Unexpected outbreak of common sense! BBG: David Sacks: There will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fail...

Like Rand herself, big corporations are always welfare recipients.

Banger straight off the top: 1. The Rob Base Postulate Given that a number greater than 1(x) is required to make a thing go right, and that the exact equal number (y) is necessary to make it out of sight (x = y), what is the minimum whole number required to achieve both outcomes?

Oh, secret underground sulfur-fuelled spider megacity have you? This ‘arachnid megacity’ may be largest spider’s web ever found www.independent.co.uk/news/science...

UBS Chair Colm Kelleher isn't the only person worried about credit ratings arbitrage and optimization or weak insurance regulators. Marc Rowan of Apollo disagrees. Here's why Kelleher is right. Via @opinion.bloomberg.com >> www.bloomberg.com/opinion/arti...

Traditional PE model: Buy -> Improve -> Collect fees -> Sell -> Return capital & collect more fees New PE model: Buy -> Hold -> Diversify into more alts -> Collect fees -> Keep holding -> Get LPs into continuation funds -> Collect more fees -> Start secondary and tertiary funds -> Re-start at ‘Buy’

Vital piece of investigative reporting from Sky. They've uncovered the X algorithm which feeds users extremist right wing material from the moment they join the site. It is a far-right radicalisation engine, by design. news.sky.com/story/the-x-...

In the ultra-competitive market for corporate pensions deals, and with credit spreads incredibly tight, big insurers are leveraging up their gilts to eke out higher returns. Leveraged gilts backing pensions: never goes wrong obviously www.ft.com/content/427a...

Private equity firms still aren’t sending enough cash back to investors and struggling to exit their holdings despite an investment banking boom. But some firms are struggling more than others… #Blackstone #Carlyle #Apollo Private Equity Must Sell More www.bloomberg.com/opinion/arti...

Who is this? Napoleon Trilobite?

If this isn't the most important thing happening in US law today I don't know what is!

I love the smell of onions and mustard in the mornings!

"I've been operating beyond my risk appetite statement," is definitely what I'm going to say next time I shuffle glumly out of the bookies. Living wills and the ‘Continuum of Crisis’ Great stuff from @dsquareddigest.bsky.social www.ft.com/content/bd72...

Storing gold is mind-bogglingly expensive but with bullion prices near records, it can yield handsome profits, writes Marcus Ashworth www.bloomberg.com/opinion/arti...

New financial meme just dropped www.ft.com/content/4285...

As organized crime groups go this one sounds huge! www.bloomberg.com/news/article...

Home time tune m.youtube.com/watch?v=97TG...

All of this is as expected, has been well flagged and is being responded to by central banks in predictable ways. But it will still flow into other markets in ways that could induce volatility and tighter conditions. Welcome to the new old world! >> www.bloomberg.com/news/article...

Three cheers for good old fashioned leg work in a world of AI supposedly replacing everything! The lone analyst with a sell rating on Fiserv ahead of the company’s crushing stock selloff says the writing was on the wall for months @bloomberg.com www.bloomberg.com/news/article...

This is very good from @resi-analyst.bsky.social >> New homes: even if you build them, there’s no one to buy them www.ft.com/content/9080...

I've spent a lifetime not even trying to rent out properties - and I certainly never had a license to um not do that....? How worried should I be?!

They... er... come again?

Oooo... IPO not coming quickly enough? Growth disappointing? Monzo CEO TS Anil will step down after almost six years in charge of the London-based fintech www.bloomberg.com/news/article...

Strong, if unorthodox, opening to the BBVA earnings call according to the auto transcription >>

Oof! Several of these things sound sensible, but not all of them. And definitely not all together!

Lord give me the confidence to use EU competition laws to sue after being prevented from joining a project designed to curb competition. www.ft.com/content/f04f...

Hahahaha. That reporter must be crawling out of their own skin

Jane Fraser *was* very comfortable with this... Citi probe did not interview women who complained about executive’s conduct www.ft.com/content/be4a...

This sounds potentially pretty, um, hairy! Box spreads for homebuying LOL A Wall Street options trade is becoming the latest personal-finance hack — helping investors borrow cheaply without selling their stocks www.bloomberg.com/news/article...

Caterpillar is an AI and data centre stock now>

BNP and HSBC are both being vague about a few awkward questions right now, but only one is being punished for it by shareholders. Via @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

This was a good and surprising piece! Atlantic CEO Nicholas Thompson on running with (and in some ways from) his father>> www.theatlantic.com/magazine/arc...

Finally doing the thing everyone has been expecting for what two years already? JPMorgan seeks to join front rank of retail banks in Germany with Chase launch www.ft.com/content/cbb8...

Someone needs to rewrite the vampire squid article>> BBG: Trump Media Plans to Enter Booming Prediction Markets Business

More on “derivativization” and why IBs are absolutely coining it. on.ft.com/47u2jmL $100bn stock swings expose ‘fragility’ beneath Wall Street rally

Another potential hit for #UBS >> Tom Hayes, former star UBS trader and the face of the Libor rigging scandal, sued the bank for $400m accusing it of handing him over on a “silver platter” to global prosecutors www.bloomberg.com/news/article...

A #UBS without Switzerland? A Switzerland without UBS? One big investor says it has to happen. Misfortunes are piling up at the bank rn and leaving home might become a realistic option. Via @opinion.bloomberg.com >> www.bloomberg.com/opinion/arti...

If you were looking for one of the lowest cost ways of preventing climate change, you might head for the “deforestation frontier” in the Amazon rainforest. economist.com/the-americas...

This is wild. Crypto miner was looking to raise $300m, Google came in and said “oo this sounds a bit AI data centery maybe we have a use for you” next thing >$3bn in junk bonds!

Er, cut rates now? www.bloomberg.com/news/article...

Legit glad someone is looking into it

With the most brutal haircuts I hope... JPMorgan plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration www.bloomberg.com/news/article...

What Ronnnie really said about tariffs>> www.youtube.com/watch?v=5t5Q...

The full senedd election next year is going to be fascinating. Either Reform wins and we get to see how they run a very significant authority, or they come second in most places and we see how they lose a general election.

So many of Farage’s responses in here are vacuous, stroppy or elusive. There’s almost no policy area on which he can be pinned down. And then we get there: It’s just about the vibes. Interview with Mishal Husain via @bloomberg.com www.bloomberg.com/features/202...

CZ runs free! Trump Pardons Binance Founder (and promoter of Trump family crypto concerns...) www.wsj.com/finance/curr...

The arithmetic on leveraged ETFs is simple and unfavourable to the investor. Compound leveraged daily gains are very different from gains on the leveraged asset.

Jane Fraser faced skepticism inside and outside Citigroup when she took the giant bank's helm, but she's earned her new beefed up title. via @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

The Conservatives would not deport as many people as Idi Amin. They would deport *more*. www.ft.com/content/9a1d...

This is what happens when you double or triple down on equity but don’t think about diversity or inclusion.