Markets & Trading
Indian Companies Increasingly Turn To Chinese LLMs Due To "Unsustainable" US Token Bills
"The US models are expensive, and for a lot of basic things, you don't need them. It's overkill, like trying to drive a sports car on a crowded city road."
Musk Buys Florida-Based Energy Company
Acquiring APR Energy gives Elon Musk a mobile fleet of turbines to meet data center power needs...
Trust Is Lost From Both Financial Markets And Sports
Whether its massive 0DTE puts coming in on oil before a ceasefire announcement or someone seeing Conor McGregor limping into the ring...
META Has Become a Meme Stock
META has quietly crossed a line that separates traditional blue-chip technology companies from momentum-driven meme stocks. (In other news, META is at their favorite price point today, $666.)
Tesla Reports 480,126 Q2 Deliveries, Crushing Estimates
The company also produced 451,758 vehicles during the period, signaling a meaningful improvement after a slow start to the year…
Did META Just Expose The First Crack In the AI CapEx Boom?
...did META just shatter the market’s central premise has been that compute is scarce...
Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not"
Some assets will be built up. Others will be burned down.
The Party Of Algae And 'Our Democracy'
Okay, convince me that gay-Islamic-race-communism is a “progressive” political program America is going to buy like corn flakes...
75% Of US GDP Growth In The First Quarter Was Due To AI
For those curious just how embedded AI is in the fabric of the US economy, here is your answer...
Meta Developing Prediction Market App Called "Arena" To Compete With Polymarket, Kalshi
Unlike traditional prediction market platforms such as Polymarket or Kalshi, users would likely rely on a video game-like points system instead of cash, although the company has not ruled out the eventual use of real-money betting...
Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs
"Our periodic workforce restructurings and reorganizations can be disruptive."
Chevron Lands 20-Year Deal To Power Microsoft's AI Expansion
The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity for more than 530,000 Texas homes...
Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Hyundai Motor Group is acquiring SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, completing its full ownership of the robotics company. The deal closes as Boston Dynamics' Atlas humanoid robot enters commercial deployment and the broader humanoid race intensifies against Tesla Optimus and Figure AI. SoftBank exits to redeploy capital toward its $41 billion OpenAI bet and AI infrastructure.
Futures Rebound, Oil Slides, After Israel And Hezbollah Agree To Ceasefire
"We have entered a ceasefire. We will continue to act against threats and will remain in the Strip. If Hezbollah harms our soldiers or civilians, we will respond forcefully".
Amazon In Talks To Sell Its Trainium AI Chips To Other Firms, In Challenge To Nvidia Dominance
Amazon is in talks to sell its custom-made Trainium AI chips for use in other companies’ data centers, in a "key expansion of its efforts to cut into Nvidia's dominance"
Speculation About A SpaceX–Tesla Merger Is Already Growing
“Basically [Musk's] gotten to the point where he can do almost anything he wishes...”