Markets

Nasdaq Gets SEC Green Light for Overnight Trading Session, 9 PM to 4 AM ET

The SEC approved Nasdaq’s plan to run a 9 PM to 4 AM ET Night Session, pushing U.S. equities toward 23-hour, five-day trading and reshaping how overnight news gets priced.

Macro

US 30-Year Treasury Yield Hits 5.30%, Highest Since 2007

The US 30-year Treasury yield hit 5.30%, its highest since 2007, as deficits, AI-related debt issuance, and sticky inflation pressure the long end of the curve.

AI

Circular AI financing: Nvidia's mega-deals reignite bubble fears

Nvidia's $750B in AI deals with OpenAI, SK Hynix and neoclouds have reignited circular financing concerns. Bulls call it a virtuous circle, bears see vendor financing risk. Here is what to watch.

Markets

75% of Active Fund Managers Underperform S&P 500 Over Past Year

Over the past 12 months, 75% of active fund managers failed to outperform the S&P 500, highlighting the challenges of active management in current market conditions.

AI

Ray Dalio: AI Shows 'Classic Signs' of a Bubble Like 1929 and 2000

Ray Dalio says AI enthusiasm has pushed markets into bubble territory that echoes 1929 and 2000, pointing to stretched valuations and surging stock issuance — but says the bubble hasn’t been pricked yet.

Geopolitics

Iran Shifts to ‘Fully Offensive’ Policy, Sets Weeks-Long Deadline for US

A senior Iranian official told Reuters that Tehran is shifting from a defensive to a ‘fully offensive’ posture, with a weeks-long deadline for the US and a fresh threat over the Strait of Hormuz.

Markets

Wells Fargo Forecasts Potential Fed Rate Hike Amid Inflation Concerns

Wells Fargo anticipates a potential 25 bps Fed rate hike in 2026 due to persistent inflation, impacting bond markets and investor strategies.

Geopolitics

Trump threatens to "bomb" Oman if it interferes with Iran talks

Trump told Fox News the US will bomb Oman if it interferes with Iran negotiations, as the 60-day MOU on the Strait of Hormuz expires without a deal.

Markets

Y'all Street is hiring: Dallas becomes finance's new power center

Dallas has become the second-largest finance hub in the country, with Goldman Sachs, JPMorgan, and Bank of America pouring billions into a region now branded Y'all Street.

Macro

Bessent Signals He Will Do 'Whatever He Can' to Cap Bond Yields

Traders say Treasury Secretary Scott Bessent is signaling he will do whatever he can to keep long-end Treasury yields from spiking, from yen intervention to bond auction tweaks.

Real Estate

Manhattan average rent hits record $6,655 a month

Manhattan's average apartment rent hit a record $6,655 a month in July, up 10% year over year, with vacancy at the tightest level since 1968.

AI

Musk Leans on Natural Gas Turbines to Power SpaceX AI Data Centers

Elon Musk is leaning on natural gas turbines to power SpaceX's AI data center build-out, with $2.8B committed and capacity potentially scaling to 15 GW by 2027.

Geopolitics

U.S.-Iran 60-Day Deadline Passes With No Deal, Hormuz Still Closed

The 60-day U.S.-Iran window closed with no deal, Iran signaling a shift to offense, and Brent settling above $90. Hormuz traffic remains a fraction of pre-war levels.

Markets

Nearly Half of Young Adults Live with Parents, Highest Since 1940s

Approximately 45% of Americans aged 18 to 29 are living with their families, marking the highest percentage since the 1940s. This trend has significant implications for housing markets and consumer spending patterns.

Macro

Ray Dalio: We Are Past the Point of No Return

Ray Dalio warns that escalating debt service payments are squeezing out spending, likening it to plaque restricting blood flow, signaling a critical economic juncture.

Markets

US Food Prices Surge 33% Over Seven Years, Marking Largest Increase in 50 Years

US food prices have risen 33% over the past seven years, marking the largest increase in grocery prices in half a century.

Markets

48% of U.S. Employers Drop Pre-Hire Marijuana Screening

A recent survey reveals that 48% of U.S. employers have stopped pre-employment marijuana screening, reflecting changing attitudes and legal landscapes.

Geopolitics

South Korea Proposes Talks to Officially End War with North

South Korea proposes talks to officially end the Korean War, aiming to ease tensions and foster economic cooperation.

Markets

Jane Street Lost $15 Billion in July, First Down Month in a Decade

Jane Street posted a $15 billion loss in July, its first monthly slump in about a decade, after AI hedge fund Situational Awareness blew up and Asian equity bets went the wrong way.

Markets

Earnings Outpace Stock Prices Amid Market Uncertainty

Despite strong earnings growth, stock prices lag due to market uncertainties, presenting potential opportunities for investors.

Markets

Luigi Mangione Pleads Guilty to Federal Stalking in UnitedHealthcare CEO Killing

Luigi Mangione pleaded guilty to federal stalking charges in the killing of UnitedHealthcare CEO Brian Thompson. Sentencing is set for December 18 with a maximum of life in prison.

Real Estate

60% of Gen Z and Millennials Moved Back Home in Past Two Years

A significant 60% of Gen Z and Millennials have returned to live with their parents in the past two years, impacting housing demand and homebuilder stocks.

Macro

53% of Millennials Still Lean on Parents Financially: Northwestern Mutual

53% of Millennials are not fully financially independent from their parents, per a new Northwestern Mutual study. The read-through hits housing, lenders, and consumer names.

Tech

Anthropic CEO Amodei's Wife Cami Clark Pitched Epstein on Porn Startup

Cami Clark, wife of Anthropic CEO Dario Amodei, pitched Jeffrey Epstein on investing in her self-described 'revolutionary porn company,' per WSJ emails, as Anthropic eyes a potential multi-trillion-dollar IPO.

Geopolitics

MTG Claims White House Is Weighing Nuclear Strikes on Iran

Marjorie Taylor Greene claims the White House is holding strategy meetings on using nuclear weapons against Iran. The claim is unverified, but the tail risk is real for oil, defense, and safe havens.