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 … Read more
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 … Read more
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.
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.
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 … Read more
Ok, a bit grumpy. Ot should I say Trumpy? The tariff discussion begins at 2:19 on the video.
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, … Read more
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 … Read more
I use AI every day (Gemini and Perplexity) and it is going to ultimately save my office some real money.
From the Wall Street Journal – The Prime Minister’s Liberal Democratic Party will have a majority on its own in a rebuke to Beijing. Ms. Takaichi comes out of the LDP’s conservative, pro-American wing. She favors more defense spending, which is urgently needed given China’s vast military buildup. So far she has managed President Trump’s … Read more