Macro Canada to Match US Tariffs Dollar-for-Dollar as Talks Collapse Canada will match Trump's new 50% tariffs on $20B of Canadian goods dollar-for-dollar starting Sept. 8, targeting US steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Real Estate US Homebuyer Demand Hits Record Low as Sellers Outnumber Buyers 51% US homebuyer demand fell to a record low in July with about 967,000 buyers versus 1.46 million sellers, a 51.3% seller surplus. Nearly 80% of major metros are now buyer’s markets, led by Miami and Texas.
Markets Congress Worsens US Fiscal Trajectory as Debt Surpasses $40 Trillion America's fiscal health continues to deteriorate, with national debt now over $40 trillion. Bloomberg reports that current congressional actions are exacerbating the problem, pushing the US towards an unsustainable debt path.
Markets Older Americans Are Retiring Faster as Stock Market Gains Fatten 401(k)s Bank of America Securities says a 35%-plus S&P 500 rally is helping push workers 55 and older out of the labor force, with participation near pandemic-era lows.
Markets The Era Of Cheap Used Cars Is Rapidly Disappearing Edmunds Q2 2026 data shows 3-year-old used cars now average a record $32,461, and sub-$20,000 options have collapsed from nearly half the market to just 11.4%. Affordability is broken.
Markets Fully remote workers report highest well-being, less likely to quit: study A new study of 7,704 employees finds fully remote workers report the highest well-being and are less likely to quit, challenging a core argument behind return-to-office mandates.
Macro Dalio: Cut Bonds, Put 10-15% in Gold as US Debt Crisis Looms Ray Dalio says investors should underweight bonds and put 10-15% of their portfolio in gold, plus a bit of Bitcoin, warning a US debt crisis could hit within three years.
Markets FDA and CDC probe E. coli, salmonella outbreak tied to alfalfa sprouts The FDA and CDC are investigating a multi-pathogen outbreak linked to Everything Sprouts alfalfa sprouts, with 55 illnesses across 15 states and a voluntary recall now underway.
Macro Carney Says Canada Is ‘At War’ With US Over Trade as 50% Tariffs Hit Canadian PM Mark Carney says Canada is ‘at war’ with the US on trade after Trump slapped 50% tariffs on $20B of goods. Ottawa’s retaliation on steel, dairy and electronics hits Sept. 8.
Macro Trump on bond yields creeping back up: ‘The ultimate intervention is our military’ Asked why 30-year yields keep climbing back up despite Bessent’s buyback move, Trump said the ‘ultimate intervention is our military.’ Here is what traders should actually watch.
AI West Virginia bets on data centers to kill its income tax West Virginia Gov. Patrick Morrisey unveiled a 20-year plan to route 50% of hyperscale data center revenue into reducing and eventually eliminating the state income tax.
Markets The era of cheap used cars is rapidly disappearing, per YF Three-year-old used cars averaged $31,548 in Q1 2026 and sub-$20K inventory has collapsed to 11% of the market. Here is what it means for CVNA, KMX, and AN.
AI Anthropic Eyes Public S-1 Filing as Soon as End of August 2026 Anthropic is preparing to publicly file its IPO prospectus as soon as end of August 2026, following its June 1 confidential S-1 and a $965B Series H valuation.
Markets FDA Upgrades Publix Blueberry Recall to Highest Risk Level Over E. Coli The FDA upgraded the Publix GreenWise frozen blueberry and mixed berry recall to Class I, its highest risk level, citing potential E. coli O145 contamination across eight states.
Macro Bessent: US Can Grow Its Way Out of $40 Trillion Debt Pile Treasury Secretary Scott Bessent says the US can grow its way out of its $40 trillion debt pile, while VP Vance teases a ‘discreet’ plan that includes a sovereign wealth fund.
Macro Bessent: US Doesn't Need as Many Jobs After Deportations, Border Closure Treasury Secretary Scott Bessent told CNBC the US doesn't need to produce as many jobs after deportations and the border closure, brushing off a 23,000 job loss in July as noisy data.
Politics Ex-Fauci Adviser Morens Pleads Guilty to Concealing COVID Records Former Fauci adviser Dr. David Morens pleaded guilty to conspiring to conceal COVID-19 research records. He faces up to five years in prison, with sentencing set for Nov. 12.
Macro 3 in 5 Young Adults Say Their Lives Lack Meaning and Purpose: BBC A BBC report citing Harvard research found nearly 3 in 5 young adults say their lives lack meaning and purpose, with anxiety and depression rates double those of teens.
Tech Employers use personal data to set the lowest salary you'll accept: MW MarketWatch details the rise of surveillance wages, where employers use personal and financial data to set the lowest salary a worker will accept. Intuit, Salesforce, Colgate-Palmolive, Amwell and Healthcare Services Group were named in a related report.
AI Goldman Sachs: AI Is Cutting 16,000 U.S. Jobs Per Month Goldman Sachs economists estimate AI is erasing a net 16,000 U.S. jobs per month, with substitution wiping out 25,000 and augmentation adding back 9,000. Gen Z and entry-level workers are absorbing most of the impact.
Markets Private Equity Sitting on 33,575 Unsold Businesses: NYT Private equity is stuck with 33,575 unsold portfolio companies, per NYT and PitchBook, the biggest backlog on record. Exits are jammed and holding periods are stretching.
Macro Treasury Doubles Long-End Buybacks as 30Y Yield Hits 19-Year High Treasury is at least doubling long-end buyback operations to $4B per op from September 9 through November 4, after the 30-year yield hit a 19-year high of 5.34%.
Politics Michigan to Drop First-Semester Freshman Grades Starting Fall 2027 The University of Michigan will replace first-semester freshman letter grades with pass/no credit starting fall 2027, citing a student mental health crisis. The pilot covers all incoming LSA students.
Crypto Trump Floats Sizable US Bitcoin Purchase, BTC Reclaims $70K Trump says the US is considering a sizable Bitcoin purchase. BTC reclaimed $70K, over $1B in shorts got liquidated, and spot ETFs saw nearly $500M in two-day inflows.
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.
