Speaker
Marley Kayden
Appearances over time
2 episodes
Episodes
2
Podcasts
Quotes & moments
Tech companies accounted for the largest share of cuts as they restructured headcount around automation and artificial intelligence initiatives.
SpaceX will report its first post-IPO earnings on August 4th, triggering its unique insider lockup expiration mechanism.
Insiders can sell 20% of their eligible locked-up stock — totaling up to 911.5 million shares — on August 6th, the second full trading day post-earnings.
The 400,000 figure is significantly lower than the nearly 700,000 job cuts announced during the same five-month window of 2025.
An additional 10% of locked-up shares could be freed if SpaceX closes at least 30% above IPO price for 5 of the 10 trading days heading into the report.
The strong demand positioned the debut of the Honeywell-backed firm as one of the largest offerings the quantum sector has ever seen.
According to S3 Advisors, about 260.6 million SpaceX shares are sold short, representing roughly 32% of the publicly tradable float.
The opening surge propelled the company's total market valuation above the $17 billion mark.
The notional value of short bets against SpaceX has reached approximately $25 billion, up sharply from the prior month.
SpaceX short interest surged from an estimated 40 million shares (about 6% of float) to roughly 260.6 million shares (32%) in just one month.
As of Tuesday's close, SpaceX shares have fallen nearly 40% from their all-time closing price of $211.39 set on June 16th.
Anthropic sent a letter to the U.S. Senate alleging Alibaba carried out the largest known distillation attack against it to date.
Temporary U.S. tariffs brought under Section 122 of the Trade Act of 1974 will expire at 12:01 a.m. Eastern on Friday unless Congress intervenes.
President Trump imposed a 50% tariff on most Canadian goods, citing discriminatory Canadian trade barriers on American auto, dairy, and alcohol industries.
Wall Street expects Alphabet to report EPS of approximately $2.87 on revenue of $117 billion, with growth of more than 20% on both top and bottom lines.
Corporate layoffs rose in May, and for the third consecutive month, companies cited AI restructuring as the primary reason for these job cuts. Tech firms lead the workforce reductions even as they aggressively ramp up AI developer hiring.
Quantinuum priced its upsized IPO at $60 per share, raising $1.68 billion in one of the largest sector offerings ever. The stock surged 10% on its first day, indicating massive investor hunger for next-generation hardware.
Semiconductor giant TSMC is struggling to build enough capacity to fulfill US orders. Despite these major supply bottlenecks, the company is avoiding price hikes and instead focusing profit on record employee bonuses.
Cattle futures faced pressure after a rare New World screwworm case was confirmed in Texas for the first time in a decade. This parasite poses a major threat to a US cattle herd already at a 75-year low.
SpaceX reports its first post-IPO earnings on August 4th — and the clock immediately starts on a massive insider unlock. Up to 911.5 million shares, representing 20% of eligible locked-up stock, become sellable on August 6th, with a potential additional 10% freed if the stock holds 30% above IPO price.
Short interest in SpaceX has surged from roughly 6% of the public float just a month ago to 32% today, representing $25 billion in notional bearish bets. That's despite CEO Elon Musk warning short sellers they 'won't survive.'
Treasury Secretary Scott Bessant has warned the U.S. could sanction Chinese AI companies for improperly using American AI models. The warning comes after Anthropic told the Senate that Alibaba executed what it called the largest known distillation attack against it to date.
Temporary U.S. tariffs under Section 122 of the 1974 Trade Act expire at 12:01 a.m. Friday with no congressional action expected. New duties will likely come under Section 301, framed around alleged forced labor — and a 50% tariff on most Canadian goods is already in place.
Analysis
What they talk about
- Business 37%
- Technology 36%
- Government 27%
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