📣 GLOBAL ECONOMIC CALENDAR MAY 2024

@Fin_Watch

🇺🇸 Biden cancels $7.4 billion in student debt for 277,000 borrowers

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🚨🚨 Over the past few hours:

1. Iran launches beginning of retaliation attack against Israel

2. #Bitcoin falls 10% in less than 30 minutes after the news

3. Dow Jones implied open points to 400+ point drop

4. Crypto markets erase nearly $700 billion in market cap

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🇺🇸 Donald Trump says Iran's attack on Israel would never have happened if he were President.

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🇮🇷 Iran launched more than 300 drones and missiles at 🇮🇱 Israel - 99% of which were shot down, the Israeli military has said.

@Fin_Watch | link

📊 World Indices :

SPX - 5,123.41 (-1.46%)

🚀 Cryptocurrencies :

Bitcoin USD - 64,444.94 (-4.66%)
Ethereum USD - 3,038.25 (-7.14%)

🌟 Commodities :

Gold - 2,360.20 (-0.53%)
Silver - 27.97 (-0.99%)
Crude - 85.45 (0.51%)

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🇺🇸FED SPEAKERS THIS WEEK:

*FOMC MEMBER WILLIAMS (MON. 8:30AM)
*FOMC MEMBER DALY (MON. 8:00PM)
*FED VICE CHAIR JEFFERSON (TUES. 9:00AM)
*FOMC MEMBER BARKIN (TUES. 1:00PM)
*FED CHAIR POWELL (TUES. 1:15PM)
*FOMC MEMBER MESTER (WED. 5:30PM)
*FOMC MEMBER BOWMAN (WED. 6:30PM)
*FOMC MEMBER BOSTIC (THURS. 11:00AM)

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🚨 Tesla (TSLA) is rumored to be preparing a massive round of layoffs

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🚨🚨🚨 JUST IN: Elon Musk confirms #X will begin charging all new users a "small fee" to post, like, bookmark, or reply.

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🚨🚨🚨 BREAKING: A dangerous vulnerability has been discovered in #iOS that allows for passive infiltration through iMessage.

Cryptocurrency users are advised to disable #iMessage to protect their assets, especially those using Trust Wallet.

@News_Crypto

🚨🚨 JUST IN : #Tesla is slashing 10% of its employees as it battles falling demand for electric vehicles.

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🇨🇳 Intel $INTC plans to release 2 new AI chips with reduced capabilities in China this year

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🇺🇸 SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):

1. Recent data "shows lack of further progress on inflation"
2. Inflation has "introduced new uncertainty" on whether the Fed can cut rates later this year
3. Fed can maintain higher rates for "as long as needed"
4. Recent data has not given greater confidence on inflation
5. Restrictive Fed policy needs more time to work
6. It will likely take longer to "regain confidence" on inflation

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🇷🇺 Russia to grow faster than all advanced economies says IMF

@Fin_Watch | link