Reading up on finance
100 deep · digging since nov 26, 25
- How to Build Wealth as a Career Person – Asher's Blog
A steady career can build wealth by increasing your value, saving and investing the surplus, and avoiding lifestyle inflation over time.
- JetBrains reports revenue growth, net financial loss for 2025
JetBrains announced increased revenue for 2025 but posted a net financial loss due to higher operating expenses, according to its annual financial report released today.
- High Interest Rates Aren’t Slowing the A.I. Boom. That’s a Problem for the Fed.
Despite rising borrowing costs hurting households and businesses, AI infrastructure investment remains strong, fueling inflation and complicating the Federal Reserve's efforts.
- Inside a Billionaire’s Paradise With Crypto’s Most Powerful Ex-Convict
Changpeng Zhao, pardoned by Trump after a U.S. financial crime conviction, now enjoys a lavish lifestyle in the UAE amid ongoing crypto scrutiny.
- wsj.com
The Wall Street Journal website delivers daily news, analysis, and multimedia coverage of business, finance, politics, and technology to a global readership.
- Does Georgism work? Five years later
Five years after early experiments, the article finds that Georgist land-value taxes boost public revenue slightly while encountering strong political resistance and limited adoption.
- A brief history of the Bloomberg terminal
The article traces the origins and evolution of the Bloomberg terminal from its inception to its current role in finance.
- Hedge Fund’s Near Collapse Lays Bare Risks of Borrowing to Bet on A.I.
The near‑collapse of AI‑focused hedge fund Situational Awareness reveals the dangers Wall Street banks face when lending billions to speculative AI bets.
- wsj.com
The Wall Street Journal website delivers daily news coverage focusing on business, finance, and global events.
- Could A.I. Safety Risks Derail the Sector’s I.P.O. Prospects?
Anthropic and OpenAI face growing liability concerns over AI safety that could jeopardize their upcoming initial public offerings in the near term.
- Nvidia Adds $150 Billion to Massive Stock Buyback, the Largest Ever
Nvidia announced an additional $150 billion share‑repurchase authorization, raising its total approved buyback to $235 billion, described as the largest ever today.
- DAYJOB: Finance Benchmark
The DAYJOB: Finance benchmark from Surge AI tests AI agents on 80 real-world finance assignments and checks whether their analysis is usable by finance professionals.
- Ranking globalnych funduszy ETF 2026 - najlepsze ETF-y
The article ranks 2026’s best global equity ETFs, picking SPDR MSCI All Country World as top accumulating and Amundi Prime All Country World as top distributing.
- When Intelligence Becomes Abundant, Architecture Becomes the Constraint
When machine intelligence becomes abundant, the bottleneck shifts from AI capability to enterprise architecture, requiring systems designed for AI as a first‑class participant to unlock lasting value.
- 10-Year Treasury Yield Touches 5%, Highest Level in Years
The 10‑year Treasury yield rose to 5%, its highest level in years, as investors ignored Trump administration attempts to influence the bond market.
- What do Visa and Mastercard do? An intro to card networks
Visa and Mastercard operate as global payment networks that authorize, clear, and settle card transactions, earning fees while providing fraud protection and universal acceptance for consumers and merchants.
- Why Stocks Are Defying Gravity and What Could Bring Them Down
Stocks are rising due to strong corporate earnings and AI optimism despite Iran war concerns, but rising interest rates increasingly threaten the rally.
- Robinhood Wins a New Role in the Oura IPO: Underwriter - WSJ
Robinhood is listed as an underwriter in Oura's IPO, its first official underwriting role, potentially giving it more influence over share allocation to retail customers.
- S.E.C. Investigating Near-Implosion of A.I. Hedge Fund
Regulators have subpoenaed major Wall Street banks for details on the trading activities of the AI hedge fund Situational Awareness amid concerns of its near collapse.
- Starting a quantitative trading firm with 0 experience — Jae Chung
The author recounts how his inexperienced team discovered a profitable CEX-DEX arbitrage edge and iteratively optimized it before competition eroded returns.
- Lovable raises $400M Series C
Lovable raised $400 million in a Series C round, underscoring investor confidence in its business model and future prospects for expansion.
- Why Wall Street is ignoring big tech's debt [video]
Wall Street is overlooking the growing debt burdens of major technology companies.
- How the A.I. Borrowing Binge Helps Drive Up Government Bond Yields
The rise in Treasury yields partly reflects investor expectations that AI-driven economic growth will keep interest rates elevated, analysts say.
- U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
U.S. national debt surpasses $40 trillion due to war spending, tax cuts, and tariff refunds, undermining promises of fiscal restraint.
- Exclusive | How Wall Street Sussed Out That Situational Awareness Was On the Ropes - WSJ
Wall Street traders sensed trouble in Leopold Aschenbrenner’s Situational Awareness hedge fund after it sought to sell its Anthropic stake amid margin calls and falling AI stocks.
- Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom
Six major investment firms are seeking $500 billion in funding to finance AI computing infrastructure for Nvidia customers amid the ongoing artificial intelligence boom.
- Building An Ai Native Finance Function
Finance teams must rebuild their functions around AI-native workflows to automate routine tasks, enable real-time insights, and shift focus from data processing to strategic decision-making.
- Carry Wall Street in Your Pocket With These Free Apps
Google Finance and Apple's Stocks app have added new features to improve tracking of markets and investments.
- SpaceX’s Spending on A.I. Soars, in First Results After I.P.O.
SpaceX reported a nearly sevenfold increase in capital expenditures and rising revenue in its first post‑IPO financial results, highlighting its AI investment surge.
- The Next Five Years — a 6-question survey
The article invites readers to answer six brief questions forecasting the US economy in 2031 to compare their own predictions.
- This High-Powered Real-Estate Fund Is Run by College Students - WSJ
Indiana University undergraduates manage a $12 million real-estate fund that sold its first investment nationwide for a 65% gross profit.
- When Genius Fails—The Intellectual Arrogance of the AI Labs
The piece argues that frontier AI labs' overconfidence leads to reckless bets and misguided claims, exemplified by a collapsed hedge fund and AI models breaching security.
- Floundering A.I. ‘Nostradamus’ Hedge Fund Is Rescued by Rival
Situational Awareness, a high‑flying AI hedge fund founded by a 24‑year‑old, has been rescued by rival Citadel, whose founder Kenneth Griffin facilitated the bailout.
- How A.I. Mania Turned This Stock Market Into a ‘Version of Squid Game’
South Korea’s KOSPI index has experienced wild swings driven by investor enthusiasm and anxiety over the global AI boom in recent months.
- Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI - WSJ
Citadel purchased Situational Awareness’s leveraged stock portfolio after AI‑related losses forced the hedge fund to sell holdings to meet margin calls.
- X Money officially launches in the US with Apple Wallet support after invite-only beta - 9to5Mac
X Money launches in the US for Premium and Premium+ subscribers, offering fee‑free P2P payments, a Visa debit card, Apple Wallet integration, and up to 6% APY.
- How to Choose a Real Estate Agent to Sell Your Home
Selecting a real estate agent who has recent local experience and asking probing questions leads to a better home sale outcome.
- Google Sets the Pace on Hefty A.I. Spending
Google raised its artificial-intelligence investment projections for the coming year, underscoring its aggressive spending strategy while Wall Street analysts question the eventual financial payoff.
- Stocks and the Economy Are Increasingly Relying on the A.I. Boom
Growing investments in artificial intelligence and related companies are significantly lifting stock market valuations while simultaneously stimulating broader economic spending across the economy.
- House Approves Bill Limiting Stock Trades for Congress
The House passed a bipartisan bill that would ban members of Congress from trading individual stocks, though Democrats withdrew support after Republicans added a voter ID provision.
- Do These C.E.O.s Loathe Each Other? Bet on It.
The piece details the fierce rivalry between Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour as they compete to dominate the prediction‑market industry.
- On Kalshi and Polymarket, World Cup Final Drives Bets Into the Billions
The World Cup final drove prediction‑market activity on Kalshi and Polymarket to record levels, generating billions in bets and possibly the largest gambling event ever.
- How the Superwealthy Sidestep the Masses to Get to the World Cup
Wealthy fans bypass crowds by flying private helicopters to World Cup games, underscoring growing inequality as elite travel overwhelms public access.
- 14 value stocks of companies primed for rapid growth through 2028 - MarketWatch
MarketWatch identifies 14 value stocks from the Russell 1000 Value Index with high revenue growth estimates through 2028, noting value stocks tend to outperform growth during high inflation.
- Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin
A cryptocurrency analytics report found nearly a million investors lost $3.8 billion on the Trump memecoin, with retail investors bearing most losses while savvy traders profited.
- Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big
President Trump and his family gained massive financial profits from a memecoin while many investors suffered significant losses.
- Learning to Replicate Expert Judgment in Financial Tasks - Thinking Machines Lab
Thinking Machines Lab fine-tuned a custom model on expert-labeled financial data to outperform frontier LLMs on information-filtering tasks at lower cost.
- S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
S&P 500 rejects rule changes that would have fast-tracked SpaceX, OpenAI, and Anthropic into the index, maintaining standard eligibility criteria like profitability and a one-year seasoning period.
- Crazy Rich Returns Lure Cabbies and Even Kids to Red-Hot Asian Markets - WSJ
AI boom has fueled a retail investing frenzy in South Korea, Taiwan, and Japan, with individuals pouring life savings into volatile stocks.
- Secretive Wall Street Powerhouse Jane Street Seizes the AI Spotlight - WSJ
Secretive Wall Street trading giant Jane Street is aggressively expanding into AI and hiring over 500 employees this year.
- Elon Musk Becomes the World’s First Trillionaire
Elon Musk's net worth exceeded $1 trillion after SpaceX shares surged 20% on their first day of trading, making him the first trillionaire.
- How Banks Are Using SpaceX to Woo the Superrich
Wall Street banks are offering their wealthiest clients exclusive access to SpaceX's public listing to deepen relationships in the wealth management business.
- xAI is looking more like a datacentre REIT than a frontier lab - Martin Alderson
xAI's GPU rental deals with Anthropic and Google transform it into a datacenter REIT-like business, driven by financial engineering, compute shortages, and infrastructure advantages.
- The 24-Year-Old AI Wiz Who Counts Jane Street as an Investor - WSJ
Leopold Aschenbrenner's AI-focused hedge fund, Situational Awareness, grew from hundreds of millions to over $20 billion in assets, drawing an investment from quant-trading firm Jane Street.
- The Cattle Empire That Turned Out to Be a Giant Ponzi Scheme - WSJ
A former chemicals plant worker ran a $170 million cattle operation that was actually a Ponzi scheme sustained by phantom livestock and fraudulent financial reports.
- AI Is Upending One of Finance’s Cushiest Jobs
AI chatbots are threatening high-paying wealth manager roles by automating financial advice and tax preparation tasks.
- Wall Street Is Going Gaga for SpaceX
Wall Street banks, led by Jamie Dimon, are preparing for SpaceX's IPO, projected as the largest ever, with massive fee potential.
- AI: Morgan Stanley to open its wealth management funnel to agents
Morgan Stanley will let external AI agents pull client stock-plan data directly from ShareWorks and Equity Edge, bypassing human interfaces.
- Dell Stock Snaps 8-Day Winning Streak Even as AI Server Rivals Soar<!-- --> - Barron's
Dell's stock fell on Tuesday, ending an eight-day winning streak, while competitors in the AI server market saw significant gains.
- The Trillion-Dollar Stakes of the OpenAI vs. Anthropic IPO Race - WSJ
OpenAI and Anthropic are racing to go public first, with significant advantages for the first mover and disadvantages for the second in the AI IPO race.
- For Wall Street, the Only Thing Worse Than SpaceX Flopping Is Missing Out
SpaceX and its bankers are engineering FOMO around its IPO, making investors fear missing out more than the risk of a flop.
- Still Mailing Your Rent? You’re Hardly Alone.
Online rent payments have become the majority method for the first time, but still barely edge out mailing checks.
- Billionaire families are reducing their exposure to the U.S., and this is where they’re looking to invest instead - MarketWatch
Over a quarter of UBS's family-office clients have reduced or plan to reduce dollar assets, shifting investments towards Western Europe and China due to concerns about the weakening reserve currency.
- Goldman Hits the Jackpot After Banks’ ‘Dogfight’ to Lead SpaceX’s I.P.O.
Goldman Sachs won the highly competitive mandate to lead SpaceX’s initial public offering, expected to be the largest in history.
- This 83-Year-Old Investor Is Elon Musk’s Biggest Fanboy - WSJ
Ron Baron, an 83-year-old investor, has bet his firm's future on SpaceX and Tesla, counting on SpaceX's upcoming IPO to reverse fund losses.
- Robinhood Lets Customers Use AI to Trade Stocks, Make Credit-Card Purchases - WSJ
Robinhood is launching a feature allowing customers to delegate trading and credit-card spending decisions to AI agents like Claude and Cursor via dedicated accounts.
- The Average Guys Outsmarting Wall Street on Prediction Markets
Retail prediction-market traders—'sharps'—have earned millions betting on events like elections and movie scores, often beating institutional forecasts.
- Job Cuts Driven by A.I. Are Rising on Wall Street
Wall Street banks are accelerating job cuts as AI automates trading, analysis, and back-office tasks, with executives framing the shift as opening new frontiers.
- Exclusive: Yahoo Finance is building a Bloomberg Terminal for everyone else
Yahoo Finance launches AlphaSpace, a customizable research dashboard with AI assistant, aiming to bring Bloomberg Terminal-style tools to its 150 million retail investors.
- Berkshire Hathaway portfolio changes: How the new stocks are trading
Berkshire Hathaway disclosed a $2.6 billion Delta Air Lines stake and increased its Alphabet position, with several stocks rising on the news.
- See Who Owns The 39 Trillion U S Debt In 2026 From Domestic And Foreign Holders To The Fed And Mutual And Pension Funds
As of March 2026, U.S. debt totals $39 trillion, with domestic investors holding $17.7 trillion and foreign holders $9.3 trillion.
- The Man Who Hunts Monster Stocks
Matt Ankrum's Coffee Can strategy seeks 100-bagger stocks by holding high-quality incumbents, arguing that companies like Toast will adopt AI rather than be disrupted by startups.
- Akamai Stock Notches a 26-Year High. Is the Stock An AI Play Now?<!-- --> - Barron's
Akamai stock reached a 26-year high after Bank of America upgraded it following a $1.8 billion AI deal, signaling it is now an AI play.
- Europe’s few AI plays soar as US tech frenzy goes global
European AI-focused stocks surge as the US-driven technology rally broadens to global markets, lifting the region's few prominent AI plays.
- Here Are the Top 250 Private Wealth Management Teams of 2026<!-- --> - Barron's
The richest 0.1% of U.S. households now control 14.5% of total wealth, up from 8.7% in 1990, driving growth in top wealth management teams.
- AI Bots Auditioning for Wall Street Trading Are Mostly Losing
Most AI systems in trading contests lose money, overtrade, and generate inconsistent decisions even under identical instructions.
Takes
the only investment research you need for the next two years is looking at this photo
@gannonbreslin
I’m so fucking sick of giving away 3% of all our revenue just for processing a payment. Like how is that not disrupted yet? Most ecom brands run on around 15% net. So we are giving up over 16% of our potential pre transaction fee profits to these bastards. Someone please disrupt this. It’s as if credit card processing companies are 16% equity holders in all our businesses.
@chuckiegregory
Ok Muse is actually useful. People are using Muse to get their money back, save on bills, get efunds. 10 wild examples:
@minchoi
We designed Mercury Books around a simple idea: accounting as a form of organizational self-awareness
@verlichen
I've been buying $VBIL to earn 3.5% interest for cash I might want to use and don't want stuck in the stock market ups and downs It's Treasury Bills but with zero lock-up period
@rchase
A Stanford professor took two average stocks, rebalanced them daily, and turned $100,000 into $7 million without predicting a single price. Bookmark & watch today, no matter what.
@Alokkumarzz
We (@mercury) are pushing the envelope on agentic banking. Already have agentic cards, MCP and Command (our AI agent). What other features would people like to see us build?
@immad
TIL, you can have a public Stripe profile with "Pay" button Here's mine: https://profile.stripe.com/@marc You can set it up here: https://dashboard.stripe.com/profiles
@marckohlbrugge
Who's doing the first agentic bank? I want to give my machine an agent account, an allowance, and permission to just take care of stuff.
@dhh
New - Billionaire Stanley Druckenmiller tells me "of course" he used AI to write op-ed on Bessent & bond market "There's a reason I moved from an English major to being an economics major," he says, "I'm not embarrassed by it" No response from WSJ https://www.notus.org/media/stanley-druckenmillers-wsj-op-ed-bessent-ai
@jstein_notus
Norway has an unwritten cultural rule: don't think you're special. When @NicolaiTang1 got to Wharton, one of his classmates stood up and said all he wanted to achieve in life is to "conquer the world." Today he runs the world's largest sovereign wealth fund. But his views on ambition were shaped by America. "If you have really, really high ambitions, you achieve great things even if you fail. If you have low ambitions, you achieve nothing even if you succeed."
@shaneparrish
Ghostty: We just ship faster terminal to unlock more possibilities Gloomberg: yeah that's our finance tool in Terminal https://gloom.sh/
@hd_nvim
30 year treasury yield is now 5.3% I can buy $1 million of these bonds Get $53k/year and pay $0 in state tax Every single year for 30 straight years Then get my full $1 million back after My annual expenses are $50k/year Why wouldn’t I do this and retire? 😳
@BarbellFi
Talked with several CTO / Head of Engineering type folks at seemingly high-flying AI companies (in the press, doing well) who quit for a few reasons: 1. Relentless, 7 days/week, 70+ hours work 2. Had high equity, but valuation also v high, and investors have a LOT of preference
@GergelyOrosz
"The only ones I see winning are those I’ve described a couple of times: people who specialise in asymmetric coups and surfing every possible wave, taking advantage of the currently artificially low price of tokens." This guy writes insanely well and probably right!
@levelsio
10 days ago, @Revolut froze the Outrank bank account, and both our personal accounts for me and @eugZolotarenko no email, no explanation the only explanation I see is that my Ukrainian (non-EU) cofounder is a shareholder of a French company and that triggered some warnings?? would love an explaination @Revolut .. a better one than the "routine check" provided by your support agents I used to love your services but as you're holding our money hostage, it severely affects trust
@tibo_maker
that poor shop pay button got it hard today
@tobi
Co-sign.
@pmarca
A ChatGPT automation just found ~$45K in erroneous invoices across 3 years of billing history that I've confirmed and already had resolved. My lifetime history for ChatGPT is ~$1,800, so it just paid for itself 25x over. I setup an automation with read-only access to my email, and tasked this one specifically with analyzing construction invoices. It has access to prior construction invoices, emails, meeting notes, etc. It produces a report and emails it to me (the only email its allowed to send, enforced by API token) whenever I receive a construction invoice. Across 3 years of construction projects, it found about $45K in issues. Some were wrong amounts, some were duplicate invoices, some were invoices addressed to the wrong person. I manually verified, emailed my GCs, and got refunded/credited. I get multiple construction bills each month and each bill is ~50 pages in a PDF of low-quality scanned paper. I do manually review each bill but its pretty hard to be right all the time. I do believe these were genuine mistakes and not done out of ill will just based on what the mistakes were. I don't want to share my full construction costs across the past few years, but $45K is a very small percentage of overall billed amounts. Pretty sweet.
@mitchellh
I made a live stock market bubble detector that shows bubble indicators updated multiple times per day https://levels.io/bubble-detector
@levelsio
People still think (or feel) because Bitcoin is down crypto is down. Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto. Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in. (And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
@brian_armstrong
Realising Apple went public at under $2 billion and 15 times revenue in 1980. SpaceX wants you to buy at $2 trillion and 100 times revenue in 2026. That is not getting in early. That is being the exit for venture capitalists who have held this equity for years at a fraction of what you are being asked to pay. Almost none of the retail investors buying this IPO will read the 300 pages before the book closes on June 11. That is your entire competitive advantage right there.
@DamiDefi
Exact same with IBKR 😂
@levelsio
The bull market in stocks is only beginning. Everyone is underestimating how big the shortage of compute and power exists. The bears are wrong. The bulls are going to make money. Choose wisely.
@APompliano