BREAKING: President Trump says "I love the inflation" and explains why after US CPI inflation rises to 4.2%.
Trump also announces that the US has been taking oil from Iran, including 22 ships of oil "last night."
JUST IN: GOOGLE $GOOGL JUST ANNOUNCED AN $80 BILLION CAPITAL RAISE TO BUILD AI INFRASTRUCTURE
And Berkshire Hathaway $BRK.B is writing a $10 billion check to get in.
Here's the full breakdown:
THE DEAL:
- $30B in underwritten public offerings
- $40B through an at-the-market stock program starting Q3 2026
- $10B private placement to Berkshire Hathaway
THE BERKSHIRE PIECE:
- $5B in Class A Common Stock at $351.81 per share
- $5B in Class C Capital Stock at $348.20 per share
- Berkshire has been building this position since Q3 2025
THE PURPOSE:
- Scale AI compute infrastructure to meet "unprecedented customer demand"
- Approximately $30B of the ATM proceeds will cover 2026 employee equity tax obligations
- Remaining proceeds go directly to AI infrastructure buildout
The US unemployment rate would be materially higher without the US budget deficit:
The US federal budget deficit stands at -7.0% of nominal GDP, twice the 2018-2019 pre-pandemic levels.
In nominal terms, the budget gap reached $1.2 trillion over the first 6 months of FY2026, the 3rd-worst first-half of any fiscal year in history.
Historically, a deficit of this magnitude has only occurred during a deep recession or a severe economic crisis, when unemployment was surging well above average.
Based on the historical relationship between the two, a deficit of -7.0% of GDP would correspond to an unemployment rate of ~8.5%, nearly double the current rate, per Zerohedge.
In other words, the current deficit may be one of the primary reasons unemployment has not spiked significantly higher.
The US deficit is running at recessionary levels.
@MarioNawfal In neighborhoods across Queens, Southeast Brooklyn, and Staten Island, there is a massive block of Working to Middle-Class owners who purchased properties decades ago.
• These owners often don't meet the current $150k+ income "upper class" criteria.
@MarioNawfal In NYC, roughly 70% to 80% of the total residential units are owned by business entities (LLCs, corporations, or institutional investors) rather than individual people. Not by individual high income earners