 million per month in order to elect Former President Donald Trump
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