Finance news on X
The hottest finance news on X right now: macro, stocks, earnings, the Fed and monetary policy. Each story appears once, ranked by momentum.
Updated 12:22, 1m ago
Finance
10 items-
1
Bessent Rebuts Warren on Inflation
Treasury Secretary Bessent accuses Senator Warren's Trumpflation tracker of ignoring Biden-era inflation, calling it statistical sleight of hand.
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2
Sanders Blasts Citi Over Taxes
Sanders says paying $1 in federal income tax beats Citigroup, which earned $4B, charged 32.74% card interest and cut 20,000 jobs.
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3
Money as Economic Potential
A reply arguing money isn't paper but a representation of economic potential energy.
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4
US Housing Affordability Hits Record Low
Atlanta Fed data show over $120,000 income needed for a median home, mortgage rates at 7.24%, and sales at a 31-year low.
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5
Millionaires Not Fleeing High-Tax States
Analysis shows high-tax states have the most millionaires, growing since 2010; California's 2012 hike saw only ~138 leave.
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6
GLP-1 Weight-Loss Drug Use Surges
Gallup: 11% of US adults, about 28 million, now take GLP-1 for weight loss, up from 3% in 2024.
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7
UWM Shares Hit Record Low
United Wholesale Mortgage, the largest US mortgage lender, fell to a record low close and is set for a ninth straight red month.
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8
Young Americans Sour on Capitalism
NBC poll finds 47% of voters aged 18-29 view capitalism negatively, while 42% view socialism positively.
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9
Zelensky Blamed for Diesel Inflation
ZeroHedge says Zelensky became the scapegoat for diesel inflation a month before midterms over strikes on Russian refineries.
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10
SPY Volume Hits Lowest Since 2004
SPY traded 22.6 million shares Friday, the lowest full-day volume since 2004.
This week's top stories
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Lawmakers Slam Trump Russia Sanctions Relief
Rep. Don Beyer criticizes Trump as untrustworthy for lifting sanctions on Russian fossil fuels, calling expanded tariff powers a mistake.
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Questioning a $10B Valuation
Gaurav Vohra questions whether a certain company is worth $10B, attaching only an image.
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US lifts Russia diesel sanctions
Watcher.Guru says the US officially lifted sanctions on Russian diesel imports until April 2027.
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Canada loses 68,000 jobs
Canada lost 68,000 jobs in September, 110,000 over two months, as unemployment rose to 6.5%.
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Dell Donates $6.25B to Kids Accounts
Michael Dell says 25 million US children will each receive $250, totaling $6.25 billion, invested to compound for decades.
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Fake India market crash news
False claims of an Indian market crash spread via all-red heatmaps on X, though Indian markets weren't even open at the time.
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SpaceX Starlink Mobile Push
AT&T, Verizon and T-Mobile shares keep plunging after SpaceX announced plans to turn Starlink into a major U.S. mobile carrier.
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OpenAI Annualized Revenue Misses Estimates
The Nasdaq 100 fell 1.5% as oil rose and OpenAI's annualized revenue came in $20 billion below expectations.
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FT: OpenAI Revenue Falls Short
FT says OpenAI told investors annualized revenue neared $50B at end of September, far short of the reported $70B.
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Major US Bank Stocks Retreat Sharply
Major US bank stocks corrected sharply, with Goldman down 24% and Capital One 25%, KBW bank index off 14% from August peak.
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Tariffs drive up goods inflation
Per NY Fed cited by CNBC, inflation on many everyday items was entirely due to tariffs.
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US Halts Tech Firms' Immigration Programs
Zerohedge reports the US is suspending an immigration program for multiple tech firms.
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Brent Crude Tops $105 on Iran Tensions
Brent crude rises above $105/barrel on reports Trump is considering resuming 'major combat operations' in Iran.
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Trump demands Fed cut rates
Trump demands the Fed immediately cut US rates to the world's lowest, 0.5% or lower, saying America should pay the lowest rate.
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Bessent Blasts Democrats on Fiscal Policy
Treasury Secretary Bessent says Democrats opened the border, blew out the deficit and inflation, and will do it again.
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Ripple Emerges as Rival to Wall Street Banks
Watcher.Guru cites WSJ saying Ripple is emerging as a major competitor to Wall Street banks.
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Gates Would Be Worth $1.33T
Compounding Quality says Bill Gates' $138B fortune would be $1.33T had he not diversified and sold Microsoft shares
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Trump: Hormuz Oil Flows Hit Record
Trump says more oil passed through the Strait of Hormuz in the last 3 nights than ever before.
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Trump Accounts launched
White House says Trump Accounts give every next-generation American an investment account; 38% previously owned no stock.
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Broadcom Seeks $50B for OpenAI Chips
Kobeissi says Broadcom seeks over $50B for OpenAI's chip, with Apollo and Blackstone among lenders.
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China buys gold for 23rd month
China bought 740,000 ounces of gold worth $3.1B, its 23rd straight month of accumulation, totaling 4.67M ounces.
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Corporate profits up, tax revenue down
Steve Rattner says corporate profits hit all-time highs while tax receipts fell to their lowest since 2021 after Trump's tax cuts.
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Kenya Raises Funds for Ebola Prevention
Kenya expects over Sh75bn for Ebola response: Sh51.8bn from World Bank, Sh21bn from US, Sh2.6bn from Treasury.
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Dalio Says AI Bubble May Burst
Billionaire Ray Dalio says the AI bubble may burst soon.
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August Trade Deficit Exceeds Biden Average
Rattner says August trade deficit was $36B above the Biden average, calling Trump tariffs a failure.
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Walsh and Ackman Criticize Social Security
Matt Walsh calls Social Security morally abhorrent and economically insane, taking from young workers to fund wealthier retirees.
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SpaceX to Borrow $40B for Nvidia Chips
Per Bloomberg, SpaceX is in talks to raise $40B of debt to buy Nvidia chips, seeking ~$10B in bank loans and $30B in investment-grade debt.
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Musk net worth tops $1.1 trillion
Elon Musk's net worth has officially surpassed $1.1 trillion.
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SpaceX market cap tops $2.38 trillion
Watcher.Guru says Elon Musk's SpaceX (SPCX) surged to $175, surpassing a $2.38 trillion market cap.
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Mélenchon accuses central banker of treason
French politician Mélenchon accuses the French central bank chief, a former Macron aide, of treason for implicitly urging speculators to punish France.