Independent thinking for complex markets and current events
AI TRIED TO RUN A COMPANY… AND FAILED SPECTACULARLY A team of researchers built a fake tech company, staffed entirely by AI workers from Google, OpenAI, Meta, and Anthropic. The result? Total chaos. The best AI agent barely finished 24% of its tasks, needed nearly 30 steps, and cost $6 per assignment just to get …
“- Subway, they would just erase the expiration date on the bins and write a new one – Jimmy John’s also erased operation dates – Applebees, Former Applebee’s cook says ‘steaks are marked on the grill for two minutes, then thrown in the microwave to make it well done. This keeps the ticket time under …
I’ve never seen anything like this before. The current economy is so unpredictable that United is providing guidance under two different economic scenarios: One if the economy enters a recession, and one if it doesn’t. Investor Update1 Issue Date: April 15, 2025 This Investor Update provides guidance and certain other forward-looking statements about United Airlines …
Nike stock right now – the company has >450,000 employees across 130 factories in Vietnam (46% tariff rate) byu/RobertBartus inEconomyCharts
RH: "For context, in 1978 there were 4.09 million existing home sold when the U.S. had a population of 223 million. Contrast that to 2024 where 4.06 million existing homes sold with a population of 341 million, and it illustrates just how depressed the housing market has been" — Lance Lambert (@NewsLambert) April 2, 2025 …
As YouTube marks its 20th anniversary, the Google-owned video giant is the “new king of all media” — larger and more powerful than any other player in Hollywood — according to an influential Wall Street research firm. What’s more, it’s in a position to gobble up even more screen time and grow bigger. For the …
A North Dakota jury on Wednesday found Greenpeace liable for millions of dollars in damages to a giant pipeline company in relation to protests against the Dakota Access Pipeline nearly a decade ago. Dallas-based Energy Transfer Partners sued Greenpeace for $300 million in 2019, accusing the environmental group of masterminding the protests, spreading misinformation and …
The New Jersey Turnpike is a major artery for government officials, military equipment, and key commerce, and yet we’re handing over its surveillance to a foreign entity? You think it’s just tolls? This is about tracking. About patterns. About leverage. Once they have access, they can monitor movement, gather intelligence, and potentially exploit vulnerabilities. It’s …
from Reddit: Why YSK: TurboTax has been scamming the American public for years, including me. They overcharge for basic tax filing services and pressure users to pay when they don’t need to. They utilize dark patterns in their software and lobby to stop the IRS from building its own public filing system for citizens to …
Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second …
Amid a search for the cause of the crisis, energy firm Southern California Edison admitted its grid short-circuited just after 10pm on Tuesday when a tower went down – the same time the Hurst Fire erupted. As investigators continue to search for the cause of the Los Angeles fires, new evidence potentially points to downed …
A mortgage lender owned by Warren Buffet’s holding company, Berkshire Hathaway, has been sued by the Consumer Financial Protection Bureau (CFPB), alleging that the business pushed people into taking unaffordable loans. The Jan. 6 lawsuit was filed against Tennessee-based Vanderbilt Mortgage and Finance in the U.S. District Court for the Eastern District of Tennessee. The …
Major insurer Liberty Mutual is dropping all its condo policies in California, it has announced. The company, which is the fourth-largest home insurer in the state, has told regulators that it will stop offering new condo and renter policies next year. Existing policyholders will then see their coverage axed in 2026, according to filings with …
A Canadian company that has received a US$40-million grant from Bill Gates’ climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring. Montreal-based startup Deep Sky announced Wednesday it was awarded funding from the Gates-founded Breakthrough Energy Catalyst to help finance what it …
TikTok has requested an emergency injunction to stop or postpone the planned ban on the platform in the US. Back in March, the House of Representatives passed a bill that would effectively ban TikTok from the US unless Chinese owner ByteDance agreed to give up its share of the immensely popular app. TikTok claims this …
The decision to rebrand is part of the company’s broader efforts to expand and shift its focus towards snacks and other jarred sauces, beyond just soups. “This subtle yet significant change preserves the iconic company’s name recognition, its reputation, and the value built over 155 years, while better reflecting the breadth of the company’s portfolio,” …
Congrats guys, $PLTR now trades at 420x trailing ebitda Typical company might trade 10x 20x, so 420 is massively Insane.. It’s like buying a classic Ferrari for a price that could get you an entire luxury estate. Palantir is betting on Future, with that high multiple, they have to deliver big times results, if that …
You know what grinds my gears? When Bitcoin fanatics say that Bitcoin isn't the same as crypto (and similar arguments). Just stop. Read the original white paper and you'll see that it is indeed crypto. Bitcoin is just one of 15,807 other cryptos. They're a dime a dozen. — Jesse Colombo (@TheBubbleBubble) December 3, 2024 …
Shares of Dell Technologies ( DELL ) were down 12 percent in early trading Wednesday after the company took a cautious approach to investor forecasts and warned that artificial intelligence growth “will not be linear”. Dell’s AI server revenue fell 9 percent in the third quarter from the previous quarter Even with Wednesday’s drop, Dell …
Auto financing firm Vroom (NASDAQ:VRM) filed for Chapter 11 bankruptcy protection on Wednesday in a Texas court as the cash-strapped company attempts to restructure more than $300M in debt. The bankruptcy comes in the wake of Vroom’s (VRM) agreement with creditors to enter a Restructuring Support Agreement that would convert $290M of unsecured convertible senior …
https://twitter.com/RJRCapital/status/1853594310039523754 Ai ai this time is different byu/Antrax_munky inwallstreetbets
Nvidia briefly eclipsed Apple to become the world’s most valuable company on Friday. It’s the first time Nvidia has been the world’s largest company since mid-June. Nvidia stock jumped as much as 3% on Friday to an intra-day high of $144.13, catapulting its market valuation to $3.53 trillion. In contrast, Apple traded up less than …
X, formerly known as Twitter, has yet to be restored in Brazil because the company sent its $5.24 million fine to the wrong financial institution. Brazil’s Supreme Court made the revelation on Friday and will delay its decision on whether to restore X in the country. The beleaguered social media platform was shuttered in the …
ChargePoint, a leading electric vehicle-charging company in the Bay Area, has announced layoffs affecting 15% of its workforce, approximately 250 employees, in its second round of cuts this year. The announcement was made during the company’s second-quarter earnings call last week. “Today, we have implemented an action plan to create efficiencies while reducing operating expenses,” …
Lots of analysts on the right throw the term “communism” around recklessly. Even I, on occasion, flippantly refer to this or that as “commie” because it’s a fun word, even when it doesn’t necessarily apply. But this, boys and girls, is about as close to literal communism as we’ve ever seen in American politics, in …
Boats like Mike Lynch’s superyacht are “unsinkable”, according to the chief executive of the company that builds and sells the vessels. Giovanni Costantino, the chief executive of the Italian Sea Group, said there are no flaws with the design and construction of the Bayesian and it is “one of the safest boats in the world”. …
by Mike Shedlock Conflicting goals often leads to the worst of both outcomes. That’s what’s happening with solar panels and EVs. SunPower Went Bankrupt Despite Huge Subsidies The Wall Street Journal reports Another Green Energy Subsidy Bust The 39-year-old SunPower is the latest solar rooftop business to fail this year. Others include Titan Solar Power and …
It was already a hectic day when my insurance broker left a frantic voicemail telling me that my homeowner’s insurance had lapsed. I felt nauseous and naked. Suddenly, any leak, fire, or tree branch falling onto the hundred-year-old Hudson Valley house that’s been in my family for nearly 40 years could wipe out my bank …
