📈 Buffett's $325B Warning Sign

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Good morning & Happy Friday!

Warren Buffett’s cash hoard is sparking speculation, and SEC Chair Gary Gensler announces his resignation. Plus, we dive into fraud charges against Indian billionaire Gautam Adani and a space-startup raising $44M to revolutionize global logistics

Grab your double espresso and let's get into it! ☕️👇️

Markets

📈 Dow, S&P 500 jump after Nvidia earnings, while Alphabet tumbles
Wall Street seesawed amid big tech drama. Nvidia's earnings and a DOJ push to break up Alphabet rocked markets Thursday. The Dow surged over 1.1%, the S&P 500 rose 0.5%, and the Nasdaq barely stayed positive. Nvidia impressed with strong profits but flagged slowing revenue growth, citing supply chain snags.

🏦 SEC Chair Gary Gensler resigns
SEC Chair Gary Gensler announced on X that he will step down on Jan. 20, aligning with President-elect Trump’s inauguration. Gensler’s tenure, which began in April 2021, was marked by bold rule-making and enforcement efforts that frequently clashed with Wall Street industry groups, leaving a lasting imprint on financial regulation.

⚠️ Buffett’s $325 Billion Cash Hoard Is an Early Warning Signal
Warren Buffett’s $325 billion cash stockpile—his largest ever—has been turning heads, especially as his favored valuation metric (market value vs. US economy size) hits record highs. While some speculate he’s preparing for a market downturn, Buffett’s approach appears more nuanced.

🇮🇳 Indian Billionaire Indicted for Fraud, net-worth drops $12 billion
Indian billionaire Gautam Adani faces U.S. fraud charges, with arrest warrants issued for him and his nephew over a $265 million bribery scheme tied to power-supply deals. This marks the second major crisis in two years for Adani’s empire, triggering a sharp market selloff in Adani Group stocks and the cancellation of a major Kenyan airport project.

🛰️ Startup raises $44 million to deliver items from space
Space-based delivery just got a boost. Inversion, a Los Angeles startup, has raised $44 million in Series A funding from Spark Capital and Adjacent to revolutionize cargo logistics. Their small spacecraft, capable of storing goods in orbit for up to five years, promise to deliver critical items—like medicines or military drones—anywhere on Earth within an hour. With precise reentry tech, these vehicles aim to "glide" supplies straight to their destination.

Quick News

• A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy.

• The Indonesian government expects Apple to increase its proposed $100 million investment into the country, according to state media, as the iPhone maker seeks clearance from Jakarta to sell its latest phones.

• Solana (SOL) reached a new all-time high of $263 more than three years after it last peaked.

• If you want to optimize your life, it's essential to understand the concept of Return on Effort. The higher your ROE, the more you get out of your effort.

• Dogecoin Has Soared by 324% In 2024. Is It a Better Buy than Bitcoin?

• Reddit shares fell 7.3% in premarket trading on Friday. They climbed 16% during regular trading on Thursday.

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