In today’s newsletter I discuss my Top 10 facts about the 2026 FIFA World Cup that you may not know, move over FAANG now we have MANGOS, the trailer for the new movie ‘How to Rob a Bank’ just dropped, Bitcoin is down 50% from its highs, CPI just hit 4.2% but no one’s worrying (except me), OpenAI files for their IPO (better late than never), SpaceX announces plans for a 11 million square foot Gigasat factory in Texas (because everything really is bigger there), and Kenyan distance runner Sabastian Sawe at the London Marathon in 1 hour 59 minutes and 30 seconds wearing the new $500 Adidas Adizero Adios Pro Evo 3s.

Let’s get into it!

The 2026 FIFA World Cup has begun, and that’s pretty much all I’ll be doing for the next 39 days, or just over 5 and 1/2 weeks. And I won’t be alone. It’s estimated that up to 6 billion people worldwide will be watching or following the World Cup this year.

To kick off the games in style I’ve put together my own list of top 10 facts about that games that you may not know:

For as far back as I can remember we’ve always had FAANG. You know, the abbreviation for basket of tech stocks that have defined a financial generation, which includes Facebook, Amazon, Apple, Netflix, and Google, and yes I know Facebook is now called Meta and Google is now called Alphabet, but the FAANG name lives on in infamy. But a lot has changed since the term FAANG was coined in 2013 by CNBC television host Jim Cramer.

Now we have a new abbreviation for a new financial era called MANGOS, which consists of some old favorites and some new friends: Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX. And before you jump down my throat in the comments, yes I know 3 out of the 6 aren’t even public companies yet, but by the time you read this newsletter or watch this YouTube video SpaceX will have IPOed, with Anthropic and OpenAI expected later this Summer.

The term MANGO was coined in the fall of 2025 by Bank of America securities analyst Vivek Arya to describe a group of leading semiconductor companies, which at the time included Marvell Technology, AMD, Broadcom, Nvidia, Analog Devices, GlobalFoundries, and Onsemi. Yea, those companies were never going to be able to live up to the hype of the original FAANG stocks.

But now thanks to the internet we have MANGOS, which has been popularized by software and AI engineers on X (formerly Twitter) known by their handles @krishdotdev and @lilscoot:

It's not often that I come across a trailer for a movie that I haven’t already heard about. You see, I’m a movie geek. I love reading about movies before they’re made, when they enter production, and when filming has wrapped before their trailers haven’t even come out yet. Where do I get most of my info from? The Hollywood Stock Exchange. You see, when I’m not parading around on the Internet as a content creator, I’m geeking out on HSX buying and selling movies as if they were real stocks. I’ve been doing this since Jan 12, 1998, and now have a portfolio of fake movie stocks worth $1.62 billion dollars (in Hollywood Stock Exchange money that is).

So imagine my surprise when I saw the trailer for a new movie called ‘How to Rob a Bank’ that had over 1 million views only 4 hours after it had been released. Today the trailer has over 16 million views!

‘How to Rob a Bank’ was written by Mark Bianculli, it was directed by David Leitch, and was co-produced by Amazon MGM Studios, Imagine Entertainment (which is owned by Academy Award-winning producer Brian Grazer and Oscar-winning director Ron Howard), and 87North Productions (which was founded by director David Leitch). The movie stars Nicholas Hoult, Zoë Kravitz, Anna Sawai, Pete Davidson, Christian Slater, and John C. Reilly.

The plot of ‘How to Rob a Bank’ goes like this: there’s this crew of social media-savvy bank robbers (played by Nicholas Hoult, Pete Davidson and Anna Sawai) who broadcast all of their heists, but little do they know a veteran FBI agent (played by John C. Reilly) and a brilliant software engineer (played by Zoë Kravitz).

What makes this movie feel so authentic is the way director Devid Leitch filmed it in portrait mode so it had the same look and feel of a TikTok and Instagram Reel. The social media style makes you think this kind of a heist is one upload away from being real, and that’s both exciting and scary.

Queue the copycats, and the pearl-clutching media that wonders how something like this could happen. Hmmmm. Maybe when you raise an entire generation on social media it can have real world effects. Go figure!

Bitcoin has lost more than 50% of its value, and is off its high of $126,210.50 on October 6, 2025, and currently trades at $62,570.78 as of Thursday, June 11, 2026. The cryptocurrency industry has lost $1.2 trillion dollars since Bitcoin’s high, and is off 30% since the start of the year. Overall the market is now down by 6% since Donald Trump took office campaigning on promises to clarify cryptocurrency laws and regulations, and yet the Clarity Act is still stuck in Congress with little hope of moving forward anytime soon.

The Bureau of Labor Statistics just reported that the Consumer Price Index (or CP) just hit 4.2% in May for the first time in 3 years, which is a big increase from the 3.8% that was recorded back in April. This increase was driven heavily primarily by soaring energy costs as global oil markets have reacted by the War in Iran.

Beyond energy, the broader economy is continuing to experience inflationary effects. The price American farmers pay for fertilizer has climbed 20% since the War in Iran began, leading to volatile food prices. Add to all of those worries the cost of transportation and shipping has gone up thanks to higher prices of diesel fuel, which trickles down to diesel prices over $5 a gallon on average in the U.S.

American households continue to dip into their meager savings, because let’s be honest we’ve never been very good at saving as a society, and we’re seeing the personal saving rate dropping to a low of 2.6%, down from an average of between 4.5%-4.8% back in 2025. If there is a silver lining, it’s that the national unemployment rate is holding steady at a low 4.3%, so at least there’s that.

So yea, the War in Iran continues to disrupt the economy of the U.S., with no end to the war in sight. At this point it might be easier for me to report on what is going well here in the U.S., instead of everything that’s going wrong.

OpenAI has confidentially filed with the SEC to go public. This has been expected, ever since Elon Musk’s SpaceX filed for an IPO, followed by Anthropic about a week ago.

There was this vaguely odd statement that OpenAI included in their confidential filing with the SEC “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

That could be any number of things, but if I were a betting man I’d say they are considering an acquisition that might be too good to pass up, and may want to delay their IPO until they’ve made the acquisition as a private company, with a lot less eyes watching them before they go public.

They might also be trying to “juice” their valuation, since in the SEC filing they revealed that they are currently valued at $852 billion dollars after their last funding round. This comes after Anthropic revealed in their confidentiality filing with the SEC that they are valued at $852 billion dollars, making OpenAI one of the least valued of the 3 most highly anticipated IPOs of the year, especially what you compare them to Elon Musk’s SpaceX which will IPO at a valuation of $1.75 trillion dollars. Ouch OpenAI!

I can’t help but wonder if OpenAI’s co-founder and CEO Sam Altman has a trick up his sleeve to boost the company’s valuation before they IPO. With the intense competition between Sam Altman and Elon Musk it’s clear neither of these guys wants to lose!

Elon Musk’s SpaceX just announced plans for a 11 million square foot Gigasat factory in Bastrop, Texas, which will serve as the company’s AI satellite manufacturing hub for orbital data centers. The sprawling 1,000 acre campus is being designed to be more than 10X the size of SpaceX’s Starfactory in Boca Chica, Texas. SpaceX is aiming to produce such an insane volume of satellites that they believe they’ll be able to achieve 1 gigawatt of orbital AI compute capacity by the end 2027, up from zero AI satellite capacity today. To put that in perspective 1 gigawatt of AI compute capacity is comparable to between 10-25 traditional AI data centers here on earth.

So once again Elon Musk’s vision for putting AI satellite data centers in space is out of this world.

The record time for a marathon, you know 26.21 miles which usually takes an average runner 4 hours and 30 minutes, was just broken by Kenyan distance runner Sabastian Sawe at the London Marathon in 1 hour 59 minutes and 30 seconds making him the first person to break the elusive sub-2 hour record. What’s even more insane is that the second place runner, Ethiopian Yomif Kejelcha, came in only 18 seconds later with a time of 1 hour 59 minutes and 41 seconds.

What did both of these runners have in common?

They were both wearing the Adidas Adizero Adios Pro Evo 3s, which is an ultra-lightweight carbon-plated supershoe that weighs just 97 grams.

You know what shoe the third place finisher of the London Marathon, Uganda's Jacob Kiplimo, was wearing? The Nike Alphafly 3s. Ouch!

What makes runners wearing the Adidas Adizero Adios Pro Evo 3 so fast is that the shoe has been engineered as an expensive, $500 elite running shoe that weights under 100 grams in order to minimize the energy expenditure of the runner wearing them. To get a little geeky on you, the shoe features a 39 millimeter stack of next generation Lightstrike Pro Evo foam in the heel (whatever that is), which is nearly 50% lighter than previous versions of foam and it delivers a whopping 11% increase in forefoot energy return, which is the percentage of energy the midsole foam and structure give back to your foot during the toe-off phase of a stride.

Who knew running was so complicated?

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The Business Behind The News is written, edited, and published by Chris Thompson.