Podcasts about buybacks

Warsh talks tough, buybacks double, a military option surfaces, gold falls $140, and boat prices collapse 50%.This episode is sponsored by Ground News. Go to http://groundnews.com/schiff to get 40% off the unlimited access Vantage plan and unlock world-wide perspectives on the stories shaping our world.This episode is also sponsored by Rockwell Automation. Download their 11th Annual State of Smart Manufacturing Report at https://rok.auto/sosmThe Treasury doubled its bond buybacks this week. Then the talk turned to a military option for yields.Fed Chairman Kevin Warsh spent his most anticipated speech of the year talking tough about inflation, and Peter Schiff explains why none of it matters. Warsh accepted responsibility for 65 straight months above the 2% target, then never once mentioned the $40 trillion national debt or the Treasury intervention running underneath him. Money supply is expanding at roughly 6% annualized since he took the job. He is talking about putting out the fire while pouring the gasoline.Underneath the speech, the policy escalated. Treasury buybacks already doubled from $2 billion to $4 billion, with roughly a trillion in the general fund available to extend them, shortening the average maturity of the debt and leaving the government more exposed to the rate hikes markets are now pricing. And in a Fox News interview on that same intervention, a military option for lowering bond yields was raised.Peter also covers the week's real data: gold down $140, silver reversing from nearly $71, a Chicago PMI collapse to 47.1 that was the biggest downside miss in eleven years, and a boat market where prices have fallen 50% and lenders are taking the keys, a Fed-made boom and bust he argues housing is about to repeat.Chapters:00:00 Inflation Firestorm00:37 Boatcast Setup01:02 Warsh Speech Breakdown04:12 Debt And Twist Ignored08:10 Forward Guidance Critique11:19 Dual Mandate Tradeoffs12:46 Money Supply Matters13:56 Hawkish Talk And Markets18:50 Trump Military Option20:01 Canada Tariffs Fallout27:53 Market Wrap Gold Bitcoin31:46 Strategy Dilution Spiral32:42 Dollar Yen Bonds Warning34:11 Manufacturing Digital Shift39:03 Boating Bubble Bust45:28 Boat Costs Force Selling48:13 West Marine Bankruptcy53:02 Buyer Market Repos Risk56:30 Boat Ownership Reality57:09 Closing Politics PlugFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#BondMarket #FederalReserveOur Sponsors:* Check out Blinds.com and use my code GOLD for a great deal: https://www.blinds.com* Check out Chilipad and use my code GOLD for $255 off: https://sleep.me* Check out Factor and use my code gold50off for a great deal: https://www.factor75.com* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai* Check out Quince and use my code quince.com/GOLD for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

This episode of On Investing looks at a market environment increasingly shaped by persistent inflation, rising long-term Treasury yields, fiscal concerns, and renewed trade tensions. Liz Ann Sonders and Collin Martin begin by discussing the latest inflation data, which continues to show price pressures well above the Federal Reserve's 2% target. While wage growth is not driving inflation, they highlight several other forces keeping inflation elevated, including energy prices, tariffs, and the massive investment required to support the AI boom. The conversation then turns to Treasury Secretary Scott Bessent's efforts to influence long-term interest rates after yields surged. Collin argues that Bessent's actions are understandable given concerns about mortgage rates and borrowing costs, but he views them as a short-term response to a much deeper issue: the nation's growing debt burden and ongoing fiscal deficits. Both hosts suggest that attempts to manage yields address the symptoms rather than the underlying causes. They also explore the potential tension this creates with the Federal Reserve, which may prefer tighter financial conditions to combat inflation. The episode closes with a look ahead to the Fed's Jackson Hole conference, upcoming labor market reports, purchasing manager surveys, and other economic data that could shape expectations for both growth and Fed policy. You can read the report Liz Ann mentions here: "Great Moderation Era: Drift(ing) Away." On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Investing in alternative investments is speculative, not suitable for all clients, and generally intended for experienced and sophisticated investors who are willing and able to bear the high economic risks of the investment. Investors should obtain and carefully read the related prospectus or offering memorandum, which will contain the information needed to help evaluate the potential investment and provide important disclosures regarding risks, fees and expenses. Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see Schwab.com/IndexDefinitions Negative correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. (0826-1AXY) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jon Turek is the founder and CEO of JST Advisors, a hedge fund advisory service that publishes a weekly research note with global macro trade ideas. JST Advisors works closely with hedge funds on developing asymmetric macro trade ideas and market themes. Outside of JST Advisors, Jon worked as a portfolio manager at Brevan Howard and as an analyst at Moore Capital. In this podcast, we discuss: The Substack Divide of Equities vs. Macro The Buy-Side Paradox of PM Asymmetry and Pod Reality The "Owl" Fed and Political Optimisation over Conviction The Trillion-Dollar AI Fiscal Program The Death of the 2010s Savings Glut Treasury Buybacks and "Whack-A-Mole" Markets Europe's Impending China Tariff Shock The Simmering Geopolitical In-Between for Oil 

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Why Bitcoin suddenly surged more than 20% after months of silence The U.S. Treasury doubled its bond buybacks - what that means, explained simply Bessent swore he'd never do what Yellen did. Then he did it twice as big The legend who taught Bessent everything just publicly questioned him in a WSJ Op-Ed ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Order my approachable introduction to Bitcoin book "Bitcoin is for Everyone: https://www.amazon.com/dp/1804091138?linkCode=ssc&tag=onamzameri07b-20&creativeASIN=1804091138&asc_item-id=amzn1.ideas.3Q6CKLCXBKGSV&ref_=aip_sf_list_spv_ons_mixed_d_asin  Limited signed copies are available for purchase at shop.talkingbitcoin.com powered by Speed Wallet.  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com ---- Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

War Room Reckoning Coming! Bessent Teases $1 Trillion To Fund Bond Buybacks, Former NBA Star Booted From WNBA Game For Wearing Shirt Featuring Dictionary Definition Of “Woman,” PLUS, FBI Arrests Man Who Threatened to Storm White House and Assassinate Trump & More

The U.S. Treasury is doubling the size of certain long-term debt buybacks after a sharp rise in Treasury yields. The move brought some immediate relief to the bond market, but will it actually help bring mortgage rates down? Kathy Fettke explains what Treasury buybacks are, why bond yields matter for mortgage rates, and the bigger forces that could keep borrowing costs elevated for real estate investors.   Plus, download our free report on cities facing a housing shortage at http://www.RealWealth.com/Cities   Source: https://www.scotsmanguide.com/news/what-does-bessents-treasury-buyback-plan-mean-for-mortgage-rates/?utm_source=originator&utm_medium=news&utm_campaign=newlayout

Read the daily market notes at the Hypernormal Times on Substack. Subscribe, review, and share at Hypernormal Times on Substack. The global financial system is running a fever, and this week the authorities declared war on the thermometer. Jeremy McKeown separates the signal from the theatre: why the surge in long-term Treasury, gilt and bund yields is a real-yield repricing of sovereign risk, not an inflation scare. Why Treasury Secretary Scott Bessent's surprise bond buyback moved markets for twelve hours and then failed. A put is a bluff with no printing press behind it. Why the AI chip sell-off was a discount-rate shift, not demand cracking. Why Japan and the yen carry trade are where the margin call sits. And why gold, now joined by Bitcoin, is voting no confidence in fiscal sanity. Essential listening for active investors trying to protect capital amid fiscal dominance, rising rates and the AI capex boom.investing, markets, macro, stocks, capital, bonds, bond vigilantes, Treasury yields, fiscal dominance, Scott Bessent, bond buyback, Federal Reserve, Kevin Warsh, inflation, gold, Bitcoin, AI bubble, Nvidia, Anthropic, yen carry trade, Bank of Japan, Jackson HoleThis podcast explores stocks, markets, and capital, examines the role of gold in finance, unpacks tax policy and economics, discusses pathways to financial freedom and retirement, explains how interest rates affect investing, features insights from financial advisers, analyzes inflation, recession, and market volatility, covers the actions of central banks, evaluates different assets, addresses inheritance planning, reviews portfolio construction with bonds and an isa, assesses long-term returns and allocation strategies, explores macro trends, and helps listeners understand risk and pensions.

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Ben and Tom discuss Scott Bessent's expanding influence across the administration as the Treasury doubles the maximum size of its long-bond buyback operations from $2 billion to at least $4 billion effective September 9, a move Tom explains functions as the reverse of quantitative easing since it uses already-borrowed cash to repurchase bonds now trading below where they were issued, Trump announcing unprecedented economic warfare against Iran in remarks that echo language Bessent used a week earlier, Walmart falling 6% as tariff refunds get redirected into price investments and underlying margins soften even as headline results beat, and John Deere rising 2% on construction strength while Big Ag remains pressured by financing, fuel, and fertilizer costs.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

Mary Daly, San Francisco Fed President, talks impact of treasury buybacks, policy and inflation shocks. She talks to Bloomberg's Jonathan Ferro and Lisa Abramowicz. See omnystudio.com/listener for privacy information.

Mortgage rates and inflation data are both in play today as the Treasury steps into the bond market to prop up prices. Dan Frio breaks down why bond buybacks matter for mortgage rates, what today's jobs report means, and what the Federal Reserve is likely to do next in 27 days.In this episode:• Why the Treasury stepped in yesterday to buy back bonds and prop up prices • What happens to mortgage rates when bond supply floods the market (the 2008 comparison) • $5.2 trillion in Treasury debt issued this year, and why that matters for your rate • Today's jobs report and Philly Fed manufacturing numbers, explained • The odds the Federal Reserve holds rates steady at the next meeting • What homebuyers, homeowners, and realtors should watch nextRead the full breakdown on the blog: https://therateupdate.com/blogCHAPTERS 0:00 Treasury Steps Into the Bond Market 2:00 Why Too Many Bonds Push Mortgage Rates Up 4:00 Jobs Report and Manufacturing Numbers 6:00 Federal Reserve Rate Odds for the Next Meeting 8:00 What to Watch Next for Your Mortgage Rate

Michael Saylor and Phong Le sat down with Natalie Brunell to take questions directly from Strategy investors — including some pointed concerns about MSTR's sharp drawdown, dilution and whether common shareholders are still the company's top priority. One investor said he put $73,000 into MSTR for each of his three children, only to see each investment fall to roughly $20,000. He asked Saylor and Le directly: have common shareholders become Strategy's lowest priority? In this episode: Michael and Phong address dilution fears around $MSTR common stock  Are $MSTR buybacks are on the table, and under what conditions? What they say they learned from the $STRC drawdown Whether the $1 million and $10 million per Bitcoin scenarios still hold Why Strategy wants to become the "J.P. Morgan of digital assets" and what that really means ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Kalshi is the largest prediction market in the world. Get $25 when you trade $25. http://kalshi.com/r/HODL ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

Robbie and Andy debate Morpho founder Paul Frambot's controversial take that token buybacks are "shooting yourself in the foot" versus the market's clear reward for programmatic buybacks from Hyperliquid, Lighter, and Pump. They break down Luca Prosperi's corporate finance framework for when buybacks make sense based on market conditions and return on equity, and make the case that too many projects launched tokens before they had a business generating enough revenue to justify one.The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.Timestamps:00:00 Intro02:56 Only 5% Of Tokens Qualify06:16 If You Need Growth, Skip The Token08:40 Lighter, Hyperliquid, Pump Lead Performance13:54 Programmable Vs Arbitrary Buybacks19:23 Applying This To The Rollup Itself22:45 Too Many Tokens Launched Too EarlyPartners: If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua---Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/---Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data. Learn more here: https://www.spaceandtime.io/---Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge---Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.Learn more here: https://www.zama.org/---

Welcome to the Tapt News podcast. A snapshot of the latest stories, including: ** The message to other states on gun buybacks ** Voters mark down the government on migration ** And the pleasant surprise at the Logies The biggest news stories delivered three times a day with reports from across Australia and overseas. Subscribe now to make it part of your daily news diet.See omnystudio.com/listener for privacy information.

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks Podcast YouTube channel at 5:00 PM EST. This week we discussed: (00:00) Introduction (01:50) Bill Ackman's Netflix Investment (10:00) Private Equity's Role in AI Infrastructure Funding (12:02) Potential Software Take-Private Deals and Valuation Trends (13:55) BBB Foods: A Mexican Retail Growth Story (15:46) Airport Operator Diversification and Growth in Latin America (17:48) Discussion on Banking Sector Earnings and Financial Stability (20:14) Berkshire Hathaway's Stock Buyback and Capital Allocation (28:02) Predictions on Next Potential 'Trade Desk' Stock (31:56) Financial Results of Nu Bank and Growth in Mexico (50:01) Walmart, Costco, and Latin American Retail Opportunities (52:08) Sports Betting, Prediction Markets, and Investment Risks ***************************************************** Subscribe to Emerging Moats Research: emergingmoats.com  ********************************************************************* Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today:  https://www.interactivebrokers.com/  Interactive Brokers is a member of SIPC.  ********************************************************************* Fiscal.ai is building the future of financial data. With custom charts, AI-generated research reports, and endless analytical tools, you can get up to speed on any stock around the globe. All for a reasonable price.  Use our LINK and get 15% off any premium plan: ⁠https://fiscal.ai/chitchat  ********************************************************************* Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's BizNews Daybreak covers Donald Trump's stance on Iran and rising oil prices driving Brent crude past $87. Tech highlights include Anthropic's $9.1 billion data center deal with Riot Platforms, Intel raising $20 billion through share sales, and security risks of rogue AI models. Plus, Berkshire Hathaway accelerates share buybacks to $4.5 billion.

Four companies reported. Three of them are paying more to grow.UPS did $22.8 billion in the second quarter, up 7.6%, raised full-year guidance, and watched the stock fall 6%. The model right now is charging more for fewer packages, and domestic operating profit took transformation charges on the way through.PayPal put up $8.68 billion, up 5%. Volume keeps climbing. Take rate and operating margin keep sliding. Buybacks are doing the work of holding EPS flat.Amazon hit a record $200.6 billion quarter with strong AWS growth, though part of the earnings line came from a paper remeasurement on its Anthropic stake rather than from operations. Capex is going up again, and it is going into AI capacity.Shopify grew 34% to $3.58 billion and spent much of the call on AI. Management says AI-driven orders tripled year over year. Management did not say what that is worth in dollars.The Watson Weekly is sponsored by Avalara. Learn more at avalara.watsonweekly.comThen the Investor Minute: Poshmark, Procter & Gamble buying Thorne, Domo going to Progress Software, Calilmacus, and King Kullen finding a buyer on Long Island.#watsonweekly #paypal #ups #shopify #amazon

Multicoin Capital's Shayon Sengupta on why crypto is the most underpriced opportunity in tech, the firm's $319 HYPE base case, Solana vs Hyperliquid, and whether DePIN is dead.In one of his first interviews since being promoted to General Partner & Co-Head of Venture, Shayon joins Connor in New York to explain why Multicoin recommitted to crypto while peer funds expand into AI and robotics. They cover the two forces he believes the market is mispricing (infrastructure maturity and regulatory clarity), the everything exchange thesis behind Hyperliquid, why dual token-equity structures fail, the coming financialization of compute, and a candid Helium post-mortem. On DePIN: "You can call me delusional if you want. We are even stronger believers right now."Timestamps:00:00 - Cold Open00:42 - The Pod Returns with a Bang01:38 - What Changed Since the March Promotion03:25 - Inside Multicoin: Tushar, Spencer, Hedge Fund vs Venture06:08 - Favorite Memory: Breakpoint 2021, SOL at $25009:17 - Lessons from Three Cycles13:38 - AI in 2026 Is Crypto in 202114:19 - Why Multicoin Recommitted to Crypto18:35 - The Regulatory Unlock the Market Is Mispricing21:47 - Is Decentralization Still a Core Tenet?24:49 - Token Holder Rights and the Revenue Meta28:16 - The HYPE Thesis: $319 Base Case, the Everything Exchange30:53 - Are 99% Buybacks the New Standard?33:10 - Why Dual Token-Equity Structures Go to Zero37:33 - Solana vs Hyperliquid: Spot vs Perps42:10 - Request for Startups: Financializing Compute46:30 - Shayon Flips the Mic: Is AI Topping?48:53 - The Four-Year Cycle and Where the Bottom Is51:46 - Where the Next Bull Market Flows Go53:08 - Is DePIN Dead?56:40 - The Helium Post-Mortem59:14 - GEODNET, Grass, and DePIN's Next Five Years01:01:45 - Bear Market Wisdom: "Founders Remember"Follow Shayon: https://x.com/shayonsenguptaFollow Multicoin Capital: https://x.com/multicoinFollow Connor: https://x.com/richhomieconFollow Proof of Coverage: https://x.com/Proof_CoverageProof of Coverage is tech's creative agency. We make launch videos, brand films, founder stories, and event recaps for teams like Kalshi, MoonPay, and Solana.Work with us: https://proofofcoverage.xyzAlthough our guest is a General Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin's investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice. The hosts and guest, and the firms they represent, may hold positions in the companies and tokens mentioned in this episode and stand to gain in the event that the price of the tokens increase.  Multicoin's HYPE valuation report discussed in this podcast can be found as a link in the show notes.  The report includes important disclosures concerning the data and assumptions by Multicoin discussed today.Multicoin's Hype Analysis and Valuation report can be found HERE. The report includes important disclosures concerning the data and assumptions by Multicoin discussed today.Multicoin and the host may have interests in companies and tokens mentioned during the episode.

Halbzeit 2026 – und die Märkte stehen an einem Wendepunkt. Carsten Mumm, Chefvolkswirt der Privatbank Donner & Reuschler, zieht Bilanz und stellt die Weichen fürs zweite Halbjahr. Die großen Tech-Konzerne krempeln ihre Strategie um: Weniger Dividenden, weniger Buybacks – dafür Milliarden-Investitionen in KI-Datencenter und Chips. Meta öffnet seine Infrastruktur für Dritte und springt zweistellig, während Oracle einräumt, dass gebuchte Kapazitäten möglicherweise nicht bezahlt werden können. Der Markt reagiert erstaunlich gelassen – zu gelassen? Gleichzeitig zeigt sich: Wer nur auf die großen US-Tech-Werte gesetzt hat, sitzt auf einem Klumpenrisiko. Der Russell 2000 läuft von Allzeithoch zu Allzeithoch, Europa hat Aufholpotenzial, und der DAX hinkt mit nur zwei Prozent Plus massiv hinterher – belastet durch die Autokrise und einen SAP-Absturz, den kaum jemand auf dem Zettel hatte. Mumms klare Ansage: Das passive Depot wird nicht mehr der Renditebringer der Zukunft sein. Warum Stock-Picking jetzt wichtiger wird, weshalb Gold trotz Rückschlag unter 4.000 Dollar strategisch ins Portfolio gehört und was vom “Herbst der Reformen” der Bundesregierung wirklich zu erwarten ist. ------ Ihr habt Fragen, schreibt uns an: missionmoney@focus-money.de Alle wichtigen Links: https://wonderl.ink/@mission_money

Is a 1% tax enough to change how corporate America returns billions of dollars to shareholders?In this episode of Corporate Finance Explained, we explore the economics of stock buybacks, the new federal 1% excise tax on share repurchases, and why capital allocation decisions can create enormous shareholder value or destroy it.Stock buybacks have become the dominant way companies return capital to investors, but not every repurchase creates value. We break down how buybacks affect earnings per share (EPS), why valuation matters, how the new buyback tax changes the math, and why companies like Apple and JPMorgan approach repurchases very differently than businesses that have made costly capital allocation mistakes.

MediaAlpha Aktie: Profitables wachsendes Insurtech mit hohen Buybacks

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1. Annual Themes, Learning, and Risk Each investing year tends to coalesce around distinct themes that are difficult to identify upfront and only become clear through observation and adaptation. Reviewing prior years helps reveal recurring patterns and informs future strategy. "You either make money or you learn something." Even profitable years yield process insights and highlight missed opportunities, reinforcing resilience and long-term skill building. Investing is like golf: just when your "swing" feels right, conditions change. Continuous refinement is essential because evolving market environments expose new weaknesses. Appropriate risk-taking is crucial for young investors. Under-allocation to equities can be the bigger mistake given long-term upward market drift and compounding. Understanding what you own reduces perceived risk and helps investors ride out volatility and buy dips with conviction. 2. Long-Term Strategy vs. Short-Term Trading Passive, buy-and-hold investing generally outperforms frequent trading, which often triggers taxes on short-term gains and causes investors to sell winners too early. Asset allocation over market timing: set target allocations (e.g., US, international, real estate) and regularly add to underrepresented assets. This dollar-cost averaging approach removes emotion and naturally buys low. Timing tops and bottoms is a losing game relative to disciplined allocation. 3. Continuous Learning, Journaling, and Emotional Discipline Be a "nerd" about learning: read constantly, pursue structured education when suitable (e.g., CFA), and align learning methods to personal style. Maintain an investment journal to recognize recurring patterns and avoid repeating mistakes. Discipline is forged in bear markets. Determine true risk tolerance during downturns and use those lessons to guide profit-taking and positioning in subsequent bull markets. 4. Rethinking Safe Assets Traditional intermediate and long-term bonds have shown higher correlation and volatility with equities, challenging their stabilizing role. Structural concerns (e.g., deficits) may pressure future returns. Alternatives include short-duration bonds for stability, gold as an uncorrelated substitute for long duration, and other tools to mitigate sequence-of-returns risk such as high-yield savings, annuities, or an Indexed Universal Life (IUL) policy with stability, tax advantages, and a death benefit. 5. Common Mistakes to Avoid Shorting individual stocks offers a poor risk-return trade-off: capped upside (100%) with theoretically unlimited downside. Only top-tier professionals with deep access and diligence should consider it. Chasing high yield is a trap. Elevated yields usually signal higher risk, potential financial distress, or "return of capital" that erodes principal. Favor quality yield and total return via strong businesses and long-term capital gains. 6. Dividends, Buybacks, and Capital Allocation Very high dividends can indicate limited reinvestment opportunities, effectively de-capitalizing the business and implying muted growth expectations. Share buybacks are a tax-efficient way to return capital, raising ownership per share without immediate tax consequences. 7. Core Principles of Wealth Accumulation and Professional Growth Focus on what you can control: increase income to boost contributions, extend time in the market, and pursue quality growth. Contributions and time are controllable; market returns are not. Wealth builds through contributions, growth rate, and time. Becoming more valuable professionally to raise income often beats trimming small expenses. Invest in yourself through continuous education, structured learning, and stepping outside your comfort zone. Mutual accountability within teams drives higher performance and consistent improvement. Conclusion Successful long-term wealth accumulation centers on appropriate, well-understood risk; disciplined buy-and-hold allocation; continuous learning and journaling; and emotional discipline tested in downturns. Avoid asymmetric pitfalls like shorting and chasing high yields, rethink the role of traditional bonds, and consider diversified stabilizers. Emphasize controllables—income, contributions, and time—while reinforcing professional growth and accountability.

RV crypto contributor Kris Bullock, aka Blastoplast, is back to dig into the latest price action and answer your questions on all things technical analysis in the world of macro and crypto, including the latest trending stocks and tokens. Have a question for Kris? Join the live show every Monday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. Moderated by Bijan Maleki. Let Monarch do your financial 'spring cleaning' for you!  Use code REALVISION at Monarch.com to get your first year half off at just $50. Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.

Daily Snippet vom 30.06.2026 Michael Saylor macht den Strategiewechsel offiziell. Strategy baut Cash auf, erhöht die Ausschüttung, autorisiert Buybacks und öffnet die Tür für Bitcoin-Verkäufe. Damit bricht das alte Narrativ: Bitcoin halten, Cash ist Trash. Jetzt wird Cash zum wichtigsten Puffer. Die entscheidende Frage: Bringt dieser Move Vertrauen zurück, oder kauft Saylor nur Zeit?

Gm! In today's episode, we're joined by Hardhat Chad, Foreman at ORE, to discuss the origins and evolution of ORE Protocol, including its transition from proof-of-work mining on Solana to its current grid mining system. We cover mining incentives, token emissions, protocol revenue and buybacks, proof of useful work, community governance, security improvements, quantum-resistant infrastructure, validator decentralization, and future plans for ORE's ecosystem, liquidity, and foundation structure. Enjoy! -- Follow Lightspeed: ⁠https://x.com/Lightspeedpodhq Follow ORE: https://x.com/ORE Follow Hardhat Chad: https://x.com/HardhatChad Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: ⁠https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (1:43) ORE's Origin Story (7:18) Why Bitcoinomics Broke (10:49) Proof Of Work's Value Leak (12:57) Mining Design Tradeoffs (21:42) Revenue, Buybacks, And Burns (23:48) Rewarding Long-Term Holders (28:29) V4 Reduces Roulette Risk (35:33) Forks, Rugs, And Security (44:37) Future-Proofing ORE (52:45) Foundation And Liquidity Roadmap (55:05) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.

She told investors $440M. The real number was $15.7M. This week: the CaaStle fraud, Walmart's Subway play, and Shopify's $5B bet.In this episode:Walmart + Subway. Walmart folded Subway into its delivery app, with express orders coming off the Subway counters already sitting inside its stores. Live now in six states (Connecticut, Florida, Georgia, Ohio, Pennsylvania, Texas), with roughly 1,400 locations targeted by end of summer. Flat delivery fee, in-store menu pricing, 30 minutes or less. It rides on the Spark drivers and drones Walmart is already paying for, pointed straight at Uber Eats and DoorDash.The CaaStle fraud. CaaStle told investors it booked $440 million in net revenue for fiscal 2023. The real figure was $15.7 million. Founder and CEO Christine Hunsicker confessed to doctoring the financials on a video call with her board in December 2024, then kept her job for three more months while investors heard nothing. She controlled that board. Co-founder Jaswinder Pal "JP" Singh sold $6 million in stock back to the company around the time investors started asking questions. Hunsicker pleaded guilty to securities fraud in March, admitting she defrauded investors of $283 million, and she's scheduled for sentencing this summer.Apple rents the brains. At WWDC on June 8, Apple introduced Siri AI: a rebuild that reads what's on your screen, pulls context from your messages and email, and takes actions across apps. The part Apple said less about is who's powering it. Reporting puts Apple at more than $1 billion a year to Google for a custom Gemini model running Siri's cloud features. The China rollout waits on regulators. For a company that has spent decades insisting it owns its entire stack, renting the model from a rival is the real headline. Tim Cook hands the company to John Ternus in September.Shopify's $5 billion vote. Shopify added $3 billion to its repurchase program on June 2, taking total authorization to $5 billion. Buybacks usually get read as "we've run out of ideas." Then Q1 revenue rose 34% to $3.2 billion and merchants cleared $100 billion in GMV for the second quarter in a row. Decide for yourself which signal you believe.

Join the conversation on the 7investing discord: https://discord.com/invite/PT9ZQqdXXSWant access to all our investing content? Join at 7investing.com/subscribe Salesforce (NYSE:CRM) just reported $11 billion in Q1 fiscal 2027 revenue, and the stock is still trading at less than 13x free cash flow, a valuation that Salesforce itself apparently finds too cheap. The company borrowed $25 billion in a single quarter to execute an accelerated share repurchase, reducing its diluted share count by 10% in 90 days as part of a $50 billion buyback authorization. Simon Erickson breaks down why this is one of the most aggressive and under-appreciated capital return stories in enterprise software right now.Beyond the buyback, the real growth engine is Agentforce, Salesforce's AI agentic platform, which is tripling year over year and now generating $3.4 billion in annual recurring revenue combined with its Data 360 customer record platform. With 1.6 billion agentic work unit interactions already logged and a $67 billion remaining performance obligation backlog, Salesforce is positioning itself as the largest and most embedded AI enterprise software platform in the world, one that has spent two decades accumulating the customer data that AI agents actually need to work properly.Simon argues Salesforce has successfully navigated the transition that's destroyed many SaaS peers: moving from per-seat licensing to usage-based AI credits, internalizing AI to reallocate 4,000 customer service jobs into revenue-generating roles, and growing its AI revenue at 200% year over year. With a long-term target of $63 billion in fiscal 2030 revenue (already raised from $60B), a growing dividend, and a management team putting real capital behind the buyback, this is a very different company than the hyper-growth Salesforce of a decade ago, and possibly a more reliable one for long-term investors.0:00 - Introduction and Overview of Salesforce's business1:13 - Review of Q1 2027 results4:36 - A closer look at the Agentforce AI platform6:48 - Why Salesforce is an "Underappreciated Winner in the AI Software World"7:55 - Investor Day Commitments for Fiscal 20309:48 - Why Salesforce's Accelerated Repurchase Plan is important11:06 - Review of Salesforce as an investment opportunity12:20 - Q&A and audience questionsStocks MentionedSalesforce (NYSE:CRM)Palantir Technologies (NASDAQ:PLTR)Oracle (NYSE:ORCL)Informatica (NYSE:INFA) — acquired by Salesforce#Salesforce #CRM #AIAgents #EnterpriseAI #SaaSStocks #TechStocks #ShareBuyback #StockAnalysis #Q1Earnings #GrowthStocks #StocksToWatch #InvestingIn2026 #7investing #Simonerickson

My guest today is Dara Khosrowshahi, the CEO of Uber. Before Uber, Dara ran Expedia for thirteen years. We start with why he took this job in 2017, and a big part of that story is Daniel Ek, who told him that life is not about happiness, it is about impact. We talk about what the chaos felt like on day one, and how his family leaving Iran when he was nine shaped the way he handles pressure today.  We spend most of our time on autonomous vehicles and Uber's role as the demand aggregator in a world of physical AI. Dara explains why Uber is a supply-led company, what it will take to win, and why he expects many winners in AVs rather than one.  We also discuss Uber's $10 billion in free cash flow, the push toward a single app for everything, and what he has learned from Allen & Co, Barry Diller and Reed Hastings. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.  ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- ⁠Ramp's⁠ mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ramp.com/invest⁠⁠ to sign up for free and get a $250 welcome bonus. ----- Trusted by thousands of businesses, ⁠Vanta⁠ continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Invest Like the Best listeners get a special offer of $1,000 off Vanta when you go to ⁠vanta.com/invest⁠.  ----- WorkOS⁠ is the infrastructure B2B and AI-native companies use to sell to enterprise. It covers everything enterprise security requires: SSO, SCIM, RBAC, Audit Logs, AI governance, and more. Trusted by 2,000+ fast-growing companies, including OpenAI, Anthropic, Cursor, and Vercel. ----- Rogo is the AI platform for finance. They're building agents for Wall Street that are trained to understand how bankers and investors actually do work: from diligence and modeling, to turning analysis into deliverables. To learn more, visit rogo.ai/invest. ----- ⁠Ridgeline⁠ has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Timestamps: (00:00:00) Welcome to Invest Like The Best (00:02:29) Intro to Dara Khosrowshahi (00:03:37) How Daniel Ek Convinced Dara to Take the Uber Job (00:06:54) Bringing Order to Chaos (00:09:20) Managing Stress as a Leader (00:11:22) The Chip on His Shoulder (00:12:53) Parenting Lessons (00:17:01) Mandate for AI Adoption (00:21:21) Uber's Role in Physical AI (00:22:48) Winning the AV Demand Race (00:27:41) Partnering vs. Competing with Waymo (00:32:05) AV Success Unlocks New Markets (00:35:09) Why Drones Haven't Arrived Yet (00:36:27) Regional AV Rollout Differences (00:37:35) Uber Eats International Winning Formula (00:39:44) Key to Aggregating Supply Well (00:44:34) Adding Hotels to Uber Platform (00:50:46) Lessons in Marketing at Scale (00:52:59) Apps vs. AI Agents in Seven Years (00:54:08) What Dara Learned from Barry Diller (00:56:52) What Dara Learned from Allen & Co (01:00:09) Buybacks vs. Growth Investing (01:04:17) Lessons from Reed Hastings (01:05:49) The Kindest Thing

Nvidia was tot nu toe een van de sloomste chipaandelen van het jaar. Intel, AMD, Samsung, SK Hynix en zelfs ons eigen Besi fietsten de gifgroene chipreus lachend voorbij. Maar misschien is dat nu voorbij! Het bedrijf komt met een nieuwe superchip en dat betekent - naar eigen zeggen - een heel nieuw tijdperk voor computers. Het betekent in ieder geval flinke pijn voor beleggers in Qualcomm en Intel. Iets verderop zitten beleggers in Arm, Microsoft, ServiceNow en Hewlett Packard juist feest te vieren. We bespreken waarom. Verder doet de opvolger van Warren Buffett zijn eerste overname, in een totaal andere business: huizen bouwen in de VS. We bekijken waarom Berkshire opeens 6.8 miljard dollar in een sector plempt waar het kroonjuweel van Buffett al flinke belangen in heeft. Gast Erik Mauritz heeft het te doen met Greg Abel, die moeilijk in de voetsporen van het Orakel van Omaha kan treden. Maar toch ziet hij in Berkshire Hathaway een van de betere manieren om jezelf te beschermen tegen oververhitte AI-aandelen wereldwijd. Oh ja, en vlák voor uitzending diende Anthropic nog even de vertrouwelijke documenten in voor zijn beursgang. Nondeju! Verder in deze aflevering: SpaceX en vage cryptoconstructies, futurecontracten en andere dubieuze derivaatjes SoftBank steekt 75 miljard euro in grootste datacenterproject van Europa Wapengekletter: Czechoslovak Group aast nog steeds op een belang in KNDS, maar moet daarbij Franse en Duitse staat dulden CEO-loos Heineken Te gast: Erik Mauritz van Trade Republic. BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie. Van Musk tot Microsoft en van Ahold tot ASML. Wij vertellen je wat beleggers bezighoudt, wie de markten in beweging zet en wat dat betekent voor jouw beleggingsportefeuille.See omnystudio.com/listener for privacy information.

NEAR keeps showing up in strange places: cross-chain wallets, privacy apps, AI infrastructure, and now the emerging agent economy. Sal Ternullo, CEO of SVRN, joins us to explain why he thinks this is not another NEAR pivot, but the original thesis finally coming into focus. They dig into NEAR Intents, AI money, tokenomics, privacy, fee capture, agentic commerce, and why SVRN is trying to commercialize the NEAR ecosystem rather than simply hold the asset. ---

MRKT Matrix - Tuesday, May 19th U.S. stocks slide under pressure from higher rates (CNBC) The Bond Market Is Forcing a Reckoning Trump Isn't Able to Stop (Barron's) Mortgage rates surge to highest level since July (CNBC) Big Tech Is Cutting Back on Buybacks. Nvidia Could Be the Exception. (WSJ) Wall Street prepares for boom in tech IPOs after Cerebras' success (FT) Amazon's Nvidia Alternative Starts Winning Over AI Developers (The Information) Meta Goes Big on the Bayou (Bloomberg) Google and Blackstone to Create New AI Cloud Company (WSJ) The American Rebellion Against AI Is Gaining Steam (WSJ) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

In this episode, we're joined by Sam MacPherson, Co-Founder and CEO of Phoenix Labs, to discuss Sky's evolution from MakerDAO, Spark's role as a prime agent SubDAO, and its approach to DeFi lending, liquidity management, and risk frameworks. We also cover governance restructuring, isolated lending markets, token buybacks, institutional liquidity products, fintech partnerships, and Spark's long-term vision for prime brokerage and USDT growth. Thanks for tuning in! As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice. -- Follow Blockworks Research: https://x.com/blockworksres Follow Spark: https://x.com/sparkdotfi Follow Sam MacPherson: https://x.com/hexonaut?lang=en Follow Luke Leasure: https://x.com/0xMether Follow Boccaccio: https://x.com/salveboccaccio -- Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (1:55) Why MakerDAO Became Sky (5:10) Spark's Role Under Sky (7:45) Spark Liquidity Layer (12:25) Conservative Collateral Strategy (17:35) DeFi Risk Ratings (24:38) Liquidity Intents Explained (27:37) Buybacks and Token Treasury (29:46) Spark's Real Competitors (32:51) Backend for Fintechs (35:56) SubDAO Competition Dynamics (43:20) What's Next for Spark (47:10) Closing Comments -- Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place Blockworks Research: https://www.blockworksresearch.com/ Free Daily Newsletter: https://blockworks.co/newsletter -- Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

Something big is happening in corporate America, and it's barely making headlines. In this episode of Off The Wall, David B. Armstrong, CFA and Nate Tonsager, CIPM, CFA break down one of the most interesting stories in Q1 earnings: companies are pouring money into long-term growth instead of handing it back to shareholders. CapEx is up 38%. Buybacks? Up just 1%. They unpack what that means, who's doing the spending, and why the 35-year playbook of returning cash to shareholders may be getting rewritten. Then the conversation shifts to the Fed. Chairman Powell is out, and Kevin Warsh is in. Dave and Nate walk through who Warsh is, why his background is an important piece of the conversation, and what a more flexible, less predictable Fed chair could mean for interest rates, inflation, and your wealth strategy. Finally, they tackle a listener question about using AI to evaluate a portfolio. It's a genuinely useful data collection tool when applied correctly. But when a study shows AI trading bots losing a third of their capital in two weeks across 32 separate tests, the limits become hard to ignore. Dave and Nate break down exactly where AI earns its place in the investment process, where it falls short, and how Monument is actually applying it when it comes to managing your portfolio.       Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 - Disclosures and Quick Premise  0:26 - AMA Agenda and Market Backdrop  1:46 - Earnings Surprise: CapEx Beats Buybacks  4:06 - Hyperscalers and the AI Spend Cycle  8:12 - Momentum Over Predictions in Portfolios  19:54 - Market Seasonality, Iran, and Staying Invested  23:23 - New Fed Chair and Independence  32:14 - Inflation, Oil, and Rate Decision Uncertainty  36:46 - AI Use Cases and Hallucination Risk  46:22 - Why Trading Bots Often Lose Money  48:06 - Send Questions, Subscribe, and Closing   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts David B. Armstrong, CFA and Nate Tonsager, CFA, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic. Learn more about our hosts on our website at https://monumentwealthmanagement.com 

Jordan Rusche, Founder of Mining Stock Monkey, joins us for an in-depth and nuanced discussion around key metrics and trends in Q1 earnings reports from the gold and silver producers and PM royalty companies; along with which companies he is actively trading in his portfolio.    We start out getting Jordan's perspectives from this Q1 earnings season in the PM producers, touching upon initiatives around paying down debt, share buybacks, and dividends.  We counterbalance those trends with how companies are also investing in growth through mergers and acquisitions. We discuss some general takeaways in the earnings reports from how the majors are managing increasing costs from higher fuel costs to labor to sustaining capital in Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM), Barrick Mining Corporation (NYSE:B)(TSX:ABX), and Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) . We check in on the positive market reaction in the Q1 report from B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), but Jordan also couches the enthusiasm with the fundamental factors pointing to the potential for rising AISC figures for the balance of this year. Jordan breaks down why Agnico Eagle paid a premium for Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), in the recent acquisition of their project in Finland. Next we shifted over to the record revenues witnessed in Q1 earnings reports from the royalty and streaming companies.  While revenues are up in a big way, that is not typically been from growing gold equivalent ounces (GEOs).  Jordan highlights the longer-term investing thesis required to realize the growth potential in production metrics in a company like Royal Gold, Inc. (NASDAQ: RGLD). Sticking with royalty companies, Jordan highlights the strong copper exposure and future growth on tap across multiple commodities in Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE).      Get 25% off Mining Stock Monkey VIP. {Limited to 10 sign ups}: https://miningstockmonkey.com/products/vip?promo=KE25MAY     Sign up for Jordan's free “Silverback Letter” here: https://miningstockmonkey.substack.com     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Newmont is earning $11/share at 10x PE with 132% growth — half the S&P's multiple. Wall Street is asleep at the wheel.This episode is sponsored by Outskill. Bonuses worth $5100+ if you join and attend. Grab your free seat to the 2-Day AI Mastermind: https://link.outskill.com/PETERSCHIFFAP4This episode is also sponsored by ExpressVPN. Get an extra 4 months free. http://expressvpn.com/GoldNewmont Mining just posted 132% earnings growth with five-to-one margins and a stock trading at 10x earnings — half the S&P multiple — and Wall Street barely noticed. Peter Schiff breaks down why gold miners are the most undervalued sector in the market and why he's been accumulating positions in companies like Newmont, Franco-Nevada, and Wheaton for over 20 years without selling a share.The episode also covers Trump's Iran war pivoting from threatened annihilation to an economic blockade that's keeping oil above $94, the DOJ dropping its criminal investigation into Jerome Powell's Fed building remodel as an olive branch to clear the way for Kevin Warsh, Schiff's own six-year experience with leaked government investigations that were never officially closed, Michael Saylor's Strategy preferred stock as a self-described Ponzi scheme the SEC refuses to touch, and a new cottage industry of mass tort lawyers helping businesses claim tariff refunds — proof that Americans, not foreigners, paid every cent of those tariffs.Chapters:00:00 Cold Open Montage00:57 Show Intro Puerto Rico01:28 War Drags On Markets Shrug04:27 Blockade Strait Oil Spike08:18 Election Pressure Inflation Risks13:22 Commercial AI Mastermind Ad15:54 Post Office Hikes Inflation16:41 Powell Probe Fed Incentives22:31 Schiff Investigation Story30:00 Commercial ExpressVPN Pitch31:37 Gold Friday Market Wrap34:35 Newmont Earnings Surge36:52 Gold Miner Margins Explained38:20 Buybacks and M&A Signals39:27 West Red Lake Pullback40:19 Buying Bad News Strategy42:38 Position Sizing and Risk45:04 Gold Fund and Active Picks46:40 Bitcoin Yield Ponzi Rant53:18 Tariff Refund Fallout56:50 Debt Deficits and War01:02:01 Wrap Up and SubscribeFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #GoldMiners #NewmontMiningPrivacy & Opt-Out: https://redcircle.com/privacy

Today's guest is Samuel Hartzmark, a finance professor at Boston College. In today's episode, Sam explores why dividends are so often misunderstood by investors. He explains the “free dividends fallacy” and how it can lead to inflated valuations and price dislocations. He also examines the tradeoffs between dividends and buybacks and how payout policies influence investor behavior. To close, Sam briefly touches on his research on prediction markets and ESG. (0:00) Starts (1:59) Sam Hartzmark on dividend misconceptions (15:24) Mutual funds juicing dividend yields (27:26) Buybacks, shareholder yield, and reinvesting dividends (39:57) Tax optimization (43:40) Importance of total return (52:26) Divestment, prediction markets, and memorable investments ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on the podcast, our guest is Rich Kruger, President and Chief Executive Officer of Suncor Energy Inc. Rich explains key messages from the company's recent Investor Day presentation, including its transformation in safety, operations, and financial metrics over the past three years.   Here are some of the questions that Peter and Jackie asked Rich: What is Suncor's production now, and what is your 3-year growth plan?  How do oil sands costs stack up against U.S. shale? How much capital are you returning to shareholders, and how do you respond to criticism that Suncor should be investing more capital in Canada versus sending it to investors? What are the reserves of Suncor, and how do these compare to those of other companies?   With pipeline proposals advancing west to tidewater and south to the United States, where should Canada focus its efforts?  Are you concerned about Venezuela creating competition for Canadian oil in the United States? What are your thoughts on US shale oil? Do you expect the growth to slow?   With active discussions underway on carbon pricing and the Pathways Carbon Capture project, what is your perspective on Canada's future carbon policy and competitiveness?  How does the federal government's shift in tone affect your investment outlook, and does it meaningfully reduce greenfield project risk?  Content referenced in this podcast: Suncor Investor Day replay and transcript (March 31, 2026) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Most investors see stock buybacks as a simple bullish signal. Companies are confident. Prices go up. Everyone wins. That belief is incomplete. In this episode, we unpack what buybacks actually represent beneath the surface—and why they may matter far more than most investors realize. Yes, buybacks can support share prices. But more importantly, they reduce the number of ownership opportunities available in the market. Fewer shares. Concentrated ownership. Less access. This isn't just about individual stocks. It's about a structural shift. As companies generate more cash and rely less on external capital, they are actively reclaiming ownership from the public. At the same time, technological efficiency—especially AI—is reducing the need for labor while increasing the value of ownership. The result? A widening gap between those who own productive assets and those who rely on earned income. This episode explores why many investors are optimizing for the wrong thing, how buybacks signal a deeper transition in the economy, and what it means to "participate" in business at the lowest—and most powerful—level. Because the real question isn't whether buybacks are bullish. It's whether you're on the side selling ownership—or accumulating it. Want to Learn More? – Explore free education and tools at cashflowbonus.com to strengthen your investing foundation – Keep building your financial education at yourinvestingclass.com.

Mentor Sessions Ep. 061: Macro Legends on Oil, the Breaking US Treasury Market, and the Dollar Crisis No One Is Ready For | Luke Gromen & Lyn AldenIran doesn't have to beat the US military. They just have to beat the US Treasury market — and that changes everything you think you know about this conflict.The Strait of Hormuz is the chokepoint for roughly 20% of the world's oil supply, and right now it sits at the center of a geopolitical storm with consequences that reach far beyond the Middle East. In this deep-dive interview, we break down exactly how a Hormuz disruption cascades into oil price spikes, supply chain breakdowns, and a inflation surge that puts the US dollar's reserve status under unprecedented pressure. You'll understand why this conflict is as much a financial war as a military one, what it means for energy markets in 2026, and why Bitcoin's role as a neutral, non-sovereign asset has never been more relevant. Whether you're trying to protect your wealth or just make sense of the headlines, this conversation gives you the framework to think clearly when the noise is loudest.⏱️ Timestamps:0:00 – Iran Doesn't Need to Beat the Military, Just the Treasury 1:10 – Episode Intro with Luke Gromen & Lyn Alden 1:25 – Oil Prices, Futures Curve & Hormuz Crisis 2:10 – Will Hormuz Opening Fix Everything? 3:53 – Mid-May Deadline & Escalating Impact 8:02 – Supply Chain Fragility & Non-Linear Breaks 14:14 – The Upside-Down Global Economy (You Can't Print Oil) 15:31 – Food Shortages & Global South Risks 18:35 – Inflation, Money Printing & Debt Spiral 20:04 – Why the US Must Print Money in 2026 24:10 – Treasury Market Stress & Buybacks 32:11 – Japan, China & Dollar Pressure 43:52 – Why Are We Really in This Conflict? 1:09:12 – Petrodollar Under Pressure & Gold-for-Oil 1:13:59 – Best & Worst Case Scenarios 1:26:54 – Bitcoin's Role Right Now 1:32:23 – Final Thoughts & Where to Find Luke & LynFollow Luke:X: @LukeGromenWebsite & Research: fftt-llc.comNewsletter: fftt-treerings.comFollow Lyn:X: @LynAldenContactWebsite & Free Newsletter: lynalden.com

Canada's gun buy back is almost over, but did it work? CBC's national reporter Sam Samson walks us through the passionate and divided debate across Canadian cities. We'll hear from gun owners, politicians, and police about where they stand about the program.

In this episode of Run the Numbers, CJ sits down with Glenn Schiffman, CFO of Fanatics. They break down the economics of sports IP, how Fanatics approaches CAC, LTV, and capital allocation across merchandising, collectibles, and betting, and the negotiation lessons Glenn learned from decades in investment banking and leading finance at IAC.—SPONSORS:Brex is an intelligent finance platform that combines corporate cards, built-in expense management, and AI agents to eliminate manual finance work. By automating expense reviews and reconciliations, Brex gives CFOs more time for the high-impact work that drives growth. Join 35,000+ companies like Anthropic, Coinbase, and DoorDash at https://www.brex.com/metricsAleph is a modern FP&A platform built for teams that want more than another planning tool. By connecting your ERP, CRM, and other systems into one trusted data layer with AI workflows, Aleph helps you move faster with real-time insights. Get a personalized demo at https://www.getaleph.com/runRightRev is an automated revenue recognition platform built for teams that have outgrown spreadsheets and billing tool workarounds. It handles high-volume subscriptions, usage-based contracts, and mid-cycle upgrades, so you can scale without scrambling at month-end. For RevRec that keeps your books clean, visit https://www.rightrev.com/CJRillet is an AI-native ERP built for modern finance teams that want to close faster without fighting legacy systems. Designed to support complex revenue recognition, multi-entity operations, and real-time reporting, Rillet helps teams achieve a true zero-day close—with some customers closing in hours, not days. If you're scaling on an ERP that wasn't built in the 90s, book a demo at https://www.rillet.com/cjEY works with high-growth tech companies to navigate the messy realities of scaling—from regulatory requirements to IPO readiness. By helping teams get it right early and often, EY lets founders stay focused on building while reducing risk as they grow. Learn more at https://www.ey.com/techstartupsSpendHound is a SaaS spend management platform built for finance and procurement teams that want visibility and leverage in every deal. By tracking all your software, benchmarking pricing across thousands of vendors, and surfacing contracts and renewals, SpendHound helps you stop overpaying and negotiate with confidence. Trusted by teams at ZoomInfo and Hootsuite. Get started at https://www.spendhound.com—LINKS: Mostly Talent: https://mostlymetrics.typeform.com/to/cLTxtAsNGuest: https://www.linkedin.com/in/glenn-h-s-51440521/Company: https://www.fanaticsinc.com/CJ: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—TIMESTAMPS:0:00 Preview and intro1:13 Welcome and guest intro2:38 Football at Duke and college businesses5:40 Predecessor to DoorDash story7:10 IP monetization explained9:22 All deals are snowflakes10:36 Partnership KPIs13:21 Sponsors — Brex | Aleph | RightRev16:40 Buy, bet, collect: CAC and LTV17:15 Single view of the fan18:39 Multi-business customers spend 4.7x20:32 Fanatics credit card launch22:13 AI for personalization23:01 DTC vs. wholesale margin profiles24:05 Budgeting process26:07 Infinite vs. finite: focus on revenue26:37 Sponsors — Rillet | EY | SpendHound29:47 Starve your losers, feed your winners32:58 Capital compounding: revenue, EBITDA, FCF33:56 Buybacks at IAC37:02 First negotiation at Lehman39:17 Outlasting the other side39:56 Listening in negotiations40:03 Long-Ass Lightning Round44:25 Credits#RunTheNumbersPodcast #CFO #SportsCommerce #CapitalAllocation #FinanceLeadership

Interview recorded - 5th of March, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Howell. Michael is the Founder & Managing Director of CrossBorder Capital, now renamed GL Indexes.During our conversation we spoke about the current state of the economy, where we are at the liquidity cycle, buybacks to capex, geopolitical issues, government led economies and more. I hope you enjoy!0:00 - Introduction0:48 - Current outlook2:15 - Liquidity cycle4:00 - Changes to liquidity5:50 - Buybacks to capex7:51 - Geopolitical issue10:01 - China21:04 - Global business cycle24:38 - Government led economies30:40 - Outlook for markets34:28 - Continuing QT?36:30 - Debasement41:10 - One message to takeawayMichael Howell is CEO of CrossBorder Capital, a London-based FCA registered, independent research and investment company that he founded in 1996. Previously he was Head of Research for Baring Securities and Research Director of Salomon Brothers Inc, the US investment bank. The liquidity methodology he pioneered monitors cross-border flows and Central Bank behaviour across some 80 countries world-wide. Liquidity flows are a central part of CrossBorder Capital's asset allocation advice, which is currently provided to major global investors, including institutional asset managers, government agencies, Central Banks and endowment funds. Michael has been in financial markets since 1981 and is a regular conference speaker and media commentator. He graduated from Bristol and London Universities with a finance doctorate, specialising in Fixed Income.Michael Howell -Website - https://app.slice-app.io/p/traders/CmklGohFrVNpFLeFOlrF23G53Eh2Twitter - https://twitter.com/crossbordercapLinkedIn - https://www.linkedin.com/in/michael-howell-357b1416/?originalSubdomain=ukSubstack - https://substack.com/@capitalwarsWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

United Parks & Resorts reported fiscal 2025 results this week; Revenue, attendance, net income, EBITDA were all down. "Our fiscal 2025 results did not meet our expectations. While the consumer environment was uneven and our results were impacted by negative international tourism trends and volatile weather during certain peak visitation periods, we should have delivered better results, particularly on the cost side of the income statement," CEO Marc Swanson said during the earnings call. The earnings call, however, spent relatively little time on what went wrong in the parks. Instead, the company debuted a supplemental investor presentation focused on the value of its real estate, the replacement cost of its assets, and why the stock is undervalued. The company has spent $247 million on stock buybacks over the past 14 months, while cutting expansion CapEx nearly in half.Watch bonus episodes on Patreon.

Dr. Beckett and Rich Klein discuss Topps' “75 Greatest Cards” list finalized over a Zoom call with industry and hobby voices (including Nat Turner, writer Tim Kurkjian, collector Evan Longoria, historian John Thorn, Fanatics CEO Mike Mahan, and others). Josh Hall writes in criticizing the list for recognizing Barry Bonds and for placing Paul Skenes' card between legends like Jackie Robinson and Nolan Ryan in the top ten. Beckett explains why modern players must be represented, and they compare the process to Mike Payne's 1997 “300 Greatest Baseball Cards” book, and argues Skenes merits inclusion due to hobby relevance and sales, while noting career outcomes are uncertain. They cover how the top 10 was balloted and tabulated, Beckett's push for more Ohtani and Judge, and the importance of redemption “hits” that won't disappoint collectors. They debate including the Aurelio Rodriguez Bat Boy error card, Rich shares an anecdote about a 2006 Topps Heritage wrong-photo card signed “that's not me,” and critiques design choices that make names/numbers hard to read. The conversation also touches on buybacks, the hobby's shift toward hits over rediscovered commons, and how grading/pop reports influence list perception (including his view that a Topps Griffey “rookie” shouldn't outrank the iconic 1989 Upper Deck). Beckett addresses the tension between player popularity and performance, defends Bonds as having broken rules rather than committing “crimes against humanity,” and says he didn't rank Bonds in his own top 10, while noting Nolan Ryan's popularity despite a less-stellar win–loss record. They praise Topps/Fanatics' marketing savvy and both credit friend and longtime Topps' Clay Luraschi as a key behind-the-scenes contributor to the broader list that was narrowed down.   01:57 Why Modern Stars Belong 02:41 Inside the Voting and Making Redemption Cards Exciting 06:55 Buybacks vs. “Hits” in the Modern Hobby 07:41 Nat Turner/Grading/Pop Reports Shaping the Rankings 10:42 Barry Bonds Debate: Popularity vs Performance  

Warren Pies, founder of 3Fourteen Research, lays out his thesis for a "Goldilocks" first half of 2026, characterized by growth inflecting higher alongside continued disinflation — a very equity-positive environment. However, Warren identifies four key risks testing the market's delicate balance: vanishing MAG7 buybacks due to AI capex, software's existential disruption, Kevin Warsh's Fed nomination (which he calls "the worst pick for investors"), and precious metals volatility. Despite these headwinds, Warren argues the most bearish narratives are overdone. He notes that software has moved from overvalued to fairly valued, that post-GFC markets have returned double digits in every year with buyback contractions, and that extreme return dispersion near all-time highs historically resolves in six-month rallies. His core investment thesis: "When disruption is the risk, own that which cannot be disrupted" — rotate from bonds into commodities as the ideal portfolio hedge. Warren maintains his equity overweight, expects the bull case to remain intact through H1, and sees the recent rotation as healthy rather than ominous.Links: https://www.3fourteenresearch.com/https://x.com/WarrenPiesTimestamps: 0:00 Intro and welcome back Warren Pies 1:16 Macro picture: The secular debasement regime 3:30 Goldilocks for H1 2026 — growth up, inflation down 5:38 Four risks to the delicate balance 12:34 Is the market healthier than people think? The rotation argument16:38 Software went from overvalued to fairly valued 17:26 Markets at record highs 18:30 Extreme dispersion under the surface 22:18 Sentiment: More pessimistic than you'd expect near ATHs30:11 The four risks: Buybacks, software, Warsh, and precious metals30:52 Commodities thesis: When disruption is the risk, own that which cannot be disrupted 37:38 Kevin Warsh and the Fed 45:22 10-year 49:53 The economy53:33 Where to find Warren and parting thoughts

This week we break down the brutal de-leveraging across markets, why AI CapEx is flipping the old buyback playbook and what it means for Mag7, crypto's bloodbath, the next moves from the Fed and bond market. We also dig into credit risk, factor rotations, the Epstein list, and why gold is sending a louder signal than Bitcoin. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code FORWARD200 for $200 OFF! https://blockworks.co/event/digital-asset-summit-nyc-2026 __ Weekly Roundup Charts: https://drive.google.com/file/d/1RPRDTwLzPJR9ggBsFnZ7jGUYUJUl-idb/view?usp=sharing — Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral. Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here: https://www.coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_FG&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=FG — Timestamps: 00:00 Intro 02:16 De-Leveraging and Market Stress 05:20 AI CapEx vs Buybacks and Mag7 14:04 Crypto Bloodbath and Risk Assets 18:47 Ads (Grayscale) 21:42 Credit Risk, Factors, and Fed Path 32:52 Epstein Fallout 35:47 Ads (Grayscale, Coinbase) 37:19 Market Structure, Bond Market 46:18 Private Equity and AI CapEx 59:27 Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

The Chopping Block unpacks crypto's DATpocalypse — NAVs collapsing, volumes drying up, and consolidation on the horizon. Plus: Vitalik sparks a wave of quantum panic, what Q-Day really means for Bitcoin and smart-contract chains, and why “qubits per share” might become the next great crypto meme. Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This episode opens with the DATpocalypse: almost every DAT is now below NAV, volumes have collapsed outside Bitmine and MicroStrategy, and the market is finally confronting what happens when issuances outrun demand. We get into consolidation talk, preferred-share experiments, capital-structure pivots, and whether any DAT should actually be selling crypto to buy back shares at a discount. Then we shift into quantum mania. Vitalik's “2028” comment lit up Q-Day fears, and we separate genuine hardware progress from pure panic. We discuss why post-quantum upgrades are simple for Bitcoin but brutal for stateful chains, and how hype alone could trigger a wave of “quantum-resistant” speculation. And yes — the running gag: DATs using quantum machines to steal Satoshi's coins. Tough markets, weird narratives, and institutions quietly holding the line. Let's get into it. Show highlights

Anthony Scilipoti is one of the sharpest minds in investing. He's the President and CEO of Veritas Group of Companies. He called the collapses of both Valeant Pharmaceuticals and Nortel before they happened, and now he has some thoughts on AI. We talk about asking better questions, reading the fine print, the role of short selling, and what it means to be wrong. We explore why AI gives you information but not insight, why cheap risk is often the most expensive, and why nothing matters until it does. It's a conversation about the difference between seeing and understanding and the discipline to notice what everyone else ignores. This episode is not investment advice. It's time to listen and learn. ----- About Anthony Anthony Scilipoti is one of the sharpest minds in investing. He's the President and CEO of Veritas Group of Companies. ----- Approximate Chapters: (00:00) Introduction (01:26) Early Career (02:53) The Enron Scandal (05:48) Lessons on Auditing (16:12) The AI 'Bubble' and the State of the Market (18:46) Ad Break (20:50) The AI 'Bubble' and the State of the Market (Cont.) (28:12) Parallels Between the Fall of Nortel Networks and the Current AI Economy (35:15) Ad Break (36:10) Parallels Between the Fall of Nortel Networks and the Current AI Economy (Cont.) (39:14) Investing Rules for Better Investments (42:14) Red Flags to Look Out for When Investing? (45:56) The Rise and Fall of Valeant Pharmaceuticals (53:04) Is a Complicated Corporate Structure Bad? (55:54) Companies Don't Start Out Being Crooked (57:53) Why is EBITDA a Disastrous Measurement? (1:00:47) How Should Investors See Stock Options / How to Account for Stock Options (1:06:30) What Incentives to Look for in a Company When Investing? (1:11:31) The Rise of Index Investing (1:15:41) Buybacks and Share Count (1:21:21) What Makes Warren Buffett a Unique Investor? (1:26:58) The Power of the Retail Investor (1:32:30) What Is Success for You? ----- Thank you to the sponsors for this episode: Basecamp: Stop struggling, start making progress. Get somewhere with Basecamp. Sign up free at http://basecamp.com/knowledgeproject reMarkable: Get your paper tablet at https://www.reMarkable.com today .tech domains: Nothing says tech like being on .tech https://get.tech/ ----- Upgrade: Get a hand edited transcripts and ad free experiences along with my thoughts and reflections at the end of every conversation. Learn more @ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠------Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠------Follow Shane ParrishX ⁠⁠⁠⁠⁠@ShaneAParrish⁠⁠⁠⁠⁠ Insta ⁠@farnamstreet⁠ LinkedIn ⁠Shane Parrish Learn more about your ad choices. Visit megaphone.fm/adchoices