Grit Capital

Bill Ackman is one one of the greatest investors ever 📈

This is a HUGE development for the fight against Alzheimer’s 🤞🤞🤞

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Investing is hard.

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Probably nothing 👀

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Things aren’t going well for Boeing 🤯

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What a WILD story 🤯

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Comment “MASTERCLASS” if you want to learn how to invest in multiple market sectors like Warren Buffett

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What would you do with this much cash?!

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Comment “MASTERCLASS” below to sign up for our latest course on Mastering The Market Sectors.

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. For GRIT’s full disclaimer, please visit https://gritcap.io/disclaimer-policy

Billionaire investor Stanley Druckenmiller has significantly reduced his investment in chipmaker Nvidia due to concerns about the artificial intelligence (AI) boom being overhyped in the short term.

Druckenmiller, known for his successful investment strategies, made the decision to cut back on his Nvidia position after the stock surged from $150 to $900. While acknowledging Nvidia’s role in the AI market, he believes the current excitement surrounding AI may be excessive but remains optimistic about its long-term potential.

Druckenmiller was initially introduced to Nvidia by a colleague in 2022 and has since increased his position substantially. Despite scaling back his investment, he still sees AI as a significant opportunity, comparing its potential impact to that of the internet.

Druckenmiller also holds positions in other tech giants like Microsoft and Alphabet, viewing them as AI plays. With a storied career that includes managing George Soros’ Quantum Fund and making notable investment bets, Druckenmiller’s insights offer valuable perspectives on the tech and investment landscape.

Source: CNBC



Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. For GRIT’s full disclaimer, please visit https://gritcap.io/c/disclaimer-policy

Comment MASTERCLASS below to sign up for our new course: Mastering The Market Sectors

Discover the keys to diversified investing with our dynamic email course

This course teaches you how to invest in sectors other than technology

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. For GRIT’s full disclaimer, please visit https://gritcap.io/disclaimer-policy/

Federal prosecutors are pushing for a three-year prison sentence for Binance founder Changpeng Zhao, who pleaded guilty to violating money laundering laws and sanctions.

They argue that a shorter sentence wouldn’t adequately reflect the seriousness of his offenses. The Department of Justice cites Zhao’s deliberate actions to flout U.S. laws for business gain, highlighting over 100,000 unreported suspicious transactions and nearly $900 million in transactions with Iran.

They stress the need for a significant sentence to deter similar behavior among executives of financial institutions. Zhao’s sentencing is scheduled for April 30.



Source: Forbes

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Comment “news” to receive a daily FREE financial newsletter delivered straight to your inbox to stay up to date with all the latest financial news.

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. For GRIT’s full disclaimer, please visit https://gritcap.io/disclaimer-policy/

This won’t end well.

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Express, a longtime mall retailer, has filed for Chapter 11 bankruptcy protection but aims to be saved by a group of investors, led by brand management firm WHP Global, who plan to acquire the company.

As part of the bankruptcy process, Express will close 95 of its own stores and all UpWest locations, with closing sales starting imminently. However, remaining stores will continue operating as usual. The bankruptcy filing is intended to facilitate the sale of most of Express’ retail stores and operations to the investor group, which includes WHP, Simon Property Group, and Brookfield Properties.

Express has secured $35 million in new financing from existing lenders and $49 million in cash from the IRS related to the CARES Act. CEO Stewart Glendinning expressed optimism about the move, emphasizing the strengthening of the company’s financial position and its ability to continue business initiatives.

Express’ financial struggles stem from declining sales over the past few years, exacerbated by debt and costly mall leases. The acquisition of Bonobos last spring was seen as an attempt to bolster its business amid challenges.

Bankruptcy will provide relief by allowing Express to exit expensive leases and make it more appealing to potential buyers. Kirkland & Ellis, a prominent law firm, is representing Express in the bankruptcy proceedings, with Moelis & Co. as its investment banker and M3 Partners as its financial advisor.



Source: CNBC

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Big earnings week ahead. Giddy up!

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Oil futures are poised for a weekly decline as traders see limited risk of Israel’s strike on Iran escalating into a wider conflict. Both U.S. crude and Brent have fallen around 3% since last Friday.

Market sentiment has shifted from fear to relief following Israel’s interception of Iran’s attack. Prices have slightly risen but largely erased the risk premium.

Experts suggest a low likelihood of all-out war in the Middle East. Israel’s measured response indicates a move towards de-escalation. Despite reports of explosions near Iran’s nuclear site, both capitals downplay events, suggesting a decrease in tensions.

Israel’s retaliation marks a shift from a “shadow war” to direct conflict. The U.S. reaffirms support for Israel but remains uninvolved in offensive operations against Iran.



Source: CNBC

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. For GRIT’s full disclaimer, please visit https://gritcap.io/c/disclaimer-policy

Comment “DIVIDENDS” below and get our Master Guide to Dividend Investing sent directly to you 👇

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Price of oil is soaring due to recents events in the Middle East causing a supply shock. 📈

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Costco, known for its budget-friendly offerings, has expanded its healthcare services by partnering with Sesame, a platform connecting consumers with medical providers.

Following customer demand, they now offer a three-month weight loss program, including consultations and prescriptions for GLP-1 drugs like Ozempic, targeting Costco’s 130 million cardholders.

Despite its $179 price tag, the program doesn’t cover medication costs, which can be substantial. This move taps into a growing trend of GLP-1 prescriptions, with projections estimating a significant rise in users by 2030.

Other players in the health and fitness industry, like WeightWatchers and luxury gyms, are also adapting to accommodate the demand for these medications.

Source: CNN



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SBF has been sentenced for one of the biggest financial crimes in history.

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Larry Fink, CEO of BlackRock, emphasizes the urgency of addressing the retirement crisis in his 2024 Annual Chairman Letter. He compares the scale of this crisis to that of the 2008 mortgage crisis and advocates for a national effort to ensure dignified retirement for future generations.

Fink proposes solutions such as encouraging personal retirement investments and reevaluating the retirement age, considering the strain longer life expectancies place on Social Security.

He highlights challenges like affordability, lack of access to retirement plans, and barriers to enrollment, suggesting that making retirement investment the default option for employees and facilitating portability of retirement accounts between jobs could help.

Fink acknowledges the political difficulty of raising the retirement age but suggests exploring options to incentivize longer working lives. Ultimately, he argues that addressing the retirement crisis is essential not just for economic reasons but also to restore trust between generations and provide hope for the future.



Source: CNBC/USA Today

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Tech insiders are selling like crazy.

Do they know something that we don’t know?

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Larry Fink shares a dire warning for investors and the American public. 🧐

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Comment “COIN” to get the ultimate beginner’s guide to investing in Bitcoin.

Cathie Wood is known for making bold predictions. For example, she predicted Tesla would hit $2,000 before it did. She has been mocked for this predictions, and she adds this bitcoin one to the list.

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Comment “GAINS” below and we’ll send you our free beginner guide to investing so you can become financially literate

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Shareholders of Digital World Acquisition Corp. approved a merger with Donald Trump’s social media company, potentially giving him a windfall of over $3 billion.

The merger, expected to lead to the publicly traded company Trump Media, could see Trump owning nearly 80 million shares.

However, there are uncertainties regarding the share price and Trump’s ability to sell shares immediately. The merged company’s board, possibly comprising Trump allies, could decide to lift restrictions on share sales.

This move could provide Trump with significant cash flow, which he may need to cover legal expenses and civil judgments against him. Despite Trump’s claim of having substantial cash reserves, legal battles over a massive civil fraud judgment in New York are ongoing.

Source: CNBC

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Comment “COIN” below to get the Grit Bitcoin investing guide 👇👇👇

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This is a historic moment in the history of the human race. 🤯

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This is huge for Mr. Beast and Amazon.

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