Kraft Heinz CEO says lower-income Americans are totally out of money by month’s end. They’re seeing negative cash flows in those brackets, with people dipping into savings just to get by.
Electricity prices in New England just shot up 243% as an intense heat wave hits the US right before July 4th. 😰 Central and eastern areas are hitting 105°F, and the power grid is feeling it.
Wholesale price jumps Thursday:
New England: +243%
NYC: +101%
Midwest: +55%
Mi
Check this out 👀
We just dropped one minute of Periscope data.
It shows market makers' long and short gamma for SPX every minute.
Pretty essential stuff.
See for yourself: https://t.co/fPPyiw3Dg8
US job openings are rebounding:
US job openings jumped +9,000 in May, to 7.6 million, the highest since May 2024.
This follows a +698,000 surge in April, the biggest monthly addition since September 2022.
At the same time, total private job openings rose +2,000, to 6.8
Dan Ives is stepping down from Wedbush Securities to start his own merchant bank 🚀
The new shop will cover research, raising capital, advisory work, and investing. He's calling it a "modern merchant bank" focused on tech, energy, infrastructure, and financials - Bloomberg
Terry Smith’s investing playbook is simple: buy great companies, don’t overpay, and hold on for the long haul. No chasing trends or overcomplicating it. Just patience and focus.
Jobs in AI-linked fields are shrinking fast 📉
Over the past 3 months, sectors like graphic design, call centers, and software publishing lost about 11,000 jobs a month. Since mid-2023, only 2 months saw any growth. Back in 2022, these same industries were adding up to 55,000