Household Debt Hits a New High — $18.6 Trillion U.S. household debt has reached an unprecedented $18.59 trillion as of Q3 2025. Credit-card balances rose by $24 billion, bringing total card debt close to $1.23 trillion. Auto-loan 90+-day delinquencies hit 3.0% — a 15-year high. Serious

Ford Unveils Ambitious Cost Target for Next-Gen EVs Ford’s CEO announced that the company’s new electric-vehicle architecture will enable EVs at “about $5,000” in cost for the platform component — a dramatic move in the auto industry where EV production has long been cost-prohibitive. This signals aggressive scaling,

Trump Signs “Genesis Mission” to Boost AI-Based Science President Trump has signed an executive directive initiating a major government science effort called the “Genesis Mission,” positioning artificial intelligence as the centerpiece of scientific discovery and federal bureaucracy reduction. The initiative mandates an overhaul of how agencies use AI for research,

College Grads Make Up a Record Share of Unemployment Data shows that Americans holding a bachelor’s degree now constitute 25% of all unemployed workers — the highest share on record. Growth in white-collar hiring has slowed sharply, even as unemployment rates for degree-holders climbed to around 2.8% in September.

White House Abruptly Blocks GDP Release The White House halted the scheduled publication of a key GDP report, a rare move that immediately drew scrutiny from economists, lawmakers, and investors. According to reporting, the administration intervened directly, preventing the release of quarterly growth data that agencies typically publish on a

Waller Signals December Rate Cut — But January Holds Uncertainty Waller indicated that a quarter-point rate cut at the Fed’s December 9–10 meeting is “appropriate,” citing ongoing labor-market weakness and cooling inflation. However, he emphasized that January will bring a flood of delayed economic data due to the 43-day

AI’s Big Warning: Entry-Level Jobs Are At Risk Dario Amodei of Anthropic issued a stark prediction: AI may eliminate roughly half of all entry-level white-collar jobs within the next one-to-five years, potentially pushing unemployment into the 10 %-20 % range. He emphasized that although AI has massive upside, the risk

The Headline: “$2,000 Checks?” — Then Reality Hits Treasury Secretary Scott Bessent offered a reality check on the promise of $2,000 checks funded by tariffs: legislation is required, and the payout may not come as a direct check. Instead, it could take the form of tax cuts or credit

The Headline Trump’s proposal to distribute $2,000 checks to middle-income Americans—financed via tariff revenues—is running into significant hurdles on Capitol Hill. Republican lawmakers, wary of inflation and budget deficits, are far from onboard. Congressional approval is required, and the math doesn’t add up: projected cost

Government Cuts, Quiet Fade-out The Department of Government Efficiency (DOGE) — launched to overhaul federal spending and workforce — has reportedly been dissolved ahead of schedule. The initiative, frequently linked to Elon Musk’s fresh government role and massive cost-cutting targets, oversaw job reductions, agency purges and contract cancellations. But DOGE’s

Global Capital Is Realigning — and Markets Know It Saudi deployment into global assets could mean: * More liquidity chasing U.S. technology and infrastructure * Potential support for higher equities valuations * Competitive pressure in private and public investment arenas * A new heavyweight buyer that can move markets simply by reallocating capital This

Japan Unveils Massive Stimulus Package Japan’s government approved a ¥21.3 trillion (approx. $135.4 billion) fiscal stimulus—the largest since the pandemic—aimed at reviving growth, easing inflation pressure, and bolstering national investment. The breakdown: ~¥17.7 trillion in spending + ~¥2.7 trillion in tax cuts. Measures include

Gen X at Risk: AI Isn’t Just for Entry Level New commentary highlights that Gen X (born ~1965-1980) may become one of the first major generations forced into early career reinvention, thanks to accelerating artificial intelligence adoption. The article argues many workers in mid-career management, operations, and support roles

California Floats a 5% Wealth Tax on 200 Billionaires California lawmakers are considering a one-time 5% wealth tax on the state’s ~200 billionaires — a move that could raise up to $100 billion to stabilize funding for healthcare, education and public services. Supporters call it a high-impact way to close

Gen Z Is Banking on an Inheritance A recent survey finds that many young Americans — especially among Gen Z — expect to receive significant inheritances. Key stats: * Roughly 38% of Gen Z anticipate inheriting money and assets. * Yet, only about 22% of Baby Boomers say they plan to leave an inheritance.

The New Migration: Middle-Income Americans Seek Life Abroad A growing number of middle-class Americans—once fixed domestically—are relocating or planning long-term stays overseas. Factors driving the move include high U.S. housing costs, inflation, tax concerns and the rise of remote/hybrid work. International living offers lower cost of

The Housing Report That Should Worry Traders The NAR’s 2025 “Profile of Home Buyers and Sellers” reveals two headline-grabbing metrics: * First-time buyers now represent only 21% of home purchases — the lowest share since the survey began in 1981. * The median age of a first-time homebuyer has climbed to 40

The Crisis: 1.2 Million Graduates, Just 17,000 Roles In the UK, the job market for recent graduates is hitting a brutal inflection point: approximately 1.2 million fresh grads are vying for only about 17,000 open graduate-level roles in the 2023/24 cycle. Fortune+2inkl+2 That’

Heads Up: Trump Labels Democrats’ Military Message “Seditious, Punishable by Death” Trump slammed six Democratic lawmakers — all with military or intelligence backgrounds — after they released a video telling U.S. service members to refuse any “illegal orders.” He branded their message as “seditious behaviour … punishable by death!” and called them

Trump Administration Rolls Out Massive Education Department Overhaul The Trump administration has proposed one of the most aggressive restructurings of the U.S. Department of Education in decades. The plan would significantly reduce federal oversight, redirect authority to states, cut or consolidate major programs, and reshape student-aid operations. It’s

What just happened * Larry Summers, the former Treasury Secretary and ex-President of Harvard University, announced he would step away from many public commitments after newly released emails showed his continued correspondence with convicted sex-offender Jeffrey Epstein. * Harvard revealed it will conduct an internal review of his ties to Epstein and