US Q2 GDP: +3.0%, expected: 2.4%
US Q2 GDP: +3.0%, expected: 2.4%
BREAKING: A Senate committee has just approved a bill to ban stock trading for members of Congress, the VP, and the President, per BI
The bill can now go before the Senate.
Of more than 286,000 planned layoffs this year, only 20,000 were related to automation, and of those, only 75 were explicitly attributed to artificial intelligence, per executive coaching firm Challenger, Gray and Christmas
JPMorgan, $JPM, has partnered with Coinbase, $COIN.
Nvidia, $NVDA, CEO has said: If I were a 20-year-old again today, I would focus on physics in college.
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38% of builders cut prices in July, up from 37% in June, 34% in May, and 29% in April, per NAHB
Trump says August 1st tariff deadline won't be extended, and says a 25% tariff on India.
China exported 3,188 tons of rare-earth permanent magnets globally last month, up nearly 160% from May, per CNBC
A mixed morning.
Active US housings listings grew roughly 29% year-over-year in June, with homes lingering on the market for an average of 53 days, a 15th straight month of slower sales.
OpenAI says ChatGPT users send over 2.5 billion prompts every day
Bank of America, $BAC, says there will be no Fed rate cuts this year.
44% of Europeans are turning away from U.S. brands, per CNBC
FOMC TODAY
Will the Fed cut rates?
Listen to the experts, including:
- @FedGuy12
- @jam_croissant
- @BobEUnlimited
- @ModeledBehavior
- @LastBearStandng
- @MBjegovic
Join today at 1255PM EST:
https://t.co/aYxugBe1Em
BREAKING: The White House is lobbying against banning stock trading for politicians, per PunchBowl.
US cancelled trade meeting with Taiwan as China trade talks loomed, per FT
JPMorgan Chase is in advanced talks to replace Goldman Sachs as Apple’s credit card partner, per Reuters
Tesla, $TSLA, signs $4.3 billion LGES battery deal, per Reuters
Good morning to everyone: https://t.co/8K9ghTuivx