The biggest experiment in human history just turned 250 ๐บ๐ธ So thankful for the chances this country gave me and for everyone who fought to keep it free.
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Big drop in South Korea today ๐ Korean stocks crashed almost 8%, now down 18.5% from last month's record high. Nearly in bear market territory already ๐ป
OpenAI reportedly offered the Trump Administration a 5% stake to smooth things over politically, according to FT.
Whatโs happening:
1. Sam Altman thinks giving the public a financial cut is the best way for everyone to benefit from AI
2. There are early talks about a publi
Europe could be facing huge job losses if things donโt change, according to the FT. Reform is neededโtime to act isnโt running out, itโs already gone.
Apple's in talks to buy memory chips from two Chinese semiconductor firms that are on a Pentagon blacklist ๐จ๐ณ. They're looking to ease the global memory crunch, according to Bloomberg.
Just in: US M2 money supply jumped by $247.8 billion in May, hitting a new record of $23.1 trillion.
That's the biggest monthly jump since May 2021.
So far this year, it's up $698.6 billionโthe largest Jan-May increase in 5 years.
We're now sitting $1.3 trillion above th
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Big news! ๐จ The Fed is pumping $6.6 billion into the markets tomorrow at 9 AM ET, just before the US market opens. Kevin Wars is keeping T-bill purchases going and firing up the money printer again. This looks super bullish for stocks! ๐