Americans gained more than $63 trillion dollars in wealth from the first quarter of 2020 through the second quarter of 2025. Real-estate wealth rose more than 61% during that span, while wealth from stocks and mutual funds went up 127%.

Year to date, employers have announced 1,099,500 job cuts, up 65% from the first ten months of last year.

The top 10% of earners accounted for 49.2% of national spending in the second quarter of 2025, a record high, with their spending up 4.4% year-over-year.

JPMorgan Chase said that it tokenized a private-equity fund on its blockchain platform, an offering that is available to the wealthy clients served by its private bank. The move comes ahead of JPMorgan’s broader rollout next year of its fund tokenization platform, Kinexys Fund Flow. Tokenization lets the bank offer clients a digital representation of the ownership of an asset that lives on a blockchain ledger.

Huntington Bancshares agreed to acquire Cadence Bank for $7.4 billion in an all-stock deal, expanding its assets to $276 billion.

After plowing billions into leveraged single-stock funds in 2024, some investors have soured on them in recent months. Traders pulled almost $5 billion from the fund category over the past two quarters, the first time the fund category has ever reported outflows.

The number of small business sale transactions grew in the third quarter of 2025, reaching 2,599 closed deals — an 8% increase over the same quarter in 2024 and up 11% over the second quarter in 2025. The overall value of completed deals in the third quarter of 2025 hit $2.13 billion, a 5% gain over the same time last year and a 12% gain over the second quarter of 2025.

Around 50 million people, or one in seven Americans, live in rural areas. These regions generate less than 10% of gross domestic product, most of which comes from resource-intensive industries such as agriculture, mining and manufacturing.

While some policymakers urge caution due to inflation remaining above the Fed’s 2% target, markets are pricing in 50 bps of cuts by year-end.

Walmart is forming a partnership with OpenAI to let shoppers buy its products directly within ChatGPT, the artificial-intelligence chatbot. It is a signal by the biggest U.S. retailer that online shopping is going to become a different experience from the retail websites we are used to.