Fidelity Investments just dodged a potentially ugly technology standoff. The asset management giant said Friday it has settled a lawsuit with Broadcom over access to software Fidelity described as essential to keeping its systems running. The agreement brings an end to a legal fight that raised concerns about outages, frozen accounts, and trading disruptions across one of the largest financial platforms in the world. The dispute dates back to Broadcom’s 2023 acquisition of VMware, wh...
UBS Group AG (NYSE: UBS) is preparing to open the door to cryptocurrency investing for a slice of its private banking clientele, signaling a notable shift for one of the world’s largest wealth managers as demand for digital assets keeps creeping up the food chain.According to people familiar with the discussions, UBS has been working for months to line up partners for a crypto trading offering that would initially let select private banking clients buy and sell Bitcoin and Ether. The talks...
Movano Health (NASDAQ: MOVE) shares exploded higher after its merger partner Corvex announced a long-term agreement centered on Nvidia’s H200 GPU platform, fueling speculation that the combined company is trying to position itself as a real AI infrastructure player, not just another “AI” ticker with vibes and a press release. Corvex, an AI cloud computing company that plans to merge with Movano in an all-stock transaction, said it has secured a long-term GPU lease tied to a...
God forbid a man have some friends in high places… Changpeng “CZ” Zhao would like everyone to calm down, put the twitter fingers down, and stop turning a boring crypto payment to the most powerful man on the planet (other than George Soros) into more than what it is. (Source: Times of India) Because according to the freshly pardoned Binance founder, the idea that he’s secretly in business with the Trump family is (how did he put it) “misconstrued.”...
President Donald Trump said mineral access is being considered as part of talks involving Greenland, a development that could reduce China’s role in rare earth supply chains. Trump made the comments while speaking at the World Economic Forum in Davos, Switzerland, after meeting with NATO leaders. He said the framework would involve security cooperation and mineral access for the United States and its partners, though he did not provide details on how it would be structured or which coun...
Jamie Dimon’s POV finna be like (courtesy of Trump)... (Source: Reddit Jamie Dimon should’ve stuck to yelling at interns and selling CDs to boomers… because Donnie “Don’t F*ck With Me” just filed a $5 billion lawsuit against JPMorgan Chase and Dimon personally over the whole post–Jan. 6 “debanking” situation. And yes, this is exactly as petty as it sounds. According to the lawsuit, JPM allegedly closed multiple Trump-relat...
Well, sometimes we just can’t have nice things. And nowhere does that feel more true than when Trump Greenland takeover plan went underway. Quick sidebar: he does know Greenland isn’t some lush, farm-friendly alpine paradise, right? About 80% of it is literally an ice sheet. Like… aggressive freezer burn levels of ice. Anyways, what started as an already jittery Tuesday quickly turned into a geopolitical sh*tstorm featuring Europe, Greenland, Japan’s bond...
Trump is punching air (literally)... Dominion Energy just got the green light to restart its $11 billion wind project off Virginia after the Trump administration tried to hit it with a stop-work order over “national security concerns.” And yes, that phrase is doing a lot of work right now. (Source: Giphy) In short, a federal judge basically told the Interior Department that they can’t just yell “National Security” and expect everyone to sip...
Elizabeth Holmes would like a word with Donnie Cellblock… It seems as if Sam Bankman-Fried’s long lost girl cousin… is taking a page out of his playbook. Yes, Elizabeth Holmes, the once-mythical Silicon Valley unicorn whisperer, has officially asked Donald Trump to let her out of federal prison early. Because if there’s one thing that screams wrongfully imprisoned visionary, it’s filing a commutation request after defrauding investors out of nearly a billion...
“What I wouldn’t give for a big… mess of TACOS right now” - the market yesterday morning. Well crisis averted, friends… because it seems Donnie Deals remembered his favorite negotiating strategy (read: TACO - Trump Always Chickens Out)... and the market immediately forgave him for everything. (Source: Giphy) After spending the last few days saber-rattling Europe over Greenland the new announcement on the books is that he’s reac...
Live look at the Dow today… After a week of headline whiplash, the S&P 500 ended Friday basically flat (+0.03%) at 6,915, the Nasdaq crept (+0.28%) to 23,501, and the Dow… well, took it lying down dropping -285 points (-0.58%) to 49,098. Alright, let’s get you back to bed grandpa. Y tho? Good question. The biggest reason the Dow looked like it needed a cigarette today was mainly because Goldman Sachs got smoked nearly 4%. In short, Goldman’s Q4 ea...
President Donald Trump said mineral access is being considered as part of talks involving Greenland, a development that could reduce China’s role in rare earth supply chains. Trump made the comments while speaking at the World Economic Forum in Davos, Switzerland, after meeting with NATO leaders. He said the framework would involve security cooperation and mineral access for the United States and its partners, though he did not provide details on how it would be structured or which coun...
Alexa, play Don’t Stop Believin’... Tesla (+1.5%) caught a bid after Musk told the room at Davos that Europe and China could approve Full Self-Driving next month. Not “eventually.” Not “on the roadmap.” Literally next month. At the World Economic Forum, Musk said Tesla is hoping to get Supervised FSD cleared in Europe by next month, with China on a similar timeline. Translation: Tesla finally gets a real shot at monetizing FSD outside the U.S…. wh...
This is why we can’t have nice things… If you were hoping Jerome Powell was about to walk into next week’s Fed meeting and hand out rate cuts like Costco samples… I regret to inform you: that ship has sailed. In short, November’s PCE just dropped with both headline and core coming in at 2.8%, which was “in line with expectations”... but not enough for J-Poww to do the deed (read: rate cut). (Source: Giphy) Oh, and because...
“Hello darkness, my old friend…” Just when it felt like Intel’s comeback tour was finally gaining traction, the company walked onto the set, tripped over a cable, and knocked over the drum kit. Shares cratered as much as 13-14% after hours, not because earnings were bad… but because the future looked… wobbly. Let’s start with the good news (yes, there is some). Intel actually beat expectations for Q4. Adjusted EPS came in at 15 cents vs....
Jamie Dimon’s POV finna be like (courtesy of Trump)... (Source: Reddit Jamie Dimon should’ve stuck to yelling at interns and selling CDs to boomers… because Donnie “Don’t F*ck With Me” just filed a $5 billion lawsuit against JPMorgan Chase and Dimon personally over the whole post–Jan. 6 “debanking” situation. And yes, this is exactly as petty as it sounds. According to the lawsuit, JPM allegedly closed multiple Trump-relat...
“I’ll just go ahead and take that as good news…” Last time Donald Trump used the phrase “concepts of a plan” to explain how he was going to magically fix America’s healthcare system (spoiler alert: he didn’t), it instantly became an all-time meme. So when he popped up again claiming he now has the “concept of a deal” worked out with NATO… right after announcing (via Truth Social) he wouldn’t throw tariffs on Dutc...
Waymo is adding another U.S. city to its robotaxi network. Alphabet’s self-driving unit announced Thursday that its driverless ride-hailing service is now open to paying riders in Miami. The launch is Waymo’s first new U.S. city in 2026 and brings its total operating markets to six. The service begins with a 60-square-mile coverage area that includes Miami’s Design District, Wynwood, Brickell, and Coral Gables. Waymo said nearly 10,000 residents have already signed up, an...
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