AI doesn't seem to want to take your job, but rather… save it?

1️⃣ Warsh: "This committee will guarantee price stability"

The new Federal Reserve Chairman, Kevin Warsh, had his first meeting on Wednesday and the result was a unanimous 12-0 vote to keep interest rates in the current range of 3.50%-3.75%. Up to that point, the market prepared to celebrate.

However, the famous dot plot (the chart where Fed members give their predictions) showed a little surprise: most project at least one more increase before the year ends. 👀

Warsh himself was very direct in his speech, saying that "this committee will guarantee price stability," which means he wants to reduce inflation no matter the cost. For context, the "cost" can be job losses.

The market had to start digesting the reality that imminent rate cuts "are no longer coming to the party," or at least, that's what it seems.

The good news? Interest rates on products we care about, like high-yield savings accounts, aren't going to keep going down, and could even go up a bit if changes are made to monetary policy. Here we share some of our current favorites with their respective interest rates. 💸

💡 What you should know: The narrative of rate cuts in 2026 is officially cancelled. A "higher-for-longer rates" environment has historically favored companies with strong balance sheets and punishes companies with debt needs, like startups.

2️⃣ AI doesn't seem to want to take your job, but... save it?

Just when we were updating our résumés to add "Robot post-apocalyptic survival expert," a new study from PwC appears saying that Artificial Intelligence is having a net positive effect on job retention.

Contrary to the prophecies of human employment collapse, the report says that companies with greater AI implementation have a net staff growth of 52%, versus 36% for the least automated companies. 🧐 

They are calling this the "professionalization" of jobs. AI tools absorb monotonous and repetitive tasks, forcing employees to take on judgment, leadership, and creativity responsibilities much faster in their careers.

It's as if the AI were a hyper-efficient intern finishing boring reports in seconds, allowing the human analyst to spend their time on strategy.

Companies are retaining and even paying better salaries to employees who know how to use these automation tools (a skill that is definitely worth learning). If you want to read the details, here is the study: PwC 2026 Global AI Jobs Barometer.

💡 What you should know: It seems that in the end, AI won't take your job; a human who knows how to use AI better than you will. In case you didn't know: Google, Nvidia, Microsoft, Amazon, and several others have free courses on AI and programming, in some cases with certificates for $99. I commit to doing at least one if you do too, what do you say?

3️⃣ SPCX's first week in stock market orbit

After a colossal IPO, SpaceX's first week on the stock market ended, and its trajectory looked quite a bit like the Falcon 9 but in its early tests. IYKYK.

Shares rose in the first two days thanks to retail FOMO, and in the second half of the week they fell up to 20% from their peak.

Even though the stock is still up 37% since its IPO, some are learning that stabilizing a rocket landing in the middle of the ocean seems more predictable than stabilizing the stock price of the largest IPO in history.

IPOs in general are designed to benefit those who held shares beforehand, many of them employees, founders, and of course institutional funds. None of this is "bad," in reality it is normal: the IPO is the moment when they can finally see their return and convert part of their holdings to cash after spending a long time with a practically illiquid position.

💡 What you should know:  SpaceX in the public market is a new monster, even for those who held private shares. Market dynamics are aggressive, speculation is very high (both to the upside and downward at some point), and price negotiation can take quite a while before finding the real premium between value and price. 

4️⃣ Our updated portfolio

Today we are writing from Frankfurt, the last stop of our Babymoon. Frankfurt is not necessarily a destination we have on our list of places we want to go, but here they have something we have been craving for a long time: Chipotle (this pregnancy craving has been strong, imagine that it brought us all the way here). 

When we decided to go to the Metallica concert we took the opportunity to fulfill a few things we had pending: visit Budapest, return to Milan and stay at the Park Hyatt, and if possible eat Chipotle. Frankfurt was the closest place that met that last requirement, although Paris was another option. The problem was the prices in this season: not friendly at all. 

But, that's not the only thing we are doing in Frankfurt. With a bit more free time from our vacation (hehe), we took advantage of these days to calmly review our different investment portfolios.

Tomorrow we are going to share a post for members on Endeuda2.com about our entire portfolio, updated to date (we invite you to join, if this is something that interests you), and we are also going to publish the annual update on YouTube about the positions in our Roth IRA accounts, which represents ~14% of our invested money. If by any chance you haven't subscribed to the channel, this is the moment to do it. 🫰🏼

Take a look at the exclusive publications on Endeuda2.com. Leave us your questions in the Q&A chat and we will answer you on video.

5️⃣ 2026 Beer World Cup 🍺

Since we found out that the football world cup would be between the United States, Mexico, and Canada, we were very curious about how the related costs would vary. Today we found out about the beer:

• 🇺🇸 United States: As we suspected, it is the country where the wallet empties the fastest. The average price of a beer is around $15 to $18 USD (what is that madnesssss?). In San Francisco (Levi's Stadium) it seems to be the most expensive at $24.5 USD for the "double can," while in Atlanta (Mercedes-Benz Stadium) it is the cheapest at $10.

• 🇨🇦 Canada: You could say it is a moderate middle ground. In Toronto, the average cost is $12.59 USD, while Vancouver seems to be the friendliest place for beer taste, averaging $7.72 USD.

• 🇲🇽 Mexico: This is where the most dynamic prices have been reported, but the consensus is that in Monterrey (BBVA Stadium) the price is ~$5.8 USD on average, while in Mexico City (Azteca Stadium) and Guadalajara (Akron Stadium) the average is just $2.75 USD, which personally seems like a bargain to me. 

  
  Cheers! 🍺