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Bloomberg
20 minutes ago
- Bloomberg
The BLS Blame Game Has Two Sides
Did Trump fire the BLS chief for political reasons? Or was a career government economist actually manipulating data to make him look bad? Whichever you believe, the aftermath isn't good, says Bloomberg Opinion columnist Kathryn Anne Edwards. (Source: Bloomberg)


Bloomberg
an hour ago
- Bloomberg
Palantir Reports Sales Up 48%, Cites ‘Astonishing' AI Impact
Palantir Technologies Inc. reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the 'astonishing impact' of artificial technology on its business. The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts' prior expectation of $3.91 billion. The shares gained about 4% in extended trading after closing at $160.66 in New York. Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors. The company's $1 billion revenue in the period ended June 30 exceeded analysts' average estimate of $939 million. It said growth was particularly strong in the US, where sales jumped 68% to $733 million. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Trump Slaps Tariffs, Modi Fires Back -- Is India Breaking Away from the US?
Indian Prime Minister Narendra Modi isn't backing down. Days after President Donald Trump slapped a surprise 25% tariff on Indian exports and warned of more action over India's oil ties with Russia, Modi doubled down on his buy local message. He urged citizens to prioritize Indian-made goods, while sources familiar with the matter told Bloomberg that New Delhi hasn't ordered refiners to stop buying Russian crude. Instead, refinersboth public and privateare still choosing suppliers based on commercial logic. The backdrop: Trump is ramping up pressure on India for its energy and diplomatic relationship with Moscow, just as global markets remain uneasy over war financing and shifting trade alliances. Warning! GuruFocus has detected 9 Warning Signs with GS. The rhetoric is heating up fast. Trump's team has accused India of cheating the US on trade and immigration, and signaled that all options are on the table to respond to its Russian oil purchases. But while the public messaging may sound tough, India isn't giving up much. Officials said US trade talks are still on, but they won't open up politically sensitive sectors like agriculture and dairy. And recent dealslike the one India just signed with the UKsuggest that Modi's government is moving at its own pace, carefully protecting domestic interests even while staying at the negotiating table. The pushback highlights how India, now the world's fastest-growing large economy, is becoming less willing to compromise under outside pressure. Despite the rising tension, markets aren't panicking. Indian equities climbed on Monday, while the rupee and government bonds also strengthened. The boost came after oil prices dropped sharplythanks to OPEC+ signaling it could raise output in Septemberwhich is a major win for India, a net fuel importer. While Indian refiners are preparing fallback plans in case Russian crude becomes unavailable, there's no sign of a near-term disruption. India is signaling it may not easily yield to pressure, even from a key partner. For global investors watching this unfoldincluding those with exposure to geopolitical-sensitive names like Tesla (NASDAQ:TSLA)India's balancing act between Washington and Moscow could become a defining theme for emerging market strategy in the months ahead. This article first appeared on GuruFocus.