Financial World Updates
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๐Ÿ‡บ๐Ÿ‡ธ Trump says tariffs will replace income tax.


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๐Ÿ‘ฃ JPMorgan $JPM CEO Jamie Dimon said he is starting to see parallels between today's market and the era before the 2008 financial crisis.

"Unfortunately, we did see this in โ€™05, โ€™06 and โ€™07, almost the same thing - the rising tide was lifting all boats, everyone was making a lot of money.โ€


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๐Ÿšจ WiseTech to cut 2,000 jobs as CEO says manual coding era is 'over'.


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Iran set to buy supersonic anti-ship missiles from China.


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CIA alerted Apple and Nvidia to Taiwan invasion risk

According to The New York Times, the CIA informed Apple, Nvidia, and AMD in 2023 about the possibility of a Chinese invasion of Taiwan by 2027.

Taiwan produces about 97% of the worldโ€™s most advanced chips, and any disruption could trigger a global economic shock.

The goal was also to encourage companies to diversify their production chains.


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The Australian government has told families of Australian diplomats in Israel and Lebanon to leave the two Middle East countries, citing a "deteriorating security situation" in the region.

The government has also offered voluntary departures to Australian diplomatsโ€™ dependents in the UAE, Jordan, and Qatar.


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๐Ÿˆ Someone created a new Polymarket wallet "dfhgdhfthrfhr" and spent $180K betting that the U.S. will not strike Iran by March 4, 2026.


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๐Ÿ‡จ๐Ÿ‡ณ๐Ÿ‡บ๐Ÿ‡ธ China warns it will retaliate if the US imposes new tariffs.


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๐Ÿ‡บ๐Ÿ‡ธ Bank of America predicts Gold will reach $6,000 within the next 12 months.


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Top AI companies to sign deal to build their own electricity supply for data centers:

โ€ข xAI
โ€ข Meta
โ€ข Oracle
โ€ข Google
โ€ข OpenAI
โ€ข Amazon
โ€ข Microsoft


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๐Ÿˆ ๐Ÿ‡บ๐Ÿ‡ธ 1,500+ americans become millionaires every day.


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๐Ÿ‡บ๐Ÿ‡ธ The dollar could drop 10% in 2026 if the Fed eases rates more aggressively than markets expect under new leadership, per State Street.


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An anonymous trader used a new wallet to bet $50.7K that Axiom would be accused of insider trading, with odds at only 15.1%.

This sparked speculation about potential inside information, leading many traders to follow his bet and push Axiom's odds even higher than Meteora.
He then closed his position and made $39K in one day.


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๐Ÿšจ Bloomberg says to not touch crypto as companies and exchanges are using fake ledger to give fake Bitcoin sales.


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๐Ÿ‡ฐ๐Ÿ‡ท South Korean stocks hiting an all-time high, pumping 9 months straight following the surge demand for AI, memory chips and semiconductors.


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๐ŸŽƒ๐ŸŽ„๐ŸŽ†๐Ÿงจโœจ๏ธ

Berkshire Hathaway is sitting on about $382 billion in cash and Treasuries. Thatโ€™s the biggest corporate cash reserve in U.S. history.

Why so big?

Berkshireโ€™s businesses keep generating massive profits, and Buffett hasnโ€™t found enough attractive deals. At the same time, heโ€™s been selling stocks for eight straight quarters, including cutting Apple by roughly 75% and trimming Bank of America and others. He also slowed share buybacks.

The reason is simple: valuations look high. Buffett would rather hold cash than overpay.

Heโ€™s done this before. Before the dot-com crash. Before the 2008 crisis. Before the 2022 bear market. Each time, he built cash when markets were expensive and deployed it when fear created discounts.


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๐Ÿ‡ฐ๐Ÿ‡ท Korean Stock Exchange (KOSPI) hit a record 6,308, as Samsung became the first South Korean company to reach a $1.03T market value.


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๐Ÿ‡บ๐Ÿ‡ธ US Initial Jobless Claims:

Actual: 212k
Expected: 215k


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$NVDA sinks at the open despite a Q4 earnings beat and optimistic guidance.


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