Google $GOOGL reportedly capped Meta Platforms $META from using its Gemini AI models because of computing power limits. This messed with Meta's internal projects, so they told employees to use AI tokens more wisely. 📉 - Financial Times
Jerome Powell, the former Fed Chair, just said this month that if any president could fire Fed officials over policy disagreements, the central bank would lose the trust needed to keep the economy strong and stable. 🏦💬
Asian chip stocks are on an incredible run right now 🔥
The MSCI EM Semiconductors vs Magnificent 7 ratio hit a record ~205, more than doubling since early 2026.
Magnificent 7 fell -7% YTD, but MSCI EM Semis surged +91%.
Biggest drivers? SK Hynix +348%, Samsung +199%.
Breakdown time: Contribution Margin vs Gross Margin. One’s per-unit profit after variable costs. The other’s total revenue minus COGS. Important difference 💡
Floyd Mayweather’s peak net worth hit $560 million. Over half a billion. If he’d parked that in the S&P, he’d be pulling in $39 million a year. Now word is he’s going broke. You’d have to be out of your mind to blow through $560 million that fast.