📊 Nvidia cuts back its $250 billion OpenAI data center commitment to under $120 billion, WSJ reports.

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🇹🇷🇵🇸 Turkish President Erdogan says Turkey cannot leave Gaza alone and will do everything it can to support it.

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🚨🚨 Jane Street suffered losses of $15 Billion following Leopold's leverage blowout.

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🇮🇳 India announces plans to build up to 8 new chip manufacturing plants and 5 nuclear reactors.

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🚨🚨 Stocks hit their most expensive valuation surpassing the Dot Com Bubble and 2008 Financial Crisis.

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📊 Market Overview:

SPX: $7785
NASDAQ: $26729
Bitcoin: $62948

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📊 Key Events This Week:

1. July Housing Starts data - Tuesday

2. July Pending Home Sales data - Tuesday

3. Fed Meeting Minutes - Wednesday

4. August Philly Fed Manufacturing Index - Thursday

5. August S&P Global Services PMI data - Friday

6. August S&P Global Manufacturing PMI data - Friday

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🚨🚨 $1 TRILLION IN GLOBAL AI SPENDING THIS YEAR — GOLDMAN SACHS SAYS IT'S STILL NOT AT BUBBLE LEVELS

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🇺🇸 U.S. July deficit surges +48% year-over-year to a record $432 billion.

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🇦🇪🇮🇷 UAE Unfroze and Returned Billions of Dollars in Iranian Bank Assets.

​$3 billion transferred in June, plus 2 tonnes of Gold worth $283 million delivered in August.

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🚨🚨 A massive global food supply crisis could start next year because of fertilizer shortages, per JPMorgan.

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🚨🚨 Japan's four largest life insurers reported combined unrealized paper losses on domestic bonds surging to ¥15.13 trillion ($96 billion) through June 2026.

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🇺🇸 Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset.

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🇺🇸🇮🇷 Iran and the United States have reportedly agreed to extend the 60-day period of their agreement, according to Al Arabiya.

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🇺🇸 America's emergency oil reserve just fell to its lowest level since 1982.

The reserve now holds 293.4 million barrels.

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🇺🇸 U.S. 30-year bond yield hits highest level in 19 years.

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🇺🇸🇮🇷 TRUMP ON IRAN: THEY'RE NOT GOING TO MAKE THE KIND OF DEAL THAT I THINK IS NECESSARY - RTRS

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🚨🚨 Nvidia, $NVDA, has agreed to provide a more than $100 billion backstop for a massive new OpenAI data center in Ohio, per FT.

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🇨🇳 White House reveals Chinese President Xi Jinping will visit the United States from September 23 to September 25.

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🇺🇸 Wells Fargo has said the Fed will hike rates by 25 bps in 2026.

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