When people hear “insider trading,” they think of Congress.
And sure, Pelosi’s Tempus AI trade and Susie Lee’s arms stock gains are sketchy.
But here’s what most don’t realize: Congress isn’t the worst offender.
The real whales are corporate execs who trade on non-public info legally and have to report their trades within days, thanks to an SEC loophole.
They know exactly when market-moving news is coming:
A pharma CEO before FDA approval
A tech CTO before a product drop
A CFO before a blowout quarter
When they buy shares? It’s not a hunch. It’s a sure thing.
Veteran trader Ross Givens has spent years tracking these moves. His strategy — follow the smart money — has delivered gains of up to 1,500% on a single trade. And it hasn’t had a losing year.
US stock futures slipped overnight as Wall Street's optimism about weathering President Trump's tariffs began to wear thin.
The Dow, S&P 500, and Nasdaq 100 futures all fell about 0.1%.
Nvidia just made $3.1B on a startup it also supplies chips to. Coreweave’s share price has exploded from $40 to over $160 since March—turning Nvidia’s $250M anchor investment into a $3.1 billion win. That’s not just a nice trade—it's also a strange dynamic, since Nvidia sells Coreweave a massive amount of chips. Even after those gains, AltIndex still rates Coreweave a buy (see below).
China’s refusal to export rare earth is already shutting down car factories. China supplies about 60% of the world’s rare earth materials, and its new export restrictions are slamming the auto industry—both electric and gas-powered. Some European plants have already gone offline, with German automakers warning of much bigger supply chain breakdowns ahead.
Trump and Warren: “Kill the debt limit.” Elon: “KILL the BILL.” President Trump and Senator Elizabeth Warren both say it's time to remove the debt ceiling entirely, while Elon Musk remains loudly opposed to the massive “Big, Beautiful Bill” that would raise the debt limit by $4 trillion. Some say his outrage could boost Bitcoin’s appeal as a safe haven—here’s a breakdown of what’s driving the speculation.
The rise (and lightning-fast fall) of recession odds has been astounding over the past month.
From an almost 70% chance of recession at the start of May to a 28% chance right now, it feels like we’re always just one good (or bad) trade deal away from a huge swing.
Sentiment is up at the moment, but here are 5 interesting recession indicators to look out for in the coming months (have you seen Big Mac prices lately)?
Recent college graduate unemployment has surpassed the national rate for the first time since record-keeping began in 1980.
Twelve major retailers and manufacturers have confirmed price hikes in response to tariffs.
🌍 International Markets
🇯🇵 Bank of Japan Governor Kazuo Ueda indicated readiness to raise rates once convinced that economic growth will re-accelerate after a period of stagnation.
🇮🇳 India's central bank weighed loosening its bank ownership rules as foreign interest grows.
🇩🇪 German stocks soared 0.8% and nearly reached an all-time high after the government approved a €46 billion ($53 billion) tax relief package.
🎤 What you said last time
“When the US can no longer sell bonds, it’s going to make the tariff crashes look like a rounding error.”
🚚 Market movers
Reddit sued Anthropic for allegedly using site data to train AI models without proper licensing.
Kimberly-Clark (Kleenex maker) will sell a majority stake to Suzano, a Brazilian pulp maker.
The FDA upgraded Williams Farms’ tomato recall to Class 1 across Georgia and the Carolinas due to potential salmonella contamination.
Microsoft cut 305 more jobs at its Washington State headquarters this week.
📊 Earnings this week
ChargePoint reported a revenue decline of 8.8% for Q1, missing analysts' expectations by 2.78%, and shares jumped 13.16%.
Five Below outpaced Q1 forecasts with revenue up 19.5% and comparable sales increasing 7.1%; shares edged up 0.63%.
Dollar Tree posted Q1 earnings that beat Wall Street expectations, but shares plunged 8.5%.
MongoDB shattered Q1 expectations with earnings 50% above analyst forecasts and revenue growing 22%; shares rocketed more than 13%.
🐦️ Curated finance Twitter roundup
We’ve gone through and picked out some Twitter posts we think you’ll get value from.
Elon seems aligned with Coinbase’s Brian Armstrong on debt issue
