Block Just Fired 40% of Its Workforce and Wall Street Cheered
Jack Dorsey just fired 4,000 people — roughly 40% of Block's entire workforce — and investors responded by sending the stock up 24% after hours. Welcome to the AI economy, where mass layoffs are a buy signal. This wasn't a restructuring born from financial desperation. Block's business wasn't struggling. Dorsey's explanation was chillingly simple: "Intelligence tools have changed what it means to build and run a company." He said that within a year, most CEOs would arrive at the same conclusion ...
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Oil Tanker Rates Just Went 5X as the Strait of Hormuz Shuts Down
The world's most important oil chokepoint just went dark — and the numbers are staggering. Charter rates for the massive supertankers that haul the planet's crude have surged fivefold since January and nearly doubled in just the last few days as the Strait of Hormuz grinds to a halt. Iran has declared the narrow maritime passageway closed and vowed to attack any ship attempting to navigate through it, trapping thousands of oil tankers and container ships. The U.S.-Israeli military campaign against ...
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Greg Abel Just Made a $15 Million Bet on Berkshire’s Future
For the first time in nearly two years, Berkshire Hathaway is buying back its own stock. And its new CEO just put his entire salary where his mouth is. Greg Abel, who took the reins from Warren Buffett at the start of January, announced Thursday that the conglomerate has "recommenced" share repurchases — and that he personally bought $15 million in Berkshire stock, an amount equal to his entire after-tax annual salary. He told CNBC he plans to do this every ...
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The Stock Market’s Biggest Plot Twist: Why Your Software Stocks Are Tanking While Boring Old Factories Are Printing Money
Here's the thing nobody wants to admit: the stock market isn't flat. It's having an identity crisis, and it's absolutely brutal for anyone who bought the "software will eat the world" narrative. On the surface, the S&P 500 looks like it's napping. But underneath? There's a full-blown civil war happening. On one side, software companies like Salesforce, Adobe, and Figma are getting absolutely demolished—down 30% or more in just two months. On the other side, companies that make cooling systems and ...
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Why Value Investors Are Having Their Moment (And Why You Should Care)
Remember when everyone was obsessed with growth stocks and AI? Yeah, that party's winding down. Bill Smead—the guy who runs a value fund that's crushed 97% of its competition over 15 years—is basically saying "I told you so" right now, and honestly, he's earned it. Here's the deal: after years of watching tech stocks moon while value plays gathered dust, the rotation is finally happening. Energy, industrials, and small-cap stocks are having their comeback tour, and it's because investors are slowly ...
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The AI Panic Is Creating a Once-in-a-Decade Buying Opportunity
Software stocks are getting slaughtered — and some of the smartest money on Wall Street thinks the selloff has gone way too far. The numbers are ugly. Salesforce is down 33% in 2026. Shopify still trades at 80 times trailing earnings despite getting hammered. ServiceNow's P/E ratio is north of 100. The entire iShares Expanded Tech-Software ETF has cratered nearly 19% this year. The fear? That AI tools have gotten so good they can replace the software products these companies sell. It's ...
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Broadcom Just Dropped a $100 Billion AI Bombshell on Wall Street
Broadcom just reminded everyone why the AI infrastructure buildout is the real deal — and it's only accelerating. The chip giant reported fiscal Q1 earnings Wednesday night that crushed estimates across the board. Revenue hit $19.3 billion, up 29% year-over-year. AI revenue alone? A staggering $8.4 billion — more than double what it pulled in during the same quarter last year. That 106% jump wasn't a surprise to CEO Hock Tan, who had projected the doubling back in December. He delivered. But ...
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The HALO Trade: Why Physical Stocks Are Crushing Software in 2026
The S&P 500 looks flat. The Nasdaq looks flat. If you glanced at the headlines, you'd think nothing was happening in the market. You'd be dead wrong. Beneath that sleepy surface, one of the most violent sector rotations in recent memory is ripping through portfolios. On one side: carnage. Atlassian, HubSpot, Intuit, AppLovin, Workday, Reddit, Salesforce, Adobe, ServiceNow, The Trade Desk — every single one is down more than 30% in 2026. We're barely into March. That's not a dip. That's a ...
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