Money

• NYC Families That Fled to Suburbs See Jersey Discount Disappear
  For decades, the family playbook was simple: Keep the high-paying New York City job and move to the suburbs across the Hudson River, where a lower cost of living let parents stretch their paycheck. But these days, the New Jersey suburban discount for families is dwindling.
• Where to Invest $100,000: Healthcare, AI and High-Quality Bonds
• How Ken Griffin’s $3 Billion Could Reshape Higher Education
  Ken Griffin, the founder of the financial firm Citadel, last week made the largest gift in the history of US higher education: $3 billion to Pittsburgh’s Carnegie Mellon University, of which $2 billion will go to build a new campus in Miami. It comes at a time of crisis for American higher education, as it deals with demographic decline, falling public support and attacks from President Donald Trump’s administration. But a system in crisis is more open to change — and Griffin’s gift could delive
• 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.
• Bull Case for Risky Stocks Tied to Economy Expected to Flourish
  Signs of resilient economic momentum are reinforcing the bull case for US small caps, which have been under pressure lately in the face of soaring borrowing costs.
• BofA’s Subramanian Says Bonds in Rare Competition With Stocks
  Equity markets face a genuine rival in bonds for the first time in decades, according to Savita Subramanian at Bank of America Corp., who also cautioned that elevated investor sentiment leaves stocks more exposed to disappointment than upside.
• Taiwan Dethrones Korea Atop World Markets as AI Trade Widens
  As equity investors enter the final stretch of a pivotal year that’s propelled South Korea and Taiwan to the forefront of the global AI trade, the latter is emerging as the stronger bet.
• Trump Heralds 70 Million Trump Accounts After Auto Enrollments
  President Donald Trump hailed an effort to automatically enroll every eligible American child in his Trump Accounts, showcasing the investment vehicles as he seeks to boost support for his economic agenda ahead of the midterm elections.