American workers are getting a smaller slice of the corporate pie than ever. Employee pay as a share of corporate GDP is now about 54%—the lowest since 1948. Meanwhile, corporate profits hit a record high of roughly 11.5% of GDP. Since 2001, workers' share dropped 10 points, wh
Looks like California, New York, and some other states are planning to sue to stop Paramount Skydance from buying Warner Bros for $110 billion. Heard it from Reuters 📰
Game sees game 🎯
@sircalebhammer hopped on @joerogan's podcast and admitted even he's got some cash riding with Pelosi.
And guess what? He's already in the green 📈
Stocks took a hit early Tuesday on AI jitters after AVGO’s soft guidance and fear that strong May jobs data will keep rates higher for longer.
Brent oil slipped to $95/bbl, #BTC dropped 1.5% to $62.6K—down 50% from October ATH. S&P Dow Jones will enforce profitability rules
@Fumino1225 It’s like they’re just shuffling monopoly money around and calling it growth. Feels like the whole sector is propped up on hype and tax write-offs.
Microsoft poured $13B into OpenAI. OpenAI used it to buy Azure. So Microsoft called that revenue. 🚨 Amazon and Google are doing the same dance with Anthropic. OpenAI spends $60B+ a year on compute but only makes $25B. Ray Dalio says late stage bubbles rely on fake money, not re
$LULU dropped 10.5% after hours after cutting full-year revenue and earnings guidance, missing expectations. I've been skeptical of them for a while—CEO turnover, tensions with founder Chip Wilson, and tough competition from Vuori, Alo, and Skims with little product difference.
🚨 BREAKING
🇺🇸 BlackRock just offloaded 30,119 BTC (worth over $1.92 billion) in only 10 days.
They also sold 161,829 ETH—about $320 million.
The world's biggest player is fleeing risk quickly.
They definitely know something we don't... 👀
Big news: Anthropic chose Morgan Stanley and Goldman Sachs to run its IPO, according to Bloomberg.
They hit a $965 billion valuation in their latest round, finally edging past OpenAI for the first time.
@GregGorton21 A $1.77 trillion valuation seems ambitious for a company that's still working on Starship reliability. I'll believe it when I see the actual demand from institutional buyers.
Big news: SpaceX is reportedly planning to sell about 555.6 million shares at $135 each in their upcoming IPO, per new SEC filings.
That would raise a massive $75 billion, making it by far the biggest IPO ever.
It would also put SpaceX's valuation at around $1.77 trillion.