🚨 BREAKING EARNINGS: NVIDIA just posted another record-shattering quarter—$44.1 billion in revenue, up 69% year-over-year—despite a multibillion-dollar hit from new U.S. export restrictions to China.

Here’s what’s driving the numbers, the risks, and how NVIDIA is making it rain GPUs: NVIDIA’s Q1 2026 results blew past Wall Street’s expectations. Revenue hit $44.1 billion, a 12% jump from last quarter and 69% higher than a year ago, with adjusted earnings per share at $0.81 (or $0.96 if you exclude the $4.5 billion China-related charge).

Data center revenue, the engine of NVIDIA’s AI dominance, soared to a record $39.1 billion, up 73% year-over-year. Gaming and automotive segments also posted strong growth, showing NVIDIA’s reach beyond just AI chips.

🚨 BREAKING: While you slept, the price of credit default swaps on U.S. Government Debt has quietly risen to one of the highest levels since 2008.

This isn’t just market noise - it’s a warning signal about America’s fiscal health. Here’s what’s happening and why it matters: Credit default swaps are essentially insurance policies against government default.

When you see CDS spreads rising, it means investors are willing to pay more to protect themselves against the possibility that the U.S. might not be able to pay its debts.

The numbers are striking. It now costs about $51,330 annually to insure $10 million of U.S. government debt against default - up from roughly $29,000 in late 2024.

But what’s driving this sudden spike in perceived risk?

Something extraordinary is happening in Eastern Europe: Poland is on track to overtake Japan in GDP per capita by 2026.

Here's the full story of how Poland emerged from Soviet communism as one of Europe's poorest nations to now surpassing the world's former economic powerhouse. Just 35 years ago, Poland was emerging from Soviet communism as one of Europe's poorest nations.

The 1980s saw a country battered by inflation, food shortages, and a centrally planned economy that stifled innovation and individual ambition.

Japan, by contrast, stood atop the charts as a model of postwar prosperity—heralded for technological breakthroughs, global brands, and living standards considered out of reach for much of the developing world.

Yet today, against all odds, Poland is about to surpass this economic giant. How is this possible?

🚨 BREAKING: 23andMe, once a Silicon Valley darling valued at $6 billion, has been sold out of bankruptcy to Regeneron for just $256 million.

How will this Regeneron use your DNA? How did this happen? What's next? Here's the details: Founded in 2006, 23andMe pioneered direct-to-consumer DNA testing, making genetic insights accessible with a simple saliva sample and swab.

Backed by high-profile investors and Silicon Valley star power, it quickly became a household name, amassing data from over 15 million customers and hitting a $6 billion valuation after going public in 2021.

🚨 BREAKING: A staggering $600 billion investment the U.S. was announced during the Saudi-US Investment Forum in Riyadh.

The forum brought together senior U.S. and Saudi government officials and American CEOs like Elon Musk and Andy Jassy.

Here's everything you need to know: First, what is the Saudi-US Investment Forum?

The forum brought together senior government officials, Fortune 500 CEOs, global investors, and innovators to explore new opportunities for collaboration.

It’s a celebration of a strategic relationship that has driven prosperity for both nations, with American foreign direct investment in Saudi Arabia reaching $54 billion.

What’s the big picture here, and why does this matter now?

🚨BREAKING: This morning, Google quietly shipped its new “G” logo.

This marks the first major change to its globally recognized “G” icon in 10 years. Here’s what motivated the change and the monumental effort it took to get this done: With over 1,000 designers, rumors circulated that each designer owned exactly 1 pixel.

🚨 BREAKING: After months of mounting tariffs and diplomatic gridlock, the US and China have clinched a major new trade deal, ending two days of closed-door negotiations in Geneva.

Here’s everything you need to know about the deal, the implications and what could come next: The deal comes after both nations raised tariffs to above 100% - with the U.S. hitting Chinese imports at a record 145%, and China retaliating in turn.

This trade war had frozen $600B in annual trade and rocked global supply chains, leaving businesses and economies worldwide on edge.

Swiss officials hosted the high-stakes meetings, providing a neutral ground that both sides privately credited for a more productive atmosphere.

But what led to this sudden breakthrough, and why now?

It’s been 10 hours since India launched Operation Sindoor, a retaliatory strike following the deadly Pahalgam attack.

As tensions rise, the USA, China, Russia and others are being forced to choose sides.

Is war a possibility? How might the chips fall? Let's break it down: Israel has already thrown its weight behind India.

Ambassador Reuven Azar publicly stated that Israel supports India’s right to self-defense, framing Operation Sindoor as a justified strike against terrorism with the powerful line:

“Terrorists should know there’s no place to hide.”

This alignment isn’t just rhetoric. India and Israel share deep military and strategic ties, and this support could embolden India while painting Pakistan as a terrorism enabler.

It’s a significant diplomatic win for Delhi. But who’s backing Pakistan? Let’s look at the other side.

🚨 BREAKING: While you slept, India executed its most significant military operation in decades.

'Operation Sindoor' targeted terrorist infrastructure in Pakistan at 1:44 AM, striking the headquarters of groups linked to the Pahalgam attack.

Here are the latest developments: Indian officials described the operation as "focused, measured, and non-escalatory," emphasizing that no Pakistani military facilities were targeted.

According to India's Ministry of Defense, the strikes demonstrated "considerable restraint in selection of targets and method of execution."

Pakistan offers a markedly different assessment, with Prime Minister Shehbaz Sharif calling the strikes an "act of war."

The death toll stands at 8 civilians according to Pakistan, with 35 wounded. Prime Minister Shehbaz Sharif called it an "act of war" and promised a "forceful response."

🚨 ALERT: India has fired missiles into Pakistan, dubbed "Operation Sindoor"

With nuclear-armed neighbors now trading threats and strikes, the stakes have never been higher. How did we get here and what does this mean for India, Pakistan, and all of Asia? The full story here: The missile strikes hit nine sites across Pakistan and Pakistan-administered Kashmir early Wednesday.

According to India’s Ministry of Defence, these sites were used to plan and direct terrorist attacks against India. Notably, India claims it avoided Pakistani military targets, describing the operation as “deliberate, controlled, and aimed at avoiding escalation”.

🚨BREAKING: P Diddy's sex trafficking trial begins today.

The rap mogul turned down a plea deal and now faces potential life in prison. The allegations are shocking.

But what did Sean Combs do? And what could we learn during the trial? Here's everything you need to know: It all began in November 2023, when Diddy's former girlfriend Cassie Ventura filed a lawsuit alleging years of horrific abuse.

The accusations weren't pretty - they included beatings, r*pe, and forced participation in drug-fueled sexual performances called "Freak Offs."

What just happened between India and Pakistan?

After years of calm, the two neighbors are locked in an intense standoff, triggered by a deadly terror attack in Kashmir that killed 26 people.

What happened? Was Pakistan responsible? And what could happen next? The attack’s brutality and the targeting of civilians, especially tourists, marked a major escalation.

Indian authorities named three suspects, two reportedly Pakistani nationals, and launched a massive manhunt. The Resistance Front, a militant group believed to be a Pakistani jihadist organization, claimed responsibility.

India immediately blamed Pakistan for supporting “cross-border terrorism”, and responded with an aggressive set of measures...

I reviewed this list 4 years later.

Here’s what would’ve happened if you had invested in a portfolio of these stocks:

https://twitter.com/brianferoldi/status/1417460154078011400

Nearly every stock on this list has experienced a dramatic decline since July 2021, many by 70–95% or more.

Several companies (AYX, BOMN, WISH) have been delisted or acquired, often at prices well below their 2021 levels.

Most of these stocks were high-growth, speculative, or “story” stocks that peaked during the 2020–2021 bull market and have since suffered in a higher-interest-rate, risk-off environment.

Notable examples below…

🚨 China suspends US exports of rare earth minerals in response to Trump’s 145% tariff escalation.

Trump’s pro-tariff stance isn’t new—it’s a true belief he’s championed consistently throughout his career.

Here’s everything Trump has said and done on tariffs since the 1980s 🧵 Trump’s pro-tariff stance began in the 1980s, when Japan’s economic rise dominated global trade discussions.

Trump has never been shy about his opinions. In 1987, he took out full-page ads in major newspapers like The New York Times and Washington Post, criticizing U.S. trade policies:

He wrote, “Our politicians have done nothing about it. Japan gets everything it wants, and we get nothing.”

This was just the start of his decades-long crusade.

🚨BREAKING: Trump implements 90-day pause on reciprocal tariffs.

While markets are ripping, it comes with a dramatic escalation against China, which now faces 125% tariffs.

What could this mean? We looked at the 2018 U.S-China trade war to understand what might happen next 🧵 Trump’s decision to raise tariffs on China to 125% marks a sharp escalation in the ongoing trade war.

Beijing has already retaliated to the previous iteration of tariffs with their own measures, including an 84% tariff on U.S. goods and restrictions on key exports like rare earths.

By targeting China so aggressively while pausing tariffs for others, Trump is signaling a clear intent to isolate Beijing economically. How will they respond?

BREAKING: Apple is shifting more iPhone production to India to avoid U.S. tariffs on Chinese goods. By the end of 2025, one in four iPhones could be made in India.

What does this mean for India, China, and global manufacturing? 🧵 Today, China dominates global manufacturing with 28.8% share of output, more than 10x India's share. Its infrastructure, logistics networks, and skilled workforce are unparalleled.

However, labor costs in China have surged—factory workers earn $600+ per month, vs. $150-$300 in India...

For Apple, this shift is monumental. China has been the backbone of its production for decades, but rising tariffs and geopolitical risks make diversification essential.

Will Apple's gamble on India pay off?

🚨 S&P 500 futures fall more than 3%.

If it holds, this is the worst three day period in the stock market since 1987.

History never repeats itself, but it does rhyme. Here's the story of what happened on Black Monday, 1987: On October 19, 1987, the Dow Jones Industrial Average suffered a historic collapse, falling 22.6% in a single trading session.

This event, later dubbed Black Monday, erased more than $500 billion in market value in the U.S. alone and sent shockwaves through global financial markets.

It wasn’t just a U.S. phenomenon—this was the first truly global market crash.

The Dow Jones is down nearly 5% today - one of the worst days in stock market history.

History doesn't repeat itself, but if you listen closely, it rhymes.

Here's a list of the worst days in stock market history, detailing the events that caused these dramatic declines: Wall Street Crash of 1929

Black Thursday (October 24, 1929): A record 12.9 million shares were traded, starting the slide.

Black Monday (October 28, 1929): Dow fell 12.8%.

Black Tuesday (October 29, 1929): Dow dropped another 11.7%.

Cause: Excessive speculation during the "Roaring Twenties," margin buying, and economic weaknesses like overproduction and low wages. This crash marked the beginning of the Great Depression.

Just finished listening to a 4h 30min @AcquiredFM podcast on the complete history of IPL cricket.

Here's the full story of how one sports franchise became the fastest-growing league in the world, now on track to surpass the NFL 🧵

As always, ask your questions below: In 2007, Lalit Modi, an Indian media mogul, pitched a new cricket league that would forever change the sport.

Inspired by the NFL and EPL, his vision was huge - short, city-based matches with cheerleaders, Bollywood stars and primetime TV slots.

But how did it unfold?

I spent all of yesterday reading 80,000 pages of the newly released JFK files.

Here are 10 new things I learned that I did not know previously 🧵 1/ Lee Harvey Oswald's Surveillance: The CIA monitored Oswald's visits to Soviet and Cuban embassies in Mexico City weeks before the assassination, revealing unredacted details of his interactions with foreign officials.