VP JD Vance apologized for disparagingly calling some Democrats “childless cat ladies” in his latest book, calling the remark “boneheaded” and the “dumbest thing” he’s ever said
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I don’t get the odd obsession with Michelle. Why does Barrack look like an after thought in this painting? A meek figure lurking in the background. His wife front and center. He was the president, she’s done nothing. He doesn’t even get a chair, just hunched over on some piece of furniture not meant for sitting. It’s so weird to me
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On its first day of options trading, SpaceX already has the highest volume of option trading on all US exchanges
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JUST IN: A federal judge has UPHELD the felony conviction against former Milwaukee County Judge Hannah Dugan, who was found GUILTY of helping an illegal evade ICE agents at the courthouse
Dugan now faces up to FIVE YEARS in prison, disbarment, and steep fines.
FAFO!
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Dugan now faces up to FIVE YEARS in prison, disbarment, and steep fines.
FAFO!
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JUST IN: Snap unveils its $2,195 AI-powered Specs, with CEO Evan Spiegel declaring them “the computer of the future.”
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Japanese man discovers White people are a minority in London.
"White people are at 36.8%? I thought there would be more. If this happened to the Japanese in Tokyo, it would be terrible. I’d be worried about Japan if this happened to us.”
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"White people are at 36.8%? I thought there would be more. If this happened to the Japanese in Tokyo, it would be terrible. I’d be worried about Japan if this happened to us.”
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Technology CapEx spending is exploding:
The CapEx-to-Sales ratio of developed market tech firms is up to a record 11.5%.
Over the last 2 years, this percentage has risen +4 points, far outpacing any other 2-year increase in history.
To put this into perspective, the previous peaks seen in the 1990s and early 2000s were at 9.0% and 8.5%.
By comparison, the developed market excluding tech CapEx-to-Sales ratio stands at just 7.0%, below its own long-term average.
The AI buildout is also driving investment spending higher in other sectors, with utilities now leading at a CapEx-to-Sales ratio of ~23%, well above its long-term average of ~15%.
The AI investment boom is reshaping capital allocation across the entire economy.
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The CapEx-to-Sales ratio of developed market tech firms is up to a record 11.5%.
Over the last 2 years, this percentage has risen +4 points, far outpacing any other 2-year increase in history.
To put this into perspective, the previous peaks seen in the 1990s and early 2000s were at 9.0% and 8.5%.
By comparison, the developed market excluding tech CapEx-to-Sales ratio stands at just 7.0%, below its own long-term average.
The AI buildout is also driving investment spending higher in other sectors, with utilities now leading at a CapEx-to-Sales ratio of ~23%, well above its long-term average of ~15%.
The AI investment boom is reshaping capital allocation across the entire economy.
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Retail investors are piling in to SpaceX stock:
Over the last 2 trading sessions, retail investors bought nearly as much SpaceX, $SPCX, as every other US single stock combined in the entire prior week, according to Vanda Research data.
On Monday alone, retail purchased +$93.8 million of $SPCX shares, accounting for ~73% of all retail single-stock purchases during the day.
In the first 10 minutes of Monday’s session, retail investor turnover in the stock exceeded $7 million.
Individual investors also bought some semiconductor stocks such as Marvell $MRVL, Micron $MU, SanDisk $SNDK, and Broadcom $AVGO.
Retail appetite for risk shows no signs of slowing.
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Over the last 2 trading sessions, retail investors bought nearly as much SpaceX, $SPCX, as every other US single stock combined in the entire prior week, according to Vanda Research data.
On Monday alone, retail purchased +$93.8 million of $SPCX shares, accounting for ~73% of all retail single-stock purchases during the day.
In the first 10 minutes of Monday’s session, retail investor turnover in the stock exceeded $7 million.
Individual investors also bought some semiconductor stocks such as Marvell $MRVL, Micron $MU, SanDisk $SNDK, and Broadcom $AVGO.
Retail appetite for risk shows no signs of slowing.
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A 22-year-old trans Pakistani national, born in Germany, stabbed a 35-year-old French man to death inside his apartment in Marseille, France.
The victim was discovered by his mother, lying wounded inside his home. Emergency services attempted to revive him, but he was pronounced dead at the scene.
According to investigators, the suspect and victim had met only days earlier, and the suspect had reportedly been staying at the victim's apartment at the time of the attack.
A psychiatric assessment found that the suspect's judgment was impaired during the attack, but not entirely absent.
The suspect remains in custody as French authorities continue their homicide investigation.
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The victim was discovered by his mother, lying wounded inside his home. Emergency services attempted to revive him, but he was pronounced dead at the scene.
According to investigators, the suspect and victim had met only days earlier, and the suspect had reportedly been staying at the victim's apartment at the time of the attack.
A psychiatric assessment found that the suspect's judgment was impaired during the attack, but not entirely absent.
The suspect remains in custody as French authorities continue their homicide investigation.
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The S&P 500 concentration in AI stocks is now 49% of the index
This is the highest concentration since the railroad bubble in the 1800s
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This is the highest concentration since the railroad bubble in the 1800s
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Tech now accounts for 60% of the Stock Market, the largest market concentration in history
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