A UBS report found that the US gained 379,000 new millionaires last year, an increase of 1.5% from 2023. That gives the country 23.8 million total millionaires, the most in the world, dwarfing second-place China’s 6.3 million. –CNBC, June 19, 2025
Amazon is on track to reach 350 million global Prime memberships by year-end, up from 200 million in 2021, according to JPMorgan. This year’s July Prime Day has been extended to a four-day event, with projected sales expected to hit $23.8 billion. – Sherwood News, July 8, 2025
U.S. universities are seeing a roughly 10% decline in international graduate enrollment, including master’s and doctoral students, which could slash around $3 billion in tuition revenue this year. – Financial Times, July 8, 2025
Core CPI increased 0.2% compared to forecasts for an increase of 0.3%. June’s core reading was the fifth straight weaker than- expected report, which is tied for the second longest streak of weaker-than-expected readings since at least 1998. –J.P. Morgan & Bespoke
In 2024, health care was the largest employer of any economic sector in 38 out of 50 states, while manufacturing was the dominant sector in just six states. In 1990, the manufacturing sector was the dominant employer in 35 states and health care wasn’t the top employer in any state. –New York Times, July 3, 2025
In a recent Gallup survey, a majority of US adults said AI will have more of an impact on society than other major technologies when they were introduced like the telephone (52%), the internet (56%), the computer (57%), the smartphone (59%) and robotics (66%). –Gallup, July 10, 2025
The average annual cost for family health insurance coverage increased 297% from $6,438 in 2000 to $25,570 in 2024. At an annualized increase of 5.92%, health insurance costs have increased at 2.3 times the rate of inflation. –Kaiser Family Foundation, October 9 ,2024
The top 10 stocks now account for almost 40% of the S&P 500’s market capitalization; that figure was closer to 20% near the peak of the dot-com boom at the end of 1999. The market, however, isn’t as expensive as it might appear—the 10 most valuable stocks in the S&P 500 traded for about 27 times 12-month forward earnings, cheaper than 44 times at the start of 2000.–Barrons, July 16, 2025
About one in seven pending home sales fell through last month, as the power in the housing market shifts toward buyers. Just over 57,000 home-sale agreements nationwide were canceled in June, equal to 14.9% of homes that went under contract, according to Redfin. That's up from 13.9% a year earlier and is the highest June share in records dating back to 2017. There are hundreds of thousands more home sellers than buyers, giving buyers more options to choose from and more negotiating power. Buyers have room to be picky; they may back out during the inspection period if a better home comes up for sale or they discover an issue they don't want to fix.–Yahoo Finance, July 21, 2025
