Macro Functionally Illiterate US Workers Earn About the Same as Average Brits An FT analysis of OECD data shows functionally illiterate US workers now earn roughly the same hourly wage as the average British worker, highlighting a widening transatlantic pay gap.
Macro BofA Survey: Fund Managers Brace for Stagflation Over Next 12 Months Bank of America's latest Global Fund Manager Survey shows 58% of investors see stagflation as the dominant macro scenario over the next 12 months, with hawkish Fed expectations rising and defensive positioning taking over.
Markets Trump Moves to Open 45M Acres of National Forest to Logging, Roads The Trump administration proposed rescinding the 2001 Roadless Rule, opening nearly 45 million acres of national forest to roads, logging, and extractive activity across 37 states. Timber names in focus.
Macro UK primary schools to flag children at risk of future unemployment A UK government review led by Alan Milburn is set to recommend that primary schools identify children at risk of becoming NEET, as youth worklessness tops 1 million and costs the UK an estimated £125bn a year.
Politics UC Professors Push to Bring Back SAT as Students Struggle With Basic Math More than 3,000 University of California professors are calling for the SAT and ACT to be reinstated in admissions, arguing incoming STEM students cannot handle high school math. The regents may act as soon as 2028.
Tech Anthropic's Annualized Revenue Surpasses $65 Billion Ahead of IPO Anthropic's annualized revenue has surpassed $65 billion, outpacing OpenAI and signaling strong market demand ahead of its anticipated IPO.
Geopolitics US Sanctions ICC President Tomoko Akane in Escalating Clash With The Hague The US sanctioned ICC President Tomoko Akane of Japan and senior trial lawyer Abdoulaye Seye, escalating Trump’s campaign against The Hague-based court over its Israel probes.
Geopolitics South Korea Prepares for 'Worst-Case Scenario' Amid U.S. Military Drill Reductions South Korean President Lee warns of a 'worst-case scenario' as the U.S. reduces joint military drills, impacting regional security and defense stocks.
Energy Iran Maintains Closure of Strait of Hormuz Amid Ongoing Tensions Iran continues to block the Strait of Hormuz, a critical oil transit route, in response to U.S. actions, impacting global energy markets and shipping.
Macro Gray Divorce Rates Surge Among Americans Over 65 While overall U.S. divorce rates decline, divorces among adults aged 65 and older have nearly tripled since 1990, now accounting for 15.2% of divorces.
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.
