From Donald Trump to Rep. Alexandria Ocasio-Cortez, tweeting has become a big part of being an elected official.
Why it matters: Numerous representatives and senators have followed suit, and these are the ones who tweeted the most during the recently completed 116th Congress, according to data pulled by Quorum.
Female Olympians in Tokyo are rejecting the uniforms that have long defined their sports, highlighting a double standard that exists how women dress in competition vs. men.
Driving the news: During their qualifying round Sunday, Germany's women's gymnastics team wore full-length unitards, eschewing the conventional leg-barring leotards worn by most female gymnasts.
Americans are locking away greater shares of their money — especially big businesses and the wealthy — a trend that has increased thanks to the coronavirus pandemic and is likely to stick around for some time.
Why it matters: The U.S. economy is built on our propensity to spend and the past decade's environment of stubbornly low interest rates, low growth and economic inequality all could be exacerbated in the future as the country leans further into the savings trend.
What's happening: Thanks to the pandemic, the tendency of the wealthy socking away their money appears to be getting worse.
Where it stands: Data from Albion Financial Group show Americans have now socked away around $1.5 trillion in excess savings.
Why you'll hear about this again: A similar study from Oxford Economics and Barclays found $1.8 trillion in excess savings over the last 11 months, and Gregory Daco, chief U.S. economist at Oxford Economics, estimates the number could rise to $2.5 trillion by this summer.
This hoarding also is happening at large companies, which have feasted on cheap debt since the Fed announced QE4ever in late March, and kept much of it in cash reserves.
The U.S. savings rate is growing, but largely as a result of savings by the wealthy, the continuation of a long-running theme.
