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BREAKING: Japan's exports surged 19.3% YoY in June, while imports jumped 25.4%, marking the strongest growth since November 2022. Japan recorded a ¥406.9 BILLION ($2.5 BILLION) trade deficit as import growth outpaced exports.

JUST IN 🚨: South Korean Stocks blasting 🚀 🚀

The AI boom is creating a generational divide in software jobs: US software developer employment for those aged 22-25 has declined -23% since November 2022, when ChatGPT was launched. At the same time, the 26-30 age group has seen a decrease of -5%. By comparison, employment among software developers aged 41-49 has risen +18% over the same period. This creates a 41 percentage point gap between the youngest and one of the most experienced groups within the same profession. Meanwhile, early-career workers in the most AI-exposed jobs have experienced a -16% decline in employment relative to less-exposed occupations and more experienced peers since November 2022, even after adjusting for firm-specific shocks. By contrast, employment among workers in less AI-exposed fields, as well as more experienced workers within the same occupations, has remained steady or continued to grow. The AI revolution is wiping out entry-level tech jobs.

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JUST IN 🚨: China's government just pumped 13.8 Billion Yuan ($2 Billion USD) into their largest ETF tracking semiconductor stocks, the fund's largest inflow in history 🤯 👀

Oracle $ORCL has now collapsed by more than 50% since June 📉 📉

The South Korean and US AI trades are becoming increasingly synchronized: The 60-day correlation between the KOSPI and Nasdaq 100 index is up to +0.46, the highest since July 2024. This marks a sharp reversal from a negative correlation of -0.20 recorded in March. By comparison, the 5-year average is just +0.16 or nearly one-third the 60-day metric. Furthermore, the Nasdaq 100's sensitivity to declines in South Korean stocks is up to its highest level since 1990. At the same time, the MSCI World Index's sensitivity to the South Korean market is up to its highest in 4 years. In other words, declines in South Korean equities are increasingly serving as an early read on US and global equity risk appetite, particularly in technology stocks. The AI trade has never been more global.

432 Linux kernel CVEs published in the last 24 hours

BREAKING: U.S. head of AI safety resigns just three months after being appointed.

Venice Way and Main Street Flooded After Water Main Break. Residents described a loud pop followed by a sudden rush of water, with some areas seeing flooding up to five feet deep

The biggest volcanic eruption ever seen from space, captured by two different satellites on January 15, 2022.

BREAKING: Oil is down -3% in the last 1.5 hours as Secretary Rubio signals that Iran wants to negotiate.