Bloomberg Opinion

In my latest for Bloomberg Opinion, I argue rising Chinese exports to Mexico are causing not just geopolitical heartburn for a country caught between two superpowers but also threaten Mexico’s future economic prosperity. https://bit.ly/3GNeYb9

Uber’s AV tie-up Lucid and Nuro underlines a few key trends in autonomy - and a problem for Tesla. The deal shows just how unwritten the future of robotaxis really is. This is only one of several bets Uber is placing, sometimes in partnership with companies that are outright competitors, such as Waymo. The model of success, and how economics get apportioned between vehicle makers, software providers, network managers and remote services, among other parts of the ecosystem, are yet to be determined. Why is this a problem for Tesla? Because it is priced for dominance, come what may. And its initial rollout in Austin doesn’t exactly scream ‘dominance’. Read about it here at Bloomberg Opinion https://lnkd.in/e2fP4ZSe

Superman is a box office hit, but can it save Hollywood from superhero fatigue? Bloomberg Opinion's resident film critic Jason Bailey thinks studio executives shouldn’t see strong box office numbers as proof the comic book genre is back. Read his piece: https://lnkd.in/eQTnjW3J

News reports swirled Wednesday after an anonymous White House official said they expected President Trump to soon move against Federal Reserve chief Jerome Powell. Trump shortly after said he is “not planning on doing anything” to remove the Fed Chair. Ending Powell’s term early could have a profound impact on the economy and the cost of living for Americans, says Ernie Tedeschi. Read why: https://lnkd.in/es7xeM4N

Much of the coverage of Bad Bunny’s sold-out, three-month residency in Puerto Rico has focused on how the 30 shows will be a financial boon for the island — and with good reason. The concerts are expected to pump nearly $200 million into the local economy. But Susanne Ramirez de Arellano says that focusing mainly on the financial boost the residency will provide for the cash-strapped island risks overshadowing an outcome that might be more meaningful: Bad Bunny, whose real name is Benito Antonio Martínez Ocasio, is giving Puerto Rico an opportunity to reclaim its narrative. #music #PuertoRico #BadBunny Click the Bloomberg Opinion link to read more for free: https://lnkd.in/eQAWMsRs

My Bloomberg Opinion column today turned out to have better timing than normal. "A Politically Captive Fed Would Be a Weak Fed" https://lnkd.in/e_BPMDZm

The administration's trade policy keeps getting worse. Will Republicans in Congress ever object? Read today’s editorial: https://lnkd.in/ghZNAatC

CEOs in the US and beyond are becoming accustomed to the policy swings of President Trump. That was the main message in the strong investment banking fees reported by JPMorgan and Citi in second-quarter earnings Tuesday. It will raise hopes among bankers for more deals and stock market debuts during the rest of the year, says Paul Davies, despite the fast-approaching deadline of Aug. 1 for a fresh set of hefty trade taxes to be imposed in the latest round of tariff fights. Read more: https://lnkd.in/eBbQMr4y

Mexico City's red-hot food scene has been made the unexpected scapegoat for gentrification. That's a big risk for the city's tourist-friendly image check out my new column for Bloomberg Opinion 🎁 link https://lnkd.in/d9CMTKJW

Elon Musk plans to give Tesla shareholders the chance to invest in xAI, his artificial intelligence startup that recently made headlines for spewing out antisemitic responses to queries. That is but one dubious benefit of such a deal. xAI recently issued debt at a yield of more than 12%, similar to the junkier end of the high yield market. It also is reportedly getting $2 billion from SpaceX, another Musk vehicle. The obvious potential conflicts of interest and shaky rationale recall Tesla's buyout of SolarCity, another Musk vehicle and one that was faltering when the EV maker suddenly decided it needed to own a rooftop solar business. Read about it here at Bloomberg Opinion https://lnkd.in/ewcgYBsT