Real Estate Over 70% of Recent Home Buyers Were Banking on Mortgage Rates Dropping More than 70% of recent home buyers were counting on mortgage rates to drop, per MarketWatch. Rates remain stuck above 6%, leaving buyers squeezed and refinance hopes on hold.
Real Estate Redfin: U.S. home prices hit record $408,776 in June Redfin says the median U.S. home-sale price hit an all-time high of $408,776 in June, up 2.2% year over year, led by San Francisco and West Palm Beach. Existing-home sales rose to the highest since 2022.
Crypto Jim Cramer Says He's Selling All His Bitcoin Over Quantum Fears Jim Cramer said on Mad Money he's selling all his Bitcoin, citing quantum computing risks within 3-4 years. Traders are already reviving the inverse Cramer meme as BTC holds near $64,000.
Politics Trump Reportedly Indifferent to Midterm Losses, Eyes Executive Actions and Pardons Trump is reportedly indifferent to losing Congress in 2026, telling advisers he will govern through executive actions and pardons. Here is the trade angle.
AI Mayo Clinic sued by ex-AI compliance lead over alleged 67% error rate A former Mayo Clinic AI compliance lead has sued the hospital, alleging its MAYA AI tool had a 67% error rate that staff concealed, and that she was pushed out after raising alarms.
Macro US-Japan Joint Yen Intervention Remains Ongoing, per Reuters The US and Japan have confirmed an ongoing joint yen-buying intervention, the first coordinated operation since 1998, with both sides signaling readiness for further action to defend the yen from 40-year lows.
Geopolitics US Embassies in Middle East Warn Americans of Flight Risks as Iran Tensions Rise US embassies in roughly 10 Middle East countries told Americans to prepare for flight cancellations and airspace closures as tensions with Iran escalate and oil ticks higher.
Markets Labor Market Dynamics Shift: Job Losses May Not Raise Unemployment Recent trends indicate the U.S. economy can shed jobs without increasing unemployment, signaling a significant shift in labor market dynamics.
Tech Nvidia CEO: AI Boom to Create Six-Figure Trade Jobs Nvidia CEO Jensen Huang forecasts a surge in six-figure jobs for tradespeople due to AI infrastructure expansion.
Politics Trump Family's Profits from Presidency Estimated at $4 Billion David Kirkpatrick reports the Trump family has amassed approximately $4 billion by leveraging the presidency, raising concerns about conflicts of interest and market implications.
Politics Trump on Intel Stake: ‘I Made $75 Billion — Not for Me, for the Country’ Trump says the U.S. government’s equity stake in Intel has generated roughly $75 billion in gains for taxpayers, framing the Intel deal as a template for future government stakes in strategic companies.
Markets Trump Media launches Truth API, sells faster access to Trump posts Trump Media (DJT) launched Truth API on Aug. 1, selling Wall Street firms a licensed, real-time feed of Trump's Truth Social posts for up to $100,000 a month — and drawing SEC scrutiny.
Macro Visa: $36 Trillion in Boomer Wealth to Pass to Gen X and Millennials Visa projects $36 trillion in baby boomer wealth will pass to Gen X and millennial heirs over the next 20 years, with most of it flowing to already-wealthy households and only about $8 trillion likely to be spent.
AI Mark Cuban: AI Data Centers Are Overbuilt, Could Become Pickleball Courts Mark Cuban says AI data centers are being overbuilt and could end up repurposed as pickleball courts, comparing today's hyperscaler capex to the late-1990s fiber-optic overbuild.
Macro 63% of Americans Have Less Than $500 Left Each Month After Bills A CNBC and SurveyMonkey survey found 63% of Americans live paycheck to paycheck, with 90% of them having less than $500 left after monthly bills. Here is what it means for consumer stocks.
Tech Nvidia CDS Hits Record High as $750B AI Deal Talks Spook Credit Market Nvidia's five-year CDS spiked to a record 82 basis points after reports of more than $750B in AI infrastructure deal talks raised circular financing concerns.
Geopolitics Trump Cancels Planned U.S. Strike on Iran Amid Potential Deal President Trump cancels planned U.S. strike on Iran, citing progress toward a deal to reopen the Strait of Hormuz and address Iran's nuclear program.
Markets FIFA scraps $20B World Cup sell-off plan after UEFA boycott FIFA has scrapped its $20 billion plan to sell private stakes in the World Cup after UEFA’s 55 nations voted to boycott and senior officials resigned in protest.
Markets EA CEO Andrew Wilson Nets $8M Raise After Battlefield 6 Layoffs EA CEO Andrew Wilson’s total pay hit $38.6M in FY2026, an $8M raise tied to Battlefield 6’s record launch, months after developers at four studios behind the game were laid off.
Geopolitics Sánchez calls Ceuta migrant surge an ‘attack’ on Spain Spain's PM Pedro Sánchez called the crossing of up to 60,000 migrants into Ceuta from Morocco an attack and a violation of territorial integrity, as Italy and France tightened borders with Spain.
Macro Bessent's Camp David 'To-Do' List: Buy $5-10B in Japanese Yen A Reuters photo of Treasury Secretary Scott Bessent's notepad at Camp David revealed a plan to buy $5-10 billion in Japanese yen, hinting at the first U.S. FX intervention since 2011.
Politics Trump Weighs $100,000 Fee for Foreign Grads to Work in US The Trump administration is weighing a $100,000 fee on international students’ ability to work in the US after graduation via OPT, echoing the blocked H-1B fee push.
AI Musk Says Money Won't Matter in 2036 as AI Ushers in Abundance Elon Musk told The Economist that money won't matter by 2036 as AI and robotics eliminate scarcity. The prediction lands as his net worth drops $16.3B a day.
Energy China Leads Global Nuclear Buildout With 39 Reactors Under Construction China has 39 nuclear reactors under construction, more than the rest of the top ten combined, per the World Nuclear Association. The US, France, and Canada have none.
Macro Boomers Sit on $93 Trillion in Assets, Visa Says — But Heirs Get $36T Visa says baby boomers hold at least $93 trillion in assets, but only $36 trillion will actually reach Gen X and millennial heirs after debt, retirement spending, taxes and charity.
