BlackRock has poured more than a trillion dollars into seven of the largest technology names in the world. In its latest fourth-quarter 13F filing with the U.S. Securities and Exchange Commission (SEC), the world’s largest asset manager disclosed that it has gobbled up a total $1.596 trillion position across Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL/GOOG), Meta (META) and Tesla (TSLA). At the top of BlackRock’s portfolio is Nvidia, as the firm holds 1,943,812,884 shares valued at about $362.5 billion. NVDA represents 6.13% of the asset manager’s portfolio. Next is Apple, where BlackRock owns 1,154,665,731 AAPL shares…
Author: Henry Kanapi
A widely followed market strategist says Retail investors are buying the dip in software stocks at a pace rarely seen before. In a new post on X, The Kobeissi Letter editor-in-chief Adam Kobeissi tells his 1.3 million X followers that individual investors have poured record sums into the iShares Expanded Tech-Software Sector ETF (IGV), even as the sector reels from a steep pullback. “Retail investors are buying US tech stocks at an unprecedented pace: retail purchases of the Software ETF, IGV, are up to a record +$176 million over the last month. This is more than DOUBLE the previous peak…
Former US Congressman Ron Paul warns that a monetary shift made more than five decades ago is now reaching its breaking point. In a new interview with Tucker Carlson, Paul revisits the moment in 1971 when President Richard Nixon ended the dollar’s convertibility into gold and warned that the consequences are still unfolding. More than five decades after the event, he says that America’s day of reckoning is now on the horizon. “And it was so clear-cut to me that bad stuff is going to happen from this. And we’re approaching that time when bad stuff is going to happen…
Elon Musk says xAI is building a project that could eventually emulate entire companies whose output exists purely in digital form. Speaking at xAI’s all-hands meeting, Musk says the firm is working on an internal effort known as “Macrohard,” calling it potentially the company’s most important long-term initiative. He says the idea centers on reproducing the full operations, from coding to management, of firms that do not manufacture physical products. “The Macrohard project, over time, actually, will probably be our most important project, because what we’re talking about is the emulation of entire human companies. So when you look at…
US-based crypto exchange Coinbase is rolling out a new wallet designed specifically for the use of AI agents. In a new post on X, Coinbase CEO Brian Armstrong announces the launch of what the company is calling an agentic wallet or Awal. “AI Agent wallets are here. Try it out – import the skills.” Erik Reppel, head of engineering at Coinbase Developer Platform, says Awal is built to let AI agents send, receive, pay and trade on-chain while still remaining under human oversight. “Agents need to: send, receive, pay, trade. Now they can. Introducing Awal, an agentic wallet purpose built…
Two men who call themselves “The Housing Guys” are facing decades in prison after pleading guilty to stealing millions from a Medicaid housing program. The U.S. Department of Justice says Anthony Waddell Jefferson, 37, and Lester Brown, 53, both of Philadelphia, pleaded guilty to wire fraud after defrauding Minnesota’s Housing Stabilization Services (HSS) program of approximately $3.5 million. According to court documents, the pair set up businesses in Minneapolis and enrolled as providers under the HHS program, which is designed to help people with disabilities, including seniors and individuals with mental illnesses and substance use disorders, find and maintain housing.…
Two high-profile AI researchers are issuing dire warnings about the progress of artificial intelligence after leaving their respective companies. In a new post on X, Anthropic AI safety engineer Mrinank Sharma says his last day at the firm was on February 9th, noting that it was time for him to move on. Before leaving, he warns that the world is facing a cocktail of existential threats. “I continuously find myself reckoning with our situation. The world is in peril. And not just from AI, or bioweapons, but from a whole series of interconnected crises unfolding in this very moment. We…
Elon Musk is addressing mounting questions inside xAI after a wave of high-profile departures. Speaking at the company’s all-hands meeting, Musk says the exits are a byproduct of growth, not instability, as the artificial intelligence startup restructures to operate at a larger scale. xAI Yuhuai “Tony” Wu left earlier this week. Hours later, fellow co-founder Jimmy Ba also departed. Earlier co-founder exits include Kyle Kosic in June 2024, Igor Babuschkin in August 2025, Christian Szegedy in February 2025 and Greg Yang in January 2026. Musk says the changes reflect the company entering a new phase of development. “As we grow…
The US job market is far weaker than previously thought, as new data shows a massive downward revision in labor gains last year. The latest report from the Bureau of Labor Statistics shows that the US added just 181,000 jobs last year, down sharply from the initially reported 584,000. Wellington-Altus chief market strategist James E. Thorne says the figure translates to an average of 15,000 jobs added per month. “The US economy added just 50,000 jobs in December and a total of only 181,000 for all of 2025, the weakest annual job growth outside a recession since 2003… By any…
Trillion-dollar asset manager Allianz is sounding the alarm about a growing disconnect inside the US economy. In a new CNBC interview, Mohamed El-Erian, chief economic advisor at Allianz, says the economy may be repeating a pattern that has preceded several major downturns, but with a potentially more dangerous twist this time. El-Erian says his biggest macro concern is the widening gap between strong headline economic growth and a weakening labor market. “So my biggest worry on the macro is this decoupling of strong GDP from the labor market. This is really consequential in terms of economic, social and political implications.…
