We bring you the hottest news of the week. Can you guess what’s going to happen?
It’s Tesla’s earnings announcement and Chairman Powell’s speech.
Then, the Magnificent Seven’s second quarter earnings season is about to heat up, with Tesla and Alphabet leading the way on July 23rd.
Attention is on the morning of the 22nd (local time), Chairman Powell will give a public speech at the bank conference and give hints about future monetary policy. Especially with the recent pressure from US President Donald Trump to dismiss him, attention is focused on how Chairman Powell will respond to this,
These events can have a significant impact on our economy and the cryptocurrency market. Let’s take a closer look.
Let’s start with the giant of the electric vehicle industry, Tesla. Their earnings announcement is an event that investors are eagerly awaiting. Because this announcement can affect the movement of Tesla’s stock price. In addition, Tesla CEO Elon Musk is an active supporter of Bitcoin. Therefore, his words and actions may also affect the cryptocurrency market.
Next, let’s take a look at the speech of Federal Reserve Chairman Jerome Powell. His words can shake the global economy. In particular, this speech is expected to touch on key economic points such as inflation and employment. These topics can affect policy interest rates and currency values, and ultimately affect the cryptocurrency market.
Other technology giants including Meta Platforms , Microsoft, Apple, Amazon.com and Nvidia are scheduled to report by the end of July to August.
These news items have a significant impact on the society in which we live and the markets in which we invest. Both Tesla’s earnings announcement and Chairman Powell’s speech are not to be missed. Let’s keep an eye on this week’s developments!
