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The Biden administration has purchased 4.65 million barrels of crude oil for the nation’s emergency cache as it continues refilling the depleted reserve, per Bloomberg.
BREAKING: The US national debt has hit $35 trillion, the most ever.
$AMC has posted its highest weekend attendance and admissions revenue of 2024 this weekend.
Over 1/3 of all S&P and Nasdaq companies report this week. M: $MCD T: $AMD $EA $FSLR $MDLZ $MSFT $PFE $PINS $PYPL $SOFI W: $ARM $BA $CCJ $ENVX $META $MO $QCOM $TEVA Th: $AAPL $AMZN $COIN $DKNG $INTC $MBLY $MRNA $NET $RBLX $SNAP $SQ F: $XOM Follow
The nine US ETFs holding the Ethereum cryptocurrency saw outflows of $340 million during their first week of trading, per Bloomberg.
The Tesla, $TSLA, Cybertruck was America's best selling electric truck in Q2, per Inside EVs.
52% of upper-income Americans believe their financial situation is improving, as do 43% of middle-income and 34% of lower-income Americans, per Gallup.
People under 50 without kids are three times as likely as older childless people—36% compared with 12%—to say they can’t afford to have them, per PEW. Since 2018, the share of young U.S. adults who say they are unlikely to ever have kids increased from 37% to 47% in 2023.
While cryptocurrencies like bitcoin are liquid, they're too volatile to be considered a true alternative to the US dollar, Morgan Stanely, $MS, strategists have said.
Millennials are now the least likely to care about finding day-to-day enjoyment from their work, per the People at Work report.
The wealthiest 1% holds 49% of stocks, worth $19.73 trillion, per Motley Fool.
The Private Equity Bubble is about to deflate, per Bloomberg.
"Adults in their prime childbearing years are having fewer kids than the generations before them," per Forbes.
Restaurants sit half-empty in Turkey this summer as inflation reaches 91% in places sending tourists and locals flocking to neighboring Greece, per FORTUNE.
Kamala Harris' campaign says it has raised $200 million
Millennials and Gen Z have given up on finding fulfillment at work as survey finds they’re the least likely to care about enjoying their job, per FORTUNE.
Households have added $3.4 trillion in debt since the pandemic, and some are struggling to make payments. “Credit card delinquency is on an upward trend, and the rate at which auto loans are transitioning into delinquency is at a 13-year high,” Fed Governor Lisa Cook has said.
In the housing market, mortgage rates have been hovering around 7%—more than double what they were three years ago—holding back construction of single-family homes and keeping prices high, per Bloomberg.
"The US economy is slowing, which is just fine with the Fed," per Bloomberg.
According to Gallup, 162 million Americans, or 62% of U.S. adults, own stock. That is a 1% increase from 2023.