Israel continues to be a leader this bull market.
That's another new all-time weekly closing high for the Tel Aviv 125 Index. Source: J.C. Parets @allstarcharts
‼️ 🚨 BREAKING: Elon Musk-led group makes $97.4B bid for control of OpenAI. 👀
A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday. Musk's attorney, Marc Toberoff, said he submitted the bid to OpenAI’s board on Monday, according to the report. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," the WSJ cited Musk as saying in a statement provided by Toberoff. "We will make sure that happens." SOURCE: REUTERS, WSJ
Canada just can't quite make it out of the crosshairs of the new US administration.
Canada is biggest foreign supplier of steel (lhs, blue) - just edging out the EU (lhs, orange) - and by far the biggest foreign supplier of aluminum (rhs, blue). China is NOT a big supplier... Source: Robin Brooks
Here's how Chinese stocks have done since they all told you that Chinese stocks were going to crash because of something they're calling "Tariffs"
Source: J-C Parets
This is what is going on inside the Big 3 vaults. No comment necessary.
Source: www.zerohedge.com
Linkedin Has Become a $16bln Biz
Last week, Microsoft revealed that the site is seeing record engagement, with comments on the platform up 37% year over year. Moreover, millions of people have now signed up for LinkedIn Premium; the company revealed that it’s earned more than $2 billion in revenue from its AI-laden premium service in the last 12 months. Indeed, LinkedIn more broadly contributes healthily to Microsoft’s bottom line — the division delivered $16 billion in revenue in 2024, more than The New York Times, Zoom, and Docusign put together. source : chartr
🚨CRYPTO ADOPTION 43% FASTER THAN MOBILE PHONES, 20% FASTER THAN INTERNET
Crypto has hit 300M users in just 12 years—43% faster than mobile phones and 20% faster than the internet, per BlackRock. Younger generations, inflation fears, and Trump’s pro-crypto stance are fueling the surge. With bitcoin ETFs projected to hit $250B and regulatory wins piling up, crypto’s mainstream takeover is accelerating. Source: BlackRock thru Mario Nawfal on X
US Interest Costs Soar to $1.2 Trillion – Now Exceed Defense Spending
Over the last 12 months, US interest payments hit a record $1.2 trillion, surpassing defense spending ($900 billion) and now ranking as the second-largest government expense after Social Security. With trillions in debt maturing this year, the US government will have to refinance. If rates remain stable, total interest payments could skyrocket to $1.5 trillion by year-end. Even in a scenario where the Fed cuts rates by 100 bps (from 4.5% to 3.5%), interest costs are still projected to reach ~$1.3 trillion by the end of 2025. source : BofA
