VentureEcon

Exploring wealth dynamics to foster a thriving economic ecosystem through innovative solutions and policies. #EconTwitter #Economics

[Good Morning America @GMA]

More Americans are moving away from coastal areas and to the Midwest as the national cost of living continues to grow. https://t.co/nm7uZgvvUO

[Hannah Riley Fernandez @hannahcrileyy]

big scandal in Atlanta - amid an ongoing housing crisis, the city spent over $100,000 of money FROM the affordable housing trust fund on…consultants. overall, they paid $370k to marketing/comms consultants who didn’t disclose they were being paid by ATL https://t.co/sCfbtsTt8k

[ABC News @ABC]

Sellers are taking their homes off the market in droves, putting upward pressure on housing prices and cooling off an already-chilly market, some analysts told ABC News. https://t.co/jqXA2VSeDT

[CBS News @CBSNews]

Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds. https://t.co/f3GPnrQ9d9

[Kalshi @Kalshi]

JUST IN: Small business bankruptcies rose 36% in past year

[CNN @CNN]

A federal judge has voided President Donald Trump’s requirement of a $100,000 application fee for H-1B visas, ruling that he lacked authority to impose the new policy for a program used by companies to hire highly skilled foreign workers in specialized fields. https://t.co/P7mG2iCGkP

[Hedgeye @Hedgeye]

The K-Shaped Economy:

U.S. corporations are keeping the largest share of national income since 1950, while the share going to workers hit an all-time low.

[CNBC @CNBC]

U.S. households grew more worried over their financial situation, with the share of those seeing things as much worse than they were 12 months ago hitting a nearly four-year high, according to a Federal Reserve Bank of New York survey.

While the central bank’s monthly Survey of Consumer Expectations, released Monday, showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.

Read more: https://t.co/5h0xprml3Q

[Jon Brooks @jonbrooks]

$136k is the new poverty level of income

[Amy Nixon @texasrunnerDFW]

Worst market in a whole century 😂

[Kevin Gordon @KevRGordon]

The duration of unemployment keeps grinding higher ... median weeks unemployed rose to 11.6 in May (longest since November 2021)

[Alexander Panetta @Alex_Panetta]

Striking paper from Wharton. The big conclusion: AI must increase productivity 2.7x -- and quickly -- or tech companies risk bankruptcy with all that entails for the economy. For context: this is how a quickie 2.7x productivity boom would compare to historical precedent. Paper linked in my daily AI digest. Useful context for OpenAI reportedly talking to the US government about a bailout (ahem, I mean ownership stake).

[CNBC @CNBC]

Household worries over finances hit highest level since July 2022, New York Fed survey shows https://t.co/AkQaHUaEbG

[Barchart @Barchart]

The Top 1% of U.S. earners now have more wealth than the entire middle class

[BLS-Labor Statistics @BLS_gov]

5.7 percent of U.S. families included an unemployed person in 2025 https://t.co/4LPudR5whV #BLSdata

[The Kobeissi Letter @KobeissiLetter]

The US job market is experiencing a historic divergence:

US information technology employment has declined -11%, since the launch of ChatGPT in November 2022.

During this period, the tech sector has shed -332,000 jobs, down to 2.78 million.

At the same time, private education and health service employment has risen +13%, to an all-time high.

This comes as the sector has added +3.16 million jobs.

As a result, technology employment is now below pre-pandemic levels seen between 2017 and 2019.

AI remains a key force transforming labor market conditions.

[Ronnie Chatterji @RonnieChatterji]

We're launching the OpenAI Economic Research Exchange: a new program for external researchers conducting independent research on the economic impacts of AI.

We are looking for rigorous empirical projects on questions that matter for workers, firms, institutions, and the broader economy.

https://t.co/NRjJtlS7eD

[Groundwork Collaborative @Groundwork]

Watching live sports is less affordable & accessible than ever.

“The price of watching live sport — & live music — has exploded over the last decade for 3 main reasons: monopoly, dynamic pricing, & scarcity,” @owenslindsay1 explains.

Excellent reporting from @mjshrimper 👇

https://t.co/X6ldN2sSb3

[Fast Company @FastCompany]

"As the U.S. prepares for an extravagant celebration of its founding principles, fewer Americans see their country as exceptional." https://t.co/IEz79kGGrR

[CNN @CNN]

For thousands of participants in new, early research, those eating more than 25% of one's daily calories after 9 p.m. while stressed were as much as 2.5 times more likely to have abnormal bowel habits like constipation or diarrhea. https://t.co/zK0uze8GzU