This was a historic week. Democrats, in a so-called “blue wave,” managed to take control of both the Senate and House of Representatives. In response, a wave of tech sell-offs battered Wall Street.
The rising cost of living is forcing more Americans to rethink their retirement plans. Meanwhile, rising inflation means retirees are set to see a modest bump in their Social Security benefits for 2027.
The Fed recently raised interest rates, but that didn’t send the markets into a panic. Meanwhile, Gen X and millennials are rethinking their retirement plans.
The Fed recently hiked rates for the first time in three years. Fed Chair Kevin Warsh said “inflation is too high and has been for too long” when he talked about the decision.
Happy Friday!
Dutch semiconductor equipment maker ASML recently raised its 2026 sales outlook for the second time this year amid a strong quarter. But what really stood out was its highly detailed production guidance.
AI has been the primary driver of America’s industrial revival and economic growth. That said, the American economy isn’t the only one getting a boost, the rest of the world is benefitting as well.
Corporate dealmaking continues to pick up well into 2026 after reaching record highs last year. On the other hand, regulators are attempting to do away with an old stock trading rule that ensured investors get the best prices.
Big Tech’s once-positive cash flows are going negative, and investors are worried. Meanwhile, with living costs rising, Americans are delaying their retirement.
Happy Friday!
We’re about to witness one of the biggest IPOs in recent memory. The Elon Musk-led SpaceX plans to raise $75 billion at a nearly $1.8 trillion valuation. Meanwhile, OpenAI quietly filed its IPO paperwork.
While the workweek is about to draw to a close, that doesn’t mean this week was uneventful. 2026 is shaping up to be a banner year for IPOs as SpaceX is set to go public. Not to be outdone, AI heavyweight Anthropic quietly submitted its IPO paperwork.
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