Jim Chanos on Bull Market, Carvana and Michael Saylor
Chanos & Co. founder Jim Chanos discusses the outlook for the US stock market, his views on Tesla and why he is betting against Carvana. Speaking with Scarlet Fu on Bloomberg Television, Chanos also responds to Michael Saylor dismissing his recommendation to short the shares of Strategy and buy Bitcoin. (Source: Bloomberg)
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Motor Trend
22 minutes ago
- Motor Trend
2025 Ford F-150 Lobo First Look: BYO Performance Mods
Ford has added a new Lobo trim package for the 2025 F-150 that pays homage to street culture and will be on sale this fall. If the Lobo name sounds familiar, that's because it is the name assigned the F-150 in Mexico—and recently given to a similar Lobo sport-truck variant of the 2025 Ford Maverick compact pickup that went on sale earlier this year. While the Maverick Lobo is a more autocross-oriented performance truck, the F-150 Lobo is designed to be a tough street truck with a more aggressive appearance, not necessarily more general athleticism. Ford introduces the 2025 F-150 Lobo, a street truck variant of the F-150 STX with a 400-hp V-8, aggressive styling, and a lowered rear. Inspired by street culture, it features gloss black accents, unique 22-inch wheels, and a nod to aftermarket customization. Available this fall for $59,995. This summary was generated by AI using content from this MotorTrend article Read Next Ford has been paying attention to the growing street culture trend, watching what buyers are doing to their trucks, says F-150 marketing manager Jeff Schulz. The trend is evident in the customized trucks showing up at customer research events and on chatrooms and websites. Many of these customer trucks have been lowered, wear ground effects, and see upgrades to their powertrains. Lobo is an F-150 STX With a Little Somethin' Somethin' For the F-150 Lobo, the focus is on bold styling and V-8 power. The Lobo starts out as an F-150 STX SuperCrew with the 400-hp, 410-lb-ft 5.0-liter V-8 engine and the same interior. The $4,695 Lobo package of upgrades focuses on the suspension; the rear of the truck has been lowered by 2 inches for an athletic stance, says lead exterior designer Josh Blundo. Blondo is a street truck guy. His daily driver is an axle-flip, V-8 single cab short bed F-150. In his free time, he is building a 1995 Ranger drift truck. 'I definitely live this culture.' 'Our F-150 customers, they've been building street trucks. This platform, especially the V-8 4x4, has become an absolute superstar in that scene,' Blundo says. Credit its V-8 power and sound, 4x4 capability, and the switch to a lighter aluminum body in 2015 that cut 700 pounds in weight, boosting performance and creating a more athletic vehicle. 'What this customer has always desired is some factory imagery that matched the menace of those street car builds,' Blundo says. And a huge bonus: a factory warranty. Gotta Look the Part Street truck culture is about styling as well as performance. In addition to lowering the rear end, the Lobo wears a 10-piece body kit. For a more sinister face, there is a wide, gloss black mesh lower grille and unique upper grille with the same white signature lighting hat used on the Maverick Lobo, giving them the same character when viewed at night. The F-150 and Maverick Lobos have some familial similarities but were executed differently. In keeping with street culture, body color and chrome have been replaced with gloss black panels and accents, including the hood vents and dual exhaust. The truck rides on unique 22-inch gloss black wheels. Ford removed badging from the tailgate because street truck customers so often badge delete so it was a nod to them in their desire for a clean aesthetic. And no, there is no wolf (Lobo is Spanish for "wolf") badge, only the wordmark on the fender trim. 'Every piece of it was looked at from the mindset of street car users and enthusiasts,' Blundo says. Upgrades From More Expensive Trim Levels The Lobo package adopts features normally found on higher trim levels. That includes an upgraded two-speed automatic four-wheel-drive system, the cowl hood from the Tremor, and the taillights from other trims. In tweaking the Lobo, Ford kept the aftermarket in mind to make the truck easier to modify for those who want to do so. The dual exhaust is easy to take off and the lower grille on the front end is open for aftermarket cooling needs. There won't be Ford Performance parts specific to the Lobo, but many of the existing parts will work on the truck. The 2025 F-150 Lobo is being offered with five exterior colors, which is fewer than the regular STX, but one more than the Maverick Lobo. Both Lobos comes in white, gray, blue and black. The F-150 adds Rapid Red, from a history of red F-150 street trucks. Basically, the $59,995 F-150 Lobo gives you a well-equipped and mean-looking full-size street truck. Assembled at the Dearborn Truck Plant, it will be available this fall. It is an exciting first entry and the return of the V-8 street truck after two decades, Blundo says.
Bloomberg
27 minutes ago
- Bloomberg
Foreign Buyers in $10 Billion Scramble for UK Takeover Targets
Foreign buyers are feverishly snapping up UK companies at a time when London is struggling to maintain the size of its stock market and attract new listings. Almost $10 billion worth of deals targeting UK firms emerged on Monday alone this week, when US buyout firm Advent confirmed a £3.7 billion ($5 billion) takeover proposal for Spectris Plc, a maker of precision and testing equipment and software, and Qualcomm Inc. agreed a roughly $2.4 billion deal for London-listed semiconductor company Alphawave IP Group Plc. Both transactions carried premiums comfortably above 80%.
Yahoo
27 minutes ago
- Yahoo
Oil Surge Is Latest Headwind for Tariff-Rattled Global Economy
(Bloomberg) -- For a global economy that's been buffeted by trade tensions all year, lower energy prices were one of the few positives. If a surge in the price of oil after Israel carried out airstrikes against targets in Iran is sustained, that tailwind will switch to become yet another headwind. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire Oil prices advanced as much as 13% in the aftermath of the attack. JPMorgan has previously warned prices could spike to $130 a barrel in the 'severe outcome' of a blockade to flows via the Strait of Hormuz or a broader conflagration in the Middle East. 'It comes really at an unfortunate time for the global economy given the already heightened uncertainty and chaotic nature we are dealing with coming out of the US protectionist stance,' Katrina Ell, Moody's Analytics head of Asia Pacific economics, said on Bloomberg Television. For the US, a substantial and sustained increase in oil prices would add to the inflationary impulse from President Donald Trump's tariffs, Bloomberg Economics analysts Jennifer Welch, Adam Farrar and economist Tom Orlik wrote in a note. 'Coming hard on the heels of the post-pandemic surge in inflation, and with concern that inflation expectations are not firmly anchored, that would be difficult for Fed Chair Jerome Powell & Co. to look through,' they said. In a separate note, Orlik and Chief US Economist Anna Wong ran the numbers on what a surge in the price of oil would mean for the US economy. They found a jump in the price of Brent to $100 a barrel would result in a 17% increase in all grades of gasoline prices in the US, corresponding to a rise to $4.2 a gallon from $3.25 a gallon. They estimate that would add 0.6 percentage point to headline CPI, boosting the year-over-year change to the CPI to 3.2% in June. The Federal Reserve meets next week to set interest rates, as do monetary authorities in the UK, Sweden, Switzerland, and Japan. Central banks will likely acknowledge the growing uncertainties but will be inclined to look through the impact of higher oil prices from today's attack, said Diana Mousina, Sydney-based deputy chief economist at AMP Ltd. 'I don't think that any oil price dislocation is going to change the trajectory for interest rates,' she said. 'It's just another layer of volatility in the market.' In the event of a prolonged conflict, disruptions to shipping through the Strait of Hormuz would have a significant impact on the global liquefied natural gas market too. Qatar, which makes up around 20% of the global LNG trade, uses this route for exports and there's no alternative passage. That would leave the global LNG market extremely tight, pushing European gas prices significantly higher, Bloomberg Economics noted. 'The risk of further escalation is elevated,' said Prashant Newnaha, APAC strategist at TD Securities. 'Markets are likely to demand a higher geopolitical risk premium from here which should imply higher volatility, weaker equities and a firmer dollar.' While investors may be concerned that supplies could be interrupted if hostilities escalate, OPEC+ members, including de facto group leader Saudi Arabia, still have abundant spare capacity that could be activated. In addition, the International Energy Agency may choose to coordinate the release of emergency stockpiles to try and calm prices. Supply Shock In the event of a prolonged price increase, the most vulnerable oil-importing emerging markets in Asia include India, the Philippines, Thailand and Vietnam given their large trade deficits relative to GDP. Japan, Italy, France, Germany and the UK are among those in advanced economies that run high trade shortfalls, according to a December 2024 report from S&P Global Ratings. Central banks will likely treat the oil spike as a supply-side shock unless it becomes prolonged or starts affecting inflation expectations, according to Luci Ellis, chief economist at Westpac Banking Corp. who previously worked at the Reserve Bank of Australia. The strongest pass-through comes via inflation and business and consumer sentiment, rather than any direct hit to global growth given the relatively small size of both the Israeli and Iranian economies. 'Today's strike highlights that geopolitical uncertainty remains high even though the worst-case scenarios for outcomes on tariffs have faded,' Ellis said. 'Central banks are likely to want to wait and see how the latest events play out rather than draw hasty conclusions.' American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
