Curtis Thornton

[unusual_whales @unusual_whales]

BREAKING: The Pentagon has failed its 7th annual audit in a row.

It says is still unable to fully account for its more than $824 billion budget.

[The Kobeissi Letter @KobeissiLetter]

Warren Buffett In 2024:

1. Sold over $100 billion of Apple, $AAPL, stock

2. Halted Berkshire Hathaway, $BRK, stock buybacks

3. Built largest cash balance in company history, at $325 billion

4. Holds a record $288 billion of US Treasury bills

5. Now owns $93 billion more Treasury bills than the Fed

6. Halting buybacks until "price is below Berkshire’s intrinsic value"

Warren Buffett is positioning like a recession is coming.

[Atarah Becks @Atarah48]

🚨🚨
21yrs old truck driver found hanging from a tree in Henderson, North Carolina 😡😡 They're denying his Mother access to view him or even get pictures.
Please share this out & DEMAND Justice ‼️‼️

#JusticeforJavionMagee #Truckers

[The Kobeissi Letter @KobeissiLetter]

This chart is wild, Canadians are drowning in taxes.

The average Canadian family now spends ~$47,000 per year on taxes and ~$13,000 per year on food,

That's 3.6 TIMES more on taxes than food.

The average Canadian family also now spends ~$24,000 per year on shelter.

In other words, the average Canadian family now spends DOUBLE their annual shelter costs on taxes.

Since 2010, the average annual tax bill for a Canadian family is up a whopping ~57%.

Truly concerning numbers.

[The Kobeissi Letter @KobeissiLetter]

This is absolutely insane:

Nvidia, $NVDA, the third largest company in the world is trading like a penny stock.

Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.

In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours.

This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks.

Big tech stocks are throwing around trillions of Dollars of market cap in a matter of hours.

Truly insane.

[Nancy Pelosi Stock Tracker ♟ @pelositracker]

Everyone asked, so here it is 🫡

Introducing the first way to automatically copy her stock trades

Because if she’s going to allow herself to trade, why not throw some $$ alongside her

https://t.co/utx1v46Ykp

That’s ^ how to check it out

[The Kobeissi Letter @KobeissiLetter]

BREAKING: BOTH May and April jobs report numbers were just revised lower by a combined 111,000 jobs.

The May jobs report was revised from 272,000 to 218,000 while the April jobs report was revised from 165,000 to 108,000.

This means that 10 out of the last 15 monthly jobs reports have been revised lower.

On a net basis, the US economy really only added 95,000 jobs this month.

Meanwhile, the unemployment rate is now at 4.1% since December 2021.

The labor market is slowing down rapidly.

[AFRICAN & BLACK HISTORY @AfricanArchives]

In November 1866, Henry Brown invented a "StrongBox", a metal container to store money and important papers that could be locked with a key, a predecessor to the Safe.

Henry Brown was an inventor who saw a need for a convenient and secure way to store money, valuables and important papers. At that time, people commonly kept those type of items in wooden or cardboard boxes in their homes or entrusted them to local banks. Both of these options presented dilemmas. While banks generally provided safety against theft, they did not prevent bank employees from reading through personal papers. 

For Henry Brown, this was unacceptable. He saw a gap to create a tiny safe, complete with lock and key, which could only be accessed by the individual who had the key. He came up with a design of forged steel, which was almost impenetrable, and several different compartments inside of which one could store documents and so forth. This box, which we know as a strongbox, could be stored at home for personal safety, or in a bank for additional safety, without the risk of your personal space being violated.

🖋️if you love our content, please consider supporting our page on https://t.co/16fHyPFENu (follow the ko-fi page too for weekly posts roundup)

[Keith Boykin @keithboykin]

Future Republican President Ronald Reagan agreed with Barry Goldwater and also opposed the Civil Rights Act.

[AFRICAN & BLACK HISTORY @AfricanArchives]

Godfather and godmother of Rock N’ Roll, Chuck Berry and Sister Rosetta Tharpe.

Chuck Berry once said his entire career was "one long Sister Rosetta Tharpe impersonation."

[AJ+ @ajplus]

Not all migrants are trying to make it to the United States. Here’s why some Haitian migrants have decided to make a life in Mexico instead.

(with @iiwrites)

[Christopher Webb @cwebbonline]

Holy Fu@K‼️

Please make sure everyone you know sees this segment with Heritage Foundation President Kevin Roberts — the organization behind Project 2025.

—————

QUESTION: Is your organization going to accept the results of the 2024 presidential election, regardless of the election results.

ANSWER: Yes, if there isn’t massive fraud like there was in 2020.

QUESTION: There wasn’t massive fraud. Where was it?

ANSWER: no answer

QUESTION: What is the plan for the deportation of undocumented immigrants in the interior, not at the border.

ANSWER: We need to have the biggest mass deportation system in America.

QUESTION: What are these people (undocumented immigrants) doing?

ANSWER: A lot of them are committing crimes like murdering the 12-year-old girl in Houston.

FACT: That’s one out of 11 million. In Texas, undocumented immigrants were 37.1 % less likely to be convicted of a crime.

QUESTION: Should a woman be able to get an abortion if her doctor says she needs one?

ANSWER: Abortion is not healthcare . We will change the name of the Department of Health and Human Services to the Department of Life, because we are all in support of life.

[Barchart @Barchart]

Tech Stocks just saw a weekly inflow of $8.7 billion, the largest in history 👀

[The Kobeissi Letter @KobeissiLetter]

US bankruptcies are riding rapidly:

275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010.

Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277.

In May 2024 alone, 62 firms have gone bankrupt, the 3rd largest monthly number since 2020.

Most bankruptcies have been seen in consumer discretionary companies as Americans continue scaling back their spending.

Red Lobster is one of the notable examples which just filed bankruptcy.

More signs of economic weakness are emerging.

[Barchart @Barchart]

U.S. Banks are currently facing unrealized losses of $517 Billion

[unusual_whales @unusual_whales]

BREAKING: More than 7,000 companies globally, employing 130 million people, can't pay back loans and are drowning in debt, per AP.

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

Families in the top 5 most expensive states need over $270,000 annually to live comfortably in the US.

Massachusetts is the most expensive state where a family with 2 working parents and 2 children needs an income of $301,000.

Next are Hawaii, Connecticut, New York, and California with required income ranging from $277,000 to $295,000.

On the other hand, Mississippi is the least expensive, where a family needs $177,798 to live comfortably in a year.

Meanwhile, the median household income was just $75,000 in 2023.

Living comfortably in the US is now considered a luxury.

[Nancy Pelosi Stock Tracker ♟ @pelositracker]

Ding. Ding. Ding.

Another winner for the Tommy Tuberville Portfolio

Back on 10/11, he bought calls in Louisiana Pacific Corp $LPX

Yesterday, they crushed earnings on strong Lumber Revenue and the stock is now up 60% since he bought

The best part? Tuberville just happens to sit on the Senate Committee on Forestry

& S/O the homies QuiverQuant for the chart

[Nina Turner @ninaturner]

We must not be silent about the atrocities happening in Congo.

Free Congo 🇨🇩

[Typical African @Joe__Bassey]

You can’t imagine the mental health of this children who have been orphaned due to the ongoing genocide in Congo and are now living in camps. They are really suffering and need help. #Congoisbleeding