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The US ETF space is blowing up right now. Over the last 2 months, weโve seen roughly 390 new ETF launchesโthe biggest 2-month jump ever recorded.
That number has more than tripled since the start of 2024. In fact, more ETFs have come out in the past 2 months than in the ent
Anthony Noto, CEO of SoFi, is calling out the US financial system for being way outdated. He says blockchain is the answer and pushed for the Clarity Act to help things move faster, cheaper, and safer when it comes to moving money.
SoFi brought in a new exec from Visa to lead
๐จ BREAKING:
๐บ๐ธ Consumer confidence numbers drop at 10 AM ET.
This is the last data before the rate call:
Above 92? Hike chances surge.
At 91.2? Odds stay flat.
Below 91? Cut chances jump.
Everyone's watching today!!
Nvidia is reportedly in talks to help OpenAI secure $250 billion for a massive data center in Ohio. ๐คฏ
The facility, developed by SoftBank, could cost over $500 billion total. Power comes from the US gov, funded by Japan in a trade deal. Commerce Secretary Lutnick is involved
Chinaโs liquefied natural gas imports are skyrocketing:
Weekly LNG deliveries into mainland China jumped +137% week-over-week in the week ending July 19th, to nearly 2.0 million metric tons, the highest in 22 months.
Chinaโs LNG imports have more than quadrupled since mi
When my portfolio is up, I'm not happier.
When my portfolio is down, I'm not sadder.
It would be foolish to let the market's gyrations dictate my mood.
AI infrastructure is hitting a whole new level:
US tech giants are dropping a record $850 billion on data center leases over the next few years. That's up $570 billion (+204%) year over year, and $200 billion (+31%) from last quarter.
Meta added $79 billion in new leases i
The accounting cycle is the step-by-step process of recording, summarizing, and reporting financial transactions. It starts with journal entries and ends with closing accounts for the period. ๐๐ผ
Big news: OpenAI reportedly offered the Trump Administration a 5% stake to 'clear political hurdles,' according to FT.
What we know:
1. Sam Altman thinks giving the public a slice of the company is the best way to share AI's benefits
2. OpenAI is in early talks for a public