Good Afternoon. Happy July 1st! While you’re deciding whether to celebrate National Creative Ice Cream Flavor Day with a scoop of avocado ice cream, we’re dishing out the latest in finance and business. Grab a spoon and dig in!
—Rosie, Wyatt, Evan & Conor
🔍 U.S. Sector Focus: Technology
🔥 What’s Hot: 🔥
Dow Industrials as tech stocks are seeing a shakeup as investors hunt for bargains beyond the Nvidia hype.
❄️ What’s Not: ❄️
The usual tech darlings are taking a backseat as the market rotates into other sectors.
🇺🇸 U.S. News
1. S&P 500 Rally Wavers After Record-Breaking Run: Markets Wrap
The News: The S&P 500's rally has hit a speed bump after a string of record highs, with investors rethinking their strategies.
Why It Matters: If you're riding the stock market wave, brace for some turbulence—volatility could shake your portfolio.
Source: bloomberg.com
2. Senate Passes Trump's Megabill in Bid to Reshape Taxes, Healthcare
The News: The Senate has greenlit President Trump's sweeping bill aimed at overhauling taxes and healthcare.
Why It Matters: Keep an eye on your paycheck and healthcare premiums—this bill could change your financial landscape
Source: yahoo.com
3. AMC Strikes Debt Deal, Settles Bondholder Litigation
The News: AMC Entertainment has inked a deal with creditors to reshape its debt and settle bondholder disputes.
Why It Matters: If you're holding AMC stock or bonds, this could stabilize your investment—popcorn not included.
Source: wsj.com
4. Powell Confirms That the Fed Would Have Cut by Now Were It Not for Tariffs
The News: Fed Chair Jerome Powell noted that interest rates might have been cut if not for ongoing tariff issues.
Why It Matters: Tariffs are keeping your mortgage rates higher—think of it as a hidden cost of trade wars.
Source: cnbc.com
5. Job Openings Hit Highest Level Since November
The News: U.S. job openings have unexpectedly soared to their highest point since late 2024, showcasing a robust labor market.
Why It Matters: More job openings mean more opportunities—if you're job hunting, now's a good time to polish that resume.
Source: yahoo.com
🌎 World News
1. Mexican Oil Exports Hit Bottom as Output Falls to 46-Year Low
The News: Mexico's oil exports have plunged to their lowest in nearly half a century, sparking fiscal worries.
Why It Matters: If you're filling up your gas tank, this could mean higher prices as global supply tightens.
Source: bloomberg.com
2. TSB to Be Sold to Santander for up to £2.9bn
The News: Banco Sabadell is selling TSB to Santander for a hefty £2.9 billion, shaking up the UK banking scene.
Why It Matters: If you bank with TSB, keep an eye out for changes as a banking juggernaut continues to grow.
Source: bbc.com
3. Millions of Websites to Get 'Game-Changing' AI Bot Blocker
The News: Cloudflare's new AI bot blocker is set to revolutionize online content protection for millions of sites.
Why It Matters: If you're a website owner, this could mean better protection for your content—say goodbye to pesky bots.
Source: bbc.com
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✅ Do: Nothing for at least 5 minutes. Remember to take time for yourself.
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MBA Vocab Word of the Day
Aberration:
a departure from what is normal, usual, or expected, typically one that is unwelcome.
