November 09, 2025 — General
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Two Graphs
Since 1990, health care and social assistance have more than doubled their share of New York City's non-farm employment, while finance and insurance have steadily declined—a surprising reversal given the city’s historical reputation as a financial hub.
Participation by women aged 70+ in the NYC Marathon is projected to surge by 250% from 2015 to 2025—the largest increase among all age and gender groups.
Headlines
Data Fog Intensifying for Fed as Shutdown Delays US Inflation Numbers (Bloomberg) … Visa, Mastercard Near Deal With Merchants That Would Change Rewards Landscape (WSJ) … Baby Formula Recalled After Infant Botulism Outbreak (Bloomberg) … The Week the AI Boom Got a Reality Check on Wall Street (WSJ) … ‘South Park’ Takes On Trump and Wins Bigly (NY Times) … Debt Has Entered the A.I. Boom (NY Times) … Corporate America posts best earnings in 4 years despite tariffs (FT) … More Drugs to Fight High Cholesterol Are Emerging (WSJ) … As Beef Prices Remain High, Trump Calls for Inquiry Into Meatpackers (NY Times) … 1,900% Stock Gains, Hate Mail: Welcome to Quantum Investing (Bloomberg) … Trump orders probe into meat groups amid affordability backlash (FT)
The Idea
Mentions: geoeconomics, global trade, strategic interdependence
Strategic interdependence rewiring economies
The blending of tech, trade, and policy is altering global economic relationships, leading to a shift towards strategic interdependence. This impacts geopolitical partners by deepening trade ties and reducing rival interactions, causing long-lasting effects on global market structures over the next 6-24 months.
Related reading:
FreightWaves: McKinsey: Geopolitical partners trading more with one another, less with rivals
Financial Times: Welcome to the new age of geoeconomics
Financial Times: Strategic interdependence is rewiring the global economy