Founder of Bpackwater Erik Prince Speaks to PBD - Video
@misc By SmoothCheese 7 hours ago
Salesforce CEO Marc Benioff is buying huge amounts of land in Hawaii
@misc By Gravity 23 hours ago
While normal, middle-class Americans struggle to buy starter homes or even just afford rent, American billionaires are busy buying up huge tracts of land all over the world for nebulous reasons. Case in point: Salesforce CEO Marc Benioff, who is estimated to be worth over $10 billion, is said to be buying up huge chunks of land in Hawaii. Why? Nobody knows and Benioff wonÂ’t say why.
NPR was the first to report that the billionaire had recently bought Â“at least 38 parcels of landÂ” using six anonymous Â“limited liability companies, or LLCs, and one nonprofit.Â” That land, much of which is located on the Big Island and encompasses large portions of the city of Waimea, amounts to nearly 600 acres and is estimated to be worth almost $100 million.
Some of the land, about 223 acres, was donated to an affordable housing non-profit last year. However, the other land acquisitions remain a mystery. The journalist behind the NPR story, Dara Kerr, was able to secure an interview with Benioff at one of his residences on the island. Benioff spent most of their chat talking about his philanthropic efforts but dodging direct questions about what the land heÂ’d purchased was for. Kerr writes:
Benioff deflects the majority of my questions to talk about his philanthropy...How he has donated millions to the fire department Â— his beachside home has nearly burned down. How his philosophy is to give unconditionally without expecting anything in return. How he has donated around $100 million in Hawaii and has been able to remain anonymous until now.
...When I ask Benioff about the properties in the anonymous LLCs, things seem to take a turn. He starts speaking more quickly and fidgets with a piece of paper in his hand. HeÂ’s reluctant to go through the holdings, and his adviser on the Zoom call jumps in to say we can discuss later.
Kerr also notes that Benioff knew a creepy amount about herÂ—including the neighborhood she was staying in when she visited for the interview, as well as Â“personal detailsÂ” about her and her family. Kerr says she left the interview feeling Â“disconcertedÂ” and unclear about the purpose of BenioffÂ’s land procurements. Later, after the interview, Kerr and a photographer were confronted by one of BenioffÂ’s employees while attempting to take pictures of some of the properties pertaining to the story. Benioff then texted Kerr to tell her that his employee had caught her Â“snooping,Â” and the billionaire proceeded to contact KerrÂ’s boss about the incident. Kerr writes:
The following day, I drive around with a photographer to take pictures of the town and BenioffÂ’s projects. We go to the property he described as a community center and are confronted by one of his employees. The photographer explains weÂ’re there to take photos of the outside of the building. Shortly afterward, I get a text from Benioff. His employee seemed to think we were Â“snooping,Â” and he says heÂ’s escalating the incident to NPR CEO John Lansing. Lansing confirmed he spoke with Benioff, without going into detail Â— the NPR newsroom operates independently, and the CEO is not involved in editorial decision-making. Benioff didnÂ’t respond to my question about the purpose of this call.
Benioff isnÂ’t the only wealthy American participating in obscene land grabs. Buying land for dumb reasons is very in vogue with the rich these days. No better example of this exists than California Forever, the quixotic real estate project backed by Silicon Valley billionaires that have hoovered up hundreds of acres of Bay Area land for the purpose of turning it into a new city.
A gaggle of other nabobs have similar ambitions. ThereÂ’s Dryden Brown, a wealthy 27-year-old who claims he wants to build a new Â“crypto cityÂ” with other peopleÂ’s money. ThereÂ’s Marc Lore, a former Walmart executive and the co-founder of Diapers.com, who says he wants to build a Â“sustainableÂ” city in Appalachia. And thereÂ’s Kanye West, who wants to build a new city in the Middle East; the rapper says his metropolis will be called DROAM and will span at least 100,000 acres.
While itÂ’s tempting to envision what kind of Fyre-fest-on-steroids DROAM might be, I present an alternate plan of action: Have the federal government tax the wealthiest Americans at 90 percent and use the proceeds to subsidize affordable housing. I think thatÂ’d be a whole lot more effective than waiting for the worldÂ’s richest idiots to figure out how urban planning works.
↪ https://qz.com/salesforce .. aii-1851295540
Coinbase Users Experienced Â“IssuesÂ” as Bitcoin Price Rises
@misc By ThesOne 1 day ago
Coinbase GlobalÂ’s apps are recovering after the crypto exchangeÂ’s users experienced issues with the service for hours on Wednesday, chief executive Brian Armstrong said on the social-media platform X.
Some Coinbase users reported seeing zero balances in their accounts and having trouble buying and selling cryptocurrencies. Armstrong said the platform had experienced a large surge in traffic.
Downdetector also reported outages at Coinbase.
Â“We are starting to see Coinbase.com activity normalizing. We will continue to monitor our systems and provide updates,Â” the company said in a status update.
Shares of Coinbase rose about 1% to $200.80 on Wednesday. Bitcoin surged as high as $64,037 before retreating to just above $60,000, according to CoinDesk data.
↪ https://www.wsj.com/livec .. JToBFv2g3bnOam
Thread is dedicated to group think around great financial habits and tips. Let's keep it clean and motivating fellas
Took a small dip for breaking habit and carrying a balance (I just forgot to pay during the holiday) but the rebound was nice. Back on my journey to 850.
Warning only take advice in this thread from those who are transparent about where they are: good or bad
Insiders are Dumping Shares: From Congress to Big Tech
@misc By ItAlY2BkLyN 1 week ago
The trend of share dumping that we saw this week with Amazon (AMZN) CEO Jeff Bezos and META CEO Mark Zuckerberg continues in Congress - with a massive sale volume filed by Senator Tuberville.
WeÂ’ve also continued to see many interesting developments within the alternative data we scrape and publish. HereÂ’s a snapshot of what we saw in some of our datasets last week:
LAST WEEKÂ’S CONGRESSIONAL TRADES
Insights from our Congress Trading Dashboard
Senator Tommy Tuberville filed 58 sales across multiple sectors, including Adobe (ADBE), Eli Lilly (LLY), and Monster (MNST). His only purchases were of Apple (AAPL) and Proctor and Gamble (PG). Tuberville is known for being one of the most successful congressional investors and across 4 different committees, serves on 9 subcommittees.
Representative Kevin Hern filed purchases of JP Morgan (JPM) and Costco (COST) and sales of Exact Sciences (EXAS) and Vuzix Corporation (VUZI). Since his sales, EXAS and VUZI have dropped over 25%. Hern has a trade volume of $109.01M since he entered Congress in 2018.
Senator Shelley Moore Capito filed sales of Eversource Energy (ES) and Enbridge (ENB). Capito serves on the Committee on Commerce, Science, and Transportation.
Representative Scott Peters filed a large purchase of private fund Lynett Capital Partners. Peters sits on the Committee on Budget.
Representative Josh Gottenheimer filed 22 security purchases, including Taiwan Semiconductors (TSM) and multiple energy sector companies. He also filed 12 security sales, including Tesla (TSLA) and SPX Technologies (SPXC). Gottenheimer sits on the Committee on Financial Services and had the highest trade volume in Congress in the last year.
Representative Jonathan Jackson filed 4 security purchases, including Lam Research Corporation (LRCX) and Regeneron Pharmaceuticals (REGN). He also filed sales of Wayfair (W) and BP PLC (BP). Jackson sits on the Committees on Foreign Affairs and Agriculture.
To see more details about their trades, and how theyÂ’ve performed since, check out our Congress Trading Dashboard.
BEHIND THE CURTAIN HIGHLIGHTS
Insights from our Behind the Curtain Dashboard.
We are combining the data we've been collecting on corporate lobbying, congressional stock trading, and proposed legislation to allow you to track what is going on behind the scenes in Washington, D.C. You can use this tool to see which bills are being considered by Congress, which publicly traded companies are lobbying on those bills, and which congressmen have traded stock in those companies.
The FAA Reauthorization Act of 2023 currently has 4 publicly traded companies lobbying and 146 relevant congressional trades. Companies involved include Lockheed Martin (LMT) and Textron (TXT)
The DRUG Act currently has 6 publicly traded companies lobbying and 292 relevant congressional trades. Companies involved include Bristol-Myers Squibb (BMY) and Merck & Co (MRK)
The Mining Regulatory Clarity Act of 2023 currently has 2 publicly traded companies lobbying and 36 relevant congressional trades. The companies involved are Barrick Gold Corp. (GOLD) and Newmont Corporation (NEM).
Check out the Behind the Curtain dashboard for a full breakdown.
STOCK SCREENER TEASER
QuiverÂ’s stock screener allows you to see a ticker across dozens of datasets, including price changes, liabilities, social mentions, governmental involvement, insider trading, and more.
Looking at Amazon (AMZN), we can see they currently have 1.53M employees, their revenue is $574.79B, and they have upwards of $300B in liabilities.
To search stocks of your choice and see their performance and stats across other factors, check out QuiverÂ’s premium options.
OPENAI'S ALTMAN & UAE TAKE ON GLOBAL CHIP SHORTAGE WITH MULTI-TRILLION DOLLAR INVESTMENT
Insights from the Quiver News Feed
Sam Altman, CEO of OpenAI, is no stranger to ambitious undertakings. Known for spearheading efforts to achieve human-level artificial intelligence, Altman is now setting his sights on a challenge that could fundamentally alter the technological landscape: reshaping the global semiconductor industry. This initiative, marked by its colossal scale, seeks to dramatically increase the worldÂ’s capacity for chip manufacturing, a move critical not just for powering AI technologies but for advancing a myriad of other sectors. With discussions underway to secure funding from a range of investors, including the government of the United Arab Emirates, the project's aspirations stretch into the trillions of dollars, aiming for a monumental investment that could total between $5 trillion to $7 trillion.
The impetus behind Altman's ambitious venture is twofold. On one hand, it addresses a bottleneck that has long constrained OpenAI's growth: the scarcity of advanced graphics processing units (GPUs) necessary for training large AI models such as ChatGPT. On the other, it seeks to preemptively counter the limitations imposed by the current size and capacity of the global semiconductor industry, which, despite expectations of growth, remains insufficient to meet the burgeoning demands of AI and other high-tech endeavors.
YÂ’all see OpenAI wants to raise $7 trillion for AI???
@misc By MANNYSOSA 2 weeks ago
That’s an insane amount of money for a single company right? Thats the economy of China right there. Is he on that good sh*t? I don’t think so
only remembered now cause I mentioned earlier to someone on here in the “stocks rise to fresh highs” Thread that what if the market is just re-rating to reflect the start of the AI era. Am I tripping? Cause then I saw these
Is sh*t about to get real?
This could be the biggest moment in human history and even that that might be understating it. Or are we cooked?
Spy at all time highs, crypto heading for a breakout
15 Easy Ways to Save Money
@misc By ThesOne 3 weeks ago
Saving money is a common goal. Who doesnÂ’t want more cash available to air out oneÂ’s budget, pay off debt, sock away for a future dream (whether thatÂ’s a month spent on the Amalfi Coast or an early retirement)?
Saving money is important for an array of reasons. It can allow you to pay for significant expenses without running up high-interest credit card debt.
It can offer peace of mind, since you know you can navigate rough times without hardship. And having more money in the bank can give you freedom of choice. You might leave a job you frankly hate without waiting until you land another one. You can also likely afford some luxuries for yourself and your family.
That said, you may fear that saving money means living so frugally that thereÂ’s never a fancy coffee or weekend getaway in your foreseeable future. But in truth, saving money can be fairly painless if youÂ’re smart about it.
Here, learn some clever, simple strategies for how to save money each month.
1. Tracking Your Weekly Spending
Looking at your spending on a weekly basis can feel more manageable than trying to keep track of a monthÂ’s worth of spending at a time.
ThatÂ’s not to say that you shouldnÂ’t budget on a monthly basis, but breaking your timeline into smaller segments can simplify the process.
You can track spending (including every cash/debit/credit card transaction and every bill you pay) by using an app, jotting down every purchase, or collecting all of your receipts and writing it all down later.
You might then set a certain day of the week to look over the weekÂ’s spending. This can be an enlightening exercise. Because spending can be so frictionless these days, many of us donÂ’t have a real sense of how much we are actually spending on a day-to-day basis.
Just seeing it all laid out in black and white can immediately make you think twice before you buy something nonessential and inspire you to become more intentional with every dollar.
2. Creating a Simple Budget
Once youÂ’ve mastered tracking your cash flow, and have a good idea as to your spending habits, you may want to take it one step further and set up a simple budget.
A budget is nothing more than setting limits for spending in different categories. To get started, youÂ’ll want to list all of your monthly expenses, grouping them into categories, such as groceries, rent, utilities, clothing, etc.
If your goal is to save some money every month, youÂ’re going to want to set a budget for yourself that includes an allocation to saving.
Next, you may want to tally up all of the income youÂ’re taking home each month (after taxes), and see how your monthly spending and monthly income compare.
If spending (including putting some money towards savings) exceeds income, the next step is to look at all your expenses, find places where you can cut back, and then give yourself some spending parameters to stick to each week.
3. Automating Savings
If you do nothing else to get yourself on the savings path, consider doing this.
Automating savings is a great way to remove a huge barrier to saving Â— forgetting to put that money aside, then ultimately spending it.
The reality is, we all live busy lives and while we may have every intention of stashing away cash, there are many reasons why itÂ’s hard to save money. It often doesnÂ’t happen without a plan.
Automating is an easy way to save money without ever having to think about it.The idea is to have money moved from a checking account and into a savings account on the same day each month, perhaps soon after your paycheck is deposited.
This way, the money is whisked from the checking account before it can be spent elsewhere.
If you are new to automating or have an irregular income, itÂ’s okay to start with smaller dollar amounts. Likely, you wonÂ’t even notice that the money is gone from your account, and youÂ’ll be able to increase that amount over time.
You can set up automatic transfers to your savings, retirement, and other investing accounts.
4. Planning Your Groceries
HereÂ’s another easy way to save money: Spend less on groceries by making a meal plan and a shopping list before you go to the store.
Without a list, you may be tempted to buy things that look good but that you donÂ’t need or canÂ’t use. Plus, you may end up having to go back to the store later, where you may be tempted to buy more things.
You donÂ’t have to be a pro at meal-planning. It can be as simple as picking a few recipes that you want to make throughout the week (making large enough portions to provide for leftovers is another way to save).
You can then write a list of the ingredients that youÂ’ll need, making sure to check your cabinets and use what you have first. Doing so is a life skill that can save you money.
You may also want to list exactly what snacks and/or desserts you plan to buy, so youÂ’re not overly tempted once you get to the chips or cookies aisle.
Another way to save money on groceries is to cut back on pricier items, such as meat and alcohol, and to go with store or generic brands whenever possible. With tactics like these, you could be saving money daily.
5. Negotiating Your Bills
Some of those recurring bills (such as cable, car insurance, and cell phone) arenÂ’t carved in stone.
Sometimes you can get a lower rate just by calling up and asking, particularly if the provider is in a competitive market.
Before calling, you may want to do a little research and know exactly what you are getting, how much you are paying, and what the competition is charging. You may also want to get competing quotes.
Even a small reduction in a monthly bill can save significant cash by the end of the year.
If you are experiencing hardship, you may also be able to negotiate down your electric and/or other utility bills by calling and explaining your circumstances. It never hurts to ask. The same holds true with doctorÂ’s charges: You may be able to negotiate medical bills as well.
6. Actively Paying Down Credit Cards
This might sound more like spending than saving, but if youÂ’re currently only paying the minimum on your credit cards, a big chunk of your payment is likely going towards interest. Chipping away at the principal can feel like a tall mountain to climb.
If possible, consider putting more than the minimum payment towards your bill each month. The faster those credit cards are paid off, the faster you can reallocate money that was going out the window (and into interest) into savings.
CanÂ’t seem to make a dent in your credit card debt? You might want to look into a zero-interest balance transfer offer, using a lower-interest personal loan to pay off the debt, or finding a debt management plan.
7. Canceling Subscriptions
It can be all-too easy for money to leak out of your account due to sneaky subscriptions.
From unused gym memberships to shopping subscription programs, subscription bills (even small ones) can rack up quickly because they come every single month without fail.
The first step is to cancel any of which no longer serve you. Try to be honest with yourself: Are you likely to start going to the gym? Could you work out at home instead?
If youÂ’re looking to save money faster, you might consider making a sacrifice on a subscription that you do enjoy. For example, maybe you pay for Netflix, Hulu, and Disney+. Is it possible to use just one or two, instead of three? That could be a good way to save on streaming services.
8. Renewing Your Library Card
If youÂ’re a reader and love books, one creative way to save money is to dig out your library card, or if you donÂ’t have one, stop in to apply for a card.
The library can be a great resource for more than books. For example, you can often access magazines, newspapers, DVDs, music, as well as free passes to local museums.
These days, you can typically get many of the benefits of being a card-holder without ever actually going to a branch. You can often get audio books and e-books, as well as access to online publications and online entertainment (via services like Hoopla and Kanopy), all from your computer or phone. Cost: Zero.
9. Shopping for Quality
Buying well-made, durable items instead of cheap, trendy, or single-use items may mean spending a little more up front.
But this can be a shrewd money move that can save you a bundle over the long run because you wonÂ’t have to repeatedly make the same purchases.
Buying a few classic, well-made pieces of clothing you will wear for a few years, for example, can end up costing less than picking up eight or ten cheaper, trendier items that youÂ’ll end up replacing next year.
It may also pay off to spend a little more for appliances that are known for being reliable and lasting a long time and have great customer reviews, than buying the cheapest option.
Shopping for quality takes some education and practice, but it can be a worthwhile skill that your wallet will appreciate.
10. Pressing Pause on Big Purchases
Making impulse purchases can wreck a budget. ThatÂ’s why if youÂ’re tempted to buy an expensive item that is more of a Â“wantÂ” than a Â“need,Â” you may want to give yourself some breathing room, and allow the initial rush to wear off.
For example, you might tell yourself that youÂ’ll wait 30 days and if, after the waiting period is over, you still want the item, you can get it then.
During that time you may lose interest in the item. If, however, you still want it in a month, thatÂ’s a good sign that this purchase will add substantial value to your life, and isnÂ’t just a fleeting desire. If you can make room for purchase in your budget, then go for it.
This helps you make spending decisions from a slower, more thoughtful place, and can be a huge help in learning to budget and save money.
11. Round up Purchases
A painless and fun way to save money can be by rounding up purchases. You can do this in one of two ways.
12. Look into Refinancing Your Loans
Interest rates go up and down, and there may be an advantage to refinancing your loans if you can find a lower rate and/or a shorter term. Doing so could save you considerable money in interest over the life of the loan, whether thatÂ’s a mortgage, car payment, or student loan.
13. Bundle Your Insurance Policies
You may be able to whittle down your bills by combining your insurance policies (typically home and auto) with one company. Typically, when you do so, you can reap a solid amount of savings.
14. Gamify Savings
Many people find it helpful to give themselves monthly challenges to save money. It can make the pursuit of spending less more fun and can get your competitive spirit going.
For example, one month, you could vow not to get any takeout coffee and put the savings in the bank. The next month, you could vow to not take any rideshares and instead walk or take public transportation. Again, youÂ’d put the cash saved in the bank.
15. Go Fee-Free
It can be wise to take a look at your financial institution and see how much you are paying in fees. There can be everything from overdraft charges to out-of-network fees to foreign transaction costs. In addition, your account might be hit with monthly maintenance or minimum balance fees. All of that can add up.
You might want to shop around for a new banking partner if youÂ’re getting a*sessed a number of these charges.
Why Saving Money Is Important
Why go to the trouble of pinching pennies like this? Saving money is important for several reasons.
Finding a Good Place to Grow Your Savings
Even if youÂ’re only putting a small amount of money into savings each month, over time, that account will grow.
One way to help it grow faster is to park the money in a place where you wonÂ’t accidentally spend it and where it can earn more interest than a typical savings account.
You might consider opening up a high-interest savings account, money market account, online savings account, or a cash management account.
You may find that separating your savings, and watching it grow, keeps you motivated to save.
In some cases, you may be able to create Â“bucketsÂ” within your account, and even give them fun names, such as Â“Sushi Tour in JapanÂ” or Â“My Dream HouseÂ” that can help keep you motivated.
Saving may not seem nearly as fun as spending, but it can give you the things you ultimately want, whether thatÂ’s a posh vacation, a downpayment on a new home, or a comfortable retirement.
And, there are plenty of ways to save money that donÂ’t require sacrifice. You can use a mix of short-term strategies (like spending less every time you go to the supermarket) and long-term moves (like paying down debt and buying higher quality goods) to achieve your goals.
↪ https://www.sofi.com/lear .. N&product=bank
Feb 9 - New cryptocurrency Pandoshi nears presale completion, 8,000 holders in one month
@misc By 2Pac Cares 3 weeks ago
SPY ATH in February leads to more gains
@misc By ahonui06 3 weeks ago
$GME (GameStop) The sh1t is happening again FOMO
@misc By sosokid 4 weeks ago
Not Financial Advice
If you remember the GameSpot short squeeze in 2021,, then you might want to take a good look at this. Robinhood and Citadel fu*ked over a lot of people. But this time, they canÂ’t do sh*t.
It launched 7 days ago and $GME have 5+ CEX listings, 5 articles written including the Nasdaq.
No dev, no allocation, no paid influencers or celebrities that hold 10-20% of supply to fu*king dump on everyone, 9800+ telegram members
Welcome to the short squeeze
Chart:↪ https://dexscreener.com/s .. vbAggHGsMYiHsB