Geopolitical shocks always trigger a flight to safety, but the underlying mechanics of global capital have fundamentally changed. As the U.S. and Israel’s bombardment of Iran sent shockwaves through the global financial system, “hot money” rapidly fled risk assets. Major players like JPMorgan and Citi immediately slashed their emerging market (EM) foreign exchange and bond...
The new era at Berkshire Hathaway is officially underway, and the first major move is a direct bet on the company itself. After a nearly two-year hiatus dating back to May 2024, newly minted CEO Greg Abel announced that Berkshire Hathaway (BRK.A/BRK.B) has officially resumed repurchasing its own shares. More importantly, Abel just made a...
The geopolitical risk premium is officially back, and capital is moving fast. As the U.S.-Israeli conflict with Iran intensifies, the threat of an energy-driven inflation shock is forcing a massive rotation out of risk assets. For the first time in two months, the “soft landing” narrative is taking a backseat to a textbook defensive rotation....
The entertainment industry is officially moving from fearing artificial intelligence to buying it outright. Following its decision to step away from the massive bidding war for Warner Bros. Discovery, Netflix (NFLX) has executed a highly strategic pivot. The streaming giant just announced the acquisition of InterPositive, an AI-driven filmmaking technology startup founded in 2022 by...
The surface-level inflation data is masking a much more complex reality underneath the hood. U.S. import prices ticked up again in January, driven by a powerful surge in capital goods that completely overpowered a significant drop in global energy costs. As the market eagerly awaits the delayed PCE inflation report, this import data suggests the...
Are legacy data providers the ultimate value play, or a falling knife in an AI-dominated world? Heavyweight private equity firms like Thoma Bravo and Hellman & Friedman are currently running the numbers on financial data giant FactSet (FDS). However, despite massive drops in share prices across the sector, buyout momentum is stalling as dealmakers struggle...