Eric Zapata retweeted
BREAKING: President Trump is calling for New Mexico to be renamed New America, effective immediately.
Eric Zapata retweeted
America appears in a homebuyer recession.
Mortgage purchase applications are down 60% from their pandemic peak, per Redfin.
Demand is now back near 1995 levels, lower than at any point during the 2008–2012 housing crash.
It comes as mortgage rates sit above 7%, pending home sales hover near record lows, and a record 14% of September deals were canceled.
Eric Zapata retweeted
JUST IN: US bank stocks fall 6 straight weeks, the longest losing streak since 2008
Eric Zapata retweeted
From the @FT: "Cracks are appearing in America’s debt-laden $10tn AI infrastructure boom as project delays, public backlash and shaky investor confidence bring a reckoning for the data centre build-out underpinning the US economy."
IMO, what makes all these issues even more interesting is that no matter how they evolve, there are significant economic, financial, social, and geopolitical implications
#economy #markets #tech #ai
Eric Zapata retweeted
BREAKING: The top 0.1% of Americans now hold more than six times as much wealth as the entire bottom half of the country.
The top 0.1% control about $28 trillion, roughly 15% of all U.S. wealth.
The bottom 50% hold about 2.5%.
Eric Zapata retweeted
🇨🇭 In Switzerland, it’s illegal to own just one guinea pig as they are prone to loneliness.
Eric Zapata retweeted
🚨 JUST IN: The historic Limoges Town Hall in France has now COLLAPSED after it was SET ABLAZE by rioters
And Macron STILL REFUSES to declare a state of emergency
He’s TOO WEAK. Rioters are in FULL CONTROL.
Eric Zapata retweeted
putin is a dictator and a war criminal. he has done more damage to the fate of his own nation than any major world leader in generations.
zelenskyy’s crime? the defense of his fellow citizens.
america’s allies understand this, every one of them.
president trump stands alone.
Eric Zapata retweeted
Representative Alexandria Ocasio-Cortez transferred $1 million to Dr. Abdul El-Sayed, a progressive running for Senate in Michigan, per NYT
The transfer represents a huge sum for a House member to give to a Senate race, especially one in a different state.
Eric Zapata retweeted
BREAKING: Google, $GOOGL, announced a major quantum computing breakthrough.
It achieved a record 99.99% accuracy producing “magic states,” a key ingredient quantum computers need to run any calculation reliably, per Science.
The work was done on Google’s 105-qubit Willow chip.
Eric Zapata retweeted
Zelenskyy to the European parliament
"The war in Ukraine will cost 153 billion euros next year we need at least 70 billion from you, this is the reality."
Eric Zapata retweeted
US boomers support tax hikes on young workers to keep current Social Security checks, per YF
Eric Zapata retweeted
🚨 MASSIVE CRASH IN JAPAN!
🇯🇵 Over ¥35,000,000,000,000 ($230 BILLION) wiped off Japanese stocks as the Nikkei plunges nearly 4%.
Markets are PANICKING as fears of further Fed rate hikes intensify!
