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.
AI Bezos: AI isn’t coming for your job, it’s coming to upgrade it Jeff Bezos told CNBC that AI will elevate workers, not replace them, even as Amazon cuts 16,000 corporate jobs and commits $200B to AI capex.
Real Estate Private Equity Now Owns 1 in 8 US Apartments, PESP Report Finds Private equity firms now own roughly 13% of US apartment units, about 3 million across 11,800 buildings, with half acquired since 2021. Blackstone leads with 230,000+ units.
Macro Trump: U.S. Likely to Pay Back $149 Billion in Tariffs Trump said the U.S. will likely have to refund roughly $149 billion in tariffs after the Supreme Court struck down the IEEPA duties. The refund is on top of an estimated $300 billion in lost annual tariff revenue.
Macro U.S. National Debt Hits $39 Trillion, Adding $5B a Day Since October U.S. national debt has officially crossed $39 trillion, with roughly $5 billion added every day since late October. Interest costs now rival defense and education spending combined.
Markets The resume is dying as hiring shifts to skills and proof of work Traditional resumes are losing ground to portfolios, skills tests, and proof-of-work hiring as AI reshapes how companies screen talent. Here is what it means for LinkedIn, HR tech, and the labor market.
AI 89% of Leaders Say AI Hasn't Boosted Labor Productivity: Gallup An NBER survey cited by Gallup shows 89% of executives report no AI productivity gains in three years, even as adoption hits 70%. The disconnect raises questions for AI capex names.
Politics Government waste, fraud and abuse rose 13% last year despite DOGE Federal waste, fraud and abuse rose roughly 13% last year despite DOGE's pledge to root it out, with $162B in improper payments across 68 programs in FY2024.
Politics RFK Jr. Defends Trump's '600% Drug Price Cut' Math at Senate Hearing HHS Secretary RFK Jr. told the Senate that Trump has a different way of calculating percentages, defending the claim that TrumpRx cuts drug prices by 600%. The actual figure is 98.3%.
Markets Powell to Remain as Fed Governor Post-Chair Term Amid Legal Pressures Jerome Powell will continue as a Federal Reserve governor after his chair term ends, citing legal challenges threatening the Fed's independence.
Markets Housing Affordability Hits Historic Lows as Buyers Sit Out 2026 Home prices remain elevated, mortgage rates are still above 6%, and existing home sales are near post-2008 lows. The market is not crashing, but it is frozen.
