Miner Forty-Niner 🇺🇸 retweeted
All seems well as Stephen Miller kicks off his new job as White House chief of staff @jordanklepper
Miner Forty-Niner 🇺🇸 retweeted
Coin of the Day: For #WorldWednesday and #ArmisticeDay (#VeteransDay in the U.S.), here is a Great Britain 2018 2 Pounds that commemorates the 100th anniversary of the World War I armistice. Explore more coins from the SINCONA British Collection: NGCcoin.com/gallery/sincona
Miner Forty-Niner 🇺🇸 retweeted
The Economist reports that hedge funds are RUNNING from AI.
In June, hedge funds' exposure to AI was 47%. Now, they've cut their exposure to 32%.
HEDGE FUNDS ARE UNWINDING THE AI HYPE.
🤖 Made with AI
Miner Forty-Niner 🇺🇸 retweeted
Visualize how 6,500 companies make money.
everysingleindicator.com/com…
Miner Forty-Niner 🇺🇸 retweeted
Per the Wall Street Journal, its costs rose $3 billion in a quarter while revenue grew $1 billion. Two senior executives have also left as an IPO reportedly gets closer. Steve Eisman, who bet against the housing market before 2008, isn't predicting OpenAI fails. He says it's not too early to think about it.
Watch the full video for the risks he's watching. Link in bio.
Miner Forty-Niner 🇺🇸 retweeted
Note of the Day: We enter the home stretch of our #American250 tour of the states with this National Bank Note dating to Utah’s time as a territory. This Serial Number 1 note realized $78,000 at a Heritage Auctions sale in 2023: tinyurl.com/4vreaneu
Miner Forty-Niner 🇺🇸 retweeted
It cost me $30.13 so that Trump could collect 63 cents in tariff revenue for the U.S. government. Yet according to Trump, his tariffs are making us rich. Only the government could do something this stupid.
Miner Forty-Niner 🇺🇸 retweeted
Way worse than Watergate: it looks like both Lutnick and Trump sold out the United States.
They should both resign.
In a just world they would be brought up on charges.
🚨🇺🇸🇨🇳 Sec. Bessent reportedly CONFRONTED Sec. Lutnick inside the WH Situation Room over CHINA.
Bessent demanded to know why Megaspeed, a company accused of illegally diverting U.S. chips to China, had NOT been blacklisted.
Lutnick's response? “I don't know. I'll look into it.” 💀
Officials had reportedly been warning Lutnick about Megaspeed for MONTHS and he did NOTHING.
Source: Axios / Writer: Samuel
Miner Forty-Niner 🇺🇸 retweeted
🚨This morning we reached the required 218 signatures on my discharge petition for Epstein Files Transparency Act II !
I’m working closely with @RepJayapal, @RepTeresaLF and @RepRoKhanna to get this to the floor for a vote soon.
Miner Forty-Niner 🇺🇸 retweeted
Absolute dog of a company that has now raised at a suicidal $1.25 trillion valuation, but could only scrape together $11bn, or around half of what it needed to get through this quarter. I do not see how OpenAI IPOs at anything close to this valuation, if at all.
we've updated our story with more details on openai's third quarter numbers and how it compares to anthropic
oai operating loss when *including* stock based compensation is around -$13.5 billion in q3
anthropic's operating loss was -$567 million in q3
wsj.com/business/earnings/op…
Miner Forty-Niner 🇺🇸 retweeted
As predicted.
The Dollar Index is breaking out of a pulchritudinous, textbook bull flag.
The Dollar Milkshake Theory is alive and well..serving as both a smoke signal and a catalyst for capital flight, as global debt servicing is about to get a lot more burdensome.
Yours truly,
The Great Martis.
Miner Forty-Niner 🇺🇸 retweeted
honestly insane. what the hell was Lutnick thinking?
Miner Forty-Niner 🇺🇸 retweeted
Who in their right mind is selling gold?
Gold is falling as the Fed signals more rate hikes.
The argument: higher rates make Treasuries more attractive.
So why are central banks selling Treasuries and buying gold?
The biggest, best-informed buyers on earth are doing the opposite of what the yield chart says.
Because higher rates also make it impossible for the US to refinance its debt.
Rate hikes don’t strengthen the Treasury story. They stress it.
Retail trades the rate move. Central banks trade the system.
You need more gold in your vault.
Miner Forty-Niner 🇺🇸 retweeted
“.. There’s about $200 billion of chips sitting in warehouses because the data centers aren’t ready,” Waxman said. That’s a risk because chips can depreciate rapidly, he added.
@business
bloomberg.com/news/articles/…
Miner Forty-Niner 🇺🇸 retweeted
Did Karnak's island echo a creation tale?
truthinstone.com/sites/karna…
Karnak sat on a Nile river-terrace island. Authors suggest the island layout may recall Egypt’s primeval-mound creation story. People could stay for good after 2520 BC ±420 years.
Photo: Marc Ryckaert, CC BY-SA 4.0
