💥🧠 🇨🇳 BREAKING: US officials say shipments of Nvidia, $NVDA, H200 chips to China have begun. Nvidia shares extend gains to a new high of day on the news.
‼️ 🛢️ BREAKING: Oil gives up gain after Trump abandons 20% fee on Strait of Hormuz traffic. The U.S. Navy will reimpose its blockade against Iranian ships at 4 p.m. ET on the orders of President Donald Trump
BREAKING: The odds of the Fed hiking rates at the July 29th meeting crash to 8% after CPI inflation unexpectedly posts its biggest monthly decline since April 2020.
‼️ 🏦 BREAKING: Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom. “The Fed’s number one objective is to get monetary policy right — or as near to it as we possibly can. That is our clear and constant aim, the star we steer by,” he added. “And if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past.”
🚢 President Donald Trump’s proposed 20% levy on ships passing through the Strait of Hormuz could backfire and further reduce dwindling traffic on the vital waterway, shipping executives have warned.
‼️ 🏦 BREAKING: Bank of America reported second-quarter earnings that beat analysts’ forecasts, with earnings per share coming in at $1.21 on revenue of $31.6 billion.