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- The Rockefellers Will Pay No Estate Tax Again This Generation Because Nobody Technically Owns the Money . In 2026 One Couple Will Be Able to Seed the Same Trust With $30 Million .
The article argues that the Rockefeller family has used irrevocable trusts set up in 1934 to keep wealth out of estate taxes across generations, since beneficiaries hold interests while the trustee holds title. It says newer families must use their exemption to get comparable protection, because the generation-skipping transfer tax applies to trusts created after the grandfathered date. For 2026 the basic exclusion is $15,000,000 per person, so a married couple can combine exemptions to fund a dynasty trust with $30 million without gift or GST tax. By contrast, it calculates that leaving the same $30 million outright through two generations at a 40% estate tax rate would cost $19.2 million. The trade-off, it says, is that lifetime gifts keep the original cost basis instead of a step-up at death.
- Why Every Snap Investor Is Looking At This One Number
Snap (SNAP) stock fell 28% over the past 12 months, while the S&P 500 returned 17.0%, and the article focuses on Snapchat's direct subscription revenue. Of 971 million monthly active users in fiscal Q2 2026, fewer than 3% paid, but revenue outside advertising grew 85% to $316 million, led by Snapchat+, Memory Storage and Lens+, while ad revenue rose 9% to $1.28 billion. The net loss shrank to 4.9% of trailing revenue from 30% three years earlier, and the company has posted positive free cash flow for eight straight quarters and expects sustained positive net income from 2027. Management cited long-term app subscription penetration of 7% to 12% as a comparison point, and raised its full-year infrastructure cost forecast to $1.65 billion to $1.70 billion. Risks include several U.S. youth online safety trials scheduled for later in 2026 that could force product changes and affect user engagement.
- What Is The One Risk Every Home Depot Investor Should Know?
Home Depot shares have fallen 22% over the past twelve months, while the S&P 500 returned 17.0%, even though total sales rose 5.7% in the fiscal second quarter. On the August 18, 2026 earnings call, executives blamed a frozen housing market, with housing turnover at historical lows for four years, which is holding back demand for larger projects. Comp sales rose 1.7%, but customers made fewer trips: the average ticket climbed 2.8% while comp transactions fell 1.0%. Operating margin over the past twelve months was 12.4%, down from 14.9% three years ago, and the stock sits about 24% below its 52-week high. The article calls the housing pressure a slow-moving risk to monitor rather than an immediate emergency, with the third-quarter report as the next key test.
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- Roblox Is Now Down 38% in 2026: Is RBLX Stock Dead Money or Poised for a Comeback?
Roblox stock is down 38% year to date to $50.41, with a late-September court ruling letting a Los Angeles County child exploitation lawsuit proceed and a Jefferies downgrade to Underperform adding pressure. Jefferies argued the rally after the Q2 report priced in too much bookings growth, which rose only 8% to $1.6 billion in Q2 even as daily active users grew 10% to 123 million. Safety changes, including a mandatory age check, had already led Roblox to cut its full-year revenue growth forecast to 20% to 25% earlier this year. For Q3 2026, Roblox forecasts a year-over-year bookings decline of 14% to 18%. Take-Two (down 20%) and GameStop (up 31%) year to date suggest the pressure is specific to Roblox, and the article frames the key test as whether bookings stabilize while user growth continues.
- Super Micro (SMCI) Won Over $60 Billion in Orders, Is the Discount Deserved?
A contractor linked to Super Micro Computer (SMCI) pleaded guilty earlier this month to helping ship servers with advanced Nvidia chips to China, a case prosecutors say involved billions of dollars of U.S. AI technology, though the company says it was not named as a defendant and its operations are unaffected. Sales for the fiscal year ended June reached $39.1 billion, up from $22.0 billion, with CEO Charles Liang citing more than $60 billion in new orders, several hundred added enterprise customers, and a record backlog. Management guides to $65.0 billion to $72.0 billion in fiscal 2027 sales, and sales have grown about 61.5% a year over five years. Gross margin was 10.8% for the full year but rose to 17.5% in the June quarter, with net income of $1,178 million, while the trailing 12-month operating margin was 7.09%. The article notes the stock trades at a much lower multiple of expected earnings than the sector, and that one strong quarter does not yet prove a new margin level.
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- California billionaire tax could backfire, Stanford study says
Stanford economists Benjamin Jaros and Joshua Rauh argue in an NBER working paper that California's proposed one-time 5% tax on billionaire wealth could raise far less than projected and ultimately reduce state revenue. Seven billionaires, including Peter Thiel, Larry Page and Sergey Brin, have publicly left the state, removing about $540 billion, or 30%, of California's billionaire wealth from potential taxation. The authors estimate the measure could generate only about $30 billion, versus the $100 billion projected by proponents, while losing $1 billion to $3.5 billion a year in income tax revenue could leave the state about $39 billion worse off in present-value terms if those losses persist. The measure, Proposition 40, goes to voters next month, and a Citrin-Politico poll found 46% of likely voters in favor and 43% opposed. Supporters, including Nobel laureates Daron Acemoglu and Joseph Stiglitz, argue the tax will fund health care and that California has attracted more venture funding since the proposal was announced.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- NVIDIA Stock And 2 Other Undervalued Stocks To Own
Rising interest rates have pushed down bond prices, with 10-year U.S. Treasuries recording one of their steepest multi-year declines since the 18th century. The article highlights three U.S. stocks that a Simply Wall St cash flow screen considers attractively priced relative to their future cash flow potential: NVIDIA, Wells Fargo and J.B. Hunt Transport Services. NVIDIA generated about US$275.4b from Compute & Networking and US$27.6b from Graphics, with a market cap of US$5,170.6b, and the piece notes that an open-source or cheaper alternative to its CUDA platform could weaken its moat. Wells Fargo, with a market cap of US$251.7b, grew average loans 12% and average deposits 10% year over year in 2Q26 after the removal of its asset cap, while J.B. Hunt, with a market cap of US$21.3b and US$13.3b in revenue, recorded record intermodal volume of over 578,000 loads in Q2 2026.
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