Members only

Markets Featured

Turkey's Stock Market Lost $128 Billion. The Man Who Ran It Is in Jail.

A $19 billion fund freeze, 455,758 trapped investors, the Borsa Istanbul chief jailed for bribery, and MSCI weighing demotion: inside the scandal stress-testing Turkey's entire capital market.

Members only

Markets Featured

Disney's New CEO Wants 20% Back. Thousands of Jobs Are the Down Payment.

Seven months into Josh D'Amaro's tenure, Disney is preparing thousands of layoffs and asking managers for 20% cost cuts — while the stock sits near a 52-week high and a double-digit EPS promise comes due November 17.

Paid-members only

Markets Featured

$SMCI Just Printed a $19.9 Billion Quarter and the Market Shrugged: The 44% Customer, the 12% Margin, and What Six Times Earnings Is Pricing

Supermicro grew revenue 298% and raised its full-year guide, yet trades at six times forward earnings. One customer was 44% of the quarter, gross margin fell to 12.7%, and operations burned cash. The concentration math, the balance sheet, and scenario zones from $31.

Markets Featured

Seven Flips and a Veto Pen: What the Midterm Wipeout Means for Markets

Democrats flipped seven Senate seats and took the House. Markets sold the shock overnight, then bought the gridlock. What actually changes for policy and positioning — and what doesn't.

Members only

Space Economy Featured

Amazon's Space Internet Is Ready. The Rockets Aren't.

On November 13, ULA's grounded Vulcan rocket flies again — carrying 40 satellites for Amazon's answer to Starlink. What the launch means for AMZN, BA, LMT, and NOC.

Members only

Energy Featured

Why Data Centers Are Buying Old Jet Engines

Gas turbines are sold out to 2032 and prices are up 50% in a year — so data centers are bolting retired jet engines to concrete. Inside the first quarter where the scarcity trade blinked.

Paid-members only

Markets Featured

$INO: A 268% Pop, a Going-Concern Warning, and 91 Million Warrants Nobody Counted

The FDA approved Inovio's VOCERYQ and the stock nearly quadrupled overnight. The approval is real. So are the going-concern warning and 91 million warrants struck between $1.10 and $3.76. The dilution math, the November 4 Precigen read-through, and scenario zones for the week.

Finance Featured

The Biggest Heist in History Took 20 Minutes

North Korea drained $6.3 billion from Binance across ten blockchains — most of it in about 20 minutes. How the attack worked, why the stablecoin freeze race clawed back $2.7 billion, and what the record heist reveals about where power actually sits in crypto.

Healthcare Featured

Washington Started Paying for Weight-Loss Drugs. Your Boss Started Canceling the Coverage.

On July 1, Medicare began covering Wegovy and Zepbound for a $50 copay. The same autumn, large employers cut GLP-1 coverage for the first time in three years. The same drug now costs $50 or $300 depending on which card you carry.

Paid-members only

Defence Featured

America Can't Forge Its Own Artillery Shells

A $469 million plant was supposed to deliver two-thirds of US 155mm shell capacity. As of March, it has produced zero compliant rounds. The Pentagon's own watchdog explains why — and which defense primes carry the risk.

Paid-members only

Markets Featured

Top 10 Stocks We're Watching This Week — Election Week Edition

Apple and Palantir report Monday, the midterms land Tuesday, AMD and Arista print Tuesday night, Uber and Qualcomm Wednesday, Devon Thursday, and nonfarm payrolls Friday. Ten fresh names for election week.

Paid-members only

Markets Featured

Americans Spent $158 Billion on Their Pets. The Companies That Sell Them Everything Are Trading Like a Recession

Americans Spent $158 Billion on Their Pets. The Companies That Sell Them Everything Are Trading Like a Recession The marketing deck says pets are family. Industry executives repeat it on earnings calls as if it were a law of physics. Hallmark built a greeting-card category around it. The 2024

Members only

Geopolitics Featured

The U.S.–China Port-Fee War Restarts in Nine Days. The Paperwork to Stop It Isn't Finished.

The Section 301 port-fee truce expires November 9 at 11:59 p.m. Washington has agreed to extend it — but has only published a request for comments. Who pays if it snaps back, and what the market has already decided.

Members only

Macro Featured

Japan Finally Got the Inflation It Wanted. Now Comes the Bill.

After nearly 14 years, the Bank of Japan says its 2% inflation target is reached. With the 10-year JGB at 1996 levels, the yen at 157, and a December hike on the table, the world's cheapest money is going away.

Macro Featured

You Think You Spend $86 a Month on Subscriptions. The Real Number Is $219.

Americans estimate they spend about $86 a month on subscriptions. Survey data puts the real figure at $219. The gap between the two isn't carelessness — it's the business model.

Members only

Markets Featured

Indonesia Is Eight Months From Being Deleted

MSCI has proposed expelling Southeast Asia's largest economy from its Emerging Markets index — the benchmark for $10 trillion. The verdict lands by June 2027, and the forced-selling math starts now.

Paid-members only

Markets Featured

The Man Who Chaired Wendy's for 17 Years Just Bid $7.35 for What's Left

Nelson Peltz spent two decades shaping Wendy's — activist, acquirer, chairman. Now his Trian consortium is bidding $1.4 billion to take it private, below the price his own fund called 'undervalued' in February. The spread, the committee, and the November 5 catalyst.

Members only

Geopolitics Featured

The War's First Working Ceasefire Is One City Wide

Russia and Ukraine's first ceasefire that has actually held covers one starving town of 2,000 people. The market's non-reaction is the real story — and November's talks calendar prices the next move.

Finance Featured

America Just Finished the Rulebook for Digital Dollars. The Clock Reads 80 Days.

The OCC just finalized the first federal rulebook for stablecoins under the GENIUS Act. What changes on January 18, 2027, the yield question it left deliberately vague, and why the regulator quietly cut its own $2 trillion forecast.

Paid-members only

Energy Featured

Uranium Has Never Cost More. The Miners Are in a Bear Market Anyway.

The long-term uranium price just set an all-time record at $96.50 a pound. Uranium stocks are down 20-60% anyway, and the Sprott trust trades 12% below the value of its own metal. Cameco reports tomorrow - one side of this trade is wrong.

Paid-members only

Markets Featured

$SNDK: 85% Margins, a 376% Revenue Jump, and a Stock That Keeps Falling. The Cycle Math Explains Both

Sandisk printed $11 billion in revenue and an 85% gross margin, then fell 5% and kept falling premarket. The forward earnings math, the November 19 split, and scenario zones for the supercycle, plateau, and cycle-roll cases.

Markets Featured

Can Washington Tell 42 Million Americans What Not to Eat?

On November 1, four more states switch off soda and candy purchases on EBT cards — a live experiment on the $100 billion SNAP program, and new NBER research shows exactly who wins and who pays.

Paid-members only

Markets Featured

$IOVA: The Company Said “Positive Data.” The Stock Dropped 25%. Both Are Right

Iovance's lung cancer TIL data showed a 59% response rate in a biomarker subgroup and 11% outside it, and the stock gave back a quarter of its value premarket. The subgroup math, the real balance sheet, what November 5 has to show, and scenario zones for the week ahead.

Members only

Finance Featured

Who Owns Your Doctor?

More than 80% of American physicians now work for a hospital, insurer, or investor-owned group. A new federal bill would force the buyers out — here is the ticker-by-ticker exposure map.

Paid-members only

Investing Featured

The Transcontinental Railroad Is Trading at 87 Cents on the Dollar

Union Pacific's $85 billion bid for Norfolk Southern faces its decisive window: all opposition lands at the STB by November 18, BNSF has declared war, and the arb spread says the market has real doubts. Here's the scenario math.