News Summary

• Today's economy is brought to you by… the letter K!
• Or is it C?
• Or … well, it depends on who you talk to about how the rich and poor are doing these days.
• Recently, Treasury Secretary Scott Bessent said he was "sick of hearing about this K-shaped economy" Mike Strain says almost as soon as 'K-shaped' became a relevant term to describe what was happening in the economy, people began abusing it.
• But the K is here to stay, it seems.
• Or the Sesame Streeting of the economy is, at least.