Despite record earnings per share, tech giants are dramatically increasing their spending—moves that could reshape the economics of their businesses. The short- and long-term impacts of new tariffs are expected to vary drastically by industry. U.S. equities are lagging global peers by the largest margin in over 30 years. Home-purchase cancellations are rising. And Hurricane Erin has temporarily given East Coast surfers waves on par with, or better than, Southern California.
1. The Magnificent 7 have led the market for good reason:
2. But their massive increase in spending has the prospect of changing the economics of their business going forward:
3. Tariffs will effect different industries differently and take time to mitigate:
4. Despite the 8.3% gain in the S&P 500 this year, the U.S. is significantly underperforming other international markets.
5. More and more home purchases are falling through
6. While Hurricane Erin is closing beaches across the East Coast surfers have reason to celebrate as surfing conditions exceed those across top spots in Southern California
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