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BREAKING: The IMF is warning that an AI bubble bursting could hit the global economy. In a downside scenario, an AI investment bust could cut global growth by up to 1.3 percentage points in 2028.

BREAKING: Trump says he told new White House press secretary Katie Zacharia to 'reconsider' serving in position, per FOX

Iran is still getting fuel out despite the U.S. naval blockade, per Reuters It has reportedly exported 4.1 million barrels of liquefied petroleum gas on at least eight tankers since July. A separate shipment of Iranian jet fuel made it to Myanmar, and some of the LPG cargoes were likely headed to China.

BREAKING: Trump’s longtime outside allies are urging him to take control of the midterms, with martial law being considered, if they deem "midterms rigged," per Axios

Real average hourly earnings are officially down 0.7% on the month, per Bloomberg. That's the sixth straight month of decline.

BREAKING: Companies whose federal cases were dropped under Trump have given or pledged $210.5 million to his super PACs, per a new Public Citizen report. Crypto,com: $37 million, after the SEC dropped an investigation Gemini: $20 million, plus $10 million each from founders Tyler and Cameron Winklevoss, after the SEC closed a similar probe Andreessen Horowitz founders: $12 million, with nine portfolio companies tied to canceled federal actions Public Citizen says more than 200 companies have benefited from canceled, frozen or weakened federal enforcement.

Iran is suffering its biggest GDP contraction in nearly 40 years, down 7.6% year over year, per IMF: https://t.co/cCfh7gkVxQ

The CEO and CTO of Infleqtion are LIVE right now on WOLF Financial talking about what quantum really is. Go watch and listen

Peter Thiel has said that Obama and Pope Leo are exploiting AI fears

BREAKING: More than 14% of U.S. home purchase agreements were canceled in September, the highest rate for any September on record, per Redfin.

More Americans say jobs are hard to get than at any point since early 2021. About 21% of consumers said jobs were “hard to get” in September, per The Conference Board. That’s roughly double the ~10% low in 2022. Overall consumer confidence just fell to its lowest level since 2014.

BREAKING: 1 in 5 American families are behind on loan payments, the highest since 2010, per the Federal Reserve. That’s up from about 12% in the Fed’s previous survey. Families more than two months behind rose to over 8%, from 5% in 2022. 8.6% of families now spend more than 40% of their income on debt payments, the highest since 2013.

U.S. businesses have largely stopped absorbing rising costs and are increasingly raising prices for customers, per WSJ

The Fed is hiking again, but history says stocks can handle it. The S&P 500 has gained during every full Fed tightening cycle since 1980, per BCA Research. Returns ranged from 4.4% to 28.4%. BCA expects just one or two more quarter-point hikes, arguing much of the rate shock is already priced in.

Boomers want younger workers to pay more to protect their Social Security checks. 89% of Americans 65 and older say benefits should be protected for current retirees, even if it means higher taxes on younger workers, per a Cato Institute survey.

79% of Americans forget to cancel free trials, per YF

Only 58% of savers say they're on track for retirement, down from 68%, per Goldman Sachs. 66% of Gen Z, Millennials and Gen X expect to delay retirement.

Americans are pulling back on retirement saving to keep up with today's costs. The share of workers who increased their retirement savings fell from 55% last year to 39% this year, per Goldman Sachs The share who cut their savings nearly doubled, from 8% to 14%.

Millennials say you need $9.5 million to be successful, per Empower. Gen X says $5.6 million, and Gen Z says $5.4 million. Boomers say $1 million is enough.

Moody’s Zandi has said that higher rates are already damaging the economy.

Entry-level jobs are vanishing in the fields most exposed to AI, per PFNYC Design, media & writing: -40.6% Customer support: -34.4% Clerical and administrative: -30.5% Business management and operations: -26.8% Finance: -23.4% Social analysis and planning: -12.7% Sales: -10.4%

34% of Gen Z believe Social Security will even exist when they retire, per Cato Institute.

BREAKING: Mark Carney has said that the U.S. is trying to break Canada, and is urging oil-rich Alberta not to begin a vote on separation, per AP

The FBI has said that the Saudi OpenAI engineer used his wife’s ChatGPT account to figure out how to plant a secret recording device at the office, per FORTUNE

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The US and Canada run one of the most integrated trade relationships on earth, and components in industries like autos cross the border repeatedly before a finished product is sold. Read more: https://t.co/yTYhuACB2W

An estimated 1,510,784 sellers were chasing just 928,892 active buyers in September, a surplus of 62.6 percent and the widest gap in records going back to 2013. Read more: https://t.co/QKzjzsnMvH

The 0.1 percent now control about $28 trillion, close to 15 percent of the nation's total wealth of roughly $186 trillion. Read more: https://t.co/hCpg7UwxMl