Warren Buffett Just Dumped Another $3B in Stocks – Is the Oracle Having Second Thoughts?
Well, well, well. The Oracle of Omaha is at it again, and this time he's making moves that have everyone scratching their heads. Warren Buffett's Berkshire Hathaway just dropped their Q2 earnings, and spoiler alert: they sold another $3 billion worth of stocks. That's right – for the 11th quarter straight, Buffett has been more seller than buyer. At this point, you'd think the guy was running a garage sale instead of one of the world's most watched investment companies.
Here's ...
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Vegas is Having a Rough Summer (And Your Casino Stocks Might Be Too)
So Vegas is having what we might politely call a "challenging summer." Translation: fewer people are showing up, and the casino stocks are starting to sweat harder than a tourist in 115-degree heat.
Here's the deal: Las Vegas tourism dropped 11.3% in June compared to last year, according to the Las Vegas Convention & Visitors Authority. Hotel occupancy fell 6.5%, and suddenly those fancy Strip hotels are offering discounts like they're a Black Friday electronics sale. When Vegas starts cutting prices, ...
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Coinbase Just Face-Planted After Earnings – Time to Scoop Up the Pieces?
So Coinbase (COIN) just had one of those "oops" moments that makes investors either panic-sell or start licking their chops. The crypto exchange darling, which was basically doing victory laps earlier this year with a 177% run from April to July, just ate dirt after their Q2 earnings report.
Here's what happened: Wall Street expected $1.59 billion in revenue, but Coinbase served up $1.5 billion instead. Not exactly catastrophic, but in the land of sky-high expectations, missing by $90 million is ...
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When the Cloud King Stumbles: Why Amazon’s 7% Drop Should Worry Every Investor
So Amazon just face-planted 7% on Friday, and no, it wasn't because someone complained about their delivery driver again. This time, it's all about the cloud—and not the fluffy kind that brings rain.
Here's the deal: Amazon Web Services (AWS), which has been the undisputed heavyweight champion of cloud computing for years, just delivered what Wall Street is calling a "disappointing" quarter. And by disappointing, I mean they only grew 17.5% and beat revenue estimates. Yeah, I know—rough life, right?
But here's ...
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Well, That Escalated Quickly: Trump’s Tariff Deadline Just Gave Markets a Reality Check
Remember when everyone was playing the "Trump Always Chickens Out" (TACO) trade? Yeah, about that...
August 1st was supposed to be Trump's "GREAT DAY FOR AMERICA" (his caps, not mine), but Wall Street is having more of a "meh, could be better" kind of day. After weeks of investors basically betting that Trump would soften his tariff stance like he's done before, reality came knocking with a big ol' executive order and some pretty underwhelming jobs numbers.
Here's what went down: Trump ...
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Trump’s Tariff Surprise Party and Why Amazon Just Got Humbled
Well, well, well. Trump's tariff party officially started at midnight, and surprise! Canada got an extra special invitation with tariffs jumping from 25% to 35%. Apparently, being one of only two countries to actually fight back (along with China) wasn't the smartest diplomatic move. Who knew retaliation would lead to... more retaliation?
The "reciprocal tariffs" hit a bunch of other countries too - Switzerland got slapped with 39% (ouch), while places like Vietnam, Malaysia, and Thailand are dealing with around 20% ...
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El Salvador’s Bitcoin Bet Just Made Everyone Else Look Pretty Dumb
Remember when everyone said El Salvador's president was absolutely nuts for buying Bitcoin with taxpayer money? Yeah, well, those critics are probably feeling a bit awkward right about now.
El Salvador's Bitcoin stash just hit $730 million – that's nearly triple what they paid for it. Not bad for a "reckless gamble," right?
The Numbers Don't Lie (Unlike Some Predictions)
Here's the tea: El Salvador owns about 6,237 Bitcoin, and they bought most of it when the price was around $42,000. With Bitcoin ...
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Meta and Microsoft Just Dropped the Mic on AI Earnings (And Your Portfolio Should Pay Attention)
Remember when everyone was calling AI a bubble? Yeah, about that...
Meta and Microsoft just served up earnings reports that basically said "hold my beer" to all the AI skeptics. These weren't just good numbers – they were the kind of results that make you wonder if you've been thinking too small about this whole AI thing.
Meta's Victory Lap
Let's start with Zuckerberg's crew. Meta just posted numbers that would make a startup founder weep with joy:
- Revenue up 22% (their best growth ...
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