Hollywood Faces ‘Total Collapse!

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💰 Fed Considers Additional Rate Hike Post Anticipated Rise This Month

Federal Reserve is set to raise interest rates this month, open to further hikes as the year progresses due to persistent inflation. Despite a decrease in price pressures last month, Fed officials remain cautious, avoiding a repeat of the 1970s inflation scenario. “It’s really too early to say that we’ve declared victory on inflation,” said San Francisco Federal Reserve Bank President Mary Daly. Investors expect the upcoming hike to be the last, with some optimism for a "soft landing" of the economy, balancing inflation without causing a recession.

📉 U.S. Treasury Yields Dip as Investors Eye Economy's Future

US Treasury yields dropped as investors evaluated the economic outlook and Federal Reserve's monetary policy. The 10-year yield was at 3.787% and the 2-year yield was at 4.725%. Recent data showing easing inflation pressures are expected to influence Fed's policy decisions. With 10 rate hikes already implemented in 2022, another increase is anticipated this month.

🤝 Tunisia and EU Ink Deal to Fight Human Trafficking and Bolster Economy

EU and Tunisia have finalized a deal aimed at combatting irregular migration and enhancing economic ties, in response to the significant increase of migrants and refugees trying to reach Europe from Tunisia. European Commission President, Ursula Von der Leyen, stated the agreement is an investment in "shared prosperity and stability." The EU will work with Tunisia on an anti-smuggling partnership and border management, pledging 100 million euros for these initiatives.

🌍 Putin Threatens Use of Cluster Bombs in Ukraine

President Vladimir Putin announced that Russia holds a "sufficient stockpile" of cluster bombs, threatening their use if such munitions were used against Russian forces in Ukraine. This follows Ukraine's statement about receiving cluster bombs from the U.S., its primary military supporter. Cluster bombs are widely banned due to their indiscriminate destruction and long-term risks. Putin warned, "If they are used against us, we reserve the right to take reciprocal action."

🎮 Sony and Microsoft Forge 10-year Alliance for Call of Duty

Sony has agreed to a 10-year deal with Microsoft to keep Call of Duty on PlayStation, ending a bitter feud over the game's exclusivity. The agreement, confirmed by Xbox's head of global communications, is only for Call of Duty. The agreement comes after Sony's fears that Microsoft could make Call of Duty exclusive to Xbox or hinder the PlayStation versions. Xbox Chief Phil Spencer has consistently maintained that Call of Duty will remain on PlayStation, arguing it's financially impractical to remove the game from Sony's consoles.

🤖 Trillion Dollar AI Investment Poised to Create 'Greatest Bubble', Warns CEO

AI represents a $1 trillion investment opportunity but will also form the "biggest bubble of all time," according to Stability AI CEO Emad Mostaque. He suggests that while AI holds vast potential, it's still in early development stages and not yet ready for large-scale deployment. Mostaque warned that companies not leveraging AI appropriately will be "punished" by the stock market, asserting, "This will be one of the biggest investment themes over the next few years."

🎬 Warning: Hollywood Faces ‘Total Collapse’ Without SAG and WGA Deal by September

Ex-CEO of Paramount and 20th Century Fox, Barry Diller, warned that Hollywood could face "absolute collapse" if the current SAG-AFTRA and WGA strike isn't settled by September 1. Diller cautioned that prolonged strike action could cause a drop in content, leading to decreased revenues and subscriptions. He also suggested a 25% pay cut for both top-paid actors and executives as a good-faith measure, while dismissing fears of AI replacing human actors and writers.

🏀 Stephen Curry Clinches American Century Championship with 18th Hole Eagle

Golden State Warriors star Stephen Curry won the American Century Championship, his first celebrity golf tournament victory. He secured the win with an 18-foot eagle putt on the final hole, finishing with 75 points under the modified Stableford scoring system. Former pro tennis player Mardy Fish came second with 73 points. Curry, an amateur golfer, will donate his $125,000 first-place prize to charity.

🎾 Alcaraz Triumphs over Djokovic in Wimbledon’s Riveting Comeback Win

Carlos Alcaraz, the 20-year-old Spanish tennis star, won his first Wimbledon title in an impressive comeback against the favored Novak Djokovic. Alcaraz, the youngest Wimbledon champion since 1985, ended Djokovic's bid for a calendar Grand Slam with a 1-6, 7-6 (6), 6-1, 3-6, 6-4 victory. "Beating Novak at his best, in this stage, making history, is amazing for me," Alcaraz said, signaling a new era in tennis.

🔥 US Air Quality Plummets as Canadian Wildfires Rage On

Canadian wildfires are affecting air quality for nearly 60 million US residents, with 11 states including Montana, New York, and Illinois, issued alerts. Governor Kathy Hochul said New York was now under a full health advisory due to the smoke, with emergency notifications activated. Triggered by 400 fires in British Columbia, the smoke plume is predicted to move eastward, affecting the Northeast. The wildfires have already caused two fatalities among firefighters. Canada's fire season is its worst on record, with over 24 million acres burned.

🗳️ Texas Ranks Lowest in Abortion and Voting Rights by CNBC

Texas has been labeled the worst U.S. state to live in by CNBC, citing recent laws prohibiting diversity equity and inclusion in state-funded education, banning transgender healthcare for minors, and restricting abortions. Despite attracting many new residents with economic opportunities, the state's high uninsured rate, low number of primary care physicians, high crime rate, and laws impacting LGBTQ+ rights and voting rights have led to a poor quality of life ranking.

☀️ Intense Heat Wave Approaches Peak: Live Weather Updates

A historic heatwave has gripped the US, with nearly 100 million people under air quality alerts due to smoke from Canadian wildfires. The heatwave has led to record-breaking temperatures, with Death Valley hitting 128 degrees, just shy of the highest temperature recorded worldwide in the past 90 years. The heatwave is predicted to slowly ease in the West but intensify in the south-central and southeastern US. This heatwave has resulted in numerous wildfires, contributing to poor air quality.

🎶 Iconic Singer and Fashion Muse, Jane Birkin, Dies at 76

Jane Birkin, iconic British actress, singer, and namesake of Hermès' Birkin bags, died at 76 in Paris. Known for defining chic female sexuality in the 1970s through European cinema and her relationship with singer Serge Gainsbourg, Birkin later became renowned for inspiring a luxury handbag line. French President Emmanuel Macron acknowledged her as a "French icon". Birkin also made significant contributions to music, notably her collaboration with Gainsbourg on the hit song "Je t’aime… moi non plus".

Taking a trip down memory lane to this day in 1955, we encounter a historic moment - the birth of Disneyland in Anaheim, California. Unveiling a world where fairy tales sprung to life and childhood dreams came true, Walt Disney forever changed entertainment. This enduring monument to imagination continues to captivate hearts and ignite joy worldwide.

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