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🗓️ July's Biggest Stories: Why This Decision May Just Have Cost Trump the Election

Plus, why Bezos is selling billions of Amazon stock and more

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Happy August Zingernation! July was one heck of a month - the election got turned upside down, the Fed signaled interest rates are about to start coming down, the market rally started showing cracks…

That’s why we’ve prepared a round-up of the biggest, most important news stories from July that you need to know about. Enjoy!

JULY’S TOP ELECTION STORY

Since President Biden’s poor debate performance against former President Trump in June, Trump became the favorite to win among experts and pollsters alike.

Then, even before Biden dropped out and Vice-President Harris became the Democratic nominee, Trump made one key decision…

A decision that’s now haunting his campaign, with analysts and pollsters saying his chances of winning dropped drastically.

PRESENTED BY WORLD COPPER

Thanks to green energy and electric vehicles copper is having a resurgence. So much that by 2035 there will be an annual deficit of as much as 22 billion pounds of copper, by some estimates.

That plays into World Copper Ltd.'s (OTCQB: WCUFF) strengths. The Vancouver-based miner operates the Zonia mine in copper-rich Arizona. The mine not only has the potential to produce hundreds of tons of copper but the company recently found what could amount to over 14 million tons of historically mined material available for re-processing.

"The prospect of re-processing historically mined mineralized material would add more value and provide additional upside to the Zonia Project, and it is a unique potential value opportunity,” said Gord Neal, CEO of World Copper. “In mining projects, any opportunity to start production early and to generate revenue right from the start of the operations can greatly improve the economics of the project, increasing the net present value (NPV) and reducing the financing needs.” To learn more about the company and its mining process click here.

JULY’S TOP MARKET STORY

An SEC filing revealed that Amazon.com (AMZN) founder Jeff Bezos is set to sell $4.93 billion worth of shares in his company, after selling $8.5 billion in February.

After retiring from his position as CEO in 2021, Bezos has been executive chair of Amazon and has been spending more time on other ventures. That includes his space company Blue Origin, where he might be looking to put some of this money.

But rumor has it he might instead be looking to spend on something completely different - buying a major sports team.

PRESENTED BY CALEB & BROWN

The Bank of Canada (BoC) and European Central Bank (ECB) recently cut interest rates, raising expectations of similar actions by the Federal Reserve (Fed). The Fed adjusts interest rates to manage inflation and employment, raising rates to curb inflation and cutting them to boost the economy. From March 2022 to July 2023, the Fed raised rates 11 times due to high inflation.

With inflation now down, the possibility of quantitative easing, which involves reducing rates and increasing the money supply, is growing. Lower interest rates can positively impact cryptocurrencies by stimulating the economy, encouraging investment, and increasing demand for riskier assets like crypto.

Historically, Bitcoin prices surged during periods of low rates but dropped significantly when rates were raised. Investors seeking exposure to crypto can turn to Caleb & Brown, which offers personalized service, a wide range of crypto assets, and expert guidance to navigate the cryptocurrency market.

Click here to learn more about Caleb & Brown.

JULY’S TOP MEMESTOCK STORY

Chewy Inc. (CHWY) founder Ryan Cohen, whose social media posts often send memestocks soaring, posted a single word 665 times on Elon Musk’s X.

But this time, it didn’t seem related to Gamestop Corp. (GME), AMC (AMC), or other memestocks - though their shares did go up as the news spread.

PRESENTED BY LI-FT POWER

Li-FT Power could be strategically positioned to lead North America's lithium market with its flagship Yellowknife Lithium Project and promising exploration projects in Quebec and the Northwest Territories. The company's extensive drilling and exploration activities highlight significant lithium resources, which are crucial for the electric vehicle and clean energy sectors. With the North American lithium market poised for growth, driven by increasing demand and supportive government policies, Li-FT's initiatives place it at the forefront of this transformative period.

To learn more about Li-FT Power Ltd.'s projects and potential, visit www.li-ft.com.

JULY’S TOP CHIP STORY

Former President Trump suggested that Taiwan should pay the U.S. for its protection against China, raising questions about the future of the island’s independence, and sending shares of Taiwanese chip giant TSMC (TSM) down 8%, and other AI and chip companies down with it.

As experts point out, any Chinese attack on Taiwan would immediately halt the global chip industry, which would spell disaster for every part of the U.S. economy.

PRESENTED BY REDHILL BIOPHARMA

More than half a million Americans are living with Crohn’s Disease, a chronic and often painful digestive disease. As of 2023, the Crohn's Disease treatment market was valued at $13.3 billion. RedHill Biopharma (RDHL) may have opened up a whole new treatment avenue.

The company just announced the new publication of ground-breaking Phase 3 study data showing that RHB-104 plus standard of care (SoC), targeting Mycobacterium avium subspecies paratuberculosis (MAP), was 64% more effective than SoC alone, meeting the study’s primary endpoint with high statistical significance and supporting the paradigm-changing hypothesis linking the disease to a specific infectious agent.

To read more about this data, click here!

JULY’S TOP RETIREMENT STORY

The Internal Revenue Service and Treasury Department have released final regulations updating required minimum distribution (RMD) rules for beneficiaries under the 10-year rule.

These regulations, stemming from the SECURE and SECURE 2.0 Acts, confirm that most IRA beneficiaries must take distributions annually over the 10-year period following the account holder’s death.

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