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Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money
Macro

Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money

Secondhand apparel is on track to hit $393 billion by 2030—and brands no longer want eBay and Poshmark collecting all of it.

fortune.com · Aug 06, 2026 · 1 min read
As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Macro

As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead

Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.

cnbc.com · Aug 05, 2026 · 1 min read
5 years after NIL began, college coaches still out-earn the athletes they coach
Macro

5 years after NIL began, college coaches still out-earn the athletes they coach

Booster-funded collectives helped athletes like Bo Nix and the Cavinder twins land brand deals, but Trump's executive orders show the fight is not settled.

fortune.com · Aug 05, 2026 · 1 min read
Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
Macro

Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.

cnbc.com · Aug 05, 2026 · 1 min read
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
Macro

A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’

Four index providers rushed SpaceX into millions of 401(k)s within 25 days of listing. D.A. Davidson’s Gil Luria sees how Musk already knows how this will play out.

fortune.com · Aug 05, 2026 · 1 min read
‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis
Macro

‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis

"Left-wing mayors have made it very difficult for developers to build here," Ackman told Fortune. He highlighted Ken Griffin as a key example.

fortune.com · Aug 05, 2026 · 1 min read
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Macro

Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says

Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.

cnbc.com · Aug 05, 2026 · 1 min read
Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Macro

Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says

Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.

cnbc.com · Aug 05, 2026 · 1 min read
Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks
Macro

Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks

The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.

cnbc.com · Aug 05, 2026 · 1 min read
From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer
Macro

From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer

Ken Griffin helps fund Pochettino through 2030, KKR backs MLS's development league, and the new MLS commissioner is an Apollo veteran.

fortune.com · Aug 04, 2026 · 1 min read
Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a little league team’
Macro

Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a little league team’

Musk said the rocket scientist behind SpaceX’s reusable rockets gives the company an edge in building AI data centers as rivals race to expand compute capacity.

fortune.com · Aug 04, 2026 · 1 min read
Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'
Macro

Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'

"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.

cnbc.com · Aug 04, 2026 · 1 min read
Europe’s long, hot summer leads to thousands evacuated and fire operators dead
Macro

Europe’s long, hot summer leads to thousands evacuated and fire operators dead

France, Greece and the United Kingdom have faced severe heat and dry weather—leading to emergency fire operations and drought conditions.

fortune.com · Aug 04, 2026 · 1 min read
Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling
Macro

Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling

The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.

cnbc.com · Aug 04, 2026 · 1 min read
Santander launches inflation-beating fixed-rate ISAs amid cash ISA boom
Macro

Santander launches inflation-beating fixed-rate ISAs amid cash ISA boom

# Santander Unveils Inflation-Busting Fixed-Rate ISAs Amidst Cash ISA Surge **SUMMARY:** Santander has launched a new series of fixed-rate cash ISAs that offer rates exceeding inflation, marking a significant trend in the savings market. With upcoming changes to ISA regulations and the potential for base rate cuts next year, savers are presented w

assetmarketcap.com · Aug 04, 2026 · 5 min read
Polymarket in talks for fundraising round at more than $20 billion valuation
Macro

Polymarket in talks for fundraising round at more than $20 billion valuation

The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.

cnbc.com · Aug 04, 2026 · 1 min read
Philadelphia Fed President Paulson content with rates at current level, but keeping an open mind
Macro

Philadelphia Fed President Paulson content with rates at current level, but keeping an open mind

Paulson said voting with the majority last week wasn't a tough decision.

cnbc.com · Aug 04, 2026 · 1 min read
Kalshi strikes partnership with compliance tech firm to help companies police insider trading
Macro

Kalshi strikes partnership with compliance tech firm to help companies police insider trading

The company will announce a partnership with Comply, a compliance technology company, on Tuesday, Kalshi told CNBC.

cnbc.com · Aug 04, 2026 · 1 min read
Ray Dalio on the AI bubble nearing 1929, 2000 levels and the lesson people always forget: ‘Wealth is not the same as money’
Macro

Ray Dalio on the AI bubble nearing 1929, 2000 levels and the lesson people always forget: ‘Wealth is not the same as money’

"You see a lot of people getting wealthy but you can't spend the wealth," the Bridgewater Associates founder told Diary of a CEO.

fortune.com · Aug 04, 2026 · 1 min read
The AI race isn’t about models, it’s about infrastructure—and the U.S. is still far ahead
Macro

The AI race isn’t about models, it’s about infrastructure—and the U.S. is still far ahead

So long as the U.S. controls the underlying infrastructure that enables AI ecosystems, it will stay dominant.

fortune.com · Aug 04, 2026 · 1 min read
Palantir shares jump 13% as U.S. AI demand sends revenue soaring past targets
Macro

Palantir shares jump 13% as U.S. AI demand sends revenue soaring past targets

Revenue surged 93% year over year as U.S. commercial sales climbed 149%, prompting Palantir to lift its full-year outlook above Wall Street expectations.

fortune.com · Aug 03, 2026 · 1 min read
Kalshi traders think July jobs report will come in slightly cooler than economists’ predictions
Macro

Kalshi traders think July jobs report will come in slightly cooler than economists’ predictions

Speculators on the platform place just under 50-50 odds that employers added more than 80,000 jobs in July.

cnbc.com · Aug 03, 2026 · 1 min read
California's diesel prices have jumped since the Iran war started, with ripple effects across the country
Macro

California's diesel prices have jumped since the Iran war started, with ripple effects across the country

California has the highest gas prices in the country as well as the busiest containership port, meaning consumers across the country could feel the impact of higher diesel.

cnbc.com · Aug 03, 2026 · 1 min read
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
Macro

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.

cnbc.com · Aug 03, 2026 · 1 min read
Yen rises amid speculation of more intervention after U.S. support
Macro

Yen rises amid speculation of more intervention after U.S. support

The Japanese currency swung from a small decline to gain as much as 1.4% versus the dollar during morning trading in Tokyo.

fortune.com · Aug 03, 2026 · 1 min read
Tourism price wars threaten to dim a rare bright spot in China's consumer spending
Macro

Tourism price wars threaten to dim a rare bright spot in China's consumer spending

China’s domestic tourism is underperforming, with hotel revenues falling as soft demand pressures room rates.

cnbc.com · Aug 03, 2026 · 1 min read