Ships transiting Hormuz fell from 540 a week to 67. Cargo capacity fell from 20.2 million metric tonnes a week to 2.2 million.

That is an 88% collapse in traffic and an 89% collapse in cargo capacity since February 27, sustained for over 4 months now.

Probably one of my favorite quotes from Bezos

Business sometimes presents you with opportunities where the risk return curve is so skewed that it would be a mistake to not take a massive swing

Even if you miss 9 out of the 10 shots, one big winner pays for all the failures

I like to imagine a future where the CIA sits on the fact they invented #Bitcoin until one BTC is worth 100M, at which point they sell Satoshi’s stash ($110T) to clear out the national debt and cement their place in history as the greatest deep state known to man

When your coworker is max long software

Bullshit

The good people won and evil was defeated today 😂😂😂

POV: You finally realise you work 15 years for FREE in a 40 year career due to taxes

They got us by the balls

This is so dark, yet so true.. 😂

Only a few will understand this.

For the first time since WW2 the world is about to face a fuel shortage while there's a glut of oil.

The US disruption of the Strait of Hormuz has broken the OPEC alliance of price control.

The recent destruction Russia's refineries by Ukraine + Middle Eastern refineries by Iran means a huge portion of global fuel production has been taken offline.

As we enter the fall, US refineries will go offline for maintenance. That leaves only China's refineries fully operational.

Combined with the ramp up in domestic oil production, suddenly we're going from an oil shortage to a glut, with nowhere for it to go.

Oil prices will plummet along with economic growth.

There are long gas lines in Russia right now because so many refineries have been destroyed. Currently they're importing as much fuel as possible from India.

If the Red Sea is closed, that cuts off Russia from India's fuel production along with Europe.

Coinbase's $COIN Chief Legal Officer (CLO) Paul Grewal is leaving the company after 6 years.

The timing of his departure has raised eyebrows after it was discovered Trump dumped his crypto quietly through the firm.

Grewal announced he is stepping down on July 31, 2026

PAYPAL $PYPL HAS REPORTEDLY RECEIVED A BUYOUT OFFER

Privately-held Stripe and Advent reportedly made an offer to acquire PayPal for $60.50 per share - WSJ

France vs. Spain match highlights..

🚨 THIS MIGHT BE THE BIGGEST SCAM OF THE 21ST CENTURY.

And it was done by the US Government.

Last year, President Trump imposed global tariffs with one major goal.

Trillions will flow into the US economy, and consumers will get rich.

He even called for $1,000+ dividend checks for US households from tariff revenues.

In the meantime, companies passed their costs onto consumers, who believed that dividend checks would compensate for these expenses.

But they got trapped.

This year, the Supreme Court struck down Trump's tariffs and told the US government to refund the collected tariffs.

So far, the US government has distributed $81 billion in collected tariffs with more to come.

Now you must be thinking that finally consumers got their money back.

ABSOLUTELY NOT.

Every single penny has gone to companies that already profited from raising prices.

On the other hand, retail got screwed by paying higher prices and then got no dividend checks.

So, are you giving those tariff savings back to consumers ?

Companies: