US companies pare back hiring plans in April, with employers announcing the fewest new hires in the first four months of the year since 2016, per Bloomberg.

Trump: We will be appealing guilty verdict.

Median asking rents jumped 8.6% to $3,475 last year, while average wages in New York climbed just 1.2%, per Bloomberg.

The city’s housing shortage has also worsened, with a 380,047 deficit in homes outpacing metro areas in San Francisco, Chicago and Boston combined.

New York is the city with the most millionaires in the world, with the Bay Area as second:

Donald Trump is holding a news conference at Trump Tower, one day after he was found guilty of all 34 counts, per CNN

Over 1 in 3 U.S. homes are now bought with cash, per Axios.

47% of US adults think college is worth the cost — but only as long as they don’t need to take out a loan, per Bloomberg.

Only 22% of respondents said a college degree is worth it even with student debt.

The US elections could cause more volatility for the Mexican peso than the general vote in June, according to JPMorgan, $JPM

On average, upcoming buyers want to purchase a home that costs $483,490 — about 2% less than the national average of $492,300, per Clever Real Estate.

Quoted China energy storage system prices more than halve in 2024, per Bloomberg:

4% of today’s retirees said they are “living the dream,” according to a new survey from asset management company Schroders.

4% said they are “living the nightmare.”

44% said they are comfortable; 34% said they are not great, but not bad; and 15% said they are struggling.

U.S PCE PRICE INDEX (MOM) (APR) ACTUAL: 0.3% VS 0.3% PREVIOUS; EST 0.3%

U.S PCE PRICE INDEX (YOY) (APR) ACTUAL: 2.7% VS 2.7% PREVIOUS; EST 2.7%

Unemployment has stayed low at 3.8% because companies aren’t firing workers & few are quitting.

But at 3.5 hires per 100 current employees, the rate of onboarding is what the US experienced during the long “jobless recovery” from the global financial crisis, per Bloomberg.

'There are two Americas in 2024: the one for people with jobs, homes and stock portfolios, and the one for everyone else,' per Bloomberg.

Bank regulator in Canada warns of housing-payment shock by 2026, per Bloomberg.

76% of outstanding residential mortgages in Canada as of February will be coming up for renewal by the end of 2026, with 15% of mortgages as variable rates with fixed payments.

It’s plausible that the US won’t know who their next president is on Nov. 5 or the days to come, per Goldman Sachs, $GS.

And a prolonged decision could spur a surge in market volatility that investors aren’t pricing in, per $GS.

Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy, per CNBC.

Luxury housing prices have increased in Manila and Tokyo, and have decreased in New York, London, and Hong Kong, per Bloomberg:

58% of 2024 graduates say the current economic news makes them feel 'somewhat' or 'very' pessimistic — up from 46% last year, per Axios.

'If the fed makes a mistake and cuts rates,' the S&P will mellt up, and ‘blow right through 5,400’ with easing in July or September, per Ed Yardeni.