John Pederson turned $2,000 into $41,000 by betting on daily snowfall totals and sports using Kalshi, a prediction market. He developed his betting strategy with the assistance of AI while recovering from a car crash.

In the last 30 years, the number of public companies has been cut in half. The situation has gotten so bad that the Wilshire 5000 index, founded in 1974 to track the broadest portfolio of all US publicly traded stocks, now listsonly about 3700 stocks! In my latest piece in

If oil prices reach $150 a barrel, it would trigger a global recession, according to BlackRock CEO Larry Fink. He stated that ongoing threats from Iran and sustained high oil prices would have significant implications for the world economy.

Cryptocurrencies are often promoted as the future of money, but concerns about their volatility, usability, and reliability remain. The notion of "getting left behind" in adopting cryptocurrencies contrasts with the belief that their benefits will persist regardless of early adoption.

Bitcoin fell below $61,000, marking a decline that has erased all gains since Donald Trump's election. The cryptocurrency dropped as much as 4.8% to $60,033, reaching its lowest value since October 2024 amid increased market turbulence and unwinding of leveraged bets.

UC-Berkeley’s Nicholas Weaver argues that cryptocurrency is fundamentally flawed and predicts it will lead to disaster. Recent market events have illustrated significant risks, as the cryptocurrency sector experienced a substantial sell-off.