Macro Mark Cuban Rips Trickle-Down Economics: ‘It Is A Joke’ Mark Cuban says trickle-down economics is a joke and pitches ‘trickle up’ instead, backing a $20 federal minimum wage and broader asset ownership for workers.
Tech Meta warns of up to $1.4T in penalties in teen mental health case Meta told a federal court that four states are seeking up to $1.4 trillion in penalties in the August teen mental health trial, a sum roughly equal to its market cap. The company called the figure outlandish.
Geopolitics Iran Intensifies Attacks on Ships in the Strait of Hormuz Iran hit three commercial vessels in the Strait of Hormuz in 24 hours, pushing Brent up 2.5% and lifting Treasury yields as the JMIC raised the threat level to severe.
Energy US Revokes Iran Oil Waivers After Strait of Hormuz Tanker Attacks The Trump administration revoked its Iran oil sanctions waiver after three tankers were hit in the Strait of Hormuz. Crude jumped over 5% on the news.
Markets Earnings, Not Just Valuations, Are Flashing Bubble Warnings: FT Strategists cited by the FT warn the real bubble risk may be in earnings expectations, not just valuations, with 2026 S&P 500 EPS growth pegged near 25% and CAPE above 40.
Geopolitics Trump revives Greenland push, threatens US troop pullout from Europe Trump reopened his Greenland fight at the NATO summit in Ankara, saying the island should be US-controlled and floating a full US troop pullout from Europe. Defense, rare earths, and European risk assets are back on watch.
Macro Central Banks Plan to Cut Dollar Reserves for First Time, OMFIF Says OMFIF's 2026 Global Public Investor survey shows, for the first time, more central banks plan to reduce dollar reserves than grow them over the next decade, with gold moving to the center of reserve strategy.
Macro Europe's Average Wealth Sits at $337,083, Half the U.S. $696,277: UBS UBS's latest Global Wealth Report pegs Europe's average adult wealth at $337,083, less than half the U.S. average of $696,277. Switzerland still tops the global ranking at $910,382.
Macro Central Banks Plan First Dollar Cuts in a Decade, Pivot to Gold and Euro An OMFIF survey shows more central banks plan to cut U.S. dollar holdings than add to them over the next decade for the first time, with gold and the euro picking up the flow.
Markets BofA to Investors: Time to Take Profits as Bear Market Signals Flash Bank of America’s Savita Subramanian told clients to take profits, flagging seven of ten bear-market signposts and a year-end S&P 500 target of 7,100 below current levels.
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.
