⁠Quiver Quantitative
"Skibidi Toilet Coin" was just mentioned in the Financial Services Committee Hearing https://t.co/gbXYDpRyfs
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⁠Wall St Engine
SAUDIS WANT MORE SUPER-SIZE OPEC+ HIKES IN PUSH FOR MARKET SHARE.
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⁠Wall St Engine
US COMMERCE SECRETARY LUTNICK SAYS 50% OF AI COMPUTE MUST BE IN THE UNITED STATES; SAYS RENEGOTIATING CHIPS ACT CONTRACTS
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⁠Quiver Quantitative
NEW: Representative Tim Burchett on congressional stock trading.

"This town is crooked as a dog's leg, and that's our heritage"

- @timburchett https://t.co/HxdwGnDHUE
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⁠Quiver Quantitative
"My prediction is that we're going to have the mother of all financial crises, because of the involvement of crypto"

- @RepStephenLynch https://t.co/bpPGlHMZNv
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⁠Wall St Engine
$AAPL AND ALIBABA’S AI ROLLOUT IN CHINA DELAYED - FT

Beijing’s cyberspace regulator has delayed approval for their joint AI rollout amid U.S.-China trade tensions, per FT.
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⁠Quiver Quantitative
Representative Andy Barr defends Trump's crypto involvement:

"The President's assets are in a blind trust managed by his children" https://t.co/jWa3vAbPVm
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⁠Wall St Engine
$AMZN TO SPEND $10B ON NC DATA CENTERS:

As part of its $100B capex plan this year, Amazon’s putting $10B into new North Carolina data centers to grow its AI infrastructure. The move will bring 500 jobs and expand AWS capacity to meet booming demand for generative AI, per CNBC. https://t.co/olDhbJcMLE
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⁠App Economy Insights
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⁠Wall St Engine
RT @elonmusk: This is debt slavery for the American people

The accrued interest on the national debt now exceeds $1 trillion a year—more than we spend on national defense

And yet Congress continues to add to the debt at an astounding rate of $2 trillion per year—with our national debt growing faster than our economy

Unless we turn this around quickly, our debt and deficit will increasingly threaten our ability to fund the basic operations of government

But have no fear, these massive deficits are “essential”—that is, they play an essential role in Congress’s ability to avoid making difficult decisions while “getting things done” (i.e., spending more money), which seems to be the prime directive of The Uniparty™️

This harms hardworking Americans—especially the poor, who are hit hardest by the invisible, highly regressive tax this inevitably creates (in the form of inflation)

Meanwhile, big spenders in Congress—in both parties—forge ahead, knowing well that the media will praise them for voting to spend more, and relentlessly criticize anyone who wants to cut … well … basically anything

No amount of media praise directed at politicians can provide moral justification for the immense harm that this cruel, vicious cycle inflicts on hardworking Americans - Mike Lee
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⁠Wall St Engine
TRUMP: PUTIN CONVERSATION WAS GOOD BUT WILL NOT IMMEDIATELY LEAD TO PEACE https://t.co/9zYB96Db1X
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⁠Wall St Engine
CBO says Trump’s tax and spending bill would ADD $2.4T to the deficit over 10 years, while his tariffs could CUT deficits by $2.8T over that same stretch. Tariffs would hit GDP by 0.6% and push PCE inflation up 0.9% by 2026.
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