Plutus Market News @PlutusFED
Stock/Economic/Market/Crypto news and current events in the world. Stay up to date with the fluctuating market conditions. Not financial advice. Joined November 2021-
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While we’re on the topic of #CBDC’s
Next FOMC meeting is July 26…
Gen Z workers surveyed by the Transamerica Center for Retirement Services estimate that they will need $250,000 by the time they retire to feel “financially secure.” Do you agree? Source: TCRS
Tesla, $TSLA, has began offering 7 year auto loans to customers in response to rising interest rates.
BREAKING: A #Ukrainian drone strike hits ammunition depot in #Russia-annexed Crimea killing and injuring civilians and journalists, and forcing the evacuations of nearby homes, as per AP.
A #Powerball ticket sold in Los Angeles, California, has won the estimated $1 Billion dollar jackpot.
AAA has stopped renewing some #Florida properties citing 2022 hurricane season as a cause. This comes a week after Farmers Insurance made the decision to pull out of the state.
#Tesla co-founder JB Straubel’s battery recycling start-up, Redwood Materials, is in talks to raise $700 million. If the deal goes through it would value the company at $5 billion, as per Financial Times.
Johnson and Johnson’s, $JNJ, must pay $18.8 million to a #California man who states he developed cancer from exposure to its baby powder, as per Reuters.
#Singapore’s passport is now the most powerful in the world. Holders of a Singapore passport are allowed visa-free entry to 192 destinations out of 227.
UK #Inflation Rate (YoY) for June: 7.9%, Previous: 8.7%, Estimate: 8.2%
Over 100 more former and current McDonald's workers have come forward to allege they faced harassment and bullying at the chain, following a BBC investigation.
Bank of America, $BAC, CEO Brian Moynihan states, "we continue to see a healthy US economy that is growing at a slower pace, with a resilient job market."
Tesla, $TSLA, directors will return $735 million to the company to settle claims they grossly overpaid themselves, per CNN.
Pharmaceutical company, Novartis, $NVS, announces that it will initiate a buyback of up to $15 billion in shares by the end of 2023.

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