Good Reads
The Pentagon’s Shopping List
Washington wrote $2.1 billion of mining checks on Friday. And I’d bet you did what almost everyone did: saw the number, felt the itch, pulled up a ticker or two. The dollar amount is the only line in a government deal that pays you nothing. The instrument underneath is what moves stocks, and Friday’s instruments were telling you not to chase. Read on »
U.S. budget deficit surged in July to highest level since March 2021
The U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on the federal debt continued to weigh on the nation’s fiscal picture, the Treasury Department reported Wednesday. In addition to the big single-month jump, the collective red ink across the first 10 months of the government’s fiscal year rose to nearly $1.8 trillion and surpassed the same period in 2025. Read on »
Sports Betting the Newest Gen Z Investment Strategy in the War Against Inflation
According to recent Bloomberg research, people are increasingly using sports betting as a “deliberate part of long-term financial strategy.” Talk about taking on risk. Around 12% of the people surveyed said that gambling was one of their investment tools. Gen Z is driving this trend, with 26% saying sports betting is part of their investment strategy. Meanwhile, 52% of the Gen Z respondents admitted directing investment funds into sports betting over the last year. Read on »
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