US jobs smashed expectations in May (+172K vs 88K est) so now all eyes are on inflation. Wednesday's CPI is expected to hit 4.2% yearly — the highest in over 3 years. Core CPI (minus food/energy) likely +2.9% yearly and +0.3% monthly, a bit cooler than April's 0.4%. That might
Reporter: The cheapest ticket for that NBA Finals game is $8,000. Regular folks can't swing those prices.
Trump: Just watch it on TV. It's basically free that way. That's how it is.
$LULU dropped 10.5% after cutting full year revenue and earnings guidance, way below expectations. I've been skeptical for a while—CEO turnover every few years, Chip Wilson's drama with the board, and tough competition from Vuori, Alo, and Skims with basically the same stuff.
Just in: MicroStrategy ($MSTR) is sitting on a record unrealized loss of -$12.7 billion on its Bitcoin stash. That means the company's position has dropped -$28 billion in the past year alone.
🚨 Heads up: that AI bubble might be about to pop
Microsoft poured $13B into OpenAI.
OpenAI paid it right back to Azure.
Microsoft called it revenue.
Amazon and Google are doing the same dance with Anthropic, racking up paper profits from inflated AI hype.
OpenAI burn
@xk3jVHhBYV9p18r Historically, market forces and global supply chains have a lot more to do with oil prices than any single politician's promises. Let's see what actually happens.