Investing
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Trump stopped talking about these media stocks, but his portfolio didn’t stop trading them
Of the seven Fortune 500 companies in President Trump’s disclosed investment portfolio that also turn up somewhere in his public statements this year, five drew a clear 2026 comment from him: Apple, Nvidia, Boeing, Meta, and Disney — the last of which extends a fight that began in 2025. But two others followed the opposite…
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Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
President Donald Trump’s latest financial disclosure has drawn attention for their sheer scale: thousands of stock trades, over $1 billion in crypto income, golf revenue, book royalties, all crammed into a filing that ran to 927 pages this year—compared to eight pages for Barack Obama’s final disclosure and 11 for Joe Biden’s. The optics practically…
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America added more than 1,200 millionaires per day in 2025, but the heyday of the ‘everyday millionaire’ is already over
The “everyday millionaire” has a problem. It’s not money. It’s math. In 2025, UBS coined the term EMILLI — Everyday MILLIonaire — to describe the 401(k) maximizer, the dual-income homeowner, the diligent index-fund investor who looked up one day and realized the number on their brokerage statement had crossed seven figures. It became shorthand for…
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Premier League Lacrosse adds Rob Mac, Glen Powell to investors group in historic $100 million funding round
The Premier Lacrosse League is adding actors Rob Mac and Glen Powell among the investors of a $100 million financing round that represents the largest capital raise in the history of professional lacrosse. The financing round, led by Ares funds and New York Liberty owner Joe Tsai, also included a minority equity investment from ESPN.…
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Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
Steve Eisman has a simple way to explain why SpaceX is the most absurd stock in America: its revenues are roughly equal to those of the company that makes Froot Loops. The difference? Nobody is valuing Kellogg’s at 100x revenue. If you’ll recall, Eisman identified that a housing bubble was building in 2006 and 2007,…
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How one chip stock reversed the global tech selloff, exposed AI’s ‘memory tax’ and made the case for an entire valuation regime change
Micron’s blowout quarter wasn’t just a beat. It was a restructuring of how Wall Street will price memory — and maybe all of semiconductors — for years to come. The bears had been sharpening their claws all week. Korean semiconductor stocks had wobbled. Chatter about AI demand peaking was growing louder in the corridors of…
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Bill Ackman, David Tepper, and other billionaire fund managers are quietly piling into Amazon
A murderer’s row of hedge fund managers agree on one investment move: Amazon is a bargain megacap stock in the artificial intelligence trade that looks expensive. During the most recent quarters, a roster of money managers including David Tepper‘s Appaloosa Management, Seth Klarman’s Baupost Group, Al Gore’s Generation Investment Management, and Sanders Capital have been…
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Quantum computing stocks surge after Trump signed executive orders backing the sector
Shares of quantum computing companies were a rare bright spot amid a tumultuous market Tuesday, surging after President Trump signed two executive orders aimed at maintaining U.S. dominance in the emerging technology. While the broader market slumped Tuesday, with investor jitters on AI and tech pushing the tech-heavy Nasdaq down 2.2% and the S&P 500…
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SpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
Elon Musk’s rocket company SpaceX made him a trillionaire—the first on the planet. The historic IPO of the company earlier this month, which aims to make humanity a spacefaring civilization, saw the richest man on the planet’s net worth hit $1.1 trillion. Space Exploration Technologies Corp (SpaceX) is already among the world’s most valuable companies,…
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Meet the 2 men putting New York’s $300 billion pension fund in play for the first time in 20 years
On paper, New York State Comptroller is a sleepy job. No press secretary emerges from the office to spin the Sunday shows. No Twitter feuds, no viral moments. A recent poll found that 65% of New York Democrats have never heard of the man who has held the position for two decades. What Thomas DiNapoli…