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JUST IN: OpenAI to sell its frontier models, including GPT-6 Astra, and Codex through Google Cloud, per Reuters
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$GOOGL stock, priced in hot dogs.
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One GOOGL share buys 227 Costco hot dog combos. via @Liquid_Charts
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One Malibu/Axis wake boat costs 793,555 kilowatt-hours. Shared via a revamped social share button.
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. U.S. offshore wind pipeline: Still mostly on paper As of May 31, 2024, the U.S. had 80,523 MW of offshore wind capacity in the development pipeline. Here’s where it stands Operating: 174 MW Under construction: 4,097 MW Financial close: 4,271 MW Approved: 3,378 MW Permitting: 19,793 MW Site control: 22,870 MW Planning: 30,211 MW Only a tiny fraction is actually generating power. The vast majority remains in early-stage planning, site control, or permitting. Source: @csis by Allegra Dawes Emily Harding Julia Dickson Aosheng Pusztaszeri Joseph Majkut csis
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595
Consumer electric costs, by city in major metros
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81
BREAKING: A record 21.2% of new-car buyers now pay $1,000 or more a month, up from 19.1% a year ago, per CNBC 69% of them took loans of six years or longer to make it work.
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951
8,982
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What's crazy is that new cars are actually one of the better performing consumer prices in recent years - meaning it's risen less vs CPI inflation than housing, utilities, many staple groceries, etc.
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It’s so insane to me that this is the new normal. I bought a 1 year old Mercedes in 2021 and my payments were $520 a month. Ppl are paying more than that for regular vehicles
Imo this is the biggest reason the average American is fucked financially. People are okay with paying way too much for overpriced cars. 600/mo is considered a “cheap” payment now
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What's craziest is that new cars are actually LOWER than stated CPI inflation recently. So this increase in costs is actually lagging behind things like rent, homes, many staples, utilities, etc.
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We built a country that looks like this over the last 70 years to force people to buy a product that’s bankrupting them.
BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters. Auto loans are now one of the biggest sources of household debt, bigger than credit cards. And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.
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Strangely, new vehicle prices are actually one of the only consumer expenses that's grown less than CPI inflation over recent years.
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BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters. Auto loans are now one of the biggest sources of household debt, bigger than credit cards. And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.
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3,614
31,627
6,598,353
Strangely, new vehicles are one of the only major consumer categories that haven't kept pace with inflation lately.
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I sold cars for about a year and the things you would see on the financial side were insane.
BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters. Auto loans are now one of the biggest sources of household debt, bigger than credit cards. And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.
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Strangely, new vehicle prices are one of the only major consumer expenses that have grown less than CPI inflation since 2020
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A year's civil engineer salary buys 195 paint materials (PPI units).
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Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨
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Gold is the only non-fiat currency listed here. What else do countries use?
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Michael Burry was right?
Michael Burry just increased his shorts on $MU and $NBIS.
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15
753
134,639
No. Zoom out.
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JUST IN: US import prices rose 1.1% in September, more than expected
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28,933
Is that >12% annualized? Or a YoY figure?
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JUST IN: Rep. Ilhan Omar demands the return of her phone & passport seized during an FBI raid on her Washington, DC home.
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3,075
194,243
Before becoming one of CTs most recognizable traders, Ansem was a software engineer learning how to trade from people sharing their knowledge for free “When I first got into crypto in 2017, I didn't know anything” “I just graduated from Georgia Tech, I was working as a software engineer” “I learned the majority of my trading from crypto Twitter” “People like Cobie, people like Moon, people like Trader Mayne” “All that information people were putting out there for free” “I didn't make a lot of money in 2017 and 2018” “The lessons that I learned from them and from my first cycle is why I was able to do well in 2021 and why I was able to do well in 2023” Ansem traces much of his trading education back to the early days of Crypto Twitter. After graduating from Georgia Tech and working at Capital One, he entered crypto in 2017 with little trading experience. Established traders like Cobie, Moon and Trader Mayne were openly sharing lessons about market cycles, Bitcoin accumulation, portfolio diversification, exchange risk and self-custody. @blknoiz06 spent his first cycle absorbing that knowledge rather than making significant profits. Looking back, he credits those early lessons with helping him navigate the opportunities that followed in 2021 and 2023. The traders who shared their experience without expecting anything in return ended up shaping how he approached the market for years afterward.
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JUST IN: Treasury Secretary Bessent says about Iran: "the noose is tightening around Iran's economy, and not even Iran's so-called allies can save it"
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