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Congratulations, you and Elon Musk have an average net worth of $236 billion! Data from the Federal Reserve shows that America’s households now hold a whopping $167 trillion, meaning that the average American household is now worth $1,264,000. If it doesn’t feel that way, it’s because a simple mean average isn’t actually the best way to think about statistics when discussing populations that include very large outliers such as Musk. A better metric in this case is the median wealth of US households.

Yesterday the Federal Reserve delivered its second rate cut of 2025 as expected, taking its policy rate down 25 basis points to a range of 3.75% to 4%. Officials also said they plan to stop reducing the size of their balance sheet as of December 1.

Stocks were little changed in the wake of this announcement, but fell during the press conference when Fed Chair Jerome Powell said that there were strongly differing views on whether or not to cut interest rates again in December, and that another reduction is “far from” a foregone conclusion. The S&P 500 dropped on his comments before finishing flat, while the Russell 2000 sank over 1%. Tech was the best-performing sector ETF, lifting the Nasdaq 100 to a new record close, buoyed by Nvidia and Broadcom. 

A trio of companies — Alphabet, Microsoft, and Meta — with major exposure to the AI trade that’s been thrilling markets reported earnings last night. Let’s see how they did.

The big bottom-line miss stems from Meta setting aside cash for future income taxes, which forced it to book a one-time, noncash $15.9 billion tax charge this quarter. Without that one-off hit, Meta said diluted earnings per share would have been $7.25.

Hey, it sure seems like AI is pretty good at helping with ad revenue. Meta CEO Mark Zuckerberg said that AI continues to help the company improve ad revenue, and a Bloomberg Intelligence analyst for Google observed that “better ad targeting likely contributed to a further sequential increase in growth for core Search and YouTube ads to around 15% for each segment, while Gemini’s token usage of 7 billion per minute for its API business is around that of leading frontier models such as OpenAI.”

Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here.

Despite headlines about tariffs, inflation, and uncertainty, America’s investment boom is alive and well. 

As The Washington Post recently reported, capital formation in the U.S. remains remarkably strong, with manufacturing, energy, and technology leading the charge.¹

StartEngine is working to ride that same wave.

The alternative investment platform has seen $1.5B+ committed to fuel innovation across the economy,² from emerging startups to VC-backed funds for exposure to Databricks, xAI, and more.³

These private offerings have fueled record financials for StartEngine: after reaching $48M in annual revenue for 2024, the company saw $70M revenue in the first half of 2025 alone, up 3x YoY.⁴

StartEngine recently opened a new round, allowing you to join 50K+ shareholders across all offerings and own a stake in the platform powering this movement. Learn more about their traction and how you can join.⁵

Last year, when CoreWeave tried to buy Core Scientific, management didn’t approve. This time, it looks like shareholders don’t like the new offer.

The current deal in play is an all-stock transaction that was valued in July at about $9 billion, but heading into today’s vote on the transaction, shares of Core Scientific are trading for much more than the terms of the agreement say they’re worth, strongly suggesting traders are pricing in either a rejection of this proposal or a last-minute boost to the offer.

To get to the core of the issue, the terms of the deal lack a so-called collar: since the transaction is completely based on CoreWeave stock, it means the price is entirely dependent on the whims of what the market feels about CoreWeave when (and if!) the deal closes. And that stock has moved a lot since July.

CoreWeave and Core Scientific management teams, for their part, remain strongly in favor of a tie-up. Core Scientific noted that the deal had been “unanimously determined” by its board of directors as providing “meaningful upfront premium and upside opportunity,” while CoreWeave CEO Michael Intrator has been resolute that “under no circumstances will we readdress the bid that we put out,” with the company reiterating that stance in a press release. 

The eight BATMMAAN names are now worth nearly 40% of the S&P 500, as key AI players take flight once more. Nvidia, in particular, has had a meteoric rise owing to the 2018 decision from CEO Jensen Huang and co. to bet the farm on AI.

See how Nvidia compares to its BATMMAAN peers

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Wherever you’re headed, getting there starts here.