CALIFORNIA’S JOB MARKET FLASHES RED: LONG-TERM UNEMPLOYMENT SURGES TO 27% AS HIRING STALLS

40-50 days for sea mine removal in Hormuz once the effort begins, per RTRS #MacroEdge

From Goldman's Delta-1 head, Rich Privorotski: "A panel of Gemini 3 Flash, Kimi K2.6 and DeepSeek V4 Pro, fused together, beat solo GPT-5.5 and solo Opus 4.8 outright, while landing within 1% of Fable 5 at roughly half the cost.” (Openrouter -X ) If true, this is exactly the direction of travel the market has been underestimating. The race for intelligence increasingly feels as though it is shifting from a handful of labs toward model orchestration and open-source ecosystems. That is simultaneously bullish and bearish. Bullish because lower costs and broader access should ultimately drive more token consumption and more compute demand. Bearish because it accelerates token deflation and raises questions around the durability of model economics. The trillion dollar question remains whether lower intelligence costs ultimately create more demand than they destroy pricing power."

US LARGE CORPORATE BANKRUPTCIES HIT SECOND-HIGHEST LEVEL IN 16 YEARS 229 LARGE COMPANIES FILED FOR BANKRUPTCY IN THE FIRST FOUR MONTHS OF 2026, MARKING THE SECOND-HIGHEST PACE SINCE 2010

AI Data Center Boom Faces Reality Check: Over 60% of U.S. Capacity Planned for 2027 Still Not Under Construction More than 60% of U.S. data center capacity targeted for completion by 2027 has yet to begin construction, while an additional 7% of projects are already facing delays, highlighting a growing gap between AI infrastructure announcements and actual buildout progress.

Auction June 17 Initial Deposit $250,000 8701 Georgia Ave. Silver Spring, Maryland - the Zalco Building January 2019 Refinance: $12.9M loan from Citi Real Estate Funding Inc. 96K Square Feet Built 1961 Auction to be held at the front door of the Montgomery County Judicial Center, 50 Maryland Avenue, Rockville, Maryland June 17, 2026 3:30pm EDT. -Alex Cooper Auctioneers #commercialrealestate

When 60% can not read the hustle wins

Why is everything on X now just clippers advertising for the worst people on social media

fourth turning

NEW COLLEGE GRADS HAVE HIGHER UNEMPLOYMENT THAN THE OVERALL WORKFORCE FOR THE 8TH STRAIGHT YEAR The craziest part? From 1990 to 2018, they beat the average worker for 29 straight years. Grey bars = better off. Red bars = worse off. And it's growing.

The number of 18-year-old high school graduates peaked at 3.9 million last year and will continue to decline annually for the next 15 years.

Most of these jobs don't exist or will be given to people overseas

U.S. TO INDIA: ALL COMMERCIAL VESSELS MUST COMPLY WITH U.S. ORDERS IN THE STRAIT OF HORMUZ RUBIO TELLS JAISHANKAR U.S. WILL NOT TOLERATE BLOCKADE VIOLATIONS OR IRANIAN OIL SHIPMENTS STATE DEPARTMENT: U.S. FORCES SEEKING TO MAINTAIN PEACE AND SECURITY IN HORMUZ

U.S. SMALL BUSINESS HIRING PLANS FALL TO LOWEST LEVEL SINCE MAY 2020 ONLY 9% OF SMALL BUSINESS OWNERS PLAN TO HIRE IN THE NEXT THREE MONTHS HIRING INTENT DROPS WELL BELOW HISTORICAL AVERAGE, SIGNALING LABOR MARKET SOFTENING

JUST IN: Bitcoin projected crash below $50,000 by year-end. 55% chance. polymarket.com/event/what-pr…

A school district in Louisiana says some of its teachers will receive bonuses of more than $50,000 this year thanks to increased tax revenue linked to a Meta data center, per WSJ

The value of two Chicago, Illinois office towers, Illinois Center, drops 83%. The new value was reported at $66.5 million, down 83% from the $390.0 million value when the loan was originated in 2015. The loan, backed by two office towers totaling 1.1 million square feet, moved to special servicing in April 2024 after occupancy fell below 50% and cash flow was no longer sufficient to service the debt. ($239.5M | CGCMT 2015-GC33, GSMS 2015-GC34 & CGCMT 2015-GC35 | CMBX.9). -Morningstar #commercialrealestate

US Corn Drought Monitor 🌽 Approximately 24% of all US Corn acreage is currently experiencing drought 🔥

NEW YORK PASSES A BILL AIMED AT CURBING “GHOST JOBS,” ACCORDING TO HR DIVE.

The other 23% are not bright enough to notice