George Santos’ Kalshi Wagers Draw Fresh Insider Trading Scrutiny
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US firms pay price for Trump’s China tariffs, export controls, study finds
The Trump administration’s export controls, sanctions and tariffs are hurting American firms in China without achieving their policy goals of blocking critical technology or reviving US manufacturing, according to a new business survey. “US export controls are not calibrated to empower American companies … Instead, they are forcing buyers to go elsewhere,” the US-China Business Council said on Wednesday, releasing the results of its annual member survey. “Export controls are less effective...
Here Comes the Age of the Rockstar CFO
Here Comes the Age of the Rockstar CFO Financial decision making has never been more strategic. This article is for subscribers only. Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe.
Consumer prices rose 4.2% annually in May, highest in three years
Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April...
KKR’s Agrawal Says Market May Be Underestimating AI Power Needs
Investing KKR’s Agrawal Says Market May Be Underestimating AI Power Needs AI’s furious pace of growth means power demands could be much higher than people realize, according to KKR & Co.’s Raj Agrawal. “The average iPhone user today uses about 500 times more data than the average BlackBerry user used,” Agrawal, KKR’s head of real assets, said Wednesday at a financial conference hosted by Morgan Stanley. “We are so early in how we are using AI as companies.