Author: Admin

Market Update: BTI, MCHP, APTV, TWLO, CAVA

More Wall Street customers are signing up for a Trump Media & Technology Group service that allows earlier access to new Truth Social posts, a feature some economists are calling a form of insider trading. Trump Media, founded by President Donald Trump in 2021, announced more than 10 customers have signed up for Truth API, or Application Programming Interface, a service that began earlier this month that gives Wall Street traders access to Truth Social posts from top users, including Trump, milliseconds before being published for the platform’s broader audience. Customers are charged between $60,000 and $100,000 per month for…

Los Angeles Fire and Police Pension System is standing by its lower mid-market and emerging manager strategy in private equity, arguing those investments have continued generating distributions even as many institutional investors grapple with a prolonged liquidity crunch. Adam Perez, head of private equity at the Southern California public pension, spoke to that conviction during an August 6 board meeting.

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday posted a surge in spending in the second quarter, with executives touting the potential of “superior” returns on the company’s investment in China’s cut-throat AI market.The company said capital expenditures for the June quarter rose 65% to 52.8 billion yuan ($7.8 billion) from the previous quarter, as it continues to ramp up buying and building computing infrastructure to monetize its AI models. The company said its free cash flow…

On August 6, the first tranche of locked-up SpaceX shares was released. Roughly 911.5 million shares became eligible to trade in a single session. SPCX went up 6%. Then it went up again the next day, closing out a two-day gain of about 11% on the exact event everybody had circled on their calendar as the plunge. I had circled it too. The Consensus Was Obvious, And Obviously Wrong SpaceX’s public float before that day was about 639 million shares. The unlock added roughly 143% to the tradeable supply overnight. Put another way, the freely tradable portion of the company…

Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty ImagesThe U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on the federal debt continued to weigh on the nation’s fiscal picture, the Treasury Department reported Wednesday.In addition to the big single-month jump, the collective red ink across the first 10 months of the government’s fiscal year rose to nearly $1.8 trillion and surpassed the same period in 2025.The July shortfall…

I feel like this is almost deliberately missing the point. My median expectation is that AI boosts the economy enormously, so shorting things would be a terrible idea. But non-trivial tail risk is that it kills everyone. So shorting things would be pointless. That is from Tom Chivers.  It is easy enough to say buy seriously out of the money puts, and be long with the rest of your portfolio.  But few (if any) of the worriers are doing that.  I should note also that many (most? almost all?) of the bad scenarios have intermediate points of great worry and…

JPMorgan’s David Kelly Expects Fed To Keep Interest Rates Unchanged After In-Line CPI Report — ‘We Essentially Have Got Teflon Inflation In America’ tradingview.com

Chinese exporters are moving into halal food, cosmetics and fashion, but success in this vast market depends on something harder to manufacture than cheap goods: trust.

  An interesting article about investors carrying too much cash was in today’s Wall Street Journal. There’s nothing in the piece that is inaccurate or misleading; it’s just a little narrow and could use better framing.1 I want to address five elements that put the issue of how much cash you should be carrying into a broader perspective: 1. House Money: Everybody wants to compare the current market boom to the late 90s – I disagree on valuations and bubbliciousness, but allow me to share my experience from that era; people who were not managing money then might not be…