๐ Traders cut bets on the Federal Reserve cutting interest rates next year, with expectations for a 100 basis point cut by September.
@Fin_Watch
@Fin_Watch
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JUST IN: ๐บ๐ธ Mike Novogratz says after Trump's win, he sees a "substantial shift in the energy" of the crypto industry.
This will bring โhundreds of billionsโ into the ecosystem ๐
@Fin_Watch
This will bring โhundreds of billionsโ into the ecosystem ๐
@Fin_Watch
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๐บ๐ธ American consumers are rolling over a record $628 billion in unpaid credit card debt every month, per Bloomberg.
@Fin_Watch
@Fin_Watch
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๐จ๐จ Microsoft, $MSFT, CEO's pay has risen 63% to $73 million in 2024, despite 2550 jobs lost in 2024, per FORTUNE.
@Fin_Watch
@Fin_Watch
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๐จ๐ณ China says it hopes for a "peaceful coexistence" with the United States.
"We respect the choice of the American people."
@Fin_Watch
"We respect the choice of the American people."
@Fin_Watch
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BREAKING: ๐บ๐ธ The S&P 500 is now up 2.4% and on track for its largest daily gain of 2024.
The index has added $1.2 trillion of market cap today.
@Fin_Watch
The index has added $1.2 trillion of market cap today.
@Fin_Watch
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๐จ๐จ๐บ๐ธ Kamala Harris's campaign ends $20 million in debt, after raising over $1 billion, Politico reports.
@Fin_Watch
@Fin_Watch
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BREAKING: ๐บ๐ธ Total holdings of US ETFs assets officially hit $10 trillion for the first time in history.
Over the last 5 years, the size of the US ETF market has more than doubled.
@Fin_Watch
Over the last 5 years, the size of the US ETF market has more than doubled.
@Fin_Watch
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๐จ๐จ JUST IN: Iran's ๐ฎ๐ท currency has fallen to record low against US Dollar after Trump's victory. The rial traded at 703,000 rials to the dollar.
@Fin_Watch
@Fin_Watch
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โก๏ธCrypto.com Plans Major Expansion in 2025 with #Stablecoin and #ETFs, Aiming to expand its crypto offerings and integrate traditional financial products.
@Fin_Watch
@Fin_Watch
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@Fin_Watch
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๐ฎ๐น Amazon Web Services $AMZN plans to invest $1.3 Billion into Italy over the next 5 years to expand its data centre business in the country - Reuters
@Fin_Watch
@Fin_Watch
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๐บ๐ธ Elon Musk's transgender child announces they're leaving the US after Donald Trump's presidential win.
In 2022, they cut all ties with Elon Musk and changed their last name.
@Fin_Watch
In 2022, they cut all ties with Elon Musk and changed their last name.
@Fin_Watch
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๐ฎ๐ท Iranian President Pezeshkian: It makes no difference to us who won the US election.
@Fin_Watch
@Fin_Watch
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๐จ๐ณ Chinese President Xi Jinping says China is ready to strengthen relations with the United States.
@Fin_Watch
@Fin_Watch
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๐บ๐ธ SUMMARY OF FED DECISION (11/7/24):
1. Fed cuts interest rates by 25 bps in 2nd cut of 2024
2. Vote for 25 basis point rate cut was unanimous
3. Fed says risks to goals remain "roughly in balance"
4. Labor market conditions have "generally eased"
5. Fed removes "gaining confidence" on inflation moving to 2%
6. Fed will continue to reduce its balance sheet
We expect another 25 basis point rate cut in December.
@Fin_Watch
1. Fed cuts interest rates by 25 bps in 2nd cut of 2024
2. Vote for 25 basis point rate cut was unanimous
3. Fed says risks to goals remain "roughly in balance"
4. Labor market conditions have "generally eased"
5. Fed removes "gaining confidence" on inflation moving to 2%
6. Fed will continue to reduce its balance sheet
We expect another 25 basis point rate cut in December.
@Fin_Watch
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