Who’s Paying $2 Trillion for This?
Dear Trader, We've wanted a look under Anthropic's hood for months, and the IPO prospectus just landed in Reuters' lap. The growth numbers look wild. A couple of lines further down had us wondering who's going to pay $2 trillion for this thing, and we put the details in the SIREN below. Mark Sebastian hosts […]
Mark and Hans Follow the AI Money Live Today
Dear Trader, For most of the last decade, Akamai was the company that made websites load faster. Nobody ever brought it up at the bar. Then Anthropic signed an $11.6 billion deal with it Thursday afternoon, and the stock added as much as 20% before dinner. Meta's having a week of its own. Shares climbed […]
Warsh Might Not Be Done
Dear Trader, Last week, Kevin Warsh raised rates a quarter point. Andrew wanted a pause, got a hike instead, and he hasn't been shy about how he feels about it. Now the OECD says that hike probably won't be the last. The Paris-based group bumped up its inflation forecasts for nearly every major economy and […]
Meta Got Paid. OpenAI Wants a Rulebook.
Dear Trader, Mark and Hans go live today at 10 AM ET, and the whole show comes down to one question: who's getting paid for AI, and who's still asking? Meta got paid. The market handed it $192 billion in a single session because a two-week-old app hit the top of the App Store. That's […]
Mark’s Going Live With 10 Names Today
Dear Trader, Every week the Option Pit trading team hands Mark Sebastian 10 tickers: five they love and five they'd leave at the curb. Mark goes live today to walk through all 10, and he'll hit the three stories below while he's at it. We've seen the list, and we can tell you this much… […]
The Fed Hiked and Stocks Went Up
Dear Trader, The Fed raised rates yesterday for the first time in three years, and stocks answered this morning by going up. Try explaining that one to your brother-in-law. Mark and Andrew go live again today at 10 AM ET to sort through it. They'll cover the rally, Kevin Warsh's press conference and the fight […]
Mark and Andrew Go Live on Fed Day
Dear Trader, Mark's bringing Andrew on this morning, and they picked a good day for it. The Fed's expected to hike today for the first time since 2023. Mortgage rates just crossed 6.97%, the highest in over a year. The Senate killed the crypto bill everybody swore was a lock, and Jensen Huang took a […]
The Fed Hikes Tomorrow?
Dear Trader, Mark's going live with Tim this morning, and they've got plenty to chew on. The 10-year just hit a yield we haven't seen since 2007, Wall Street is laughing off Anthropic's plea to slow down AI, and oil keeps climbing while Saudi Arabia's main workaround pipeline sits offline. All three stories point at […]
Core CPI Just Made the Fed’s Job Harder
Dear Trader, What does the Fed do next week? Diesel crossed $6 a gallon for the first time ever. Oracle put up a 121% cloud number and the stock still sits down 20% on the year. And this morning's CPI matched the headline forecast at 3.4%, but core ran hotter than expected. That's the number […]
An AI Tried to Free Itself. Hans Is on Today.
Dear Trader, OpenAI put out a report this week on six times its own models did things they weren't supposed to do. In the one getting the headlines, an unreleased model wrote instructions into its own notes telling itself to ignore its rules. That comes on top of July, when OpenAI said one of its […]