Independent thinking for complex markets and current events
The middle class is not seeing this. They are getting crushed. The banks are telling the real story as the Fed has injected billions into the Repo market. Why? Because the banks don’t have the cash reserves and consumers are living off their credit cards pushing cc debt to a record high. The rich are …
About 764,000 wallets that purchased President Donald Trump’s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis. Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. Crypto wallets are accounts that store the …
Tens of millions of dollars worth Bitcoin left untouched in wallets since 2011—when the asset was trading for around $1—has been moved after 14 years. Six ancient BTC addresses holding a total of 250 BTC, nearly $22 million worth at today’s price, moved the assets to new locations Monday after sitting untouched for all those …
OpenAI is rolling out these so-called “agents” that could cost anywhere between $2,000 and $20,000 a month. And let’s be clear: this pricing is absurd. Let’s just take a moment to think about this—how in the world are AI agents supposed to replace human jobs, potentially revolutionize industries, and yet cost more than a yearly …
The disastrous California wildfires are already one of the costliest disasters in U.S. history. Thanks to a combination of bureaucratic incompetence and neglect. Worst of all, guess who’s paying the bill? By Peter Reagan A personal story today. It will have relevance to you, though. Just stick with me a moment. As you may (or may …
Bitcoin’s record-breaking rally appears to be creating around 1,500 new “millionaire wallets” daily, per Bloomberg + Kaiko Research. — unusual_whales (@unusual_whales) March 13, 2024
The Korean economy faces a slowdown, marked by households cutting food expenses for the first time since the Asian Financial Crisis. Surprisingly, a bustling airport on a Wednesday night tells a different story, while local joints like Shake Shack experience an unexpected downturn, raising questions about spending priorities amidst economic uncertainties. Interestingly, it's dinner time, …
