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๐Ÿšจ๐Ÿšจ๐Ÿšจ JUST IN: #Tupperware files for bankruptcy.

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๐Ÿ“Š Gold will hit $3,000 in 2025 says Bank of America

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Forwarded from AI News
๐Ÿ”ฅ BREAKING: BlackRock and Microsoft set to launch a $30 billion artificial intelligence investment fund.

@News_AI
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๐Ÿ‡บ๐Ÿ‡ธ Crypto industry spent $190 MILLION on the 2024 US election so far โ€” CNBC

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๐Ÿ‡พ๐Ÿ‡ช Elon Musk's Starlink satellite internet is now available in Yemen.

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump says Russia and China are not enemies, and the United States will get along great with them if he is elected president.

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โšก๏ธ 65% odds for 50 bps cut; 35% odds for 25 bps cut headed into today's Fed meeting.

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CITI: ๐Ÿ‡บ๐Ÿ‡ธ Fed will cut rates by 1.25% this year

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๐Ÿ‡บ๐Ÿ‡ธ Trump opens huge lead over Kamala Harris in electoral college projections - RCP

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Forwarded from Crypto News
๐Ÿ”ฅ BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

@News_Crypto
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๐Ÿ‡บ๐Ÿ‡ธ 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

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Jerome Powell: ๐Ÿ‡บ๐Ÿ‡ธ Market conditions continued to cool, economy is strong

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๐Ÿ“ฃ 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

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๐Ÿ”ฅ BREAKING: Brazilians ๐Ÿ‡ง๐Ÿ‡ท are now able to access #๐• without a VPN.

Reports suggest this is due to ๐• adopting #Cloudflare's services to protect its servers. This protection dynamically changes ๐•'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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๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ท๐Ÿ‡บ European Union allocates $1.56 billion in profits from frozen Russian assets to purchase weapons for Ukraine's war with Russia.

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๐Ÿ‡บ๐Ÿ‡ธ Last 2 times the Fedโ€™s first cut was 50+ bps:

โ–ซ๏ธJan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession

โ–ซ๏ธSep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession

โ–ซ๏ธSep 18, 2024
- ?
- ?
- ?

@Fin_Watch
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๐Ÿšจ WASHINGTON (AP) โ€” FBI: Iranian ๐Ÿ‡ฎ๐Ÿ‡ท hackers sent unsolicited information stolen from Trump ๐Ÿ‡บ๐Ÿ‡ธ campaign to people associated with Biden's campaign.

@Fin_Watch
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๐Ÿ’ซ Elon Musk of Tesla, $TSLA, could become world's first trillionaire by 2027, per FOX.

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๐Ÿ‡ฏ๐Ÿ‡ต Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy.

@Fin_Watch
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BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ 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
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โšก๏ธ NEW: ๐Ÿ‡บ๐Ÿ‡ธ Donald Trump on the rate cuts - โ€œIt shows the economy is very bad that they cut by that much.โ€

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