Biden Trial & Oil

📊 Market Snapshot | Extended Edition

Stocks (Year-to-date)

• DOW: 🔼 2.58% (38,686.32)

• S&P 500: 🔼 11.27% (5,277.51)

• NASDAQ: 🔼 13.34% (16,735.02)

Cryptocurrency (Year-to-date)

• BTC: 🔼 53.44% (67,828.30)

• ETH: 🔼 60.91% (3,786.54)

Real Estate Mortgage Rates

• 15-year: 6.70% -0.06

• 30-year: 7.17% -0.12

📎 Market Clips

• Japan executes first currency intervention since 2022, spending $62 billion

• Fold achieves fourth consecutive monthly increase amid expectations of Fed rate cuts

_{*Stock numbers as of market close Friday, cryptocurrency as of6:10pm EST yesterday. Real estate rates as of yesterday via Mortgage News Daily. Source for Market Clips.}

First Report

🔍 Hunter Biden’s Trial

In a high-profile legal battle, Hunter Biden is set to face trial for allegedly lying on a federal form to purchase a Colt Cobra 38SPL revolver. Federal prosecutors assert it’s a straightforward case, with charges focusing on false statements and illegal firearm acquisition while being drug-addicted. The trial, drawing intense scrutiny, begins with jury selection this Monday in Delaware. 👩‍⚖️📄

TL;DR ⏳: Hunter Biden’s trial begins, with his defense challenging the complexity and handling of the firearm purchase form.

Second Report

🛢️ OPEC’s Continued Cuts

OPEC+ has decided to maintain its oil production cuts through the end of 2025, aiming to stabilize prices affected by global economic concerns and geopolitical tensions. The decision, influenced by factors like sluggish economic growth and rising non-OPEC supplies, is likely to keep oil prices elevated, particularly as the U.S. approaches its presidential election in November. Saudi Arabia’s strategy to diversify its economy and Russia’s financial needs amid the Ukraine conflict play pivotal roles in this extension. 💵📈

TL;DR ⏳: OPEC+ extends production cuts, likely keeping oil prices high as the U.S. election nears.

⚡ Quick Hits

1. 💦 Major water pipe bursts in Atlanta lead to outages

2. 🔫 Mass shooting in Akron, Ohio leaves one dead, 24 injured

3. 💔 Donald Trump reveals hush-money trial has been tough on Melania

4. 📚 Teacher suspended for conducting mock slave auction

5. 🗳️ Lara Trump criticizes Larry Hogan’s plea for respect toward hush money verdict

6. 🖥️ Nvidia releases new AI chips amid rising market competition

7. 🌟 Final major D-Day anniversary with veterans marked by grand celebrations

8. 🕊️ Zelensky alleges Chinese support for Russian interference in Ukraine peace efforts

9. 🇮🇷 Ahmadinejad and Larijani, both disqualified, enter Iran election race

10. 💒 Rupert Murdoch weds Elena Zhukova in scenic vineyard ceremony

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