Treasury Secretary Bessent has indicated that multiple trade agreements are expected to materialize soon. This statement follows earlier developments in May when President Trump hinted at a major trade deal, with Bessent preparing for discussions with China.
- Key developments:
- Treasury Secretary forecasts rapid trade deal progression
- Follows Trump's earlier announcement of major trade negotiations
- China talks in preparation phase
The timing suggests an acceleration in international trade negotiations, potentially impacting global markets and economic relationships.
US Treasury Secretary Bessent: I believe we will see more trade deals coming very quickly.
AI Impact on Job Market Trends
Companies are showing a clear shift in hiring preferences, with many reducing recruitment for roles that can be automated by AI. A study by Hult International Business School reveals employers are increasingly favoring AI solutions over entry-level human workers, particularly impacting Gen Z graduates. Key trends: - Decreased hiring in AI-automatable positions - Employer preference for AI over new graduates - Significant impact on entry-level job market This shift signals a fundamental change in workforce dynamics as AI capabilities expand.
College Degree Value Questioned as AI Disrupts Job Market
Recent reports highlight growing skepticism about college education's worth in an AI-driven economy. Key findings: - Americans increasingly doubt ROI of university degrees - Gen Z graduates express regret over educational investments - AI technology rapidly changing workplace requirements - Traditional degrees may become less relevant for certain careers The shift reflects broader changes in workforce demands and rising education costs. Young professionals particularly note disconnect between degree requirements and actual job skills needed.
SEC Commissioner Clarifies Stance on Meme Coin Protection
SEC Commissioner Hester Peirce has stated that TRUMP and other meme coins will not receive SEC protection, according to CNBC. This follows earlier discussions from February 2025 suggesting meme coins fall outside the SEC's regulatory scope. Key points: - No SEC protection for meme coins including TRUMP token - May lead to potential CFTC oversight - Could impact future crypto innovation and regulation This regulatory clarity comes at a crucial time for the cryptocurrency market, particularly affecting the meme coin sector. The decision may create a regulatory gap that other agencies might need to address.
Robinhood Reports Significant After-Hours Trading Volume
Robinhood ($HOOD) reports that up to 25% of its daily trading volume now occurs outside regular market hours, according to Reuters. This milestone follows the May 2023 launch of their 24-hour market service, which enables customers to trade on their own schedule. - After-hours trading reaches 25% of daily volume - Service launched in May 2023 - Allows flexible trading schedules This shift indicates growing adoption of extended-hours trading among retail investors.