🇺🇸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)

@Fin_Watch

🚨 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

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🚨🚨 JUST IN: RED LOBSTER is in financial trouble due to $11 million loss last quarter from their unlimited shrimp deal.

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🇮🇱 Israel’s Central Bank to Roll Out Sandbox for #CBDC Experiments.

The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.

@Fin_Watch | link

📊 GDP growth forecast for 2024.

🇮🇳 India: 6.8%
🇪🇹 Ethiopia: 6.2%
🇰🇪 Kenya: 5.5%
🇮🇩 Indonesia: 5%
🇨🇳 China: 4.6%
🇳🇬 Nigeria: 3.3%
🇷🇺 Russia: 3.2%
🇹🇷 Turkey: 3.1%
🇪🇬 Egypt: 3%
🇺🇸 US: 2.7%
🇸🇦 Saudi: 2.6%
🇲🇽 Mexico: 2.4%
🇧🇷 Brazil: 2.2%
🇵🇰 Pakistan: 2%
🇪🇸 Spain: 1.9%
🇮🇱 Israel: 1.6%
🇨🇦 Canada: 1.2%
🇯🇵 Japan: 0.9%
🇿🇦 South Africa: 0.9%
🇫🇷 France: 0.7%
🇮🇹 Italy: 0.7%
🇬🇧 UK: 0.5%
🇩🇪 Germany: 0.2%
🇦🇷 Argentina: -2.8%

(IMF)

@Fin_Watch

🇹🇷 Turkey's Central Bank posted an astonishing $25 billion loss last year

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🇰🇷 South Korea Central Bank Accelerates Plans for #CBDC Rollout.

As reported by Newsway, the bank aims to conduct a pilot program involving 100,000 participants by the end of 2024. This program will assess the functionality of the digital Korean Won in terms of usability and deposit capabilities.

@Fin_Watch | link

🇮🇳 Tesla $TSLA CEO Elon Musk is set to announce an investment in India of $2-$3 Billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi - Reuters

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