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ETH Whales Make A Huge Splash
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JPM’s Leveraged Loan W
Fed officials see rates close to their peak, the China stimulus rally lasted just 10 minutes, JPMorgan won a ruling that leveraged loans aren’t securities, Apple is backing California’s right-to-repair bill, mortgage rates hit 7.23%, T-Mobile US is laying off 5,000 employees, and Zillow is offering 1% down payments to lure struggling homebuyers.
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Nvidia Is the Stock Market
US Q1 payroll numbers are likely to be revised down, Nvidia’s stock continues to defy gravity after stellar earnings, the SEC is taking on PE and hedge funds, Juul is cutting 30% of its staff, Big Tech is bracing for new EU regulations, BRICS are inviting the Saudis to join, and Nike’s stock fell for a 10th straight day.
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BNB, It’s Dynamite
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Goldman Is Tired of WFH
UPS workers approved a massive labor deal, Goldman wants everyone in the office five days per week, the BNB token price is tumbling, Iran is aiming to boost its oil output, Airbnb hosts are scrambling with NYC’s new regulations, and two regional Fed boards sought to hold rates steady in July.
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Bear Market for New Hire Salaries
Microsoft is divesting console gaming streaming rights to persuade regulators to approve its Activision acquisition, S&P downgraded multiple banks, Schwab will cut staff, mortgage rates hit highest point since 2000, financial firms are being lured to the south, Meta is launching a web version for Threads, and companies are cutting pay for new hires.
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A Crypto Man’s Best Friend
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Russia’s Lunar Accident
Russia crashed a spacecraft into the moon, all eyes are on Powell in Jackson Hole this Friday, China cut its one-year benchmark lending rate, the iPhone 15 might have a new charging port, Messi has caused single-game MLS ticket prices to jump by 1,700%, and oil prices rose on lower OPEC+ exports.
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9 Figure Bitcoin Break Down
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Scorching Hot Mortgage Rates
Mortgage rates hit a 20-year high, the stock market rally is creating retirement account millionaires, Japan insurers are turning their eyes to private credit, striking writers are taking an antitrust aim at Disney, Amazon, and Netflix, Tesla cut its prices in China, and Goldman is planning a hiring spree to fix lapses after Fed scrutiny.
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Americans Are Blowing Cash
The Fed may raise rates further, bond yields are at 15-year highs, Americans have almost depleted their savings, Goldman blames 0-DTE options for the S&P selloff, NYC banned TikTok on government devices, and Coinbase won approval to offer crypto futures trading in the US.
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Bitcoin ETF Spotted in Europe
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