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.
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.
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.
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.
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.
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.
AI Data center construction spending tops airports, ports, transit combined US data center construction spending has crossed $50 billion annualized, topping airports, marine terminals, and mass transit combined. The AI capex cycle is now structurally holding up nonresidential construction.
Tech 38% of Americans Live Near Data Centers Amid Rapid Expansion Data centers are expanding rapidly, with 38% of Americans now living within five miles of one. This growth impacts real estate, energy, and local economies.
Geopolitics US and Iran Agree to Halt Strikes, Meet in Doha This Week The US and Iran have agreed to halt strikes and meet in Doha this week to discuss the Strait of Hormuz, after a weekend of tit-for-tat attacks tested the ceasefire.
Politics California's 4 Richest Paid Just 0.07% of Wealth in Income Tax: NYT California's four richest residents paid an average 0.07% of their wealth in state income tax from 2019 to 2025, per NYT, as a billionaire wealth tax heads to the November ballot.
Markets Volkswagen Reportedly Plans 100,000 Job Cuts, Four Plant Closures Volkswagen is reportedly weighing up to 100,000 job cuts and the closure of four German plants, in what could become the biggest restructuring in the automaker’s 89-year history.
Geopolitics US, Israel, Lebanon Sign Framework Deal; Israel Keeps Security Zone The US, Israel, and Lebanon signed a trilateral framework agreement allowing Israel to maintain a security zone in southern Lebanon while the Lebanese army works to disarm Hezbollah.
Politics Newsom Says He'll Vote No on California's Billionaire Tax Measure Gavin Newsom says he'll personally vote no on California's one-time 5% billionaire tax measure, warning of capital flight while pitching a national billionaire tax instead.
Macro Bessent: Stock Market Can Do Great, But It's Main Street's Turn Treasury Secretary Scott Bessent reiterated that while the stock market can keep doing great, the policy focus is on Main Street. Here's the trade angle and the tickers to watch.
Markets Snap CEO Evan Spiegel, Miranda Kerr Erase $550M in California Medical Debt Snap CEO Evan Spiegel and Miranda Kerr partnered with Undue Medical Debt to erase $550M in medical bills for over 261,000 Californians, with relief letters arriving in mid-July.
Politics Gavin Newsom Calls for National Billionaires Tax Amid State-Level Opposition California Governor Gavin Newsom advocates for a federal billionaires tax while opposing a similar state-level initiative, citing economic concerns.
Markets Jamie Dimon: ‘We’re in a Bull Market’ — But It’s a ‘Little Tsunami’ JPMorgan CEO Jamie Dimon says markets are in a bull run he likens to a ‘little tsunami’ — powered by AI capex but masking underpriced geopolitical risk.
Macro Iran War Has Cost U.S. Families $100B in Military Spending and Oil Moody's says the Iran war has already cost U.S. families $100 billion, or about $750 per household, between military spending and higher oil prices, with the bill still growing.
Geopolitics Israel’s Katz: IDF Won’t Leave South Lebanon, Even If US Demands It Israeli Defense Minister Israel Katz said the IDF will not withdraw from southern Lebanon even if Washington demands it, complicating fresh US-brokered talks and raising Middle East risk.
