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Daily Fresh Financial News.
Global Market Updates.

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JUST IN: πŸ‡ΊπŸ‡Έ TikTok's owner ByteDance sues the US Government

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⚑️ JUST IN: πŸ‡ΊπŸ‡Έ FED official says "keeping interest rates where they are for longer than the public expects is much more likely than raising rates."

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🚨🚨 Renters hopes of owning home drop to record low: NY Fed survey

The Federal Reserve Bank of New York released results from its 2024 SCE Housing Survey, showing that homeowners expect prices to rise, while renters express concerns about their ability to own a home.

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πŸ‡ΈπŸ‡¦ Saudi Aramco Will Pay A $31 Billion Dividend To The Saudi Government And Other Investors Despite Lower Profit

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πŸ“£ Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

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πŸ‡ΊπŸ‡Έ US rental vacancy rates have jumped to 6.7% in April, to their highest level in 4 years.

This is almost as high as in September 2017 when vacancy rates reached 6.8%.

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πŸ‡ΊπŸ‡Έ FAA Opens New Boeing Inquiry Over 787 Inspections

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πŸ“£ OpenAI is working on a search product that will compete with Google, $GOOGL, per Bloomberg

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Media is too big
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πŸ‡ΊπŸ‡Έ Tom Lee said he thinks inflation will cool pretty dramatically in the second half of this year

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πŸ’° FTX customers are getting back all the money they lost in the crypto exchange's collapse.

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🚨🚨🚨JUST IN: πŸ‡ΊπŸ‡Έ Congressman Tom Emmer says #SEC Chairman Gary Gensler’s tenure has been characterised by "regulatory hypocrisy, inconsistency, and incompetence."

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πŸ‡ΊπŸ‡Έ One out of every 24 New York City residents is a Millionaire

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⚑JUST IN: πŸ‡ΊπŸ‡Έ US Senator Bernie Sanders and Congressman Ro Khanna introduce bill to eliminate all medical debt.

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πŸ‡ΊπŸ‡Έ FED'S COLLINS:

- REACHING 2% INFLATION MAY TAKE LONGER THAN THOUGHT
- THERE ARE RISKS TO CUTTING RATES TOO SOON

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BREAKING: πŸ“Š World central banks' net gold purchases set a new record in Q1 2024.

Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.

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πŸ“Š Growth of $1,000 by Global Equity Market over 5 years

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πŸ“Š All the data says the economy is "strong" while:

1. Starbucks stock, $SBUX, fell 20% after reporting a 6% drop in traffic

2. Uber stock, $UBER, fell 10% after reporting a net loss

3. Shopify stock, $SHOP, fell 20% after issuing weak guidance

4. Netflix stock, $NFLX, fell 10% after reporting a weaker outlook for Q3 2024

5. Doordash stock, $DASH, fell 15% after reporting a $21 million loss

6. CVS Pharmacy stock, $CVS, fell 17% after net income fell by 50%

7. Etsy stock, $ETSY, fell 11% after reporting weak earnings due to the "macroeconomy"

8. EBay stock, $EBAY, fell 5% after reporting weaker guidance

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πŸ‡¦πŸ‡· Argentina to print its first 10,000-peso note as a result of hyper-inflation.

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πŸ‡ΊπŸ‡Έ US Presidential Candidate Donald Trump Promises "Full Support" for Cryptocurrencies!

Giving the green light to #Crypto, US presidential candidate Donald Trump announced that he will accept cryptocurrency donations in his election campaign.

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πŸ‡ΊπŸ‡Έ US has "paused" weapons deliveries to Israel after it started Rafah invasion. US Secretary of Defence said there have been β€˜far too many casualties’ from Gaza war - Bloomberg

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πŸ‡¦πŸ‡Ί Australia's Macquarie bank will stop cash withdrawals this month and go completely cashless.

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