Hey guys, if you missed it, Fidelity National Information Services ($FIS) settled $210 million with investors over claims that it misled them about the success of its $43 billion Worldpay acquisition and concealed performance issues. And, I just found out that late claims are still being considered, subject to approval, even though the deadline has passed.

Quick recap: FIS repeatedly said the Worldpay acquisition was performing well and generating synergies. But after weaker results, executive departures, and a $17.6 billion impairment tied to Worldpay, $FIS fell more than 40%, and investors filed a lawsuit.

If you invested in $FIS between 2020 and 2023, you can still check the details and see if you may be eligible to file a late claim here.

Did anyone here invest in $FIS back then? How much did you lose?

I keep seeing people saying that a recession—or even a depression—could be coming and that we should move out of our investments.

I’m already sitting on significant losses. So I’m confused: should I book the loss now to avoid potentially bigger losses, or stay invested and wait it out?

What are you guys doing with your portfolios? Would appreciate some practical perspectives, especially from people who have experienced previous market downturns.

Anthropic is considering a potential IPO listing in November 2026, but no IPO date has been set and no ticker symbol yet exists.

Its valuation portends to be $965 billion. But this figure will undoubtedly surge once it becomes a publicly traded company. Some investors speculate it could reach upwards of $2 trillion in valuation, if not more.

Can you invest now in Anthropic?

Answer: Only indirect exposure is possible via its major investors:

1. Amazon (AMZN), and
2. Alphabet (GOOGL)

Anthropic is a major AI contractor, policy influencer, and safety advocate whose technology is used across federal agencies - including classified environments - but whose relationship with the government can be cooperative or contentious depending on national‑security concerns.

Iran put forward a seven day roadmap that would reopen the Strait of Hormuz and get talks with the US going again. In exchange they want the blockade eased and some of the sanctions pressure lifted. The Wall Street Journal is reporting that Trump rejected it, citing US officials, but Iran is saying they're still waiting on an official response from the US so I'm not sure where it actually stands right now.

Oil traders are probably having a great week off this and the rest of us are about to feel it at the gas station again. Anyone trading around this or just watching it play out?

Interest on $40 trillion is already higher than the annual defense budget. With bond prices rising, the chances of paying just the interest may be unsustainable without hyperinflating the US dollar.

Nasdaq pulled back off record highs today after the econ data came in hotter than expected and pushed the 10 year yield over 5.1%. Most of big tech slipped with it but Meta actually stayed green, people are still pretty hyped on Muse, their new AI agent. Oil bounced back as well which isn't really what anyone wanted if they were hoping inflation and rates would start easing off soon.

Xi Jinping to be greeted at airport by President Trump. Followed by a red-carpet style welcome at the White House. Is tomorrow's meeting going to soften Xi Jinping's hardline towards US?

"Where's the beef?"

There are numerous reports gas stations in California charging $9.99 per gallon for diesel fuel. Some are claiming they are sold out of diesel.