Mukesh Ambani’s family is enjoying celebrity status in Washington, says Andy MUKHERJEE. The Indian billionaire is pivoting his empire toward something that’s replacing Chinese buyers. Read the details: https://lnkd.in/ekV3iBVZ
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Bloomberg Opinion is a non-partisan, global platform for opinion and analysis about pivotal economic, political and cultural issues.
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Bloomberg Opinion reposted this
Applying a little Silicon Valley history when thinking about the AI talent war today. For Bloomberg Opinion, why tech employees have all the leverage this time. (Gift link for Linkedin followers!) https://lnkd.in/e9P7PRFR
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Tesla’s stock doesn’t have the closest relationship with fundamentals. Does that make it a meme stock? It’s certainly meme-ish, with an army of retail shareholders and huge options volume. But it is more of a ‘dream’ stock, tied to a blind faith in the vaunted genius of Elon Musk. Looking at the stock’s 10 biggest moves of the year (5 up and down), there’s a pattern of sorts, with Tesla serving as an avatar for bullishness only to be occasionally hammered when the bad news or figures get too much to ignore. And now Musk has introduced another outsized factor somewhat divorced from facts and fundamentals, who happens to live in the White House. Read about it here Bloomberg Opinion https://lnkd.in/eEWjpi3g
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Bloomberg Opinion reposted this
Is Tesla a meme stock? I looked at its 10 biggest moves (+/-) this year to see what moves it the most. Watch my two-minute take below and also read the full analysis here at Bloomberg Opinion https://lnkd.in/e8_Pb8VB
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Bloomberg Opinion reposted this
What if you put AI in charge of a vending machine? Well… Anthropic did, and the result demonstrates something deep about artificial intelligence, writes Matt Levine. Sign up for his free Money Stuff newsletter: https://lnkd.in/etqmfHbV
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Breaking: Congress passed the “One Big Beautiful Bill Act” and is sending it to President Trump for his signature so it can become law. Any hope that enough Republicans would have the courage to put the needs of the economy and America’s fiscal position before tax cuts for the rich was met instead with callow cost fiddling, says Kathryn Anne Edwards. Here's why the budget bill is an economy killer: https://lnkd.in/eCn3rrNN
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As the US harms itself by turning against trade, it should spare a thought for the pain it’s inflicting on the rest of the world. Read today’s editorial: https://lnkd.in/eRQzjJW3
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Bloomberg Opinion reposted this
COLUMN: Donald Trump talks about "maximum pressure" on Iran, but when it comes to the booming oil sector, there's only been "maximum output." Iranian *total* oil production hit a 46-year high in 2024. And this year will see further gains. "The story of how Iran beat US oil sanctions goes back several decades — mixing doses of American realpolitik with Iranian entrepreneurialism and the new geopolitical muscle of China. At times, it reflects how Washington turned a blind eye to obvious violations, preferring instead to keep oil prices down and inflation in check. At other times, it reflects the growth of Tehran and Beijing in sophistication and steadfastness to evade them." #oil #Iran Bloomberg Opinion