The average car on the road in America is now nearly 13 years old, an all-time high, per Charlie Bilello. Read more: https://t.co/ileuRZjP0F
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Among Americans age 65 and older, 89 percent said current benefits should be protected even if it means higher taxes on younger workers. Read more: https://t.co/Ls1M2wIL8p
BREAKING: The top 0.1% of Americans now hold more than six times as much wealth as the entire bottom half of the country. The top 0.1% control about $28 trillion, roughly 15% of all U.S. wealth. The bottom 50% hold about 2.5%.
Billionaire investor Paul Tudor Jones says 2027 could be a really challenging year for the stock market. Ray Dalio recently called AI a “classic bubble." Yardeni Research cut its year-end S&P 500 target.
U.S. job numbers keep getting revised lower, per Bloomberg. Since the start of 2025, initial jobs reports have been revised down in 16 of 20 months, cutting a total of 793,000 jobs. That’s an average of nearly 40,000 jobs a month that were reported, then quietly erased.
BREAKING: Chaos exploded across France on Saturday as 550,000 protesters flooded the streets, torched cars and buildings, looted from posh stores including Louis Vuitton and Hermès, and even threatened to storm the Élysée Palace, prompting a defiant President Emmanuel Macron to rage: “Let them come and get me," per NYP
Tariffs added 2.9 percentage points to consumer goods inflation at their February 2026 peak, per New York Fed research. Without them, goods prices would have fallen slightly. Since then, the effect has faded fast, after the Supreme Court struck down Trump’s emergency tariffs. The NY Fed now expects tariffs to actually pull goods inflation below zero into early 2027.
BREAKING: The head of the army says the UK's political leaders are about to start a "frank conversation" with the public about the need to prepare for war, per Sky News. General Sir Roly Walker said every citizen will be asked to make sacrifices and to play their part in the defence of the nation.
BREAKING: Meta, Amazon, Microsoft and Google are expected to pour $750 billion into capital spending this year, mostly on AI data centers, per Bloomberg. That’s enough to write a $5,500 check to every household in America. It’s up more than 80% from last year’s $410 billion.
U.S. consumer confidence just fell to its lowest level since 2014, per The Conference Board. The expectations index sits near 60, well below 80, the level The Conference Board says has historically signaled a recession ahead.
Ray Dalio is warning that America’s biggest foreign lenders are pulling back. China and Japan, two of the largest foreign holders of U.S. Treasuries, are showing weaker demand for American debt. China’s holdings have been cut by more than half, from $1.3 trillion in 2013 to about $618 billion. Japan still holds about $1.1 trillion. Less foreign buying could mean higher borrowing costs for the US.
China tells Israel to stop 'forced establishment' of West Bank settlements, per BBC
The U.S. economy hasn’t had a recession in 78 months. That’s the 6th-longest expansion since 1854, based on NBER data, and nearly double the long-term average of about 41 months. The all-time record is 128 months, from 2009 to 2020. If this run lasts until early 2031, it will take the crown.
Trump: I know more about inflation, I know more about everything than anybody in this room. Anybody anywhere in the world.
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Office loan delinquencies are near the highest level ever recorded, well above the peak of the 2008 financial crisis. 12.16% of office loans in commercial mortgage-backed securities were delinquent in September, per Trepp. The all-time high: 12.34%, set in January. In mid-2022, it was just 1.6%.
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Elon Musk has unveiled the Tesla Roadster by launching it off a ramp, where it flipped in midair before landing safely on the ground. Read more: https://t.co/0Qgbl1zLXO
In Empower's "Secret to Success" survey, Gen Z said financial success means earning $587,797 a year. Read more: https://t.co/sGWSKJFsyZ
Brent crude has traded around $104 to $106 a barrel, up sharply this year, and US gasoline averages just over $4 a gallon. Read more: https://t.co/ACOPDE60E2
The producer price index rose 6.3 percent from a year earlier, above the 5.3 percent estimate, according to the Bureau of Labor Statistics. Read more: https://t.co/GvjdYwNKTR
BREAKING: President Trump puts new Russia sanctions passed by Congress on hold, saying a waiver is in the U.S. national interest.
Amazon accounts for roughly a third of US e-commerce, so whoever controls the AI agents that shop for consumers controls the customer. Read more: https://t.co/k2tP3JKdGf
Global smartphone shipments fell 22 percent year over year in the September quarter to 255.3 million units, the worst decline of any quarter on record, per IDC. Read more: https://t.co/yy2vhnFfXy
The December 3 execution would be the first US military execution since 1961. Read more: https://t.co/Pz1y8d33eX
Non-owners expect to buy their first home at 41 on average, 12 years later than current owners did, and half of non-owners say they simply do not know when they will be able to buy at all. Read more: https://t.co/hvztJnBsru
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