BREAKING: For the first time since April 2021, unemployed Americans (7.24M) outnumber job openings (7.18M).
Recent grads face tougher conditions too:
ā¢5ā6% unemployment rate (higher than national avg)
ā¢1/3 underemployed (working below degree level)
Goldman Sachs bought 9.46M shares of Broadcom $AVGO worth $2.61B in Q2.
Wall Streetās smart money is betting on Nvidiaās rival in the AI chip race.
Alphabet $GOOGL Stock Jumps After Judge Issues Limited Remedies in Google Monopoly Case
Google will not have to sell its Chrome web browser.
The stock is up 7% after hours.
The worldās wealthiest dynasties still hold $100āÆBā$1.4āÆT in lasting power:
⢠Rothschilds: ~$400āÆB (modern estimates)
⢠House of Saud: up to $1.4āÆtrillion
⢠Al-Thani (Qatar Royals): ~$173 B
⢠Waltons (Walmart): ~$432 B
⢠Mars family: ~$134 B
⢠Koch family: ~$148 B
Microsoft $MSFT posted $76.4B in sales last quarter:
⢠Productivity & Business (365, LinkedIn): $33.1B
⢠Intelligent Cloud (Azure): $29.9B
⢠Personal Computing (Windows, Xbox): $13.5B
The shift is clearāMicrosoft is now a cloud & subscription powerhouse.
The worldās most valuable art isnāt just cultureāitās power.
⢠Nahmad Family: $5B collection
⢠JPMorgan: 30,000+ works
⢠Deutsche Bank: 60,000 pieces
Art is one of the oldest forms of wealth preservation.
Hereās how Nvidia $NVDA did, compared with estimates from analysts polled by LSEG:
Earnings per share: $1.05 adjusted vs. $1.01 estimated
Revenue: $46.74 billion vs. $46.06 billion estimated
The U.S. fertility rate hit a record low in 2024āunder 1.6 births per woman, far below the 2.1 replacement rate (CDC, WaPo, CBS).
Raising a child to 18 now costs $300Kā$414K (LendingTree, SoFi).
High costs + stagnant wages = fewer families.
Nvidia hit a $4 trillion market capāwith only 36,000 employees. That means each employee represents over $111 million in market value, the highest among major tech companies.
For comparison:
ā¢Palantir: $84M per employee
ā¢Meta: $25M
ā¢Apple: $19M
ā¢Microsoft: $16M
ā¢Tesla:ā¦
Amazon $AMZN is teaming up with Hertz $HTZ to sell used cars online.
A new retail frontier:
ā¢Amazon expands into the auto market
ā¢Hertz gains a channel to offload its fleet
ā¢Consumers get more convenience & transparency
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