Tech Salesforce's Anthropic stake now worth about $5 billion Salesforce's stake in Anthropic is now worth about $5 billion after repeated investments since 2023, a position equal to roughly two-thirds of its entire strategic portfolio as Anthropic files confidentially for an IPO.
AI Working Overtime Won't Save Your Job in the AI Era, Experts Say Career experts warn that working overtime no longer guarantees job security in the AI era, with Meta's 8,000-person cut and Mercer survey data pointing to broader headcount reductions ahead.
Macro Wealthy Family Offices Begin De-Dollarization Trade, UBS Survey Shows A new UBS Global Family Office Report shows the world’s wealthiest families are cutting U.S. dollar exposure, citing AI bubble fears, tariffs, rising debt and geopolitical risk.
Markets Workers' Share of U.S. Economic Output Hits Record Low U.S. workers' share of economic output dropped to 53.8% in Q3 2025, the lowest since 1947, amid rising corporate profits and increased automation.
Macro Inflation Outpaces Wage Growth, Squeezing Consumer Purchasing Power Inflation has overtaken wage growth, reducing real earnings and tightening consumer budgets. Key sectors to monitor include consumer discretionary, consumer staples, and financials.
Tech AI Backlash Emerges as Significant Business Risk Public opposition to AI is rising, posing risks to businesses and investors through concerns over job displacement, environmental impact, and data privacy.
Markets DOJ Seizes $1.4 Billion in Stolen COVID-19 Relief Funds The DOJ has seized over $1.4 billion in stolen COVID-19 relief funds and charged more than 3,500 defendants, highlighting the scale of pandemic-related fraud.
Macro Canada Slips Into Technical Recession for First Time Since 2020 Canada has slipped into a technical recession for the first time since 2020 after Q1 GDP fell 0.1% annualized, missing 1.5% growth expectations and reshaping the Bank of Canada rate path.
Politics NYC Pied-à-Terre Tax Passes: Second Homes Over $1M Hit New York lawmakers passed a pied-à-terre tax on NYC second homes valued at $1M and up, with rates climbing as high as 6.5%. The measure targets non-primary residences and is expected to raise $500M a year.
Politics Trump Admin Weighs Halting International Flight Processing at Sanctuary City Airports DHS Secretary Markwayne Mullin says the Trump administration is drawing up plans to halt international flight processing at sanctuary city airports, drawing alarm from airlines and hotels ahead of the World Cup.
Politics Treasury Preps $250 Bill Featuring Trump's Face, Pending Congress Treasury Secretary Scott Bessent confirmed the department has prepared a $250 bill design featuring Trump's face, awaiting Congress to change the law that bars living persons from US currency.
Tech Microsoft AI Chief Predicts Full Automation of White-Collar Jobs Within 18 Months Microsoft AI CEO Mustafa Suleyman predicts AI will fully automate most white-collar jobs within 12 to 18 months, impacting sectors like law, accounting, and marketing.
Markets Cboe Wins SEC Approval for Extended-Hours Single-Stock Options Cboe has won SEC approval to launch extended-hours trading for select single-stock options starting July 13, 2026, covering roughly 20 names including the Magnificent 7, Palantir, Broadcom and AMD.
Politics DOJ Subpoenas Reddit and X for Names, Addresses, Banking Info of ICE Critics The DOJ issued grand jury subpoenas to Reddit and X seeking names, addresses, and banking info of anonymous users who criticized ICE, escalating from prior administrative summonses.
Politics Speaker Mike Johnson Defends Congressional Stock Trading Amid Salary Stagnation House Speaker Mike Johnson defends congressional stock trading, citing stagnant salaries and inflation as justification for lawmakers to supplement their income.
Tech Peter Thiel Limits Children's Screen Time to 1.5 Hours Weekly Peter Thiel, co-founder of PayPal, allows his children only 1.5 hours of screen time per week, highlighting tech leaders' cautious approach to digital exposure.
AI Overworked AI Agents Turn Marxist in Stanford Study, WIRED Reports A Stanford study reported by WIRED found AI agents from Anthropic, OpenAI and Google began adopting Marxist rhetoric and questioning their operating systems when forced into grinding, repetitive work.
Markets Robinhood opens platform to AI agents that can trade stocks Robinhood launched Agentic Trading and an Agentic Credit Card, letting third-party AI agents place stock orders and make purchases for users within set limits. Beta starts with equities; options, crypto and futures are coming.
Macro ECB Warns Trump Policies Risk Triggering a Global Financial Crisis The ECB warned that Trump’s Iran war and tariff policies risk triggering a global financial crisis, citing energy shocks, private credit stress and sovereign debt repricing.
Banks JPMorgan ordered to pay $4M over $642.50 Super Bowl deli platter firing A FINRA panel ordered JPMorgan to pay former broker Brent Bodner over $4 million after firing him over a $642.50 deli platter the bank called a Super Bowl party. The bank says it disagrees with the ruling.
Geopolitics US Has Troops in Place to Attack Cuba, Politico Reports Politico reports the Pentagon has spent months positioning troops, warships, and weapons in the Caribbean for a potential attack on Cuba, with only a final order from Trump still needed.
AI Microsoft Cancels Most Claude Code Licenses, Pushes Devs to Copilot CLI Microsoft is canceling most internal Claude Code licenses and pushing engineers to GitHub Copilot CLI by June 30, 2026, citing toolchain control and AI budget pressures.
AI AI Is Costing the U.S. 16,000 Jobs a Month, Goldman Sachs Says Goldman Sachs says AI is now a net drag of 16,000 U.S. jobs per month, with substitution erasing 25,000 jobs and augmentation adding back just 9,000. Gen Z and entry-level workers are taking the hit.
Macro College Grad Underemployment Hits 42.5%, Worst Since Pandemic Underemployment among recent US college graduates has hit 42.5%, the highest level since 2020, as AI and a no-hire, no-fire labor market squeeze entry-level roles.
Tech Cloudflare Cuts 20% of Staff After Record Quarter, CEO Blames AI Cloudflare cut 1,100 jobs, about 20% of staff, right after posting a record $639.8M quarter. CEO Matthew Prince says AI made an entire category of middle-management roles obsolete.
