🇺🇸 JUST IN: Median US family net worth by age, per the Fed: just $33,000 under 35 vs $505,000 at 75+

🔹 35–44: $156K · 45–54: $255K · 55–64: $411K · 65–74: $432K
🔹 Wealth gap between young and old Americans is over 15x

💰 @money

🇺🇸 BREAKING: Trump on high gas prices: "We're making a freaking fortune"

🔹 "They'll say I'm bragging while people are suffering at the pump. I don't give a damn."
🔹 Comes as oil stays hot on the Iran conflict and drivers keep paying more

💰 @money

📉 JUST IN: Goldman Sachs slashes its South Korea KOSPI target by 25%, from 12,000 to 9,000

🔹 The index has crashed over 35% from its June peak as the AI trade unravels
🔹 Goldman still sees 60%+ upside from current levels

💰 @money

📉 JUST IN: Bitcoin and gold are 2026's worst major assets — a historic first

🔹 BTC -7.3% YTD, gold -7.5% through Oct 23 (Charlie Bilello)
🔹 First calendar year both ranked at the bottom together

💰 @money

🚨 BREAKING: Elon Musk confirms SpaceX closed $40 billion in debt to buy AI chips

🔹 GPU deliveries eyed for Q1–Q2 2027; SpaceX Q3 revenue hit $14.58B (+161% YoY)
🔹 Capex nearly tripled to $19.6B as the company races to expand AI infrastructure

💰 @money

🇧🇷 BREAKING: Brazil markets crash after Lula wins — Bovespa futures down nearly 20%

🔹 Brazilian real slumps more than 8% in spot trading
🔹 JPMorgan downgrades the real & local bonds to neutral, sovereign bonds to underweight

💰 @money

🚨 JUST IN: Microsoft offers buyouts to 60,000 workers amid AI spending boom

🔹 Voluntary exits for ~60K staff across US, Canada, India & UK as it reshapes for AI
🔹 Cost cuts while Big Tech redirects billions into AI infrastructure

💰 @money

🇺🇸 BREAKING: US forces ready to launch major strikes on Iran within 96 hours of a TRUMP order, per CNN

🔹 US official warns Iran: change behavior or face "mission completion"; Tehran vows to respond in kind
🔹 Oil on edge: Brent settles at $115.81, WTI at $101.76

💰 @money

🚨 JUST IN: Saylor’s Strategy pauses Bitcoin buys — spends $205M on preferred stock buybacks

🔹 Holdings flat at 848,517 BTC; no buys or sales Oct 19–25
🔹 Repurchased 2.07M STRC shares; still holds $5.1B in USD assets

💰 @money

🇮🇷 BREAKING: Iran's Supreme Leader calls for meeting conditions to END THE WAR

🔹 Comes after CNN reported US forces could strike within 96 hours of a TRUMP order
🔹 Hormuz still tense: Iran's navy says an "offending" tanker caught fire after hitting mines

💰 @money

📉 BREAKING: China's STAR 50 tech index has CRASHED 40% since June

🔹 Reuters reports China's AI bubble has "burst" as the bear market deepens
🔹 Morgan Stanley warns Chinese stocks face further losses before they bottom

💰 @money

🇺🇸 BREAKING: The TRUMP administration now holds stakes in 40 companies

🔹 Intel & GlobalFoundries grants were turned into government equity
🔹 Pentagon deal gave Washington warrants for up to 7.5% of Wolfspeed

💰 @money

🇺🇸 JUST IN: US national debt hits a new all-time high of $40.5 TRILLION

🔹 Record lands a week before the Nov. 3 midterms, with affordability a top voter issue
🔹 Markets shrug: Nasdaq 100 +1.3% ahead of the Fed decision, Bitcoin back above $81,000

💰 @money

🇹🇭 JUST IN: Thailand's Supreme Court rules Bitcoin is legal property

🔹 Full-bench ruling in a robbery case where a victim was forced to send 2.48 BTC (~$50K)
🔹 Court says BTC has market value and can be owned — property, not legal tender

💰 @money

🇧🇷 JUST IN: Brazil's largest bank Itaú Unibanco becomes first to offer regulated crypto trading & custody

🔹 Formalized under new central bank rules; offers 15 assets incl. BTC, ETH, SOL
🔹 Opens Bitcoin trading & custody to ~98.5M bank customers

💰 @money

🇺🇸 BREAKING: Fed holds rates at 3.75%–4.00% — Warsh: inflation is "too high"

🔹 Decision 10–2; Cook & Hammack dissented for a 25bp hike
🔹 Traders price an 86% chance of a December hike (CME FedWatch)

💰 @money

📉 BREAKING: Google stock crashes over 7% after Q3 revenue miss

🔹 Revenue $127.58B missed estimates; Cloud beat but Services & Search missed
🔹 Shares tumble after hours as Big Tech earnings rattle markets

💰 @money

🇺🇸 JUST IN: US Q3 GDP grows 3.4% as PCE inflation hits 3.6%

🔹 Growth beats 3.2% forecast, accelerating from 2.2% in Q2
🔹 Sticky inflation keeps Fed hike bets alive after yesterday's hold

💰 @money

🇦🇪 JUST IN: Dubai royal-backed firm unveils $1.5 billion Bitcoin strategy

🔹 Standard Asset Company pairs BTC with UAE real estate under one mandate
🔹 Coinbase Asset Management named exclusive manager for its Bitcoin holdings

💰 @money

🚨 BREAKING: Polymarket halts trading after a third-party provider is compromised

🔹 Users report stolen funds, some claiming losses of hundreds of thousands of dollars
🔹 Polymarket says the issue is fixed and affected users will be made whole

💰 @money