A financial report from Bank of America ( BAC ) clearly reveals the current state of American consumer spending.
Consumption is holding up
By the end of 2022, economists were generally bearish, with 45% predicting a recession in the U.S. for 2023-2024. And the result? Consumers simply wouldn't let the economy collapse; with just one person and one credit card, they slapped those bearish experts in the face.
The CEO of Bank of America bluntly stated that consumer resilience is incredibly strong. The activity level of deposits has remained high for a long time, and the frequency of card usage is also skyrocketing – even though credit card interest rates have hit an all-time high, people are still accumulating revolving debt. By the end of 2023, U.S. consumer credit card debt reached $1.13 trillion.
But the problem arises: the growth rate is cooling down. Last year, the consumption growth rate was still 10%, but now it is only 3-4%. The overdue rate and bad debt rate are rising, with the credit card overdue rate reaching 3.1%—the highest level since 2011.
Signals revealed by financial report data

Warren Buffett's relationship with crypto is... complicated. He's called bitcoin "rat poison squared," said digital assets "will come to a bad ending," and once claimed he wouldn't take all the world's BTC for $25. Pretty harsh, right?
But here's where it gets spicy: Berkshire Hathaway quietly

Most people think budgeting means cutting coupons and saying no to everything. Not quite. The 75/15/10 rule is a different beast—it's actually designed to let you spend while still building wealth.
Here's the breakdown: 75% on living expenses, 15% invested for growth, 10% in emergency savings.

Wall Street's oldest debate: Should you time the market or stay invested long-term?
The numbers tell a brutal story. A $10k investment in S&P 500 on Jan 1, 2003 → $64.8k by Dec 2022 (6x return). But miss just the 10 best days? You're down to $29.7k. That's how unforgiving market timing is.
Even

Elon Musk criticized Anthropic, highlighting Amazon's struggles in AI growth compared to competitors like Microsoft and Google. While AWS remains strong, its growth is slowing, raising questions about its future in an increasingly competitive landscape.

Crocs stock may outperform Nike, boasting higher operating margins, a lower valuation, and better buyback potential. While Nike garners attention, Crocs' strategic management and financial metrics suggest it could be the smarter investment choice.

The latest data is shocking: global EV sales have experienced a big pump, selling 2.3 million units in the first half of this year, with a growth rate of 25%. However, the problem is that lithium mining capacity cannot keep up—only 45 lithium mines are currently operating globally, and the new annual production capacity is less than even the experts' expected minimum.
According to the IEA's forecast, an additional 14 million EVs need to be sold this year. At this rate, the lithium mine gap will last until 2030. The good news is that the recent major market adjustment has pushed high-quality lithium companies into a technically oversold position.
Core assets overview:
Albemarle (ALB) recently fell from $250 to $182, now at a support level since early 2022. The company's Q2 net profit rose by 32% to $650 million, with full-year guidance raised by 40-55%. Institutions like RBC and Bank of America are raising their price targets, with one analyst calling for $260. Additionally, Exxon Mobil is in talks with ALB regarding supply.

The ridesharing business is becoming increasingly competitive. UBER and GRAB are both on this path, but their strategies are completely different—one focuses on global expansion, while the other concentrates on deepening its presence in Southeast Asia. Which one is more worth entering a position in? Let's take a closer look.
UBER: The Confidence of Global Players
To be honest, UBER is huge. With a market value of 199 billion dollars, its scale is evident.
Recently, this guy's financial report data is impressive: Q2 continues to exceed expectations, and Q3 guidance shows a gross order amount of $48-49.75 billion, a year-on-year growth of 17-21%. The adjusted EBITDA is expected to be $21.9-22.9 billion, a year-on-year growth of 30-36%. What does that mean? It means the growth rate is accelerating.
Business is also expanding borders. Just partnered with Best Buy for an electronic product delivery collaboration, bringing consumer electronics into Uber from over 800 stores.

Buffett's recent sale of $15.5B in Apple and Bank of America highlights his strategy of avoiding overvalued assets rather than market timing. He emphasizes patience for good deals, suggesting regular investors should also focus on value and maintain cash if necessary.

Ron Baron isn't your typical hedge fund manager. Baron Capital manages $45B, and his track record speaks volumes—15% annualized returns vs. S&P 500's measly 10%. Here's what's wild: he turned a small $400M Tesla bet (2014-2016) into an $8B personal windfall, and he's still holding.
Friday on

Elon Musk suggests Nick Szabo is the true mind behind Bitcoin, citing his past work on BitGold and writing similarities. Despite Szabo's denials, Musk believes he influenced Bitcoin's concepts, maintaining the mystery of its decentralized creator.

Advance Auto Parts (AAP) just hit some important milestones that could reshape its future. The company wrapped up store optimization in March 2025 and now 75% of locations sit in markets where they rank 1 or 2 by density. The playbook looks solid: 100+ new stores planned over two years, supply

Tokenization simplifies turning valuable assets into digital tokens for tracking and trading on blockchain, enhancing accessibility, security, and efficiency, though regulatory challenges persist globally.

Explore diverse alternatives to the stock market for smarter cash management. Options range from safe savings bonds and real estate investments to high-risk ventures like crypto and peer-to-peer lending. Diversification is key.

The biotech sector exhibited strong gains, particularly in after-hours trading, driven by partnership announcements and investor sentiment. Key performers included Butterfly Network, Citius Pharmaceuticals, and Tempest Therapeutics, highlighting a trend favoring mergers and acquisitions.

The stats are brutal: 92% of people would have more money if they waited until 65 instead of claiming at 62. Even worse? Roughly 57% would be significantly better off if they held out until 70.
Here's the math: claim at 62 and your benefits take a 30% haircut compared to waiting until your full