Good Afternoon. While today’s not a holiday, it’s definitely a day for financial fireworks. From tariff talks to trade deals, the market's serving up more drama than a reality TV reunion. Let's dive into the headlines!

—Rosie, Wyatt, Evan & Conor

🔥 What’s Hot: 🔥

• S&P 500: The S&P 500 hits new highs, fueled by a U.S.-Vietnam trade deal.

❄️ What’s Not: ❄️

• Jobs: Despite the rally, weak jobs data is casting a shadow over the tech sector's long-term outlook. The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says.

1. S&P 500 touches intraday record on Vietnam trade deal, tech stocks

The News: The S&P 500 hit an intraday record, buoyed by a new U.S.-Vietnam trade deal and strong tech stock performance.

Why It Matters: This rally might boost your portfolio. But keep an eye on economic data—it’s not all sunshine and rainbows.
Source: reuters.com

2. Stocks inch up, dollar struggles under weight of Trump tariffs, Fed uncertainty

The News: Stocks are up, but the dollar is feeling the heat from Trump-era tariffs and uncertain Fed policies..

Why It Matters: If you’re traveling abroad, your dollar might not stretch as far, and currency volatility could impact your international investments.
Source: reuters.com

3. Del Monte Foods Files for Bankruptcy With Plans to Pursue Sale

The News: Del Monte Foods has filed for bankruptcy, seeking a buyer amid financial woes.

Why It Matters: If you’re a stakeholder or have a taste for canned fruits, this could mean changes in product availability and pricing.
Source: wsj.com

4. Ripple Seeks a U.S. Banking License, Adding to List of Crypto Companies

The News: Ripple is applying for a U.S. banking license to hold stablecoin reserves, marking a crypto-banking crossover.

Why It Matters: If you’re into crypto, this could signal more stability and legitimacy for digital currencies in traditional finance.
Source: wsj.com

5. Trump's immigration crackdown hits America's most popular beer

The News: Beer shipment volumes fell 3.3% in the quarter, Constellation said Tuesday. The company's Modelo Especial is the bestselling beer in the US.

Why It Matters: Even if you don’t own Constellation Brands stock, stories like this signal how policy and politics can ripple through the economy—impacting prices, jobs, and even the value of your retirement accounts.
Source: yahoo.com

1. Iran President Signs Law Suspending Cooperation With UN Nuclear Watchdog

The News: Iran has suspended cooperation with the UN nuclear watchdog, escalating tensions with the West.

Why It Matters: Global energy markets could react to increased geopolitical risks, impacting oil prices and your energy bills.
Source: huffpost.com

2. UniCredit Renews Commerzbank Merger Pitch as Germany Stands Firm

The News: UniCredit, an Italian bank, is pushing for a merger with Commerzbank after acquiring a large stake in Commerzbank last year, but Germany remains cautious.

Why It Matters: If you’re investing in European stocks, this merger could reshape the financial sector landscape and affect your investments.
Source: bloomberg.com

3. As Heat Grips Europe, a Struggle to Keep Workers and Customers Cool

The News: Europe’s heatwave is hampering business operations, affecting productivity and customer turnout.

Why It Matters: If hot summers become the new normal, businesses across Europe (and beyond) could see shrinking profits, supply chain hiccups, and increased insurance and energy costs—all of which can ultimately impact investors’ returns and the broader economy.
Source: NYTimes.com

✅ Bank Better: Open a new checking account and complete qualifying activities to earn a $300+ bonus.* Easy money.
✅ Hydrate: Fill a glass of water and drink it now.
✅ Digital Detox: Plan 30 minutes away from screens this evening.
✅ WindowSwap: See a random window view from somewhere in the world—relaxing and mind-opening.

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Analogous:

Comparable in certain respects, typically in a way which makes clearer the nature of the things compared.