A new trend in real estate is making the most expensive properties obtainable. Itās called co-ownership, and itās revolutionizing the $1.3T vacation home market.
The company leading the trend? Pacaso. Created by the founder of Zillow, Pacaso turns underutilized luxury properties into fully-managed assets and makes them accessible to the broadest possible market.
The result? More than $1b in transactions, 2,000+ happy homeowners, and over $110m in gross profits for Pacaso.
With rapid international growth and 41% gross profit growth last year, Pacaso is ready for whatās next. They even recently reserved the Nasdaq ticker PCSO.
But the real opportunity is now, before public markets. Until 5/29, you can join leading investors like SoftBank and Maveron for just $2.80/share.
This is a paid advertisement for Pacasoās Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.
š° Market Headlines
Markets slid on Wednesday ahead of Nvidia's highly anticipated earnings report.
Nvidia shares rose 5% on an earnings report that was “good enough to avoid disappointment,” according to analyst Ryan Mellor.
āTACOā hits Wall Street ā and Trumpās nerves. Wall Street has a new term for Trumpās tariff moves: TACO, for āTrump Always Chickens Out.ā The acronym reflects Trumpās pattern of threatening steep tariffs, waiting for markets to panic, and then backing off, sending stocks soaring. When asked about it this week on live TV, Trump called the question ānastyā and insisted itās just negotiation. Hereās the original clip.
US trade court rules Trump must take down tariffs. The court stated that he didnāt have the authority to enact them in the first place. The White House was given 10 days to stop the tariffsābut Trump has already appealed the ruling. Furthermore, hereās why Goldman Sachs thinks the White House will find a way around it using four key tools.
Elon Musk is officially leaving the Trump administration. The news comes just one day after the Tesla CEO expressed disappointment with Trumpās recent bill: āI think a bill can be big or it could be beautiful, but I donāt know if it could be both,ā he said. Alternative press covered whatās next for the worldās richest man here.
š± Fear and Greed Index
š§ Make yourself heard
How do you feel about āTrump Always Chickens Outā?
Meta AI just reached a massive new user count milestoneāhereās whatās next for Zuckerbergās tech titan.
President Trumpās āOne Big Beautiful Billā set a 10-year freeze on state AI laws, threatening over 60 existing rules on algorithmic bias and public-sector AI.
Honor entered robotics with its $10 billion AI push, helping Unitree break the humanoid speed record at 4 meters per second.
Infosys launched Agentic AI Foundry to deploy custom AI agents, cutting support times by 50% and boosting customer satisfaction by 24% for early users.
Patria Investments raised $314 million for its first Latin America-focused private credit fund and has already lent out half the capital.
Bravo Property Trust secured $400 million from a Middle Eastern sovereign wealth manager to fund US property loans in the bridge, multifamily, and healthcare sectors.
š Most Penny Stocks are Trashābutā¦
A lot of the time, itās best to stay away from penny stocks.
But AltIndex gave some of them a really high AI score using a combination of alternative data and technical analysisāso weāre paying attention to them.
Want to see which penny stocks the AI is a fan of?
Secretary of State Marco Rubio announced restrictions on foreign officials who “censor Americans,” including those targeting US tech companies.
President Trumpās administration ordered US chip designers to halt sales to Chinese groups, according to the Financial Times.
Congress introduced the ANTE Act, aiming to close loopholes that let China-backed firms dodge Section 301 tariffs by shifting production to third countries.
Metalayer Ventures closed a $25 million fund to back crypto infrastructure, stablecoins, and tokenization that connect traditional finance and blockchain.
President Trumpās administration scrapped Biden-era crypto rules for 401(k)s, saying fiduciaries, not DC bureaucrats, should decide investments.
Ā š”Ā Ideas, trends, and analysis
Read why McKinsey has lowered its employee count by 10%.
73% of Americans reported they were “doing OK or living comfortably” in 2024, up slightly from 72% in 2023, according to the Federal Reserve's annual survey.
The United States captured more than a third of the world's millionaires and billionaires in 2024.
International tourism spending fell by $8.5 billion in 2025, with European bookings dropping 10% and Canadian visits plunging 33%.
š International Markets
š³š± ASML called out the Dutch government for unstable tax policy after the expat tax break was revised four times in three years before being partially restored.
šØš³ China secured new economic deals with Southeast Asian and Middle Eastern nations to boost trade, supply chains, infrastructure, and finance at the Asean-China-GCC Forum.
š The ILO cut its 2025 global job growth forecast to 1.5%, projecting 53 million jobs instead of 60 million as trade tensions and a weaker outlook pulled growth down to 2.8%.
šĀ Recommended Reading
Do you like newsletters? We do.
We put together a list of newsletters that our readers tend to enjoy, covering topics like:
šø Finance š¤ AI š°ļø Wealth building ā¤ļø Health ā And more.
Check them out to add more high-value reading to your daily routine.
āTrump is a transactional person who can't help himself. He must be on the “winning” end of any relationship. The win can't be powerful either. It has to be tactile, favors, goods, and transactions. However, he then brags about how he 'won', because he's a tactless buffoon, and grates the relationship of all but them most sycophantic tin-pot-dictators. ā
šĀ Market movers
e.l.f. Beauty bought Hailey Bieberās Rhode for $1 billion, gaining a Gen Z brand that brought in $212 million last year.
Ford recalled 1.1 million vehicles over a rearview camera glitch, with update letters going out June 16 and fixes arriving in Q3.
General Mills signaled layoffs with a $70 million severance charge as shoppers shift to cheaper brands and growth slows.
Stellantis dropped Amazon for Googleās Android in its car software after a stalled three-year partnership, but kept AWS for cloud services.
š Earnings this week
e.l.f. Beauty posted fiscal 2025 net sales growth of 28% and Q4 sales up 4%; shares jumped 6%.
Nvidia crushed estimates as data center sales rocketed 73%; the stock climbed about 3% after hours.
Abercrombie & Fitch smashed Q1 expectations, fueled by a 23% surge in Hollister comparable sales; shares catapulted 32%.
Salesforce raised its fiscal 2026 outlook after a Q1 revenue beat; shares advanced 3% in late trading.
Dickās Sporting Goods saw Q1 net sales rise 5.2%, marking a fifth straight quarter of 4%+ comp growth; shares wobbled, closing down 1%.
š¦ļø Curated Finance Twitter Roundup
Weāve gone through and picked out some Twitter posts we think youāll get value from.
