Trump says 10 to 12 countries will get letters on tariff rate on Friday

Emily Sundberg dives into the financial anxieties of Gen Z, arguing that this generation isn’t waiting for systemic solutions—they’re grappling with economic instability head-on. The piece unpacks their pragmatic (and often bleak) outlook on money, from student debt to housing costs, and how it’s reshaping their life choices.

Editor’s Note: This isn’t just another "woe is Gen Z" take. It’s a reality check about how young people are navigating a world where traditional safety nets—like affordable homes or stable jobs—feel like relics. Their struggles signal bigger cracks in the economy that could ripple outward, affecting everything from consumer habits to political movements. Worth reading if you’re curious why Zoomers seem both resigned and resourceful.

Emily Sundberg, creator of the Feed Me newsletter, dives into the financial anxieties of Gen Z in New York City. She describes a generation bracing for economic doom—convinced AI will wipe out jobs, capitalism is rigged, and no safety net exists. Their response? A mix of frantic hustle ("secure the bag") and deliberate spending, reshaping how they invest, consume, and plan for a future they don’t fully trust.

Editor’s Note: Money mindsets reveal deeper cultural shifts. If young professionals feel the system’s stacked against them, it affects everything—from their Starbucks orders to their 401(k)s. This isn’t just about budgets; it’s about a generation redefining success (and survival) in a world they expect to burn.

Foxconn, the Taiwanese tech giant best known for manufacturing iPhones, just reported a solid second quarter with revenue jumping nearly 16% compared to last year. While we don’t have the full breakdown yet, this suggests stronger-than-expected demand for electronics—or maybe just fewer supply chain headaches than in recent years.

Editor’s Note: Foxconn’s health is often a bellwether for the broader tech industry, especially consumer electronics. A revenue bump like this hints that gadget demand might be stabilizing after a rocky post-pandemic period. Investors will be watching closely to see if this is a temporary rebound or the start of a longer trend.

In a move that eases trade tensions, China has decided not to impose steep anti-dumping duties on major European cognac producers like Rémy Cointreau and Pernod Ricard. This comes after months of uncertainty and fears of retaliatory tariffs, which could have hit the luxury spirits market hard. The decision signals a potential thaw in trade relations between China and the EU, at least in this sector.

Editor’s Note: Cognac lovers and investors can breathe a sigh of relief—for now. China’s decision avoids a costly trade spat that could have driven up prices or disrupted supply. But it’s also a strategic move, hinting at possible behind-the-scenes negotiations between the EU and China. With global trade tensions running high, this could be a small step toward de-escalation—or just a temporary pause before the next round of disputes. Either way, it’s a win for big-name brands and a sign that diplomacy isn’t completely off the table.

OPEC+ has tentatively decided to boost oil production more than anticipated next month, according to insiders. The move, spearheaded by Saudi Arabia, aims to claw back some of the group's influence in the global oil market.

Editor’s Note: This isn't just about pumping more oil—it's a strategic play. With prices still high and global demand shaky, OPEC+ is trying to balance market control against the risk of oversupply. For consumers, it might mean slight relief at the pump, but it also signals the cartel's readiness to flex its muscles when needed.