Scott Bessent Is Moving Markets Everywhere, With a Lot at Stake
Currencies, gold and Bitcoin prices all reacted to Bessent’s bond buyback gambit.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
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Elon Musk Says SpaceX Could Generate $1 Trillion in Revenue by 2030. Here Are 2 Companies That Could Get There First
Key PointsSpaceX is unlikely to reach $1 trillion in revenue by 2030.
Prediction: This Will Be Palantir's Stock Price at the End of 2026
The data analytics giant's stock has rallied in recent weeks.
Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption (Luz Ding/Bloomberg)
Alibaba Group Holding Ltd.'s profit plunged more than 75% after China's e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown.
Low Rhine Water Levels to Slow German Economy, Bundesbank Says
Limited usable transport routes on major rivers and sharply rising transport costs were likely to significantly impair industrial production and export growth, according to the central bank.
Inflation: Bundesbank – Deutsche Industrie verliert als Jobmotor an Bedeutung
Der Anteil des Verarbeitenden Gewerbes an allen sozialversicherungspflichtig Beschäftigten liege bei nur noch etwa 18,5 Prozent. Auch bei der Inflation gibt es keine Entwarnung.