Warren Buffett might have to cancel the retirement party! Berkshire Hathaway has now underperformed the S&P 500 by more than 20 percentage points since his announcement.
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Elon built a supercomputer in 19 days; faster than you can lose 5 pounds. While most people can’t even finish their homework on time, Elon and his xAI squad just built a 100,000-GPU AI supercomputer in less than 3 weeks.
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Rest in peace if you were planning to build/renovate a home in 2025-2028.
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“Can you explain how you calculated your latest round of tariffs? Was there a formula?” - Question “The formula was a formula based on common sense.” - Trump
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Chris Wright: “We're going to go back to market forces…We want to see steel making, aluminum making, automobile manufacturing, and more and more energy intensive industries come back to the United States.”
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HUGE NEWS: Since President Trump took office...NATIVE BORN WORKERS: +2 million. FOREIGN BORN WORKERS: -543K
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China hits back at European Commission President Ursula von der Leyen after she accused the nation of distorting trade and limiting access for Europe’s firms
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Top 10 Countries by Natural Resource Value
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$META TAKES $3.5B STAKE IN RAY-BAN MAKER TO DEEPEN AI GLASSES PARTNERSHIP. Meta just bought nearly 3% of EssilorLuxottica -- boosting its AR hardware push while tightening control over distribution.
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Secretary of Treasury Scott Bessent just stunned America saying we have taken in $100 BILLION in Tariff revenue already. “We could expect that that could be well over $300 billion by the end of the year”
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OpenAI paid an average of $733k/yr across ~6000 employees in stock, nearly THREE times every single other public co. Not bad for a non-profit!
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The odds of the US entering a recession in 2025 fall to 19%, the lowest level since January 2025
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Transportation Secretary Sean Duffy just said to truck drivers - "we're gonna put your rig out of service if you can't speak English"
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The World’s Biggest Tourism Economies in 2024
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S&P 500 will fall to 5,500 in the second half of the year warns Stifel
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Charlie Kirk says Trump is going for the “TRIFECTA” of wins. “Trump racked up so many wins, has so much momentum…. and now the big beautiful bill will SUPER-CHARGE the economy… this is the most PRO-AMERICAN bill of my lifetime… and he’s going for the TRIFECTA of ENDING WARS.”
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The Fed was wrong and stopped being data-dependent to focus on ideology. If tariffs caused inflation, China would have hyperinflation. Tariffs don't raise aggregate prices or add units of currency to the system.Government spending and printing are what cause inflation.
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Florida Governor Ron DeSantis calls on Elon Musk to put his resources toward a BALANCED BUDGET and TERM LIMITS FOR CONGRESS amendment, says that would be FAR more successful than a new political party.
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Quintanilla: I wanted to ask you about your comment on April when you said '90 days were possible in 90 days.' We're almost up. Was your thinking at the time that it was an aspirational number, or are you disappointed in two deals for now? Navarro: I'm happy with the progress we've had
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The stock market is back open again
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Debt has consistently risen regardless of which party is in power
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FOX: July 9 is coming up. What are you gonna do about the end of the pause in tariffs? Trump: We're sending letters out ... saying, 'congratulations, we're gonna allow you to trade in the US. You're gonna pay a 25% tariff, or a 20%, or a 40 or 50%.' I would rather do that.
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CNBC: Interest rates are still elevated even as the dollars continues to weaken against other major currencies. Do these market moves concern you? Bessent: It's natural for currencies to move around. Currencies move up and down.
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$NVDA really dominates the semiconductor market. It's about as large as the rest of the US-listed companies combined when measured by market cap.
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Jessica Tarlov just exposed the fact that 40% of Donald Trump’s wealth has been accumulated while he was President.
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