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.

Markets

FDA Approves Philip Morris's Zyn as Reduced-Risk Product

FDA authorizes Philip Morris to market Zyn nicotine pouches as less harmful than cigarettes, potentially impacting PM stock.

Markets

Morgan Stanley: Salt Is the New Oil, Sodium-Ion Batteries Take Off

Morgan Stanley says salt is the new oil, projecting sodium-ion batteries hit 37% of battery deployment by 2035 with $800B in capex tied to AI power demand.

Commodities

Gold set for worst quarter in 13 years as Fed turns hawkish

Gold is closing Q2 with its worst quarterly loss in 13 years, hit by a hawkish Fed, a stronger dollar and inflation fears. Spot briefly broke $4,000, and $4,100 is the line bulls need to reclaim.

Markets

Buffett Skips Midyear Gates Foundation Donation Amid Epstein Review

Warren Buffett is skipping his annual multibillion-dollar donation to the Gates Foundation for the first time in two decades, waiting on the results of a review into the foundation’s ties to Jeffrey Epstein.

Tech

Anthropic Launches AI Drug Discovery Program

Anthropic introduces Claude Science, an AI workbench for biopharma research, and initiates its own drug discovery programs targeting neglected diseases.

Markets

Michael Burry Shorts Nvidia, Tesla, Caterpillar in AI Bubble Bet

Michael Burry disclosed fresh short positions on Nvidia, Tesla, Caterpillar, Applied Materials, and the SOXX ETF, calling the AI and semiconductor rally a bubble at dot-com-era extremes.

Crypto

Trump Reports Over $1B in Crypto Income, $635M From $TRUMP Coin

Trump's 2025 financial disclosure shows more than $1 billion in crypto income, headlined by $635M in $TRUMP memecoin royalties and over $500M from World Liberty Financial token sales.

Politics

Biden rips Trump: ‘billions made’ since returning to White House

Joe Biden ripped Trump at a Maryland Democratic Party gala, saying Trump has made billions since returning to the White House and calling it embarrassing for the country.

Tech

Micron Set to Be Third-Most Profitable U.S. Company After NVDA, GOOGL

Micron’s fiscal Q3 report puts it on track to be the third-most profitable U.S. company behind only Nvidia and Alphabet, with $28.2B in net income and an 84.9% gross margin driven by AI memory demand.