Markets

“There's Still No Sign of AI Boosting Overall US Productivity,” Per Apollo

The Spending Is Real, the Productivity Is Not "There's still no sign of AI boosting overall US productivity," per Apollo. The assessment comes from Apollo Global Management's economics team, which has tracked the gap between the enormous capital spending on AI infrastructure and the

Politics

Massie Says He Will Get the Epstein Transparency Act Signed With the New House

A Promise From the Bill's Own Sponsor Representative Thomas Massie says he will get the Epstein transparency act signed now with the new House. Massie has been the Republican face of the disclosure push, co-sponsoring the legislation to compel release of the federal Epstein files and working

housing

Californians Approve Homebuying Assistance Program With 3% Down, Per NYP

3 Percent Down, Approved by Voters Californians have approved a new homebuying assistance program that will let people purchase newly built homes with just 3 percent down instead of the standard 20 percent, according to the New York Post. The program is aimed at newly built homes specifically, which ties

Markets

Mystery Seller Tries to Dump $500 Million in Data Center Loans at Once, Per Bloomberg

A Half-Billion-Dollar Exit, All at Once A mystery seller is trying to dump about $500 million in data center loans all at once, according to Bloomberg. The anonymous seller is auctioning a dozen loans. Among them is a $25 million piece of financing for a huge Stargate site

Politics

Rubio Discussing Resigning as Secretary of State With White House Officials, Per Bloomberg

Resignation Talks at the State Department Secretary of State Marco Rubio is discussing resigning from the Trump administration with White House officials, according to Bloomberg. Rubio has reportedly not made a final decision. The consideration is being driven by the Republicans' sweeping midterm losses, in which Democrats took control

Politics

Paul Graham: Now We'll Finally Learn What's in the Epstein Files

"It's Time" Paul Graham, the co-founder of Y Combinator, has said the public will now finally learn what is in the Epstein files, arguing that Mike Johnson is no longer in a position to shut down the House to prevent votes on measures to force

Politics

California Voters Appear to Reject One-Time 5% Billionaire Tax, Per NYT

The Measure Is Falling Short California voters appear to have rejected a ballot measure that would have imposed a one-time 5 percent tax on individuals and trusts with more than $1 billion in assets, according to The New York Times. The revenue from the tax was allocated to fund

Politics

Massie Plans to Trigger House Vote to Impeach Hegseth Next Week, Per CNN

The Vote Is Coming Next Week Representative Thomas Massie of Kentucky plans to trigger a vote to impeach Defense Secretary Pete Hegseth when Congress returns next week, according to CNN. Massie filed eight articles of impeachment against Hegseth in September. A privileged resolution would force the full House to take

Politics

Trump Told Aides Stephen Miller Has Gone Too Far on Immigration, Per WSJ

A Rift at the Center of the Deportation Program President Donald Trump has told aides that Stephen Miller, his deputy chief of staff and the architect of the administration's immigration crackdown, has gone too far, according to The Wall Street Journal. The private criticism reportedly followed complaints from

Iowa

Iowa Democrat Who Quit His Race Over Health Issues Still Wins State House Seat, per NYT

A Winner Who Was Not Running An Iowa Democrat who dropped out of his race in September over health issues still won his State House seat comfortably, according to the New York Times. Eric Armstrong ended his campaign months before Election Day. His name stayed on the ballot, and voters

israel

Netanyahu Officially Loses Majority as Israel Certifies Election Results

The Result Is Now Official Benjamin Netanyahu has officially lost his majority in Israel's election, as Israel's Central Elections Committee has certified the results of last week's general election. The committee certified the results after finding no evidence of fraud, closing off the last

Trump

Trump Asking Advisers Whether Hegseth Should Remain Defense Secretary, Per CBS

A Question Circulating in the West Wing President Trump has been asking his advisers if Defense Secretary Pete Hegseth should remain in his job, according to CBS. The report does not say a decision has been made. But a president floating the question the day after a midterm defeat, in

JD Vance

JD Vance Says Republicans Lost Because of the Iran War, Cost of Living and Israel Relationship

The Vice President's Diagnosis Vice President JD Vance has said that Republicans lost the midterm elections because of the war in Iran, the cost of living, and the GOP's relationship with Israel. It is an unusually direct admission from the sitting vice president, delivered the day

healthcare

Average US Family Health Insurance Premium Hits $28,000, Per KFF

A Premium That Never Stops Climbing The average US family health insurance premium has reached $28,000 a year, according to KFF's annual survey of employer health benefits. That is up 387% since 1999, a rise of roughly 6% a year. Over the same period, general inflation ran

Trump

Trump Says Iran War Was Partially to Blame for Republican Midterm Losses, per WSJ

Trump Points to the War President Trump has said that the war in Iran was partially to blame for widespread Republican losses in the midterm elections, according to the Wall Street Journal. The admission aligns the president, at least in part, with his own vice president. JD Vance's

democrats

Democrats Are Now the Majority in Both the US House and US Senate

A Sweep of Both Chambers The Democrats are now the majority party in both the United States House of Representatives and the United States Senate. The November 3 midterms delivered a full sweep. Democrats flipped the Senate, where Republicans had held a 53 to 47 edge, winning seven seats to

Robert Garcia

Democratic Congressman Robert Garcia Says "Lawyer Up" as Democrats Take the House

"Lawyer Up": Garcia Signals What Is Coming Democratic Congressman Robert Garcia has posted a short message with a long shadow: "LAWYER UP." Garcia is the top Democrat on the House Oversight Committee, the panel that serves as the House's main investigative arm. With Democrats

North Carolina

North Carolina Voters Approve Amendment Requiring Photo ID for All Voters

North Carolina Locks Photo ID Into Its Constitution North Carolina voters have approved a constitutional amendment requiring photo identification for all voters in the state. The vote settles one of the longest running election fights in the country. North Carolina's photo ID rules have been passed, blocked, revived

Politics

Virginia Voters Approve Removing Same-Sex Marriage Ban; Ohio Voters Approve Voter ID Requirement

Virginia Acts on Marriage Ban Virginia voters have approved Question 2, removing the state's same-sex marriage ban. The ban had remained on the books even though same-sex marriage has been legal nationwide since the Supreme Court's Obergefell decision, and it could have become enforceable

AI Stocks

JPMorgan Says an AI Stock Dip After a Democratic Sweep Would Be a Buying Opportunity

JPMorgan: Buy the AI Dip JPMorgan says any dip in AI stocks following a Democratic sweep in the midterms would be a buying opportunity. The bank expects AI spending to remain strong through 2028 no matter who wins, arguing that the data center and chip buildout is driven by corporate

Politics

West Virginia Voters Approve Amendment 1: Require Citizenship to Vote, per NBC

Amendment 1 Passes in West Virginia West Virginia voters have approved Amendment 1, a state constitutional amendment requiring citizenship to vote, according to NBC. The measure writes the citizenship requirement directly into the state constitution, moving it beyond ordinary statute and making it harder to change without another statewide vote.

Politics

Democrats Win Control of the US House, per DDHQ

Democrats Take the House Democrats have won control of the US House of Representatives, according to DDHQ. The call caps a midterm election night that also saw Democrats flip the Senate to a 54-46 majority, giving the party full control of Congress heading into the second half of the

bill ackman

Bill Ackman Says the Stock Market Is "Broken," CNBC Reports

Ackman's Verdict: "Broken" Bill Ackman has said that the stock market is "broken," according to CNBC. The Pershing Square founder is one of the most outspoken investors in public markets, and his market-structure critiques have become a recurring feature of his public commentary

s&p 500

S&P 500 Near Record High, Yet 60% of Its Stocks Are in a Bear Market, Goldman Says

A Record-Chasing Index on a Narrow Base The S&P 500 is within about 3% of its record high, yet 60% of its stocks are in a bear market, according to Goldman Sachs. A handful of giant stocks are holding the index up while most of the market

iran

Israel Claims Iran Is Weighing Chemical Weapons Use, Drawing Skepticism

A Claim Washington Is Not Endorsing Israel has claimed that Iran is weighing chemical weapons use, according to the New York Times. The claim has drawn skepticism from US and Gulf officials. That split matters. Chemical weapons accusations have historically been the kind of claim used to build the case