Markets Trump Criticizes Market Reaction to Strong Jobs Report President Trump questions market sell-off following strong May jobs report, emphasizing that economic growth doesn't necessarily lead to inflation.
Markets SpaceX tells banks it won't budge on $135 IPO price SpaceX has told its banks it will not move off the $135-a-share IPO price disclosed in its amended filing, with sources describing roadshow demand as insatiable ahead of a June 12 debut.
Tech Anthropic Calls for Global AI Development Pause Amid Self-Improvement Concerns Anthropic warns that AI systems like Claude are nearing autonomous self-improvement, urging a global development pause to assess potential risks.
Markets SEC Officially Kills the $25,000 Pattern Day Trader Rule The SEC has officially eliminated the $25,000 pattern day trader minimum, replacing it with a real-time intraday margin framework. Retail brokers like HOOD and BULL are the most direct beneficiaries.
Markets Fidelity Lowers SpaceX IPO Minimum to $2,000 Fidelity reduces minimum account requirement for SpaceX IPO from $500,000 to $2,000, making it more accessible to retail investors.
Politics Trump ballroom donors landed $50B in federal contracts, watchdog says Public Citizen says 14 of 27 known corporate donors to Trump's White House ballroom project have won over $50 billion in new federal contracts in six months, led by Lockheed Martin, Booz Allen, and Palantir.
Tech Opal Electronics Secures $40M from OpenAI for AI Audio Device Opal Electronics, formerly Opal Camera, rebrands and secures $40M from OpenAI to develop AI-powered audio devices, signaling a strategic shift in consumer electronics.
Geopolitics Rubio Tells Congress: The War in Iran Is Over Secretary of State Marco Rubio told Congress the war in Iran is over, even as strikes continue and the House moved to limit Trump's war powers in Iran.
AI Gartner: AI-driven layoffs aren't producing ROI for big companies A Gartner survey of 350 executives at $1B+ companies found 80% cut jobs while deploying AI, but those layoffs aren't translating into ROI. The AI productivity narrative is getting tested.
Markets Master's Degrees No Longer Guarantee Job Security Unemployment rates for workers under 35 with master's degrees are at a 20-year high, signaling a shift in the job market's valuation of advanced degrees.
Markets Kevin O’Leary: Gen Z stays poor by spending $28 on lunch making $70K Kevin O’Leary said Gen Z stays poor because they spend $28 on lunch while earning $70,000. The resurfaced clip has 62M+ views and reignited the spending-vs-wages debate.
Markets Billionaire Dylan Taylor: Leasing a Car Is the Biggest Middle-Class Trap Voyager Technologies CEO Dylan Taylor says leasing a car is the biggest red flag you will stay middle class, pointing to a record $1.66T U.S. auto loan stack as evidence.
Markets AMC Posts Highest May Attendance Since 2019, Stock Surges AMC Entertainment drew 25.5 million guests in May 2026, its best May since 2019, sending shares up roughly 20% as “Backrooms” and a stacked 2026 slate fuel the theatrical rebound.
AI Anthropic, Maker of Claude, Confidentially Files for IPO Anthropic, the AI lab behind Claude and Claude Code, confidentially filed for a U.S. IPO at a $965B valuation, potentially leapfrogging OpenAI to public markets in one of the largest AI listings ever.
Politics Trump Drops $1.8B DOJ 'Anti-Weaponization' Fund After GOP Revolt The Trump administration is scrapping its $1.8B DOJ anti-weaponization fund after a federal court block and a rare bipartisan revolt on Capitol Hill.
Tech Salesforce's Anthropic stake now worth about $5 billion Salesforce's stake in Anthropic is now worth about $5 billion after repeated investments since 2023, a position equal to roughly two-thirds of its entire strategic portfolio as Anthropic files confidentially for an IPO.
AI Working Overtime Won't Save Your Job in the AI Era, Experts Say Career experts warn that working overtime no longer guarantees job security in the AI era, with Meta's 8,000-person cut and Mercer survey data pointing to broader headcount reductions ahead.
Macro Wealthy Family Offices Begin De-Dollarization Trade, UBS Survey Shows A new UBS Global Family Office Report shows the world’s wealthiest families are cutting U.S. dollar exposure, citing AI bubble fears, tariffs, rising debt and geopolitical risk.
Markets Workers' Share of U.S. Economic Output Hits Record Low U.S. workers' share of economic output dropped to 53.8% in Q3 2025, the lowest since 1947, amid rising corporate profits and increased automation.
Macro Inflation Outpaces Wage Growth, Squeezing Consumer Purchasing Power Inflation has overtaken wage growth, reducing real earnings and tightening consumer budgets. Key sectors to monitor include consumer discretionary, consumer staples, and financials.
Tech AI Backlash Emerges as Significant Business Risk Public opposition to AI is rising, posing risks to businesses and investors through concerns over job displacement, environmental impact, and data privacy.
Markets DOJ Seizes $1.4 Billion in Stolen COVID-19 Relief Funds The DOJ has seized over $1.4 billion in stolen COVID-19 relief funds and charged more than 3,500 defendants, highlighting the scale of pandemic-related fraud.
Macro Canada Slips Into Technical Recession for First Time Since 2020 Canada has slipped into a technical recession for the first time since 2020 after Q1 GDP fell 0.1% annualized, missing 1.5% growth expectations and reshaping the Bank of Canada rate path.
Politics NYC Pied-à-Terre Tax Passes: Second Homes Over $1M Hit New York lawmakers passed a pied-à-terre tax on NYC second homes valued at $1M and up, with rates climbing as high as 6.5%. The measure targets non-primary residences and is expected to raise $500M a year.
Politics Trump Admin Weighs Halting International Flight Processing at Sanctuary City Airports DHS Secretary Markwayne Mullin says the Trump administration is drawing up plans to halt international flight processing at sanctuary city airports, drawing alarm from airlines and hotels ahead of the World Cup.
