Wholesale egg prices fell 44.7% year‑over‑year in March 2026 as a post‑bird‑flu flock rebound flooded the market. Producers say the drop masks a margin squeeze because feed, fuel and labor costs remain elevated, keeping farmgate earnings below production costs.
Snap’s stock slumped about 10% after unveiling its $2,195 Specs AR glasses at AWE, pulling the price below $5 and wiping roughly $2 billion off its market cap. Analysts estimate Snap poured $500 million into the product and caution investors the market will stay skeptical on demand and long‑term costs.
A new analysis of 150+ years of market data warns the Trump-era bull run is hitting a valuation ceiling. The S&P 500's Shiller CAPE ratio is now just 3.5% shy of the dot‑com bubble peak, a level that historically precedes sharp corrections. Investors should brace for potential downside.
Fed Vice Chair Michelle Bowman joined an invite‑only Bank of America dinner just hours after a FOMC meeting, a period when officials are barred from discussing policy. Her appearance sparked ethics concerns and could prompt tighter enforcement of quiet‑period rules, affecting regulator credibility.
MIT economist Daron Acemoglu says AI will lift total factor productivity by just 0.55% over the next decade and automate only about 5% of tasks, far below hype. He argues the real issue is AI‑driven monopoly power and its destabilising effect on democratic institutions.
Democratic lawmakers introduced the Living Wage for All Act, which would lift the federal minimum wage to $25 per hour. The bill phases in the increase, demanding large firms hit $25 by 2031 and smaller businesses by 2038, while ending all sub‑minimum wage categories. It ties future raises to overall wage growth.
46% of professionals plan to job‑search in the next six months, up from 38% earlier this year. Gen Z, healthcare and tech staff are most likely to move, driven by better benefits, career growth and AI‑intensified competition. Employers should brace for tighter talent markets as turnover accelerates.
U.S. officials warned ASML that its most advanced EUV lithography machine might have slipped into China, but the Dutch chipmaker says none of its $150‑$400 million tools have ever been shipped there. The claim matters because EUV machines are the sole gateway to cutting‑edge AI and HPC chips, and any breach could reshape the global semiconductor supply chain.
OpenAI CEO Sam Altman told Die Welt he’d be surprised if by 2030 AI hasn’t produced models that surpass human capabilities, hinting GPT‑5 already outperforms him. Rivals like Anthropic’s Dario Amodei and Elon Musk predict superintelligence could arrive even earlier, raising stakes for the AI arms race.
You’re caught up.
That was all 9 stories in the 21 June issue.