In the tech sector, hiring for new graduates in the 15 largest companies fell by over 50% since 2019, according to a report from VC firm SignalFire
Many entry-level duties—once handled by junior staff as on-the-job training—are now being performed by AI, per FORTUNE.
Read more: https://t.co/SJV36D0mej
51% of Americans said they wouldn’t buy a house this year at any mortgage rate, per Bankrate.
More than half (54 percent) say there is no mortgage rate at which they would be comfortable with selling their home this year, up 12 points from last year.
Read more: https://t.co/MWAFV0556k
BREAKING: New bill introduced to stop politicians from stock trading would require lawmakers to sell their stocks in 180 days.
Those who don't face fines.
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"U.S. tariffs may cool inflation for the rest of the global economy," per FORTUNE
The latest consumer price index (CPI) increased at an annual rate of 2.7% in July, below forecasts for a 2.8% gain and flat versus June’s pace.
Read more: https://t.co/AExt6OHTV7
73% of workers in tech say they feel stuck in their current, per Glassdoor.
Employers have more leverage in current negotiations due to an unfavorable job market, per YF
Read more: https://t.co/2Mn5F7mk4L
Trump: ALL TARIFFS ARE STILL IN EFFECT! Today a Highly Partisan Appeals Court incorrectly said that our Tariffs should be removed, but they know the United States of America will win in the end. If these Tariffs ever went away, it would be a total disaster for the Country.
Bank of America raises gold forecast, noting Trump threat to Federal Reserve independence
Analysts at Bank of America expect gold’s price to reach a record $4,000 an ounce by the first half of 2026.
Read more: https://t.co/wzFoBwTkVF
Market this week:
Trump has cancelled $4.9 billion in foreign aid, per Reuters
JD Vance says he’s ready to be president if Trump’s health fails, per the Hill
JUST IN: Spirit Airlines files for Chapter 11 bankruptcy protection
BREAKING: Representative Anna Paulina Luna has officially introduced a resolution that would prohibit members of Congress from trading stocks.
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Medicare will start requiring prior approval for certain procedures — and will hire private AI companies to determine if patients are covered, per NYT
Bank of America raises gold forecast, noting Trump threat to Federal Reserve independence
California reaches deal with Uber, $UBER, Lyft, $LYFT, to allow gig worker unions
Kraft Heinz, $KHC, is reportedly nearing an announcement regarding a potential breakup as soon as next week, according to the Wall Street Journal.
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