Hacker News with Generative AI: Finance

Behind Musk's X Turnaround: Pick-and-Choose Financials (bloomberg.com)
Even as Elon Musk’s X Holdings Corp. basks in a valuation facelift, the social-media platform remains mired in debt and its improved fortunes owe much to heavily adjusted financials and investors’ fear of missing out.
Finance, Social Media, Elon Musk, Business, Valuation
12 points by toomuchtodo 2 hours ago | 9 comments
Palantir Drops 10% on Report of Pentagon Slashing Budget (msn.com)
Finance, Military, Palantir
62 points by taimurkazmi 17 hours ago | 74 comments
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel? (nytimes.com)
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.”
Economy, Currency, Finance, Government
5 points by johnny313 17 hours ago | 1 comments
Building a Bitcoin Exchange with FOSS BTC Pay Server (btcpayserver.org)
Bitcoin, Cryptocurrency, Open Source, Finance
26 points by BitcoinNewsCom 1 day ago | 5 comments
Ask HN: Is there any encrypted portfolio tracker available? (ycombinator.com)
Hi hn, over the years I have interacted with the stock market as well as cryptocurrencies but I have never put any serious effort on tracking this portfolio.
Finance, Privacy, Tools, Investing
9 points by AlexITC 1 day ago | 2 comments
Libra Token's Co-Creator Claimed He Paid Argentinian President Milei's Sister (coindesk.com)
A key player behind the Libra token bragged about buying access to Argentine President Javier Milei's inner circle months before the memecoin's scandalous launch and crash.
Cryptocurrency, Argentina, Politics, Finance, Scandals
8 points by locallost 1 day ago | 3 comments
The Unicorns Are Zombies (bloomberg.com)
Somewhat surprisingly, the phrase “zombie unicorn” does not appear in the Money Stuff archive. “Blood unicorn,” sure, in Greek even. “Vampire unicorn,” once. “Ghost unicorn” too. “Decacorn,” absolutely. “Centicorn,” yes. “Double eagle unicorn,” for some reason.1 But here’s the first “zombie unicorn,” from Bloomberg’s Katie Roof:
Finance, Startups, Technology
10 points by ioblomov 2 days ago | 2 comments
Elon Musk's Doge Targets US Gold Reserves (ibtimes.co.uk)
Billionaire Elon Musk's Department of Government Efficiency (DOGE) has been driving massive changes across US federal agencies and institutions in an attempt to trim unnecessary spending and redundant workforce for transparency and enhanced operational throughput.
Elon Musk, Government Efficiency, US Government, Finance, Cryptocurrency
12 points by monsterRest 2 days ago | 3 comments
Musk signals DOGE could look into gold at Fort Knox (thehill.com)
Tech billionaire Elon Musk signaled Monday that he will be looking into Fort Knox, where the United States has a massive and heavily secured gold reserve.
Elon Musk, Cryptocurrency, Gold, Finance
9 points by koolba 2 days ago | 1 comments
PG&E reports profit of more than $2B for 2024 (mercurynews.com)
PG&E reported on Thursday that it had a profit of just under $2.48 billion in 2024, an increase from the $2.24 billion the company earned in 2023.
Business, Finance, Energy, California
30 points by ssuds 3 days ago | 27 comments
Meta's Awful 'Horizon Worlds' Ad Helps Explain $70B Metaverse Loss (forbes.com)
This is supposed to be a “pivotal” year for the metaverse, according to the company that spearheaded the concept, Meta, even renaming the entire company after the idea. But if you want to check in on its flagship product, Horizon Worlds, you will quickly understand why this division of the company has lost nearly $70 billion over the last few years.
Meta, Metaverse, Virtual Reality, Business, Finance
37 points by ChrisArchitect 3 days ago | 19 comments
Man who lost $800M Bitcoin in landfill wants to buy the garbage dump (cnn.com)
Cryptocurrency, Finance, Technology, Environmental Issues
10 points by teleforce 3 days ago | 10 comments
Making Markets on Kalshi (rlafuente.com)
Markets, Prediction Markets, Finance
54 points by andes314 4 days ago | 26 comments
Stock Market and Financial Data API (financialdata.net)
Our API provides access to a variety of financial information.
Finance, APIs, Data
70 points by financialdata 4 days ago | 12 comments
California homeowners to fund half of high-risk insurer's $1B 'bailout' (calmatters.org)
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than three decades.
California, Insurance, Finance, Climate Change
36 points by JumpCrisscross 5 days ago | 44 comments
Trump says military spending could be halved, defense stocks drop (cnbc.com)
Politics, Finance, Military
24 points by ivewonyoung 5 days ago | 2 comments
Jane Street's Figgie card game (figgie.com)
Jane Street's fast-paced Figgie game simulates exciting elements of markets and trading. At Jane Street, Figgie is a game we teach and also one we really enjoy playing.
Games, Finance, Trading
472 points by eamag 5 days ago | 117 comments
"the Zooms don't show up" Jamie Dimon (mediaite.com)
JP Morgan Chase CEO Jamie Dimon torched young staffers for wanting to work from home, tearing into employees who opposed the bank’s mandate requiring all hybrid workers to return to the office full-time by March.
Business, Finance, Leadership
41 points by deathtrader666 6 days ago | 73 comments
The IRS Is Buying an AI Supercomputer from Nvidia (theintercept.com)
As the Trump administration and its cadre of Silicon Valley machine-learning evangelists attempt to restructure the administrative state, the IRS is preparing to purchase advanced artificial intelligence hardware, according to procurement materials reviewed by The Intercept.
Artificial Intelligence, Government, Technology, Finance
48 points by jbegley 6 days ago | 68 comments
New Bitcoin ETF Promises 100% Downside Protection Against Price Volatility (coindesk.com)
A new bitcoin-focused exchange-traded fund issued by global investment management firm Calamos hit the market on Wednesday.
Bitcoin, Finance, ETFs, Cryptocurrency, Investment
3 points by PaulHoule 6 days ago | 2 comments
Gold Is Worth More in New York (bloomberg.com)
Gold Is Worth More in New York
Gold, Commodities, Finance, New York
152 points by ioblomov 7 days ago | 133 comments
California's Fair Plan Gets $1B Bailout (nytimes.com)
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers.
California, Insurance, Wildfires, Finance, Government
5 points by lxm 7 days ago | 1 comments
Court Documents Shed New Light on DOGE Activity at Treasury Department (zetter-zeroday.com)
New court documents shed light on what a 25-year-old DOGE employee named Marko Elez did inside Treasury Department payment systems. They also provide extensive new details about which systems Elez accessed, the security precautions Treasury IT staff took to limit his access and activity, and what changes he made to the systems. The documents indicate that the situation at Treasury is more nuanced than previously reported.
Cryptocurrency, Government, Security, Finance, Legal
104 points by jbegley 7 days ago | 45 comments
Musk staffer 'mistakenly' given ability to edit Treasury Dept payment system (abcnews.go.com)
A 25-year-old associate of Elon Musk and former Treasury Department employee was "mistakenly" given the ability to make changes to a sensitive federal payment system, officials with the Bureau of the Fiscal Service disclosed in a series of court filings late Tuesday.
Security, Government, Elon Musk, Finance, Treasury Department
14 points by gopalakrishnans 8 days ago | 0 comments
Elon Musk revoked $80M in FEMA funding from NYC bank accounts (comptroller.nyc.gov)
“This morning, my financial team shockingly uncovered that President Trump and his crony Elon Musk illegally executed a revocation of $80 million in congressionally-appropriated FEMA funding from New York City’s bank accounts late yesterday afternoon. This is money that the federal government previously disbursed for shelter and services and is now missing. This highway robbery of our funds directly out of our bank account is a betrayal of everyone who calls New York City home.”
Politics, Finance, Government Funding
42 points by fcq 8 days ago | 17 comments
Startup Funding Roadmap (anyonyashraya.com)
This is a concise roadmap to help founders navigate the fundraising journey, from pre-seed to IPO. It provides actionable insights into funding sources, equity dilution, pros and cons, best practices, and common pitfalls, enabling founders to make informed decisions at every stage. Note: Beyond securing capital, fundraising is about finding strategic partners who align with your vision and can drive long-term growth.
Startup Funding, Venture Capital, Business, Finance, Entrepreneurship
10 points by KuriousCat 8 days ago | 4 comments
With Attack on Consumer Bureau, Musk Removes Obstacle to His 'X Money' Vision (nytimes.com)
With Attack on Consumer Bureau, Musk Removes Obstacle to His ‘X Money’ Vision
Business, Elon Musk, Finance, Regulations, Technology
10 points by zzzeek 8 days ago | 1 comments
Congress Trade: Multiple Politicians Buy Palantir Stock (quiverquant.com)
Multiple politicians just disclosed purchases of Palantir stock for the first time this morning. This is the first time we have ever seen a member of Congress buy stock in the defense intelligence company.
Politics, Finance, Stock Market, Defense
6 points by ckardat123 8 days ago | 1 comments
Ask HN: Former employees' RSUs at risk after startup's IPO (ycombinator.com)
Hi HN,<p>A group of us, former employees of a startup that recently went public on Nasdaq, are seeking advice on how to navigate an unexpected RSU settlement process. We would appreciate insights from those with experience in equity compensation, tax law, or corporate governance.
Startups, IPOs, Equity Compensation, Finance
182 points by jameskuang 8 days ago | 163 comments
Dark Money Groups Want the Government to Bet Big on Crypto (jacobin.com)
Right-wing dark money groups are lobbying for the US and state governments to invest billions of dollars in Bitcoin reserves, jeopardizing public funds and the environment alike.
Cryptocurrency, Politics, Finance, Environmentalism
23 points by PaulHoule 9 days ago | 2 comments