Morning, friends. Grab your coffee, because the market had a rough one and your retirement account probably noticed. There's also a surprise in Texas politics and some good news about your 2027 taxes.
Today's show: Fri, Nov 6: Wall Street lost 2.5 trillion dollars in one day, Texas is right in the middle of the AI fallout · 10 minutes, free.
Wall Street Lost $2.5 Trillion. What It Means for Your 401(k)
The Dow fell 1,833 points and the Nasdaq plunged 5.52% as AI stocks cratered after the midterms, wiping out roughly $2.5 trillion. If you have a 401(k), this is the day to look at it, breathe, and not do anything dramatic. Read the story →
Hinojosa Beat Abbott. Her First Big Hire Is a Republican.
Texas governor-elect Gina Hinojosa put a conservative Republican on her transition team and promised a bipartisan administration. It's early, but her first hire is a signal about how she plans to govern, and what it could mean for your wallet. Read the story →
Will You Owe Less Tax in 2027? The New IRS Brackets Say Yes
The IRS set the 2027 tax brackets: same seven rates, thresholds up about 3.2%, and a bigger standard deduction. In plain English, a little more of your income gets taxed at lower rates. Read the story →
Trump Met Putin’s Envoy Dmitriev and Won’t Say What They Discussed
Trump confirmed he met Putin's envoy Kirill Dmitriev at the White House, skipped the Ukrainians, and won't say what they discussed. With the war still on the table, what was said in that room matters. Read the story →
Harmeet Dhillon Quits DOJ. What It Means for Voting and Policing Cases
DOJ civil rights chief Harmeet Dhillon resigned Thursday, the first senior official out since the midterm sweep. Her exit matters for how the department handles voting and policing cases. Read the story →
That's the brief. Go easy on the refresh button for your portfolio today.
— Krish
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