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.
Markets Amazon Prime Day Household Spending Down 16% as Shoppers Pull Back Amazon Prime Day household spending is down about 16% versus last year per Numerator, with shoppers favoring essentials and demanding deeper discounts.
Politics Pentagon Reinstates Mandatory Flu Shots for Recruits Amid Lackland Outbreak The Pentagon reinstated mandatory flu shots for all military recruits as an outbreak at Lackland Air Force Base hit 275 cases, reversing an April policy that made the vaccine optional.
Real Estate Redfin: Home prices are picking up again as costs hit fresh highs Redfin says home prices are climbing again, with the median U.S. sale price at a record $403,889 and monthly housing payments at a one-year high even as pending sales fall for a fifth straight week.
Macro 40% of Investors See a No-Landing Scenario, BofA Survey Shows Bank of America's latest fund manager survey shows 40% of investors now expect a no-landing scenario, nearly double the August reading, while 47% still see a soft landing and just 5% expect a hard landing.
Geopolitics U.S., Iran Agree on Roadmap for Final Deal, Plan to End Lebanon Operations U.S. and Iran agreed on a 60-day roadmap toward a final deal, with a Lebanon deconfliction cell and a reopening of the Strait of Hormuz. Oil, defense and tanker names are in focus.
Markets Dimon: Bull Market Is Like a ‘Little Tsunami’ That’s Hard to Stop JPMorgan’s Jamie Dimon called the current bull market a ‘little tsunami’ that’s very hard to stop — while warning that geopolitical and long-term economic risks are being underpriced by investors.
Macro Factory Job Cuts Near 2009, COVID Levels as Manufacturers Slash Headcount S&P Global says US factory job cuts in June ran near their highest levels since the 2009 financial crisis and the COVID pandemic, even as the headline manufacturing PMI beat expectations at 55.7.
Macro BofA Now Sees Three Fed Rate Hikes in 2026 on Sticky Inflation Bank of America reversed its Fed call and now expects three 25bp hikes in September, October and December 2026, citing sticky inflation and a hawkish Warsh-led FOMC.
Markets Alan Greenspan, Former Federal Reserve Chair, Dies at 100 Alan Greenspan, former Federal Reserve Chair, dies at 100. His policies shaped decades of U.S. monetary policy and economic growth.
Markets Wells Fargo sets 2027 S&P 500 target at 8,600–8,800 Wells Fargo Investment Institute set a 2027 year-end S&P 500 target of 8,600–8,800 and lifted its 2026 range to 7,800–7,950, driven mostly by higher earnings forecasts rather than multiple expansion.
Geopolitics Trump warns Iran: close Strait of Hormuz and negotiators won’t go home Trump told Fox News that if Iran closes the Strait of Hormuz, its negotiators won’t make it home. Talks in Switzerland were briefly suspended as oil and defense names stay in focus.
Markets Trump Says Stocks Should Go Up After Strong Jobs Report Sparks Selloff Trump said stocks should have rallied on a strong May jobs report, but the Nasdaq logged its worst day in over a year as rate-hike odds jumped to 67%.
Geopolitics Israeli Strikes Hit Lebanon Hours After US-Iran Truce, Family of Four Killed Israeli airstrikes killed a family of four in southern Lebanon hours after a US-Iran truce took effect, putting the ceasefire framework and oil and defense names back in focus.
AI Bezos: AI Will Create a Labor Shortage, Not Replace Workers Jeff Bezos told VivaTech that AI will create a labor shortage rather than replace workers, even as AI-linked layoffs accelerate. Here is what it means for the AI trade.
Markets JPMorgan: $165B in stock selling could hit markets next week JPMorgan estimates up to $165B in quarter-end equity selling could hit markets next week as pension funds and sovereign wealth funds rebalance after a strong run for stocks.
Politics 38% of Americans Doubt U.S. Will Remain Unified in 250 Years A Reuters/Ipsos poll reveals 38% of Americans doubt the U.S. will remain a single country in 250 years, with 64% concerned about democracy's stability.
Geopolitics Iran Closes Strait of Hormuz Again Over Israeli Strikes on Lebanon Iran says it has closed the Strait of Hormuz again over Israeli strikes on Lebanon, threatening the new U.S.-Iran ceasefire. CENTCOM says traffic is still flowing.
Geopolitics Iran Publishes Signed US Memorandum of Understanding, Deal Now in Force Iran has published the fully executed US-Iran Memorandum of Understanding, with the deal now in force. Hormuz reopens, crude waivers begin, and a 60-day nuclear negotiation window starts.
Markets Traders Anticipate Two Fed Rate Hikes by Q1 2027 Market participants are pricing in two Federal Reserve rate hikes by the end of Q1 2027, reflecting expectations of tighter monetary policy ahead.
Geopolitics Trump: Unfair for Iran to Lack Ballistic Missiles If Others Have Them Trump said it would be unfair for Iran to lack ballistic missiles if neighbors like Saudi Arabia and Qatar have them, as the freshly signed US–Iran MOU reshapes Gulf risk for oil and defense names.
