“You better lawyer up, a**hole!” -Alex Karp next week to your local newspaper, probably Somewhere between stealing your personal data and a call with the Pentagon, it appears somebody at Palantir (read: Alex Karp) read a small Swiss magazine and muttered, “Forget about our ongoing war with shortsellers… we need to shut down a very specific printing press… ASAP.” Which brings us to the villain of the week… an online publication called Republi...
Berkshire Hathaway closed out Warren Buffett’s final quarter as CEO in familiar fashion… by selling more stocks than it bought. In the three months ended Dec. 31, Berkshire reduced several of its largest equity holdings, including Apple, Bank of America, and Amazon, according to its latest filing. The continued trimming of Apple stands out. Berkshire has now sold shares of the iPhone maker in seven of the past nine quarters, cutting its stake by more than 75% since the summer...
Supreme Court: I know you’re not used to being told “no,” but we’re putting an end to this tariff game you’ve been playing… Trump: Oh yeah? In that case, I’m going to “tariff” the rest of the world even harder… And just like that, we’re back in Tariff Season (almost like we never left). In case you haven’t heard… yesterday, the Supreme Court dropped a 6-3 anvil on Donald Trump’s “Liberation...
Shares of Grail (NASDAQ: GRAL) declined sharply (-50%) Friday after the company reported that its NHS-Galleri trial did not achieve its primary endpoint of a statistically significant reduction in combined Stage III and Stage IV cancer diagnoses. The study, conducted within England’s National Health Service, was designed to demonstrate a measurable decline in late-stage cancers among participants receiving the Galleri multi-cancer early detection test. The company said the primary endpo...
Hey Alexa, define brick and mortar is dead… Well friends, it’s official… the retail Iron Throne has a new king and it smells like cardboard boxes and my wife's same-day delivery obsession. Andy Jassey just put the Walton’s on notice as Amazon passed Wally World in annual revenue for the first time ever, posting $716.9 billion to Walmart's $713.2 billion. A $3.7 billion gap for those who don't do math. However, for those calling this an&...
Supreme Court: I know you’re not used to being told “no,” but we’re putting an end to this tariff game you’ve been playing… Trump: Oh yeah? In that case, I’m going to “tariff” the rest of the world even harder… And just like that, we’re back in Tariff Season (almost like we never left). In case you haven’t heard… yesterday, the Supreme Court dropped a 6-3 anvil on Donald Trump’s “Liberation...
Someone get Donnie Politics on the phone and tell him I’m absolutely tired of winning… if that’s what this is… Because the Bureau of Economic Analysis just dropped Q4 GDP and… whew. It sure looks a lot like the White House is operating on “concepts of a plan.” The U.S. economy grew at an annualized rate of 1.4% in the fourth quarter of 2025, well below the 2.5% to 2.9% economists were expecting. For context, Q3 was humming along at 4.4%, and...
“Ok… just hear me out… we steal every single one of Target’s best suppliers…” -Walmart CEO John Furner trying to save face Wally World (-3%) just dropped its first earnings report under new CEO John Furner…And at first glance, it should’ve had all the rednecks in Bentonville popping fireworks in the parking lot. The company (started by a man who flew his personal plane around the country to steal other company’s secrets) beat...
Shares of Grail (NASDAQ: GRAL) declined sharply (-50%) Friday after the company reported that its NHS-Galleri trial did not achieve its primary endpoint of a statistically significant reduction in combined Stage III and Stage IV cancer diagnoses. The study, conducted within England’s National Health Service, was designed to demonstrate a measurable decline in late-stage cancers among participants receiving the Galleri multi-cancer early detection test. The company said the primary endpo...
Berkshire Hathaway closed out Warren Buffett’s final quarter as CEO in familiar fashion… by selling more stocks than it bought. In the three months ended Dec. 31, Berkshire reduced several of its largest equity holdings, including Apple, Bank of America, and Amazon, according to its latest filing. The continued trimming of Apple stands out. Berkshire has now sold shares of the iPhone maker in seven of the past nine quarters, cutting its stake by more than 75% since the summer...
Hell hath no fury like a Donald Trump scorned… Somewhere between "constitutional crisis" and "buy the dip," Friday happened. TGIF. For starters, the Supreme Court looked at Trump's emergency tariff regime… a.k.a., the whole IEEPA-powered trade war apparatus and said thanks, but no thanks. The majority ruled the President doesn't actually have the authority to impose tariffs under emergency economic powers. (Source: Giphy) So you...
On Friday, the Supreme Court of the United States ruled 6-3 that tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act were illegal, a decision that could leave the U.S. government facing more than $175 billion in potential refunds. At the center of the case was Trump’s use of IEEPA, a 1977 law that gives presidents certain powers during national emergencies. Trump used it to place tariffs on a wide range of imported goods without direct approva...
A federal grand jury indicted three Silicon Valley engineers on charges of stealing trade secrets from U.S. technology companies, including Google (NASDAQ: GOOGL), and transferring sensitive information to Iran, prosecutors said Thursday. The defendants: Samaneh Ghandali, 41; Soroor Ghandali, 32; and Mohammadjavad Khosravi, 40, were arrested in San Jose and appeared in federal district court the same day. According to the U.S. attorney’s office for the Northern District of California, t...
Someone get Donnie Politics on the phone and tell him I’m absolutely tired of winning… if that’s what this is… Because the Bureau of Economic Analysis just dropped Q4 GDP and… whew. It sure looks a lot like the White House is operating on “concepts of a plan.” The U.S. economy grew at an annualized rate of 1.4% in the fourth quarter of 2025, well below the 2.5% to 2.9% economists were expecting. For context, Q3 was humming along at 4.4%, and...
Bath & Body Works (NYSE: BBWI) has begun selling products through an authorized storefront on Amazon (NASDAQ: AMZN), marking its first official presence on the e-commerce platform. The retailer is offering a selection of fragrances, body washes, hand soaps and candles to U.S. shoppers on Amazon, with items eligible for Prime shipping and no minimum purchase requirement. Prior to the launch, Bath & Body Works merchandise had been available on the marketplace through third-party sellers...
Hey Alexa, define brick and mortar is dead… Well friends, it’s official… the retail Iron Throne has a new king and it smells like cardboard boxes and my wife's same-day delivery obsession. Andy Jassey just put the Walton’s on notice as Amazon passed Wally World in annual revenue for the first time ever, posting $716.9 billion to Walmart's $713.2 billion. A $3.7 billion gap for those who don't do math. However, for those calling this an&...
“First time? Huh?” -Silicon Valley Bank to Blue Owl Capital Blue Owl just found out what happens when you promise retail investors quarterly liquidity… on assets that take years to unwind. Spoiler: it gets awkward. Yesterday, Blue Owl Capital (-6%) permanently restricted withdrawals from one of its retail-focused debt funds (the Blue Owl Capital Corp II) after getting smacked with a wave of redemption requests last year. Translation: the “semi-liquid” fun...
Live footage of the stock market in 2026: As if the rally wasn’t already skating on one good leg, Donnie Warhands rolled in like Tonya’s “friend” and handed stonks the full Nancy Kerrigan special. (And to be fair… he didn’t swing solo… there was some legit help involved. We’ll get to that in a second.) By the closing bell, the Dow was smacked for 363 points (-0.7%), the S&P 500 slipped 0.5%, and the Nasdaq dropped 0.6%. And if...
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