VentureEcon

Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media cnbc.com/2026/06/01/ira…

For decades, buying a new car was a milestone. Now, for a lot of Americans, it's starting to look more like a luxury.

Only about a third of Americans now believe a four-year college degree is worth the cost. Increasingly, students and families are questioning it too. As many colleges across the country face shrinking enrollment, more than 60 institutions are now offering students a faster path to graduation. to.pbs.org/4eRDxCp

Americans are saving less as the everyday cost of living rises and wages struggle to keep up. The personal savings rate — defined as the share of income Americans have after taxes and expenses — hit 2.6% in April, according to data from the Bureau of Economic Analysis released on Thursday. That’s down from 3.2% in March, and 5.8% a year prior. Full details: cnb.cx/4fN6Ia4

AI is truly eating the US economy.

Employees are being asked to embrace a technology that causes fear economist.com/business/2026/…

Nearly one in five older Americans in the labor force in 2025 #BLSData bls.gov/opub/ted/2026/…

AI is largely developed by men with uses that are biased against and predatory toward women. Faced with threats to their livelihoods, many admin assistants have felt forced to use it. Women make up 86% of those in jobs vulnerable to be replaced by AI. 19thnews.org/2026/05/women-…

The 10,500 diesel backup generators attached to data centers in Virginia produce enough pollution to harm public health in the region even if used rarely, according to a new analysis of emissions permits for The Post. wapo.st/3RylZlb

At some point... this bubble must burst.

NEW: Amazon has reportedly scrapped its internal AI leaderboard as costs soared, with a senior executive telling staff: “don’t use AI just for the sake of using AI.”

A record-high 56% of Americans rate moral values in the U.S. as “poor,” up 12 percentage points from last year.

US consumers almost out of savings: in the last 2 months, personal savings rate collapsed by 1% to 2.6%, just shy of all time low

AI will eliminate 92 million jobs by 2030, and create 170 million new ones. Net result: +78 million jobs. But here's what the headline misses: The jobs eliminated are mostly low-skill, low-pay, entry-level. The jobs created mostly require skills most people don't yet have. It's not a jobs crisis. It's a skills crisis. SOURCE: World Economic Forum Future of Jobs Report 2025.

The AI numbers are starting to look very ugly. Even under "best case" assumptions, FT's own data shows Microsoft AI ROI at -9%, Google at -15%, Meta at -28%, Oracle at -35%. Only Amazon barely comes out positive. This is exactly why I keep comparing this to the dot-com era. Incredible technology does not automatically mean sustainable economics. The internet survived. Most internet companies didn't. Right now hyperscalers are spending trillions hoping future demand catches up to present capex. That's not certainty. That's a leveraged bet.

AI is dangerous because it creates an illusion that makes you feel like an expert.

JUST IN: FBI warns of rising “anti-tech extremism” as opposition to AI & data centers intensifies.

It is a tough job market for young college graduates. For young people without a bachelor’s degree, it is even tougher. 🔗 on.wsj.com/3RvIjff

.@TuttleCapital says that markets are focused on AI rather than developments out of Iran. When it comes to the AI trade, “we could be in a bubble,” he says. Tuttle explains how he thinks investors should approach portfolio allocation. He likes $SHMD, $INFQ and $CLF. For more: schwabnetwork.com/?CID=SM:Twitte…

Is the AI euphoria justified? On Fox Business, I discuss why investors need to stay diversified and focus on the long term. foxbusiness.com/video/63966868…