Earnings are great; Free cash flow? Not so much"
Source: BofA, zerohedge
The AI winners of 2026 won’t use every app, they’ll build the right stack.
Source: www.aiforleaders.com Adam Danyal
This visualization ranks 24 countries by the share of adults who have traveled outside their home country.
Overall, international travel is substantially more common in high-income economies, although geography and access to nearby countries also shape the results. Source: Economic Planning Council
Amazon $AMZN just announced plans to grow its Louisiana data center investment from $12B to $18 billion with a third data center campus.
Source: Evan
Nasdaq is introducing a new trading session from 9pm to 4am ET starting December 6, 2026.
The stock market will soon trade 23 hours a day, 5 days a week. Source: Trend Spider
In case you missed it... Ferrari’s first fully electric car was sold for a record $40mn, making it the most expensive new car ever auctioned despite a backlash over its design.
First unveiled in May, the Luce was sold by Sotheby’s to an unnamed buyer at Monterey Car Week, an annual event in California where rare classic cars and luxury vehicles are showcased, according to the auction house. The auctioned vehicle was a one-off, produced by Ferrari for its charitable arm. The Luce is designed by former Apple designer Sir Jony Ive, and a standard model is priced from €550,000. The Luce’s auction price, which far exceeded presale estimates of $1.1mn, sets a record for a new car, surpassing the $26mn paid for a one-off Ferrari Daytona SP3 at last year’s Monterey event. Ferrari’s first EV remains short of the record for any car sold at auction, which was set instead by a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé that sold for €135mn in 2022. The Italian luxury carmaker said the sale was an “outstanding result” and that all proceeds would benefit its foundation’s educational programmes. Ferrari polarised fans and investors with the EV launch in May, with critics arguing that its five-seat, battery-powered design marked too sharp a departure from the luxury car maker’s traditional styling and eroded the marque’s identity. Ferrari’s shares have since fully recovered but they fell more than 8 per cent on the day after the Luce was unveiled. Source: FT
All the AI revenue is fake. Really?
Source: Lance Roberts The Daily Shot
A very interesting chart by Danny Younis.
EveryWatch’s comprehensive “H1 2026 - Secondary Market Report” uses real sales data with over 795,000 watches actually sold in the 1H of 2026 by 650 dealers and 472 auction house worldwide. It is not guesswork, or estimates, or forecasts used by some shonky “analysts” and “consultants.” 1H 2026 (January-June 2026) (USD): • Secondary-market sales value surged +37% to $10.5B • Top 3 brands generated 65% of market share (FY25: 57%), and Top 10 83% (FY25: 75%) • Rolex easily remained the market’s king → Generating $4.3B in sales, a surge of +44% on last year → This represents 41% market share, significantly up on 2025’s 34%, with over 227,000 watches sold → That is 3x is nearest rival! Source: Danny Younis
