Tuesday links: blown up portfolios

Markets saw a rise in real yields, with a majority of stocks exceeding their year-to-date performance. The large initial public offerings (IPOs) mirror the market's perspective on the current climate. Cryptocurrency company Liberty Financial forfeited $100 million due to suspected money laundering. Trump Media & Technology Group ($DJT) suffered significant unrealized losses on digital assets.

Prediction markets witnessed a lawsuit from flight-tracking service FlightAware against Kalshi. Anthropic CEO, Tarek Mansour, discussed the company's pre-IPO investor meetings. Shein's IPO timing is questioned in a PitchBook article. Anthropic is in discussions with potential investors ahead of its IPO. Nvidia ($NVDA) is actively facilitating financing deals for third parties.

Nvidia's CEO, Jensen Huang, faced questions about the company's strategy. Ben Thompson explored the evolving relationship between Anthropic and OpenAI. Demitri Hassabis stepped back from his role at Google ($GOOGL). Meta ($META) is heavily investing in open models. Amazon ($AMZN) is constructing a data center that could emit more carbon than any other power plant in the United States.

Research links include discussions about zero-sum propositions and workforce participation trends. Adviser links focus on empathy and communication strategies. Estate sales have become somewhat competitive, according to a Wall Street Journal piece. Consumers are developing a fear of bold colors, as noted in The Atlantic. Art of Manliness shared advice on avoiding line congestion.