Money

• Colleges Slash Tuition Bills by $20,000 in Reckoning Over Costs
  A reckoning for college tuition prices is here.
• The Only Billionaires Making Money This Year Are In Tech
  If 2026 feels like a banner year for the world’s tech billionaires, the numbers bear it out.
• There's Good News About Incomes. No One Seems to Believe It
  How’s the US economy doing in President Donald Trump’s second term? Going by the topline economic statistics, not too bad. Second-quarter gross domestic product was revised higher last week, to a 2.2% annualized rate from a previously reported 1.5%. At 4.2%, the jobless rate is consistent with an economy considered to be at full employment.
• S&P 500 Hits First Record Since August as AI Bulls Take the Lead
  The S&P 500 rose 0.7%, reaching its first record high since August, buoyed by resilient corporate profits, the outlook for artificial intelligence-related spending and a pullback in oil prices.
• Paulsen Sees a 15% S&P 500 Drop as Oil, Rates and Dollar Rise
  The higher the wall of worry, the faster US stocks have climbed it, clocking its first record since August on Tuesday. But to Jim Paulsen, the cumulative pressure from $100 oil prices, 5% Treasury yields and an elevated dollar is yet to be felt in a major way.
• Toronto Home Prices Fall for a Second Month as Loan Costs Rise
  Toronto home prices fell for a second straight month in September as a jump in borrowing costs added to the economic uncertainty plaguing the market.
• Tokenized Cash Startup Spiko Raises $90 Million to Take On US Giants
  A European startup building tokenized cash funds has raised $90 million in equity funding, as it seeks to take on sector heavyweights including BlackRock Inc.