JUST IN: OpenAI is considering making hardware, including glasses and a voice recorder, per the Information
A mixed morning.
US unemployment rate for ages 16-24 is 10.5%, per WaPo
Trump posted this photo.
It says bought Intel, $INTC, at 20. Now 30.
Canada's unemployment rate is 7.1%.
Bank of America, $BAC: falling home construction spend = recession signal
Americans are having a record low amount of sex, even less than during the pandemic, per WSJ
The Congressional Budget Office projects the debt-to-GDP ratio will climb from 100% in 2025 to 156% by 2055 if current policies remain unchanged.
60% of college grads said they felt pessimistic about their career prospects, per firm Handshake
The dollar remains slightly overvalued after easing this year but could become undervalued next year, Bank of America, $BAC, has said.
The White House posted this yesterday:
Good morning to everyone: https://t.co/WUbiX0yr1j
Good night to everyone: https://t.co/WUbiX0xTbL
"Trump-friendly billionaires are consolidating control over American media, steering legacy brands and social platforms in a new conservative direction," per Axios:
Look at this.
Representative Rich McCormick has only now disclosed dozens of stock trades that actually took place back in 2023.
Yes, you read that correctly — 2023.
The filings show thousands of dollars’ worth of stock purchases.
Should politicians be able to trade?
To follow their disclosures, check Unusual Whales.
See more: https://t.co/e9bnW7AFKV
Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.39% from 6.49%.
The adjustable-rate mortgage share of activity
54% of Americans said there is no mortgage rate at which they would feel comfortable selling their home, up 12 points from last year, per Bank of America
Read more: https://t.co/3piuwJlliB
BREAKING: Nvidia, $NVDA, to invest $5 billion in Intel, $INTC, at $23.28/share
$INTC soared throughout the day.
To get all updates, subscribe to Unusual Whales.
See more: https://t.co/08QBo7MRYB
BREAKING: Sales of heavy trucks are falling like the U.S. is headed for a recession, per CNBC
Heavy truck sales decreased 16% YoY in August, reaching 422 thousand SAAR.
Read more: https://t.co/07sehHPJ0I
JUST IN: Powell has said: Hope 2% inflation is achieved by 2028
Yesterday, the Fed cut by 25BPS.
Read more: https://t.co/LPNIsgtqCS
BREAKING: $META has introduced a new live translation feature for its AI glasses
"“Glasses are the ideal form factor for personal super intelligence because they let you stay present in the moment," Mark said.
Read more: https://t.co/ZhQb368CdW