This is incredible:
Money market funds are now paying a record ~$500 billion in dividends per year.
That is a 500% increase since the start of 2023.
This comes as money market fund assets have doubled to a record ~$7.2 trillion during this period.
As a result, these dividend payouts account for ~2.5% of annual consumer spending, according to Apollo.
By comparison, at the beginning of the 2008 Financial Crisis these funds paid ~$200 billion, about 2.0% of total US consumer spending.
Money market funds are evolving the US economy.
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Money market funds are now paying a record ~$500 billion in dividends per year.
That is a 500% increase since the start of 2023.
This comes as money market fund assets have doubled to a record ~$7.2 trillion during this period.
As a result, these dividend payouts account for ~2.5% of annual consumer spending, according to Apollo.
By comparison, at the beginning of the 2008 Financial Crisis these funds paid ~$200 billion, about 2.0% of total US consumer spending.
Money market funds are evolving the US economy.
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BREAKING:
FOMC Minutes are OUT.
Here are the key takeaways.
- Tariff effects may take longer to materialize
- Growing concerns over stretched asset valuations
- Majority view inflation as a bigger risk than employment
- Full impact of tariffs may take more time to unfold
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
FOMC Minutes are OUT.
Here are the key takeaways.
- Tariff effects may take longer to materialize
- Growing concerns over stretched asset valuations
- Majority view inflation as a bigger risk than employment
- Full impact of tariffs may take more time to unfold
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Soon Americans won't need to do injections to get the weight loss benefits of GLP-1RAs.
They'll be able to just pop a pill and blunt their hunger!
They might even be able to maintain weight loss by taking a pill a day as needed.
The age of skinny abundance is coming.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
They'll be able to just pop a pill and blunt their hunger!
They might even be able to maintain weight loss by taking a pill a day as needed.
The age of skinny abundance is coming.
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Welcome to Las Vegas…
Clerk locks the door on a shoplifter, who then breaks the glass to escape.
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Clerk locks the door on a shoplifter, who then breaks the glass to escape.
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GPT-5 just casually did new mathematics.
Sebastien Bubeck gave it an open problem from convex optimization, something humans had only partially solved. GPT-5-Pro sat down, reasoned for 17 minutes, and produced a correct proof improving the known bound from 1/L all the way to 1.5/L.
This wasn’t in the paper. It wasn’t online. It wasn’t memorized. It was new math. Verified by Bubeck himself.
Humans later closed the gap at 1.75/L, but GPT-5 independently advanced the frontier.
A machine just contributed original research-level mathematics.
If you’re not completely stunned by this, you’re not paying attention.
We’ve officially entered the era where AI isn’t just learning math, it’s creating it. sama OpenAI kevinweil gdb markchen90
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Sebastien Bubeck gave it an open problem from convex optimization, something humans had only partially solved. GPT-5-Pro sat down, reasoned for 17 minutes, and produced a correct proof improving the known bound from 1/L all the way to 1.5/L.
This wasn’t in the paper. It wasn’t online. It wasn’t memorized. It was new math. Verified by Bubeck himself.
Humans later closed the gap at 1.75/L, but GPT-5 independently advanced the frontier.
A machine just contributed original research-level mathematics.
If you’re not completely stunned by this, you’re not paying attention.
We’ve officially entered the era where AI isn’t just learning math, it’s creating it. sama OpenAI kevinweil gdb markchen90
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ICYMI - Israeli military considers recruitment in the U.S. amid significant soldier shortages
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