Nvidia announced an agreement with Wall Street heavies, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. The six Wall Street firms will arrange more than $500 billion in third-party capital for AI infrastructure. The firms will create funding vehicles that allow investors to invest money directly in AI data centers in exchange for a share […]
Greg Abel just completed his first full quarter as the CEO of Berkshire Hathaway, taking the throne from Warren Buffett. In his first earnings announcement, Abel sent strong signals of a strategic pivot. Most important of these, Berkshire repurchased $4.5 billion of its own stock in the second quarter, its largest quarterly buyback since a […]
The Tweet on the right below irresponsibly suggests that if SK Hynix shares double, as Cantor Fitzgerald’s $300 target implies, a 2x leveraged fund like SKHA offers “magnified exposure” to that outcome. Assuming the stock doubles, the leveraged trade ETF sounds like easy money. However, even if Cantor is right and the stock doubles, the […]
The Friday BLS employment report showed the economy lost 23k jobs. Along with last Wednesday’s ADP report (+44k), the two reports suggest the spring pickup in job growth is stalling. Adding to the bad news, the BLS revised May and June jobs down by a combined 103k jobs. The labor market has now averaged a […]
AMD and SanDisk (SNDK) delivered earnings beats this week, yet both stocks fell. AMD posted record revenue up 50% year over year, with data center revenue more than doubling. Its CEO Lisa Su said she expects “Data Center sales to accelerate in the second half of 2026.” Guidance for the current quarter came in near […]
Software stocks have taken a beating this year on fears that AI will erode pricing power across the industry. While the fear may be genuine for some companies, Palantir posted earnings that told a vastly different story. To wit, its CEO Alex Karp described Q2 earnings as “otherworldly.” Palantir shares surged by nearly 30%, its […]
According to A Statistical Revamp Is About To Lower Inflation by The Wall Street Journal, the Bureau of Economic Analysis (BEA) is reformulating its Core PCE calculation. The markets seem to focus on CPI as its inflation gauge, while the Fed often touts PCE as its key inflation indicator. Economists expect the BEA’s changes will […]
The US Treasury bought Japanese yen last Friday and again Monday morning in its first coordinated intervention in the currency since 2011, following Japan’s earthquake and tsunami. It is only the third such move since 1998. Treasury Secretary Scott Bessent confirmed the action: “Friday’s coordinated foreign exchange actions countered disorderly yen movements,” and pledged, “we […]
Leopold Aschenbrenner’s Situational Awareness Fund turned $225 million into as much as $45 billion. Not bad for a 24-year-old with little experience. In June alone, his fund was up 439% year-to-date. Despite the rapid wild success, last Thursday the fund was forced to sell all of its public investments to satisfy margin calls. Furthermore, they […]