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.
Markets 1 in 4 White-Collar Workers Are Stalling Out, Per WSJ A Burning Glass Institute and NYU study cited by WSJ finds 24.2% of white-collar workers are in a mid-career stall, with no raise or promotion in 5+ years.
AI Gen Z to Hold Twice as Many Jobs as Prior Generations: WSJ WSJ reports Gen Z will hold roughly twice as many jobs as prior generations as AI reshapes entry-level work. Here is the data, the corporate split, and the tickers worth watching.
Geopolitics White House: Trump Can Use Military in Iran If Needed The White House says Trump can use the military in Iran if needed, keeping the door open to renewed action despite a Senate war powers rebuke and a fragile ceasefire.
Markets GameStop Reaffirms eBay Takeover Bid After Board Rejection GameStop is sticking with its roughly $56B bid for eBay after the board’s rejection, while lifting FY26 adjusted EBITDA guidance above $600M and growing its eBay stake to 7.8%.
Energy US Strategic Petroleum Reserve Hits Lowest Level Since 1983 The US Strategic Petroleum Reserve has fallen to 325.7 million barrels, the lowest level since May 1983, as the Trump administration's 172M-barrel coordinated release continues amid the Iran war.
Tech Taiwan raids Super Micro (SMCI) offices in widening chip-smuggling probe Taiwan raided Super Micro (SMCI) offices and affiliated sites in a widening probe into alleged smuggling of Nvidia AI chips into China. SMCI shares dropped as much as 9% before paring losses.
AI Ford rehires veteran engineers after AI fails quality checks Ford rehired around 350 veteran engineers after AI-powered quality systems fell short, then reclaimed the top spot in J.D. Power’s 2026 Initial Quality Study for the first time since 2010.
Tech WhatsApp Opens Username Reservations for 3 Billion Users Meta's WhatsApp is opening username reservations to its 3 billion users, letting people connect without sharing phone numbers. The full feature launches later this year.
Macro Trump: I Want To Drive Housing Prices Up, Not Down Trump said at a cabinet meeting that he wants to drive housing prices up, not down, to protect homeowner wealth. The comments complicate the administration’s affordability pitch and raise questions for homebuilders and housing-linked stocks.
Macro Japan Hikes Tourist Visa Fee 400% to 15,000 Yen, First Bump Since 1978 Japan is raising single-entry tourist visa fees 400% to 15,000 yen ($93) from July 1, 2026, its first hike in 48 years. Western travelers stay exempt, but Chinese, Indian, and Vietnamese tourists pay up.
Macro Record Number of Americans Are Leaving the US, per CNBC CNBC reports the US saw net negative migration in 2025 for the first time in at least 50 years, with Brookings estimating up to 295,000 net departures. Here is what the trend means for housing, payments, and brokerages.
Markets FIFA reportedly weighing 64-team World Cup expansion for 2038 FIFA is reportedly weighing a 64-team World Cup as soon as 2038, per Sports Business Journal. Infantino is said to be cool on the idea, but the commercial pull is real for broadcasters, sponsors and sportsbooks.
Markets Pentagon Delays Iran Strike Announcement to Avoid Market Impact The Pentagon delayed announcing U.S. strikes on Iran until after market close to minimize immediate financial impact.
