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The global population of millionaires dipped to 58 million in 2023 from 59.4 million in 2022, per UBS.
5% of millennials and Gen Z report being obsessed with becoming rich, per Credit Karma in Bloomberg.
Donald Trump says Google, $GOOGL, ‘has to be careful’ or it will be ‘shut down’
$AMD has completed its $665 million acquisition of Silo AI
The unemployment rate has now risen nearly a full percentage point from its modern low (4.3% in July, versus 3.4% in April 2023), and job growth had decelerated substantially, per Axios.
San Francisco still has the highest office-vacancy rate among large US metro areas, at more than 36%, according to data compiled by CBRE.
Bud Light, $BUD, spent million dollars to overcome conservative boycotts, but it did not work, per Bloomberg.
Currently, the average full-time worker makes about $79,000, according to the U.S. Census Bureau. Meanwhile the survey found the average American needs an income of $186,000 to live comfortably.
33% of American households are cutting back on groceries to help pay for their utility bills like AC as 75% of them expect their expenses to increase during the summer and “cause them financial strain," per FORTUNE.
Canadian employers continue to ramp up their recruitment of low-wage workers, up 25% this year, per the Globe
Donald Trump has said on $DJT there will be a “GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR III” if Harris is elected, calling the Biden-Harris administration “VERY STUPID PEOPLE,” per FORBES.
A labor strike that would shut down six out of 10 of the busiest ports in the US just weeks before the presidential election is looking increasingly likely, per Bloomberg.
34% of parents said they plan to take on debt to afford back to school supplies this year, and 16% said they plan to take on up to $1,000 in debt, per Credit Karma.
India’s political opposition is calling on the head of the nation’s stock-market regulator to resign after Hindenburg Research alleged impropriety in its investigation against the Adani Group
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The situation in Israel and the Middle East is developing rapidly. The US Defense Secretary ordered new ships to the Middle East. You can see a full news feed live at
"I'm calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting - and that's minimum," Wharton's Jeremy Siegel said this week.
Donald Trump: "I'm for electric cars. I have to be because Elon Musk endorsed me, so I have no choice. I'm for them, but for a small slice. They want to go all-electric & there's no way you can ever load (charge) them up; A charger is a gas pump with electricity coming through."
Israeli Minister of Defense Yoav Gallant spoke on Sunday with U.S. Secretary of Defense Lloyd Austin and told him Iranian military preparations suggest Iran is getting ready for a large-scale attack, per Axios