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Daily Fresh Financial News.
Global Market Updates.

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๐Ÿ“Š Key Events This Week:

1. OPEC Monthly Report - Monday

2. September Retail Sales data - Thursday

3. Philly Fed Manufacturing data- Thursday

4. September Housing Starts data - Friday

5. Total of 11 Fed speaker events this week

6. ~10% of S&P 500 companies report earnings

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๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ท๐Ÿ‡บ India is Russia's second-largest supplier of restricted technology, according to US and EU officials.

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๐Ÿš€ SpaceX booster rocket successfully returns to the same tower it launched from.

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๐Ÿšจ๐Ÿšจ Chinese Stocks just saw the largest weekly inflow in history

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๐Ÿ“ŠGoldman Sachs upgraded its forecast for China's economic growth in 2024 and 2025.

Goldman expects Chinaโ€™s ๐Ÿ‡จ๐Ÿ‡ณ GDP to expand 4.9% this year, up from 4.7% previously. It also lifted its GDP prediction for next year to 4.7% from 4.3% - Bloomberg

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BREAKING: ๐Ÿ‡ฉ๐Ÿ‡ช The German Economy is now likely in a Recession with no more growth seen this year, per Bloomberg

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๐Ÿ‡บ๐Ÿ‡ธ Federal Reserve reduced its balance sheet by $66 billion last month, now at the lowest level in more than 4 years

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๐Ÿšจ๐Ÿšจ Amazon, $AMZN, could cut 14,000 managers and save $3 billion a year, according to Morgan Stanley

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๐Ÿ”ฅ Nvidia $NVDA is currently on pace to set a new record high closing price today.

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๐Ÿšจ๐Ÿšจ BREAKING: India expels six senior Canadian diplomats amid worsening row.

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๐Ÿ“Š Goldman Sachs today raised its price target on Facebook $META to $636 up from $555 while maintaining its Buy rating.

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๐Ÿ”ฅ Chances of winning ๐Ÿ‡บ๐Ÿ‡ธ US Presidential Election.

Trump: 54% chance
Harris: 46% chance

(Based on polls and prediction markets)

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๐Ÿšจ๐Ÿšจ JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ Stock trading should be illegal for members of Congress - US Congressman Matt Gaetz

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๐Ÿ’ฐ Tether, the largest stablecoin issuer, could consider lending U.S. ๐Ÿ‡บ๐Ÿ‡ธ dollars to commodities trading institutions, per reports.

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JUST IN: ๐Ÿ‡จ๐Ÿ‡ณ China is reportedly looking to tax its ultra-rich individuals overseas, those who have put wealth into non-chinese real estate or had large investment gains, per Bloomberg

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๐Ÿ‡บ๐Ÿ‡ธ Kamala Harris says she will legalize marijuana in the United States to "break down unjust legal barriers that hold Black men back."

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๐ŸŽ Apple shares hit record intraday high ๐Ÿ“ˆ

Apple is now up 2.6% to $237.31, reaching an intraday historical high, with a total market value of $3.61 trillion.

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump takes biggest lead in the election so far, up by 14.2% in the odds according to Polymarket

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๐Ÿ”ฅ JUST IN: BofA CEO Expects Two More Rate Cuts This Year.

Brian Moynihan says BofA anticipates up to two more rate cuts this year, projecting a terminal rate of around 3% by the end of 2025.

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๐Ÿ‡บ๐Ÿ‡ธ Kamala Harris has released a policy plan for Black Men in America. It consists of:

- a fully forgivable $20k loan to start a business
- protect crypto investment stocks
- legalize recreational marijuana
- education and mentorship
- national health initiative

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BREAKING: ๐Ÿšจ 512 large US companies have declared bankruptcy year-to-date, only 6 less than during the 2020 pandemic.

Outside of the pandemic, this is the largest number of bankruptcies in 14 years.

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