Month: July 2026

Canada buys record US Treasuries while PM pushes to cut US trade reliance

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PM of Canada Mark Carney: "Our objective is to double our non-U.S. exports this decade." 'We need to build new trade relationships in order to move from reliance to resilience." "We are diversifying our trade and attracting massive new investment… We are forging new… https://t.co/Wt5ntznwBr — Shazi (@ShaziGoalie) July 15, 2026 So much for lessening … Read more

Scamath regrets pumping old SPACs then immediately pumps new one on same channel

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Scamath Palihapitiya says he regrets pumping his SPAC on CNBC in 2021 and cashing out… then proceeds to pump his new SPAC You can't make this shit up… Virgin Galactic $SPCE is down 99.8% from 2021 https://t.co/aDrygZ5KVS pic.twitter.com/9scntxxaLS — Financelot (@FinanceLancelot) July 15, 2026 Those CNBC segments were paid media to promote and dump after … Read more

NYC Airbnb ban pushes bookings to New Jersey while rents and hotels stay sky high

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https://datastream.substack.com/p/what-did-banning-airbnbs-in-nyc-accomplish Ban from 2023 dropped NYC listings from almost 13k to around 1.6k today. Promised to return apartments to long term rental market and ease rents. Three years later rents in NYC up 11%. Hotels most expensive on record. Analysis finds ban gave back only months of normal housing construction supply. Event study shows no … Read more

Good, more lawsuits. F**k these tech companies.

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Former Meta employees launch lawsuit, accuse company of using AI to identify and recommended lay-offs A peculiar new problem facing workers has emerged, as dozens of current and former Meta employees launch a landmark lawsuit against the Mark Zuckerberg-owned tech behemoth. For years, the primary issue surrounding artificial intelligence was the eventual replacement of workers. … Read more

Fund managers dump cash into US stocks and crowded semis while gold takes biggest hit in decade

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Cash at 3.6% near 13 year lows after dropping another half point shows institutions fully committed with almost no dry powder left for dips. Institutional investors are rushing into US stocks: Global managers’ cash allocation has declined -0.5 percentage points month-over-month, to 3.6%, near the lowest in 13 years, according to a BofA survey of … Read more