#MarketNews

👋 Hello, dear traders! Today is Thursday, June 13, 2024. Let's quickly delve into the key financial highlights of the day:

☄️ The Fed signaled one rate cut this year, with Chair Powell indicating a conservative approach and potential for two cuts amid higher inflation forecasts and a strong economy.

🇪🇺 ECB's Joachim Nagel stated that euro-zone core inflation remains sticky, emphasizing a cautious, meeting-by-meeting approach following last week's 25 basis point rate cut.

🇯🇵 Japanese investors sold ¥2.65 trillion ($16.9 billion) in foreign debt, the most in nine years, amid shifts in global central bank policies and profit-taking on US Treasuries.

🚜 Caterpillar boosted its share repurchase authorization by $20 billion, raised its quarterly dividend by 8%, and plans to return nearly all free cash flow to shareholders. Shares of Caterpillar (#CAT) are up 0.43%.

⚡️ Google agreed to buy 115 megawatts of geothermal energy from Buffett's Nevada utility to power its data centers. Google (#GOOGLE) stock is up 0.77%.

🚗 The EU has imposed tariffs up to 48% on electric vehicles from China, raising EV prices and escalating trade tensions.

🍎 Apple agreed to distribute OpenAI's ChatGPT on its devices without financial payments, leveraging the partnership to enhance AI features and benefit both companies. Apple (#APPLE) shares are up 2.86%.

💬 Elon Musk announced that his $56 billion pay package and the proposal to move Tesla's legal home to Texas are passing by wide margins in preliminary votes. Tesla (#TESLA) stock is up 3.88%.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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