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JUST IN: 🇺🇸 Bank of America warns AI investment surge is starting to look like a cycle that could end in major collapse soon.
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BREAKING: The Nasdaq 100 officially closes the week down -5.5%, posting its largest weekly decline since April 2025.
The index is now down -7% from its high seen just 10 days ago.
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Owners at The Galleon, an 18-story oceanfront condominium built in 1967 in Fort Lauderdale have been hit with special assessments ranging from around $135,000 to $320,000 to help cover the spiraling cost of years of structural work.
#RealEstate
dailymail.com/yourmoney/arti…
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BREAKING: More than 14% of U.S. home purchase agreements were canceled in September, the highest rate for any September on record, per Redfin.
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48% of U.S. adults are very concerned about people who want to work being unable to find jobs, per Axios.
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BREAKING: South Korea's stock market is officially down more than -15% over the last 5 days.
Nasdaq 100 futures are currently down -1% in overnight trading.
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BREAKING: U.S. bankruptcy filings are up 11% this year.
469,719 bankruptcies were filed in the first nine months of 2026, per Epiq AACER, up from 423,168 a year earlier.
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BREAKING: 14.5% of home-purchase agreements that went under contract fell through in September, the highest rate for any September on record.
The only higher readings occurred during the pandemic shock in March and April 2020.
By comparison, between 2017 and 2019, this metric never exceeded 12.0%.
Jacksonville posted the highest cancellation rate last month, at 19.9%, followed by Tampa at 18.8%, Las Vegas at 18.6%, and San Antonio at 18.5%.
In September, home sellers outnumbered buyers by ~63%, the widest gap on record.
US homebuyers are canceling deals at a historic pace.
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JUST IN: 🇺🇸 US government fines Bank of America $1,200,000,000 over money laundering failures.
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BREAKING: Young Americans are falling further behind.
Change in median net worth by age since 2022, per the Federal Reserve:
75 and older: +37%
65–74: -4%
55–64: +3%
45–54: -6%
35–44: +5%
Under 35: -23%
The youngest households saw the biggest drop of any group, while the oldest saw the biggest gain
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Recession vibes.
So many great consumer companies are getting absolutely pummeled.
Most people have zero discretionary income thanks to inflation.
