Politics Hunter Biden Says Joe Biden's Cancer Has Spread To His Bones Hunter Biden told BBC Newsnight that former President Joe Biden's prostate cancer has metastasized to his bones, describing his father's condition as very painful and debilitating.
Macro CNBC: Prices for ‘all food’ categories up 29% since pandemic BLS data cited by CNBC shows prices across ‘all food’ categories are up roughly 29% since March 2020, with beef, eggs, and coffee leading the cumulative pain.
AI Vanguard: AI White-Collar Job Wipeout Fears Are Overblown Vanguard's chief economist says fears of an AI-fueled white-collar job wipeout are overblown, arguing highly exposed occupations are still seeing solid employment growth nearly four years after ChatGPT's launch.
Macro 12% of High-Income Americans Living Paycheck to Paycheck A significant portion of high-income Americans are living paycheck to paycheck, indicating potential shifts in consumer behavior and economic pressures.
AI AI Designs Complete Viral Genomes for First Time, Creates 16 Working Phages Stanford researchers used generative AI to design 16 functional bacteriophages from scratch, the first complete AI-designed viral genomes, with big implications for phage therapy and biosecurity.
Politics Japan Asks US Government To Stop Using Mario, Pokémon, Naruto In Memes Japan's Ministry of Foreign Affairs has repeatedly asked the US government to stop using Mario, Pokémon and Naruto in official memes, warning of damage to the franchises.
Macro Bessent: K-Shaped Economy Is “Definitively” Over Treasury Secretary Scott Bessent told CNBC the K-shaped economy is “definitively” over, pointing to wage gains at the bottom. Moody’s, the Atlanta Fed, and BofA data tell a more mixed story.
Macro Fed Chair Warsh Reportedly Ready to Back a September Rate Hike Fed Chair Kevin Warsh is reportedly prepared to back a rate hike at the September FOMC if inflation data comes in hot, breaking with Trump’s push for cuts.
Politics Democrats seek Pentagon probe of Trump sons' $3.2B defense portfolio Democratic lawmakers are asking the Pentagon IG to investigate $3.2B in federal awards to 15 defense-tech firms backed by Trump sons via 1789 Capital and American Ventures.
Macro Visa: Gen X and Millennials Have Built More Wealth Than Boomers Did Visa says Gen X and millennials have built more per-capita wealth than boomers had at the same ages, with 401(k) access and stronger markets doing much of the work. Here is what it means for consumer, housing, and financial stocks.
Politics Judge Clears Path to Deport 350,000 Haitians After TPS Ends A federal judge lifted the block on ending Temporary Protected Status for roughly 350,000 Haitians, clearing the Trump administration to proceed with deportations after the Supreme Court’s June ruling.
Markets Hackers Hit Wall Street: Citadel, Point72, Two Sigma Targeted in AI Vishing Wave Citadel, Point72, Two Sigma and Millennium were hit by a wave of AI-powered vishing attacks. Two Sigma blocked the attempt; Point72 says no client data was stolen. Cyber names in focus.
Markets FAA, NTSB Probe Marine One Near-Miss With Commercial Jet Over DC The FAA and NTSB are investigating a momentary loss of separation between Marine One carrying President Trump and a commercial jet near Reagan National Airport in Washington, DC.
Macro Bank of America Sees Three Fed Rate Hikes in 2026 Bank of America now expects the Fed to hike three times in 2026 — September, October, and December — reversing its prior on-hold call. CME FedWatch puts those odds at just 6.2%.
Banks Bank of America Spends $250M a Year on GLP-1 Drugs for Employees Bank of America now spends more than $250 million a year on GLP-1 drugs like Ozempic, Wegovy, and Zepbound for its 211,000 employees, about 13% of its total healthcare budget, CEO Brian Moynihan said.
Markets BMW Pushed a Spider-Man Ad Onto Customer Dashboards via OTA Update BMW pushed a Spider-Man: Brand New Day ad onto customer dashboards via OTA update in 70+ countries, sparking backlash and reopening the debate over in-car advertising.
Markets Michael Burry Warns Market Near a Major Top, Eyes 1987-Style Fall Michael Burry says the market is near a major top and warns of a possible 1987-style fall, while rolling his Nvidia and QQQ puts deeper into 2027.
Macro Fed's Kashkari Advocates for Interest Rate Hike Amid Inflation Concerns Minneapolis Fed President Neel Kashkari urges for an interest rate increase, citing entrenched inflation and supply shocks. Market implications discussed.
Tech SpaceX Plans Automated Moon Factory Run by Humanoid Robots SpaceX unveiled plans for an automated Moon factory run by humanoid robots, with Musk pitching lunar industrialization to investors. Tesla's Optimus is the likely labor force.
Macro 64% of Middle-Income Americans Living Paycheck to Paycheck A recent survey reveals that 64% of Americans earning between $50,000 and $99,999 are living paycheck to paycheck, highlighting financial strain in the middle-income bracket.
Markets 66% of Boomers Want to Enjoy Their Wealth While Alive: Visa Visa research shows 66% of boomers want to enjoy their wealth or have heirs enjoy it while they are alive, with roughly $8 trillion set to hit autos, housing, travel and retail.
Macro Wages Fall to 43% of U.S. Gross Domestic Income, Near Record Low Wages and salaries have dropped to about 43% of U.S. gross domestic income, near the lowest share since 1929, as corporate profits and investment income capture more of the pie.
Markets 63% of Americans Have Less Than $500 Left After Monthly Bills A recent survey reveals that 63% of Americans have less than $500 remaining each month after paying bills, highlighting potential impacts on consumer spending and market sectors.
Banks Wells Fargo: Paychecks Rising Faster Than Inflation for Customers Wells Fargo CEO Charlie Scharf says paychecks are rising faster than inflation for its customer base, with card spend up double digits and delinquencies falling, even as broader CPI data tells a more complicated story.
Politics Army Recruiting Rebounds Nearly 38% From 2022 Low, Hits FY2026 Goal Early The US Army has already hit its FY2026 active-duty recruiting goal, with enlistments up nearly 38% from the 2022 low. Defense primes LMT, RTX, GD, and NOC in focus.
