Trump’s July Portfolio: Big Tech Sales and a SpaceX Stake
The financial disclosure landed Tuesday, and it read less like a president’s finances than a trading desk’s daily log. On July 20, Donald Trump sold between $5 million and $25…
Snorkel AI’s Valuation Triples to $3.5 Billion
Alex Ratner spent years telling companies the bottleneck in artificial intelligence was not the model but the data. On September 22, the market put a number on that idea. Snorkel…
Andreessen Horowitz Opens a School for Builders
For two decades, Silicon Valley has told ambitious teenagers that college is optional and the fastest way to the top is to drop out and start building. One of the…
Howard Marks Sees the $5 Trillion AI Boom Keeping Rates High
Howard Marks built Oaktree Capital on a simple idea: the most important fact in any investment is the price of money. For months, Wall Street has been waiting for that…
Britain Presses Google to Open the Door to Rival Search Engines
For more than nine in ten internet searches in Britain, there is only one door. On September 23, the country’s competition regulator took another step toward forcing Google to install…
Micron’s Taoyuan Workers Move Toward a Strike Vote
For months, the people who run some of the world’s most valuable memory-chip plants have watched their company post record margins. On September 23, the union at Micron’s Taoyuan plant…
Burry Adds to His Bet That the Memory Boom Is Over
Michael Burry built his reputation by standing against the last great financial mania. Two decades on, he is standing against a new one: the memory-chip rally that has made Micron…
Oracle Cuts Jobs at the Texas Site It Shows Off as Its AI Future
Abilene, Texas, is where Oracle points when investors ask whether its partnership with OpenAI is real. Last week it was also where Oracle cut jobs. The company’s latest round of…
ASML Sells Nothing in Europe, and It Wants That Fixed
The most valuable company in Europe makes the machines the world’s chip factories cannot do without. In the second quarter, it sold none of them in Europe. ASML’s executive vice…
Apple Tests a Screenless Fitness Band to Take On Whoop
Apple built the device that put a screen on tens of millions of wrists. Now it is weighing whether a growing set of customers would rather have no screen at…
