fintech

A foray into fintech; a breakdown of the latest and greatest innovations in financial technology.

The AI Trade Just Broke. The New Test Is Revenue, Power, and Cash Flow.
Last week, Goldman Sachs’ prime brokerage book saw the largest technology-stock selloff on record. Rich Privorotsky, head of European FICC and equities trading at Goldman Sachs, gave the number in an interview from the bank’s London trading floor. He did not call it a correction or a pullback. He said the crowded “long AI, short everything else” trade was being painfully deconstructed.
By Jinabout 18 hours ago in Trader
The Casino Doesn’t Have to Cheat. It Just Has to Wait.
Lao Chen is a small business owner I know. He sells building materials, saved for more than a decade, and had 500,000 yuan in spare cash. In 2019 he went to Macau for the first time. When he came back I asked him how it felt. He said, “Not bad. I won 80,000.”
By Jin2 days ago in Trader
The Market Changed the Yardstick on Tencent
At the Hong Kong close on Oct. 21, Tencent closed at HK$393.8, down 4.04%, with a total market capitalization of HK$3.58 trillion. At the start of the year, the stock traded around HK$633.7, a market value of HK$5.76 trillion. The year-to-date decline is nearly 40%.
By Jin3 days ago in Trader
Anthropic’s $2 Trillion IPO Is the Most Absurd Bet in Wall Street History
The same company. Two valuations. A gap of more than tenfold. Investors expect an IPO valuation of about $2 trillion. That would surpass SpaceX’s $1.77 trillion to $1.8 trillion and make it the largest IPO ever. Independent financial research firm New Constructs values the company at only $150 billion, about 93% below the target. It calls the deal “the most absurd IPO of 2026” and “a first-of-its-kind test of investors’ judgment.”
By Jin11 days ago in Trader
One Sell Order, Five Markets: The Day the AI Trade Cracked
At 4:00 p.m. in New York on October 14, the Nasdaq closed at 26,692.87, down 1.88%. That was a drop of more than 510 points and its largest one-day fall since July 23. The S&P 500 fell 1.1%. The Dow fell 0.09%. The Philadelphia Semiconductor Index fell 4.30%. That close set the order book for Asia. By the time Seoul opened on October 15, the same trade was unwinding in Asia.
By Jin11 days ago in Trader
New Data Reveals Where U.S. Investors Are Using AI the Most
California leads the nation in a new analysis of where investors are using AI to inform investment decisions, but some of the strongest activity is taking place far beyond Silicon Valley and Wall Street. Ohio and Colorado tie for second in the nationwide ranking, with Florida and Texas rounding out the top five. New York, meanwhile, fails to crack the top 10.
By Karen Brind17 days ago in Trader
Warren Buffett Is Buying Homebuilders While the Housing Market Freezes. Here’s What He Sees.
In September 2026, the 30-year fixed mortgage rate climbed to 7.03%. It rose for the fifth week in a row. In July, new home sales fell 10.5% from the month before. Single-family housing starts dropped 15.7% from a year earlier. The median price of a new home fell to a five-year low. It was down 9.7% from its December 2025 peak.
By Jin18 days ago in Trader
She Said She Would Expose Her Former Boss on August 26. She Was Found Dead in the Mojave on August 24.
At 9:47 p.m. on August 24, California Highway Patrol officers found a car on the southbound side of Interstate 15 in the Mojave Desert. Inside was Hsin-Ju Chuang, 37. She was pronounced dead at the scene. Daytime temperatures there can approach 42°C. At night the desert cools, and the roadside has no shade.
By Jin22 days ago in Trader
Why Hong Kong Loved Tycoon Family Dramas — and Why Mainland China Often Struggles to Make Them Work
There is a particular kind of television drama that Hong Kong once made better than almost anyone else. Put a giant family business on the screen.
By Jin23 days ago in Trader
Geely Buys 30% of NIO Energy: What the Battery-Swap Deal Means for EV Drivers
On September 28, 2026, in Hangzhou, NIO and Geely Holding signed an agreement. Geely gave NIO Energy 100% equity in Yiyi Interconnect and RMB 640 million in cash in exchange for newly issued shares. After the deal, Geely holds 30%, NIO China holds 63.6%, and NIO Energy’s post-money valuation is about RMB 16 billion. NIO also received a 10% stake in Haohan Energy. Haohan Energy will use the funds to buy some charging assets from NIO.
By Jin26 days ago in Trader
SpaceX Just Declared War on Your Phone Bill
On August 4, 2026, during SpaceX’s first earnings call as a public company, President and COO Gwynne Shotwell said SpaceX plans to build ground infrastructure that complements its satellite internet service and compete directly with major U.S. mobile carriers. She said the three largest carriers generate hundreds of billions of dollars in annual revenue and that SpaceX expects to attract a significant share of their customers.
By Jin27 days ago in Trader
BOS vs. CHoCH: Decoding Institutional Confirmation and Reversal Signals
In Part 1, we learned that a trend remains intact until its structural framework is validated or broken. If you can define the major swing points (the external structure), your next task is to identify when those points are breached.
By Junaid Ali (Official)28 days ago in Trader