Independent thinking for complex markets and current events
Pete Hegseth orders defense leadership to draw up plans for huge budget cuts as DOGE enters the Pentagon: report Defense Secretary Pete Hegseth reportedly asked Pentagon officials Tuesday to draw up plans to slash defense spending for each of the next five years — as the department became the latest target of the Elon Musk-led …
According to the latest 13F filing with the US Securities and Exchange Commission (SEC), Warren Buffett trimmed Berkshire Hathaway’s stake in Nu Holdings by 46.26 million shares in the quarter ended 31st December 2024. As of now, the Oracle of Omaha owns 40.18 million shares of the Brazilian crypto bank, worth £329.73 million. Nu Holdings, …
The Trump administration implemented the funding freeze through an executive order issued in January 2025. The order directed a pause on all U.S. foreign assistance funds and grants, including those allocated to organizations like Catholic Charities. The Office of Management and Budget issued a memo specifying that funding for programs, including financial assistance for nongovernmental …
Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to resolve thousands of lawsuits through a subsidiary’s bankruptcy. U.S. Bankruptcy Judge Christopher Lopez in Houston …
Mexican President Claudia Sheinbaum threatens to sue Google over the switch from “Gulf of Mexico” to “Gulf of America,” saying the tech company overstepped when it changed the name of the entire body of water, including areas under Mexican and Cuban jurisdiction. Valeria León reports.
Home prices in the USA have increased from $25,800 in 1971 to $419,200 in 2024. Over this same period of time household income has also increased but at a much slower rate. For this reason when looking at historical home affordability a common ratio is the home price to income ratio. This ratio allows us …
Over the last 4 years, egg prices have increased 238%, the largest 4-year increase in history byu/IAmNotAnEconomist inFluentInFinance
The gold-to-oil ratio just hit its highest level—something that would have sounded like pure fantasy just a few years ago. Mining companies are the ones raking it in right now, and they’re in the driver’s seat as gold prices climb. Gold has surged almost $1,000 an ounce over the last year, while production costs barely …
The 5090 is literally cooking itself. Load distribution is a disaster, and 150°C+ temps? That’s in Celsius, not Fahrenheit. Nvidia knew Blackwell had heat issues, and they shipped it anyway. High-performance GPUs should push limits—but not like this. 5090 has severe load distribution issues …. yes these are celsius. Yes, over 150c. pic.twitter.com/7l0wqNrlgI — Beyond …
Jamie Raskin’s “lawfare” attempt against Trump and Elon Musk is a blatant overreach. Announcing a class action lawsuit over a supposed breach of data security, Raskin conveniently ignores the will of the American people. 🚨LAWFARE: Jamie Raskin announces he is exploring “a class action suit on behalf of all Americans” against the Trump administration and …
A Bolingbrook woman was sentenced to three years in prison for stealing almost $2.5 million from taxpayers by fraudulently billing Medicaid-funded companies for services she did not provide, state officials said. LaTeena Smith, 38, was the owner of a clinic called Power Positive Youth Development in Bolingbrook, according to Illinois Attorney General Kwame Raoul’s office. …
Slowly, the unprecedented payrolls fabrication of the Biden administration, which we spent much of the past 4 years exposing to our readers, is starting to unravel. Earlier today, the BLS confirmed what we previewed last night (see “Tomorrow’s Jobs Report Will Finally Capture The Surge In Illegal Aliens, Lead To Another Big Negative Payrolls Revision“), …
In this video, Disability Attorney Walter Hnot of the Disability Resolution Law Firm goes over the millions that Elon and D.O.G.E. have uncovered receiving benefits fraudulently from the SSA. h/t Vlad The Impaler
Guy on the roof waited 5 years for this. If you look closely you can see snipers on the White House roof. Bro was this close on forfeiting his life. h/t dimwitty
The Trump administration gave the former highest-ranking woman in the military just three hours to leave her home following her ouster for supporting diversity, equity and inclusion policies. President Donald Trump fired Coast Guard commandant, Admiral Linda L. Fagan, almost immediately after he took office on January 20 – leaving her to discover the news …
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 …
This is not just a blip—it’s a major sign that the Fed’s liquidity lifeline is running out. If you’ve been paying attention, you know that means tighter monetary conditions are on the way. How long can this go on before the system starts to buckle? The Fed may have to pull the emergency brake soon …
Nobel Prize winner Geoffrey Hinton, the physicist known for his pioneering work in the field, told LBC’s Andrew Marr that artificial intelligences had developed consciousness – and could one day take over the world.
CNN panel burst into tears of laughter after watching supercut of Democrats @elonmusk meltdown cringe-fest pic.twitter.com/bueNFPev9K — Benny Johnson (@bennyjohnson) February 5, 2025 Chuck Schumer has officially lost it! LOL! https://t.co/MnOeM1KyKa — Gunther Eagleman™ (@GuntherEagleman) February 5, 2025 Hypocrisy at its finest!
Few will understand this. Bull run is over!! pic.twitter.com/s12444TMSz — The Great Martis (@great_martis) February 5, 2025 $GOOGL it is spot on. Down 5%. https://t.co/Tpwh7Yv2yP — optionGeek (@StockShark16) February 4, 2025 $PLTR – It's the biggest bubble in the US stock market. Forward PE 190. Reached the 2.618 extension of the 2021-2022 bear market and …
Godfather of AI’ predicts it will take over the world | LBC Jan 30, 2025 #Andrewmarr #geoffreyhinton #LBC Nobel Prize winner Geoffrey Hinton, the physicist known for his pioneering work in the field, told LBC’s Andrew Marr that artificial intelligences had developed consciousness – and could one day take over the world. Mr Hinton, who …
Apple has bought back $673 billion in stock over the past 10 years, which is greater than the market cap of 488 companies in the S&P 500. $AAPL byu/IAmNotAnEconomist inFluentInFinance
$DECK bought HOKA in 2012 for ~$1.1M. A decade later, Deckers Brands have grown HOKA’s revenue from less than $3M to over $2.2B (LTM). That’s a ~700x increase. byu/IAmNotAnEconomist inFluentInFinance
In the past decade, auto insurance rates in the United States have skyrocketed by 93%, significantly outpacing the 34% increase in overall consumer prices. This sharp rise in premiums has affected drivers across the country, leaving many struggling to afford adequate coverage despite maintaining clean driving records and reducing their mileage. Several factors have contributed …
DAILY POST reports that Donald Trump had vowed to impose tariffs for three reasons. “Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to …
