Anna's Daybreak News

Good morning news friends! Get ready to navigate the news terrain with our radar-like precision, pinpointing the most intriguing stories and captivating headlines that will keep you in the loop and ahead of the game.⚡

• Tesla has fast-tracked closed-door talks with the Indian government to invest in the country.


• China's BYD, Tesla's largest rival in electric vehicles, has been stopped cold by increased scrutiny from New Delhi.


• India is worried about the national security implications of Chinese-made vehicles and the data they could collect.


• Tesla has a clear advantage over BYD in the race to win in India's fast-growing EV market.


• It looks like the future of EV's is in India's hands, and Elon Musk has put himself in the driver's seat!
Source: Read More

• Brazilian Central Bank cut rates by 50 basis points, more than 25 basis points estimated


• President Lula has been advocating for lower borrowing costs for months


• Four members of the board voted for the smaller, quarter-point cut


• The decision to now ease borrowing costs for businesses and households has opened a flood gate of economic growth potential in Brazil


• Brazil's central bank is now a driving force for economic development, amplifying President Lula's dream of a prosperous Brazil.
Source: Read More

• Fitch downgraded the United States to AA+ from AAA.


• U.S private payrolls beat expectations in July


• Major indexes down: Dow 0.98%, S&P 1.38%, Nasdaq 2.17%, the biggest drops since April 25


• Rate-sensitive megacap stocks, such as Tesla and Apple


• Yield on U.S 10-year Treasury notes rose to its highest in nearly nine months


• Wall Street showing signs of sluggishness as investors take a breather from the five month rally – it's recession-filled season
Source: Read More

• US consumer spending exceeds savings and income, but real income growth is now slower than pre-pandemic trend.


• A report from the Brookings Institution suggests consumer spending habits may soon change as they run out of cash.


• Covid government support payments and forced inactivity have caused Americans to keep their spending habits from pre-pandemic.


• Real income growth is now slower than the pre-pandemic trend.


• Consumers are currently unable to keep up with their 2021 spending habits.


• It looks like Uncle Sam's wallet is about to take a hit - hope you stocked up in time!
Source : Read More

Baked with love,

Anna Eisenberg ❤️