Geopolitics Xi Meets Putin at SCO Summit, Power of Siberia 2 in Focus Xi Jinping and Vladimir Putin met on the sidelines of the SCO summit in Bishkek, reaffirming their strategic alliance and reportedly discussing the Power of Siberia 2 gas pipeline.
Real Estate Manhattan Rents Hit Records: Studios $4,088, One-Beds $5,486 Manhattan studios now average $4,088/month (+8% YoY) and one-bedrooms $5,486 (+7%), with two- and three-bedroom rents also hitting records as listings collapse.
Macro Gen Z Men Are Dropping Out of the US Job Market: NYP Male Gen Zers are dropping out of the US labor force at accelerating rates, with AI displacement hitting entry-level tech and finance roles hardest, per NYP.
Markets Boomers Sit on Record Wealth and Are Splurging on Travel: WSJ Baby boomers hold more wealth than any living generation and are pouring it into travel, per WSJ. Airlines, cruise lines, and luxury hotels are the direct beneficiaries.
Markets Leeds study: fully remote workers report the highest well-being A Leeds School of Business study of 7,704 employees found fully remote workers reported the highest well-being and lowest turnover, challenging return-to-office mandates from CEOs like Dimon and Musk.
Markets Boomers Are Fueling a Global Travel Boom, per WSJ WSJ reports wealthy, healthy boomers are leading a global travel boom, skewing spend toward cruises, luxury hotels, and premium airline cabins. Here is the trade read-through.
Geopolitics Trump’s Iran war drives US Navy into cash crunch, payroll raided The US Navy is transferring money from payroll and other accounts to cover the cost of combat operations against Iran, per a Pentagon memo, as the war’s tab tops $35.7 billion.
Macro US Corporate Profits Hit Record as Worker Share Sinks to 1950s Low US corporate profits hit an annualized $4.8T in Q2, 18% of national income and the highest share since WWII, while the worker share of wages and benefits fell to 60%, the lowest since the 1950s.
Markets FDA Slaps Class I Recall on Nearly 13,000 Whole Foods Dips Over Salmonella The FDA has classified a Whole Foods recall of nearly 13,000 dips, salsas and guacamole as Class I, its most serious level, tied to a multistate Salmonella outbreak in jalapeños from Coast Citrus Distributors.
Markets John Morgan: $30M and a Paid-Off House Is ‘Set for Life’ Billionaire attorney John Morgan says $30 million invested plus a paid-off house is the true ‘set for life’ number, citing a 4% withdrawal for $1.2M a year. The math is drawing sharp pushback online.
Tech Trump Weighs New Sweeping Tariffs on Semiconductors, Report Says The Trump administration is reportedly weighing a new round of sweeping tariffs on semiconductors, with the plan possibly extending to laptops, servers and gaming consoles that contain foreign chips.
Macro Grocery Anxiety Jumps: 41% of Americans Worried About Food Costs AP-NORC polling shows 41% of Americans are worried about affording groceries in the coming months, up from 24% in April. Trade-down and BNPL trends put WMT, KR, COST, DG, and AFRM in focus.
Macro Wages Fall to 43% of U.S. Gross Domestic Income, Lowest Since 1929 U.S. wages and salaries fell to roughly 43% of gross domestic income in Q1 2026, the lowest labor share since 1929. Structural forces — automation, globalization, and capital-light tech — keep pushing the split toward capital.
Politics Florida Becomes First State to Block Welfare Cash on Tattoos, Vapes, Theme Parks Florida is the first state to bar TANF cash-assistance spending on tattoos, theme park tickets, video games, vapes and other non-essential items, with the Trump administration urging other states to adopt the same framework.
Markets Americans Spend Record Share on Hobbies as Savings Rate Slips Hobby categories are at a record share of US goods consumption, beating pandemic highs, per Bloomberg. But the savings rate just hit a three-year low.
Geopolitics US Allies Warn Strait of Hormuz Still Mined, Doubting Trump’s Claim US allies are privately warning the Strait of Hormuz is still likely mined, disputing Trump’s claim that the Navy has cleared all Iranian explosives. Energy and shipping tickers stay in focus.
Politics U.S. to Revoke Up to 200,000 Business and Tourism Visas in Largest Purge Ever The State Department is preparing to revoke up to 200,000 business and tourism visas tied to asylum seekers, in what AP calls the largest mass visa revocation in U.S. history.
Markets 92% of Americans have delayed or skipped medical care over cost: survey A JG Wentworth survey found 92% of U.S. adults have delayed or abandoned medical care because of cost, with 94.2% of those aged 18 to 28 putting off treatment. Watch insurers, pharmacies and hospitals.
Real Estate Miami Tops U.S. Buyer's Markets With 154% More Sellers Than Buyers Redfin says Miami is the strongest U.S. buyer's market with 154% more sellers than buyers in July, as national homebuyer counts fall to a record low.
Macro Canada Braces for Long Trade War, Sees No US Talks Before Midterms Canada sees little chance of resuming trade talks with the US before the midterms and is preparing domestic aid to ride out Trump’s term after negotiations collapsed.
Politics Trump Administration Pauses All US Immigrant Visa Applications Worldwide The Trump administration has paused all US immigrant visa applications worldwide, citing consular officer retraining and tighter public charge screening. Interviews have been postponed globally.
Geopolitics US Launches ‘Operation Economic Outcast,’ Sanctions 60+ Iran-Linked Targets The US Treasury launched Operation Economic Outcast, sanctioning nearly 60 Iran-linked entities across oil, nuclear, and missile networks — but sparing the largest Chinese banks and refiners despite China buying most of Iran’s crude.
Markets Fidelity: 401(k) millionaires hit record 595,000 accounts Fidelity says 401(k) millionaire accounts hit an all-time high of 595,000 in Q2, up 16% from Q1, as average balances set records and savers stayed the course through market turbulence.
Markets Daily Marijuana Use Now Tops Daily Drinking and Smoking in US Federal survey data shows 21.4 million Americans now use marijuana daily or near-daily, topping daily drinkers (17.2M) and daily smokers (19.9M). The substitution trend has real implications for cannabis, alcohol, and tobacco stocks.
Macro Treasury may tap $1T cash account to fund bond buybacks: CNBC The Treasury is weighing whether to tap its roughly $1 trillion General Account to fund expanded bond buybacks, per CNBC, with 10- and 30-year yields easing on the report.
