BREAKING: 🚨 More than 7,000 companies globally, employing 130 million people, can't pay back loans and are drowning in debt, per AP.

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📊 Key Events This Week:

1. CB Consumer Confidence data - Tuesday

2. New Home Sales data - Wednesday

3. Q1 2024 Final GDP data - Thursday

4. May PCE Inflation data - Friday

5. Fed Monetary Policy Report - Friday

6. Total of 8 Fed speaker events this week

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🇺🇸 Federal Reserve Chair Jerome Powell said this month that the US labor market is back to pre-covid conditions

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📣 Apple $AAPL and Facebook $META have held discussions about integrating Meta’s Generative AI model into Apple Intelligence - WSJ

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🔥 Apple $AAPL has reportedly renewed its efforts to develop #AR-only glasses which would be lightweight spectacles that users could easily wear all day.

2027 is the earliest you could expect to see the glasses - Bloomberg

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📊 Global Data Centers now consume more electricity than most countries

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Rolex prices are down almost 40% from peak levels...

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BREAKING: 🇯🇵 The Japanese Yen against the US dollar just hit a fresh 34-year low.

The USD-JPY currency pair closed on Friday slightly below 160, the level which was previously defended by Japan’s Ministry of Finance intervention.

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📉📉📉 Nvidia Shares Plunge 5%, Now Down Nearly 15% From Its All-time High

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🚨🚨 JUST IN: 🇪🇸 Barcelona to ban AirBNB and other apartment rentals for tourism by 2028, citing soaring housing costs for residents.

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🇸🇦 Saudi Arabia records $10.9 BILLION trade surplus in April, the biggest in seven months.

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🇪🇺 Apple, $AAPL, becomes first US tech giant charged under Europe’s new antitrust law — and faces billions in fines, per NYP.

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📊 Gold could rally to $3,000 over the next 12-18 months, according to Bank of America

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🚨 BREAKING: Julian Assange has reached a plea deal with the U.S., allowing him to go free❗️

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🚨🚨 Federal Reserve's Bowman anticipates no interest rate cuts in 2024, shifting focus to 2025.

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🚨🚨 The owner of a prominent skyscraper in Germany's 🇩🇪 banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest property crisis in a generation - Reuters

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📊 Nvidia, $NVDA, is making some INSANE moves:

From June 20th through June 24th, Nvidia lost $600 BILLION of market cap in 3 trading days.

Today, the stock has added $250 BILLION in market cap from its pre-market low.

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