Posts

Trading guru Peter Brandt warns winners of silver's epic rally to watch out

Image
Veteran trader Peter Brandt has warned winners from silver's rally to be careful. Jonathan Raa/NurPhoto via Getty Images Market veteran Peter Brandt has urged those who've profited from silver's rally to be careful. The trading guru said that price peaks rarely last and assets can give up all of their gains. Silver, gold, and other metals have soared this year, partly because investors use them as hedges. A Wall Street veteran warned jubilant silver traders to be careful after a searing rally in the precious metal's price — days before it went into reverse. Writing on X over the weekend, Peter Brandt congratulated those who've won big by betting on silver and platinum in recent months, but cautioned the market could quickly turn on them. "Being right is fun," he wrote. "But know this -- moves can far exceed anything expected. And tops come quickly when they come. And retracements are almost always full." Early on Monday, the market ...

Sources: Nvidia is in advanced talks to acquire Tel Aviv-based AI21, which is building its own LLMs, for $2B to $3B; the deal would resemble an acquihire (CTech)

Image
CTech : Sources: Nvidia is in advanced talks to acquire Tel Aviv-based AI21, which is building its own LLMs, for $2B to $3B; the deal would resemble an acquihire   —  EXCLUSIVE: The move would mark Nvidia's fourth major Israeli purchase and signal the limits of Israel's LLM ambitions. from Techmeme https://ift.tt/V3hOiCS

Meet Lululemon founder Chip Wilson, who just launched a proxy fight to shake up the athleisure giant's board

Image
Lululemon founder Chip Wilson in 2017. Jim Bennett/Getty Images Chip Wilson founded Lululemon Athletica Inc. in 1997 after selling his first apparel  company. During his tenure, Wilson became known for his controversial remarks and mishandling of company scandals. Since leaving, Wilson has been vocal about his negative views of Lululemon's leadership and recently launched a proxy fight. Lululemon 's billionaire founder, Chip Wilson, has been the center of both acclaim and controversy. The 70-year-old entrepreneur was at the forefront of the movement that turned women's activewear into everyday apparel. The booming athleisure market is estimated to reach $623 billion by 2030, according to a November 2025 report . And Lululemon is a big part of that market. Popular items, like the brand's leggings, develop cult followings and become status symbols among certain demographics, like Gen Z. But Wilson has also been a poster child for corporate controversy. Over t...

I've eaten my way through all 50 states. These 5 had surprisingly incredible food.

Image
Out of all 50 states, a few have really stood out to me for their culinary offerings. Abby Price After visiting all 50 states, I'd say five have pleasantly surprised me with their local cuisines. Oregon, Connecticut, and South Carolina have some incredible local dishes and specialties. Wyoming is home to my favorite restaurant, and I've loved checking out the food scene in New Mexico. Visiting all 50 states was always a dream of mine, but growing up in a small town in Virginia, I never imagined I'd check them all off in my mid-20s. When my husband and I had the chance to work remotely, we set out to see the entire country, and I had no idea how much food would shape that journey. States famous for their food scenes, like New York, Hawaii, Louisiana, and Texas, all lived up to their reputations. However, many of the meals I think about the most came from places I never expected. These five states gave me some of the best meals of my life — but, in my opinion, do...

'This world is insane': Miss Universe contestants reveal the chaos behind this year's pageant

Lou Gerstner, a former IBM CEO and chairman credited with turning the company around, died at 83; IBM's market value rose from $29B to ~$168B during his tenure (Patrick Oster/Bloomberg)

Image
Patrick Oster / Bloomberg : Lou Gerstner, a former IBM CEO and chairman credited with turning the company around, died at 83; IBM's market value rose from $29B to ~$168B during his tenure   —  Louis Gerstner, who took over International Business Machines Corp. when it was on its deathbed and resuscitated it as a technology industry leader, died Saturday. from Techmeme https://ift.tt/mXxGl83

China is going after US defense firms and execs over weapons sales to Taiwan — and Palmer Luckey's on the list

Image
Palmer Luckey, founder of defense tech firm Anduril Industries. PATRICK T. FALLON/AFP via Getty Images China imposed sanctions on several US defense firms and executives on Friday. China's foreign ministry said the move came in response to US arms sales to Taiwan. The sanctions list includes Boeing's St. Louis branch, as well as Anduril founder Palmer Luckey. China announced sanctions against 20 US defense companies and 10 senior executives on Friday, citing US arms sales to Taiwan as its motive. In a statement, China's foreign ministry said its assets within China, including movable and immovable properties, would be frozen and that domestic organizations and individuals would be prohibited from doing business with them. Individuals named on the list would also be denied visas and entry to the country, the ministry added. The sanctions list includes Northrop Grumman Systems Corporation, Boeing's St. Louis branch, Epirus , and Anduril Industries founder Pa...