Trump’s Truth Social post celebrating rising oil prices as a national windfall is technically defensible from a producer standpoint and politically catastrophic from every other one. Here is what the statement gets right, what it gets badly wrong, and what it signals for markets, businesses, and the midterm elections.
Meta is reportedly planning layoffs that could eliminate 20% or more of its nearly 79,000-person workforce, roughly 16,000 jobs, as the company races to offset a staggering $135 billion AI infrastructure spending spree while betting that artificial intelligence can replace the humans it is cutting.
Brent crude briefly hit $119 a barrel Monday as the US-Israel war on Iran enters its second week with no end in sight. The Strait of Hormuz — the chokepoint for 20% of global oil supply — has ground to a near-complete halt, threatening $150 oil and a global inflation shock the world wasn’t ready for.
Robinhood’s $1 billion closed-end fund IPO puts Databricks, Stripe, and Revolut within reach of retail investors. The pitch is compelling. The fine print deserves equal attention.
A devastating jobs report, an oil shock from the Iran war, tariff-driven inflation, and a paralyzed Federal Reserve all landed in the same week. This is what a perfect economic storm looks like.
Wall Street’s biggest bank just told the crypto market exactly what it wants to hear: relief is coming, and it has a name. In a research note that landed as Bitcoin continues grinding sideways in the mid-$60,000 range, JPMorgan analysts led by managing director Nikolaos
Wall Street is about to have the worst Monday morning in years, and everyone on trading desks already knows it. The joint U.S.-Israeli military operation against Iran, launched Saturday and still ongoing, has done what months of tariff drama, the Venezuela incursion, and an increasingly
Netflix formally declined to match Paramount Skydance’s $111 billion bid for Warner Bros. Discovery, clearing the path for Trump ally David Ellison to potentially control CNN, HBO, CBS and half of Hollywood’s studio output.
Nvidia posted $68.13 billion in Q4 revenue, crushed every estimate, guided Q1 to $78 billion, and still saw shares sink 5%. The AI chip king’s problem isn’t performance. It’s that the market now demands proof the entire AI trade survives the decade.
PayPal shares surged nearly 7% after Bloomberg reported Stripe is considering acquiring all or parts of the payments giant. The potential deal would be the largest fintech acquisition in history, combining Stripe’s $159 billion infrastructure empire with PayPal’s 434 million active accounts.
Advanced Micro Devices just got the kind of validation that money can’t buy. Except in this case, it literally did buy it, to the tune of what the Wall Street Journal estimates at more than $100 billion. AMD shares surged as much as 14% in
The Supreme Court just blew a hole through the centerpiece of Donald Trump’s economic agenda, and markets are already celebrating. In a 6-3 ruling delivered Friday morning, the justices declared that Trump exceeded his authority when he used a 1977 national emergency law to slap
The U.S. economy grew at a 4.3% clip in the third quarter of 2025. The stock market has been hitting records. Unemployment, by historical standards, remains low. And nearly 60% of Americans believe the country is currently in a recession. They’re wrong about the technical
Sam Altman just pulled off what might be the most strategically brilliant talent grab of 2026. OpenAI has hired Peter Steinberger, the Austrian developer behind OpenClaw, the open-source AI agent framework that went from zero to cultural phenomenon in roughly two months, triggered a Mac
Prediction markets like Kalshi and Polymarket are rapidly stealing market share from DraftKings and FanDuel, capturing $630 million in Super Bowl bets and driving gambling stocks to multi-year lows as Wall Street reckons with a structural shift in sports wagering.
Robinhood missed Q4 revenue expectations by $70 million as crypto trading volumes cratered 52%. The stock dropped 8% after hours. Wall Street’s response? Keep buying.
Amazon’s $8 billion investment in Anthropic has evolved from a perceived desperation play into a strategic jackpot, with AWS posting its fastest growth in 13 quarters and Anthropic closing a $20 billion funding round at a $350 billion valuation.
Oracle jumped roughly 9% on Monday after D.A. Davidson upgraded the stock to Buy, giving battered Big Tech investors something they haven’t had in over a week: a reason to click the buy button. Microsoft added about 3%, Nvidia gained more than 2%, and Meta
Novo Nordisk just made it very clear: the era of cheap semaglutide knockoffs is over, and it’s willing to sue its way to that outcome. The Danish pharmaceutical giant filed a lawsuit Monday against telehealth darling Hims & Hers Health, alleging the company infringed on
General Motors, Toyota, and Volkswagen. That’s it. That’s the complete list of automakers willing to write checks up to $10 million for 30 seconds of Super Bowl airtime in 2026. Compare that to the heyday of automotive advertising during the Big Game, when five or