Markets

Michael Burry Fires Back at Trump: ‘Shoots From the Hip’ for Cronies

Michael Burry hit back at President Trump after Trump mocked short sellers, saying Trump makes money for himself and his cronies better than anyone. Here is the trade angle.

Politics

Howard Lutnick's Role in Overturning Balogun's FIFA Red Card

Commerce Secretary Howard Lutnick played a key role in overturning Folarin Balogun's FIFA red card, allowing him to play against Belgium.

Politics

Trump DOJ Tells ICC: No Jurisdiction Over Americans, No Cooperation

The Trump DOJ told the ICC that the US will not cooperate with any investigations and rejects the court's jurisdiction over Americans, citing the Rome Statute and the 2002 Servicemembers' Protection Act.

Macro

Trump’s Signature Hits New U.S. Paper Currency for America’s 250th

The Treasury and Trump administration unveiled new U.S. paper currency featuring President Trump’s signature for America’s 250th birthday, a first for a sitting president.

AI

Bain: AI Investments Are a ‘Circular Bet’ as ROI Disappoints

Bain says 40% of companies tracking AI spend saw cost savings under 10%, and 44% are funding the next wave from prior returns that never fully materialized, calling it a circular bet with a structural leak.

Markets

Long-Term Unemployment Surges in the U.S.

Long-term unemployment in the U.S. is rising, with average weeks unemployed reaching 24.1, the highest since April 2022.

Markets

Americans’ Wealth Is More Tied to Stocks Than Ever, a Record High

A record share of American household wealth is tied to the stock market, with stock holdings hitting an all-time high of household financial assets. Economists warn the exposure is a red flag.

Politics

Trump: My Kids Have ‘Inside Information’ Because of My Presidency

Trump told CNBC his children have ‘inside information’ due to his presidency, as new disclosures show $2.2B in 2025 income and more than 21,000 trades tied to the family.

AI

AI Layoffs Aren’t Paying Off, Gartner Study Finds

A Gartner survey of 350 executives finds AI-driven layoffs aren’t generating the returns companies expected — firms cutting the most posted nearly identical results to those cutting the least.

Macro

Gold overtakes US Treasuries as top global reserve asset: ECB

The ECB confirmed gold has overtaken US Treasuries as the world's top reserve asset, hitting 27% of global central bank holdings versus 22% for US debt at the end of 2025.

Macro

College-Educated Dads Cut Office Hours for Home Time, per WSJ

Per WSJ, college-educated dads have cut paid work by six hours per week since the pandemic and added four hours of housework, narrowing a gender gap that had stalled for two decades.

Markets

Healthcare and Social Assistance Drive U.S. Job Growth

Healthcare and social assistance sectors have been the primary drivers of U.S. job growth, accounting for nearly all net gains over the past year.

Markets

Young America is trending socialist

A Financial Times report highlights a growing socialist trend among young Americans, potentially impacting market dynamics and investment strategies.

Markets

Americans' Credit Card Debt Hits $1.25 Trillion Amid Rising Delinquencies

U.S. credit card debt surpasses $1.25 trillion, with rising delinquencies impacting issuers like Visa, Mastercard, and American Express.

Markets

Remote Work Drives 64% of Unemployment Rise Among Young Grads

Remote work accounts for 64% of the increase in unemployment among young college graduates, per the Federal Reserve Bank of New York.

Geopolitics

Putin and Trump Discuss Ukraine and NATO in 85-Minute Call

Putin and Trump held an 85-minute call discussing Ukraine and the upcoming NATO summit, with potential market implications.

Politics

Kamala Harris Engages Progressives Amid 2028 Speculation

Kamala Harris is engaging with progressive leaders, including NYC Mayor Zohran Mamdani, signaling preparations for a potential 2028 presidential run.

Macro

Social Security Seven Years From Insolvency, 24% Benefit Cut Looms

Social Security’s retirement trust fund is roughly seven years from insolvency, with a 24% automatic benefit cut projected for late 2032 unless Congress acts.

Markets

US High School Students Face Toughest Summer Job Market Since 1948

US high school students are encountering the most challenging summer job market since 1948, with teen employment projected to drop to historic lows due to economic factors.

AI

Zuckerberg: AI agent development hasn’t accelerated as expected

Meta CEO Mark Zuckerberg told staff AI agent development hasn’t accelerated as expected and the reorg bets haven’t paid off yet, with results promised in three to six months.

AI

Employers who cut jobs for AI are already regretting it, per CNBC

CNBC reports 55% of business leaders regret AI-driven layoffs, with Ford, IBM and CBA rehiring humans after automation fell short. The reversal is pressuring the AI productivity narrative.

Politics

Trump: My kids have ‘inside information’ on almost anything they buy

Trump told CNBC his children have ‘inside information’ on almost anything they buy, from trucks to cupcakes, as fresh family financial disclosures draw scrutiny.

Politics

Trump Says Independent Funds Manage His Investments While President

Trump said outside institutions run his money after a 2025 disclosure showed $2.24B in revenue and roughly 3,700 trades tied to names like NVDA, PLTR and defense primes.

Markets

US Home Sellers Slash Asking Prices as Housing Weakness Deepens

US home asking prices dropped 2.5% year over year in June, the steepest annual decline in Realtor.com data going back to 2017. Sellers are capitulating as elevated mortgage rates weigh on buyer demand.

AI

UBS: 60% of Companies Are Already Curbing AI Spend

UBS says 60% of companies tracking AI budgets are already curbing spend and shifting to cheaper Chinese open-source models. The pricing gap is reshaping enterprise AI, and it puts pressure on OpenAI and Anthropic ahead of their IPOs.