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1. US Consumer confidence rebounded for the first time in 2025, albeit from a very low level.

2. Swiss National Bank cuts interest rate to zero in effort to stop Franc inflows.

Switzerland faces a unique problem, since it is viewed by investors as a safe place to park their capital when the rest of the world appears to have become a riskier place.

The Swiss franc first strengthened in response to the uncertainty created by President Trump's tariff policies, and has again appreciated over recent days following Israel's attack on Iran. The franc gained ground again against the dollar after the rate decision.

"Switzerland is a provider of a reserve currency, but because it offers to the rest of the world a very small amount of assets in which to invest, ends up in a constant appreciation of the currency which they are forced to counteract with FX intervention and negative interest rates," said Gilles Moec, chief economist at insurance giant AXA.

Here is the relentless ascent of the swiss franc against the euro since 2008.

3. Morgan Stanley expects higher goods inflation and lower consumption ahead.

4. Fewer employees means faster growth.

U.S. public companies have reduced their white-collar workforces by a collective 3.5% over the past three years.

Many companies are moving toward using more agentic AI, autonomous bots that can make decisions and complete tasks on behalf of humans, such as paying an invoice or rerouting inventory if a natural disaster interferes with a trucking route.

CEOs at both e-commerce platform Shopify and foreign-language learning app Duolingo recently told their teams that future hiring would be predicated on first showing the work couldn’t be automated.

5. Amazon announced $20bn in data center investment across Pennsylvania.

In a recently published study, Goldman Sachs has listed a basket of stocks positioned to benefit from the potential massive surge in U.S. power demand.

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