Friday☕️

Trending:
- Middle East Activity
- Claude 3.5 Sonnet AI
Markets:
- Yesterday’s U.S. stock market:

- Today’s commodity market:

- Today’s crypto market:

Middle East Activity:
- Violence on the Lebanon-Israel border is intensifying, raising fears of a potential war between Israel and Hezbollah, an Iran-backed militia that controls much of Lebanon. Since October 7, both sides have been exchanging fire, displacing approximately 150,000 people across the border. Simultaneously, Israel is engaged in an ongoing military campaign in the Gaza Strip, facing tensions on two fronts as it deals with Hamas in Gaza and Hezbollah in Lebanon, both groups backed by Iran. The Israeli government has vowed to secure the area for its citizens' return.
- Last week, Israel killed a top Hezbollah commander, which led to the largest rocket barrage from Hezbollah since the conflict began. Hezbollah has been conducting daily strikes on Israel, declaring that they will continue until the conflict in Gaza ends. Israel, in turn, has vowed to eliminate the threat posed by Hezbollah and has approved a plan for an offensive against the group. On Tuesday, Hezbollah released drone footage of Israeli cities and military bases, further escalating tensions. Israel responded by confirming plans for an offensive aimed at destroying Hezbollah.
- In other news, on June 16, U.S. Central Command (CENTCOM) conducted an airstrike in Syria, killing Usamah Jamal Muhammad Ibrahim al-Janabi, a senior ISIS official and facilitator. This strike aims to disrupt ISIS's ability to plan and execute terror attacks. CENTCOM, along with its allies and partners, continues to conduct operations to degrade ISIS's operational capabilities and ensure its enduring defeat. There were no reported civilian casualties in this strike.
- Additionally, CENTCOM reported on June 20 that its forces successfully destroyed four Iranian-backed Houthi uncrewed surface vessels (USV) and two uncrewed aerial systems (UAS) in the Red Sea. These actions were taken to protect the freedom of navigation and ensure the safety of international waters for U.S., coalition, and merchant vessels, as these systems posed an imminent threat. No injuries or damage were reported among U.S., coalition, or merchant vessels.
Claude 3.5 Sonnet AI:
- On Thursday, Anthropic, a rising competitor to OpenAI, announced the launch of Claude 3.5 Sonnet, its most advanced artificial intelligence model to date. Claude, much like OpenAI's ChatGPT and Google's Gemini, has surged in popularity over the past year. Anthropic, which was established by former OpenAI research executives, boasts significant backing from tech giants such as Google, Salesforce, and Amazon.
- In the past year alone, Anthropic has secured about $7.3 billion through five distinct funding deals, underscoring the growing investor confidence in its technology. This announcement comes on the heels of Anthropic's release of the Claude 3 family of models in March, and follows OpenAI's introduction of GPT-40 in May. Claude 3.5 Sonnet, the latest addition to Anthropic's AI lineup, promises faster performance compared to its predecessor, Claude 3 Opus, and marks the debut of the new Claude 3.5 family of models.
- Claude 3.5 Sonnet is accessible for free on the company’s website, Claude.ai, and through the Claude iPhone app. Additionally, subscribers to Claude Pro and Team can utilize the latest model with higher rate limits. Anthropic highlighted that Claude 3.5 Sonnet demonstrates significant improvements in understanding nuance, humor, and complex instructions. The model excels at creating high-quality content with a natural and relatable tone, and is also proficient in writing, editing, and executing code.
Statistic:
- Largest financial service companies by market capitalization:
- 🇺🇸 JPMorgan Chase - $570.51B
- 🇺🇸 Visa - $559.85B
- 🇺🇸 Mastercard - $418.42B
- 🇺🇸 Bank of America - $312.73B
- 🇨🇳 ICBC - $253.86B
- 🇺🇸 Wells Fargo - $205.86B
- 🇨🇳 Agricultural Bank of China - $198.56B
- 🇨🇳 China Construction Bank - $187.03B
- 🇨🇳 Bank of China - $171.62B
- 🇺🇸 American Express - $165.59B
- 🇬🇧 HSBC - $165.15B
- 🇮🇳 HDFC Bank - $160.37B
- 🇺🇸 Morgan Stanley - $158.56B
- 🇺🇸 Goldman Sachs - $147.70B
- 🇨🇦 Royal Bank Of Canada - $146.28B
- 🇦🇺 Commonwealth Bank - $142.22B
- 🇺🇸 S&P Global - $137.27B
- 🇺🇸 Charles Schwab - $133.16B
- 🇯🇵 Mitsubishi UFJ Financial - $116.62B
- 🇺🇸 Citigroup - $115.93B
- 🇨🇳 CM Bank - $115.73B
- 🇨🇭 UBS - $100.11B
- 🇮🇳 ICICI Bank - $97.71B
- 🇨🇦 Toronto Dominion Bank - $95.03B
- 🇯🇵 SoftBank - $91.62B
- 🇮🇳 State Bank of India - $91.18B
- 🇺🇸 Fiserv - $88.01B
- 🇸🇦 Al Rajhi Bank - $84.30B
- 🇯🇵 Sumitomo Mitsui Financial Group - $83.56B
- 🇺🇸 Intercontinental Exchange - $78.64B
- 🇷🇺 Sberbank - $77.60B
- 🇺🇸 Moody's - $77.19B
- 🇸🇬 DBS Group - $74.64B
- 🇦🇺 National Australia Bank - $74.61B
- 🇪🇸 Santander - $73.90B
- 🇫🇷 BNP Paribas - $73.38B
- 🇮🇩 Bank Central Asia - $72.15B
- 🇺🇸 CME Group - $71.46B
- 🇮🇹 Intesa Sanpaolo - $67.91B
- 🇺🇸 Apollo Global Management - $67.38B
- 🇨🇳 Bank of Communications - $66.83B
- 🇬🇧 London Stock Exchange - $64.59B
- 🇨🇳 Postal Savings Bank of China - $64.08B
- 🇦🇺 Westpac Banking - $62.99B
- 🇺🇸 PayPal - $62.55B
- 🇨🇦 Bank of Montreal - $61.54B
- 🇺🇸 PNC Financial Services - $61.46B
- 🇺🇸 U.S. Bancorp - $61.31B
- 🇮🇹 UniCredit - $61.05B
- 🇦🇺 ANZ Bank - $58.11B
- 🇺🇸 Coinbase - $57.94B
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