1. US job additions revised lower by 818,000, largest revision since 2009
2. US unemployment rate is up to 4.3%, highest since 2021
3. 5 out of the last 6 jobs reports have now been revised LOWER
4. A record number of Americans are now working multiple jobs
5. US Dollar has lost 25% of its purchasing power in 4 years
6. 11% of credit card balances in the US are now delinquent, the highest in over a decade
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🇷🇺 🇺🇦 President Putin says Ukraine tried to attack Russia's nuclear power plant in Kursk.
The attack was unsuccessful and drones were intercepted.
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The attack was unsuccessful and drones were intercepted.
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BREAKING: 🇺🇸 Robert F. Kennedy plans to drop out of the presidential race by the end of the week, per ABC news.
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Presidential worth before and after Office:
📈 Barack Obama: $1.3M to $70M
📈 George Bush: $20M to $40M
📈 Bill Clinton: $1.3M to $241.5M
📈 George H.W. Bush: $4M to $23M
📉 Donald Trump: $3B to $2.3B
@Fin_Watch
📈 Barack Obama: $1.3M to $70M
📈 George Bush: $20M to $40M
📈 Bill Clinton: $1.3M to $241.5M
📈 George H.W. Bush: $4M to $23M
📉 Donald Trump: $3B to $2.3B
@Fin_Watch
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🇺🇸 U.S. Dollar is being used in 48% of global payments, the highest level in over a decade.
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BREAKING: 🇷🇺 🇨🇳 Russia to launch stablecoins linked to the Chinese Yuan and BRICS currency in moves to ditch the US dollar for trade.
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🇺🇸 Powell says confidence in 2% inflation path has increased, time has come to adjust policy, does not seek further cooling of the labor market: Jackson Hole
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BREAKING: 🇺🇸 RFK Jr. is officially withdrawing from the 2024 presidential election and endorsing Donald Trump.
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JUST IN: 🚨 US start-up failures jumped to 254 over the past year, the highest level since at least 2019.
The annualized rate of start-ups going failing is now 7 TIMES larger than 5 years ago.
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The annualized rate of start-ups going failing is now 7 TIMES larger than 5 years ago.
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🇺🇸 SUMMARY OF FED CHAIR POWELL'S REMARKS (8/23/24):
1. "The time has come for Fed policy to adjust"
2. Fed "will do everything" to support a strong labor market
3. Fed does not welcome further weakening of the labor market
4. Confidence has grown that inflation is heading to 2%
5. Balance of risks to Fed mandates has changed
6. Inflation has declined significantly toward the goal
@Fin_Watch
1. "The time has come for Fed policy to adjust"
2. Fed "will do everything" to support a strong labor market
3. Fed does not welcome further weakening of the labor market
4. Confidence has grown that inflation is heading to 2%
5. Balance of risks to Fed mandates has changed
6. Inflation has declined significantly toward the goal
@Fin_Watch
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Media is too big
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🇮🇳 🇺🇦 Indian Prime Minister Modi visits Ukraine and offers to help 'as a friend' to end its war with Russia.
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🇮🇳 Accenture has announced a major 50,000 lateral positions for hiring initiative in India.
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🇺🇸 WALL STREET ENDS SHARPLY HIGHER TO NOTCH WINNING WEEK AS POWELL CEMENTS SEPTEMBER RATE CUT HOPES
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🚨🚨🚨 Two Top Banks 🏦 Report Data Breaches.
TD Bank and Summit National Bank disclose major data leaks affecting thousands of customers, prompting investigation by 🇺🇸 Maine Attorney General’s Office.
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TD Bank and Summit National Bank disclose major data leaks affecting thousands of customers, prompting investigation by 🇺🇸 Maine Attorney General’s Office.
@Fin_Watch
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