Oil edges down on expectations of more OPEC+ supply, tariff fears

Amazon CEO Andy Jassy isn’t mincing words—he thinks AI is the biggest tech revolution since the internet, but it’s also likely to shrink job numbers even further. This comes after Amazon already laid off 27,000 employees over the past year. Jassy sees AI as a game-changer for efficiency, but workers might pay the price.

Editor’s Note: When a tech giant like Amazon admits AI could mean fewer jobs, it’s a wake-up call. This isn’t just about automation replacing warehouse workers—it’s about AI reshaping white-collar roles too. For workers, it’s a red flag; for businesses, it’s a roadmap. Either way, the labor market’s about to get bumpy.

Stocks had a mixed day as investors nervously waited for the Senate to vote on a major spending bill. The S&P 500 and the dollar dipped, while the Dow managed to eke out gains. Tesla took a hit, though—its stock dropped sharply amid broader uncertainty.

Editor’s Note: This isn’t just another day on Wall Street. The market’s jitters reflect high stakes in Washington—the Senate’s vote could shape everything from inflation to corporate earnings. Tesla’s slump is a warning sign for tech stocks, and the dollar’s slide hints at global unease. In short: buckle up, because policy drama is moving markets.

Billionaire investor Peter Thiel made a bold move shortly after Facebook went public in 2012, selling off 20 million shares at $20 apiece. Fast forward to today, and those same shares would be worth a staggering $15 billion more—roughly 37 times his exit price. It’s a classic "what if" story of early investors leaving billions on the table by cashing out too soon.

Editor’s Note: This isn’t just a juicy "missed opportunity" tale—it’s a reminder of how unpredictable tech stocks can be, even for savvy investors like Thiel. While he still walked away with a hefty profit, the story highlights the risks (and potential regrets) of timing the market. For everyday investors, it’s a lesson in patience—or at least a reason to wince at hindsight.

Saks, the luxury department store, is in a tricky spot. Creditors and vendors are getting nervous about the company's financial health, raising concerns about its future. It’s not clear yet whether this is just a rough patch or a sign of deeper trouble, but the unease is real—and could ripple through the retail world.

Editor’s Note: When big-name retailers like Saks hit financial turbulence, it’s more than just corporate drama—it affects jobs, suppliers, and even how we shop. If vendors lose confidence, shelves could thin out, and if creditors tighten the screws, restructuring (or worse) might be on the table. For a luxury staple like Saks, this could signal shifting tides in high-end retail.

General Motors had a solid second quarter, with sales climbing 7% compared to last year. That’s a healthy bump, suggesting demand for their vehicles—whether gas-powered or electric—is holding steady despite economic wobbles.

Editor’s Note: Car sales are often a pulse check on consumer confidence, so GM’s growth hints that people are still willing to spend on big-ticket items. It’s also a win for GM’s strategy, especially as they juggle the shift to EVs while keeping their gas-powered lineup competitive. If this keeps up, it could signal smoother roads ahead for the auto sector.