Larry Ellison, the tech world’s great survivor
At 81, Oracle’s co-founder has reinvented himself as a power in AI to become (briefly) the richest person in the world. By Richard Waters and Rafe Rosner-Uddin Published Sep 12 2025 As Larry Ellison settled in for dinner at the elegant Japanese restaurant Nobu in Palo Alto last year, he was joined by his longtime friend […]
Economists See Fed Rate Cut Next Week, at Least One More in 2025
By Maria Eloisa Capurro and Dana Morgan 09/12/2025 03:00:00 [BN] Summary by Bloomberg AI Economists surveyed by Bloomberg News expect the Federal Reserve to execute a series of interest-rate cuts in the coming months, beginning with a reduction next week. The median respondent sees two cuts by year’s end, but a sizable minority anticipates three reductions, with investors leaning […]
US business activity picks up in August, factories lead the way, survey says
By Reuters August 21, 2025 Aug 21 (Reuters) – U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased […]
US service sector regains speed in August; employment weak
By Reuters September 4, 2025 WASHINGTON, Sept 4 (Reuters) – U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management (ISM) said on Thursday its nonmanufacturing purchasing managers index (PMI) increased to 52.0 last month from 50.1 in July. Economists polled by Reuters had […]
Services PMIs and the Late Business Cycle Expansion
by Christopher Combs Silicon Valley Capital Partners 09/05/2025 Services PMIs have bottomed and are now expanding, marking a pivotal shift in the global economy. This turning point underscores both opportunity—through stronger earnings and output—and risk, as inflationary pressures mount and policy options narrow. Figure 1: Services PMIs in the Eurozone, United Kingdom, and United States […]
Congressional Budget Office Confirms Tariff Revenue Will Decrease Deficit by $4 Trillion
By Kenneth Rapoza August 26, 2025 The Congressional Budget Office (CBO) upped the ante on their estimate for fiscal deficit reduction last week, all due to higher tariffs that kicked into effect this month. Tariffs are offsetting tax cuts signed into law this summer in the One Big Beautiful Bill (OBBB). The CBO raised its […]
US Economy Expands at Revised 3.3% Rate on Stronger Investment
By Mark Niquette 08/28/2025 06:01:17 [BN] Summary by Bloomberg AI The US economy expanded in the second quarter at a 3.3% annualized pace, due to a pickup in business investment and an outsize boost from trade. Business investment expanded at a 5.7% pace, and the government’s other main gauge of economic activity — gross domestic income — […]
U.S. Tariff Revenues: Offsetting Tax Cuts and Shifting the Burden Abroad
By Chris Combs Silicon Valley Capital Partners Introduction In an era when U.S. fiscal policy is often characterized by widening deficits and mounting debt, a surprising development has emerged. The federal government’s aggressive use of tariffs—once seen primarily as a trade tool—is now delivering a major fiscal dividend. At the same time that recent tax […]
Financial Times: Retail investors should stay away from private funds
Financial Times by Sheila Bair The writer is the former chair of the FDIC and author of ‘Money Tales’, financial education books for children Published Aug 19 2025 Individuals should be wary of the Trump administration’s plans to broaden the access to the asset class. The renowned investor Peter Lynch once said that “dumb money […]
What Is A.G.I.?
Source: New York Times (May 16, 2025), by Cade Metz Introduction Artificial General Intelligence (AGI) has become one of the most discussed—and misunderstood—concepts in the technology world. Unlike today’s narrow AI systems, which excel at single domains (like writing text or generating images), AGI refers to intelligence that can learn, reason, and adapt across multiple […]