Wondering why memory chips stocks are exploding? A quarter of the BOM (Bill of Materials) of the hyperscalers is going to memory, up from 7%.
Good thing hyperscalers are printing cash... Source: zerohedge
Only 60 million people on earth (1.6% of adults) have a net worth over $1 million.
Those 60M people hold 48% of all global wealth. The bottom 1.55 billion hold 0.6%. Source: UBS Global Wealth Report 2025 Frank Chaparro @fintechfrank
The entry point for this top-eight list moved from $30B in 2011 to $188B in 2026
Source: InvestyWise by Groww
The UBS Millionaire Index, ranked by estimated share of the population holding at least $1M in wealth:
• Switzerland: 12.4% • Hong Kong: 8.6% • United States: 7.1% • Netherlands: 7.0% • Singapore: 5.5% • United Kingdom: 3.9% • Germany: 3.2% • Japan: 2.2% • China: 0.4% • India: 0.06% In Switzerland, roughly 1 in 8 people is a US dollar millionaire. Source: Thierry from arvy 🇨🇭
The IRS just agreed to never audit Trump again.
A one-page addition quietly attached to yesterday's $1.8 billion settlement permanently bars the IRS from examining Trump's tax returns, his family, and his companies. The original settlement said nothing about taxes. This showed up the next day. Former IRS commissioner Danny Werfel said he was "unaware of a single precedent where the IRS has agreed in advance to permanently forgo examination of previously filed tax returns for a specific person or business." The settlement was sold as accountability. The extra page is a lifetime audit exemption for the president. Source: POLITICO, FT
Trump's stock portfolio:
Source: Stocks World
PRESIDENT TRUMP'S Q1 STOCK DISCLOSURE COVERS 3,800+ TRANSACTIONS. THE LARGEST: $5M-$25M SALES EACH OF META, AMAZON, AND MICROSOFT ON 2/10.
The OGE 278-T was filed May 8 and certified by the Office of Government Ethics on May 13. This is Trump's personal portfolio: $AVGO Broadcom $DELL Dell $TXN Texas Instruments $DVA DaVita $JBL Jabil $KLAC KLA $COMT GSCI Commodity ETF $FFIV F5 $GOOGL Alphabet $ETN Eaton $NVDA NVIDIA $XLK Technology Select Sector ETF $TT Trane Technologies $COST Costco $IEMG MSCI Emerging Markets ETF $IEX IDEX $AMZN Amazon $XLI Industrial Select Sector SPDR ETF $CDNS Cadence Design Systems $AAPL Apple $VOO Vanguard S&P 500 ETF $VTI Vanguard Total Stock Market ETF $WST West Pharmaceutical $IWB Russell 1000 ETF $XEL Xcel Energy $EFA MSCI EAFE ETF $SNPS Synopsys $RSP S&P 500 Equal Weight ETF $BA Boeing $MSI Motorola $NWSA News Corp $MSTR Microstrategy $ORCL Oracle $WM Waste Management $GOVT U.S. Treasury Bond ETF $ICE Intercontinental Exchange $MARA MARA $NFLX Netflix $UBER Uber $KRMN Karman Space $HD Home Depot $TDG TransDigm $MSFT Microsoft $CVNA Carvana $COIN Coinbase $AXON Axon $ADBE Adobe $CRM Salesforce $NOW ServiceNow $WDAY Workday Source: Lin
