Category: Investing and business
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Great video – What SpaceX means for the future.
This is the first part of Friday’s interview on CNBC with Brad Gerstner (black t shirt) on the SpaceX IPO. Gerstner is an extraordinarily astute investor – I’ve been following his career for several years. I wish they’d shown the complete interview. He was also one of the prime movers in the private sector to…
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WSJ: The SpaceX IPO
Appearing in yesterday’s Journal. I agree. The IPO (Initial Public Offering) went live a bit before noontime Friday. Everyone is happy – SpaceX got their $75 billion, the consortium of Investment Banks got $1 billion dollars in fees to split amongst themselves, many thousands of the 22,000 SpaceX employees became instant millionaires – a few…
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Why the stock market had a mini-melt down today
Two reasons – First Wednesday evening Broadcom (symbol AVGO) which has had great performance for 18 months issued their quarterly report regarding earnings, revenue, etc. Excellent numbers but they did not outperform the “whisper numbers” and since these stocks are priced for perfection it dropped 13% Thursday and another 8% today. However the stock is…
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Jane Street – everyone is wondering how they do it (make oodles of $$$)
The first I’d heard of Jane Street was reading the book Going Infinite and how Sam Bankman-Fried got his start. Bottom line is they are better than everyone else at what they do.
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Andrew Yang – former Dem presidential candidate – on AI & jobs
This is a good interview. A couple of cycles ago he ran in the Democrat Presidential primary and got a few votes. Since then he has left the party and is co-founder of the Forward Party, attempting to build a centrist coalition. He also owns a tech business and this is a good interview.
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Palantir CEO on their software integrating AI and the military
You should be able to see the four minute video (after the commercial! Sorry…) through the link below. Karp is careful to say things like “I read in the papers…” as he does not want to give up classified information. He is a former progressive democrat who woke up (pun) and is now a registered…
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Treasury Secretary Bessent interviewed about tariffs.
Ok, a bit grumpy. Ot should I say Trumpy? The tariff discussion begins at 2:19 on the video.
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Buy sign for bitcoin; Paul Krugman says it’s a bust
Hahaha. The former opnion writer for the NY Times – now has a substack column as he seems to have left the Times by mutual agreement. Yes I know, he won the Nobel Prize – for ideas on International Trade, which in his mind made him an expert on everything. For years, begining in 2003,…
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Supreme Court 6-3 strikes down Trump tariffs
However it only effects the “emergency” tariffs. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country. It’s the first major piece of Trump’s broad agenda to come squarely before the nation’s highest court, which he helped shape with the appointments…
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Nvidia CEO Jensen Huang on Artificial Intelligence build up.
I use AI every day (Gemini and Perplexity) and it is going to ultimately save my office some real money.