Markets
Inflation at 3.8%, a Summit in Beijing, and a Ceasefire on Life Support
US inflation hits a three-year high. Trump holds Taiwan arms sales as a bargaining chip. And the Hormuz question got more complicated before it got simpler.
5 min read
Recent
Deals
Cerebras Doubles on Debut: The AI Chip IPO That Nobody Saw Coming
$5.5 billion raised. Shares up 68% on the first day. A company now worth $70 billion.
3 min read
Markets
Peace Talks, $1 Trillion Chips, and a Yen That Won't Stay Up
Oil swung 15% in a single session. Samsung hit $1 trillion. Japan intervened in currency markets, again.
9 min read
Deals
Anthropic Is About to Become a Trillion-Dollar Company
Revenue at $45 billion and climbing. A $50 billion raise is in the works. And a valuation that would put it ahead of OpenAI for the first time.
2 min read
Spotlight
The $725 Billion Prisoner's Dilemma
Big Tech's free cash flow is falling to a decade low. Debt is being issued at a record pace. Buybacks have been paused. What this means in the capital cycle.
6 min read
Deals
Musk Leases Colossus to Anthropic And That Tells You Everything About Where AI Infrastructure Is Headed
Rivals in the model race. Partners in the compute market. The lines in frontier AI are blurring fast.
2 min read
Memos
Anthropic Investment Memo
Anthropic: the rising alternative to OpenAI
1 min read
Markets
Oil at $125, Powell's Swan Song, and the AI Trade Under Pressure
The Fed held rates in a dramatic split vote. Oil surged past $125 on Hormuz fears. Big Tech delivered, but not all of it was rewarded. Here is what this week is telling us.
9 min read
Memos
Tesla Investment Memo
A contrarian view to Tesla
1 min read
More from Markets
See all →
Markets
A Market Rally, Oil Below $92, and the Biggest IPO in History Around the Corner
Wall Street's longest winning streak since 2023. Oil at a six-week low on ceasefire hopes. And the largest IPO in history is set to land in two weeks.
7 min read
Markets
Inflation at 3.8%, a Summit in Beijing, and a Ceasefire on Life Support
More from Deals
See all →Deals
Cerebras Doubles on Debut: The AI Chip IPO That Nobody Saw Coming
$5.5 billion raised. Shares up 68% on the first day. A company now worth $70 billion.
3 min read
Deals
Anthropic Is About to Become a Trillion-Dollar Company
Revenue at $45 billion and climbing. A $50 billion raise is in the works. And a valuation that would put it ahead of OpenAI for the first time.
More from Spotlight
See all →Spotlight
The $725 Billion Prisoner's Dilemma
Big Tech's free cash flow is falling to a decade low. Debt is being issued at a record pace. Buybacks have been paused. What this means in the capital cycle.
6 min read
Spotlight
America's Best Month Since 2020: What the Rally Is Really Telling You
The S&P 500 is up 10% in April. The Nasdaq is up 15%. Oil is above $125. Consumer spending is slowing. And tech is carrying the entire thing. This is not your typical bull market.
