Single Best Idea: Lipsky & Belski
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with John Lipsky & Brian Belski. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF
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Miami Herald
33 minutes ago
- Miami Herald
Cathie Wood names the one stock she values above all others
While the stock market has certainly seen its share of ups and downs over the year, any investor will tell you that 2025 has been unique in terms of volatility. After all, it's not every year that a president introduces tariffs of such a sweeping nature as President Donald Trump did this April. While Trump had certainly talked about his plan for tariffs in the past, seeing the actual numbers sent people into a tizzy. Don't miss the move: Subscribe to TheStreet's free daily newsletter The market took a sharp drop at first as concerns about economic impact boiled, but as Trump softened on some of his original stances and placed a 90-day pause on tariffs to allow time for negotiation with other countries, it slowly began to recover its footing. Related: Jim Cramer says these hot new stocks are ones to watch Investors have been understandably shaken over the uncertain landscape, wondering if they should hold their cards or dump stocks that might be badly battered should the worst of Trump's tariffs go into effect. Many are looking to stock market experts in hopes of getting some advice about the situation, and in a new interview, Ark Invest's Cathie Wood did just that. Image source: Fallon/Getty Images During an interview with Steven Bartlett for his YouTube series Diary of a CEO, Wood was asked if she could invest in any one stock right now what her pick would be. "Ok, well I have to give you our top pick," Wood said. "It would be Tesla (TSLA) if I had to give you one stock." More AI Stocks: Wall Street veteran doubles down on PalantirAnalysts double price target of new AI stock backed by NvidiaOpenAI teams up with legendary Apple exec Wood paused before going on to explain her reasoning. Related: Shark Tank's Kevin O'Leary has a bold take on Trump-Musk feud "Because think about it," she said. "It is a convergence among three of our major platforms: robots, energy storage, AI." "And it's not stopping with robotaxis. There's a story beyond that with humanoid robots. And our $2,600 number has nothing to do with humanoid robots. We just thought it would be an investment period ... but I think he's going to start generating not only productivity gains internally, but revenues from humanoid robots," Wood said. While Tesla CEO Elon Musk has been subjected to a lot of criticism as of late between his involvement with President Donald Trump, DOGE, and his neglect of Tesla because of it, Wood seemed unphased by it all, calling him a "genius of our time." "I think he's the Thomas Edison of our age in terms of his innovative ingenuity," Wood said. "And I also think, having met him a number of times, I think he's a very good person. He wants to do the right thing. If I had to say one thing about him, he wants to do the right thing to transform the lot of most of humanity." Wood went on to address the backlash Musk has gotten in terms of Tesla owners who have sold their cars or otherwise become publicly critical of Tesla. "Tesla, you know, was an environmental move," she said. "Which I think a lot of people attacking his cars, who are, you know, very supportive of the environmental movement, they've forgotten [about him] sending a rocket to Mars with humanoid robots and ultimately people he thinks will transform life on earth as well." "Because what we've learned from space history and material science and technologies that help us break through into these very difficult problems to solve is going to help us here on earth." Related: Surprising Trump, Musk rift worsens a huge Tesla problem The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
The Verge
33 minutes ago
- The Verge
China shuts down AI tools during nationwide college exams
Chinese AI companies have temporarily paused some of their chatbot features to prevent students from using them to cheat during nationwide college exams, Bloomberg reports. Popular AI apps, including Alibaba's Qwen and ByteDance's Doubao, have stopped picture recognition features from responding to questions about test papers, while Tencent's Yuanbao, Moonshot's Kimi have suspended photo-recognition services entirely during exam hours. The increasing availability of chatbots has made it easier than ever for students around the world to cheat their way through education. Schools in the US are trying to address the issue by reintroducing paper tests, with the Wall Street Journal reporting in May that sales of blue books have boomed in universities across the country over the last two years. The rigorous multi-day 'gaokao' exams are sat by more than 13.3 million Chinese students between June 7-10th, each fighting to secure one of the limited spots at universities across the country. Students are already banned from using devices like phones and laptops during the hours-long tests, so the disabling of AI chatbots serves as an additional safety net to prevent cheating during exam season. When asked to explain the suspension, Bloomberg reports the Yuanbao and Kimi chatbots responded that functions had been disabled 'to ensure the fairness of the college entrance examinations.' Similarly, the DeepSeek AI tool that went viral earlier this year is also blocking its service during specific hours 'to ensure fairness in the college entrance examination,' according to The Guardian. We were unable to find any public announcements from the AI companies mentioned, with The Guardian reporting that news around the shutdowns is being driven by students on the Chinese social media platform Weibo. The gaokao entrance exam incites fierce competition as it's the only means to secure a college placement in China, driving concerns that students may try to improve their chances with AI tools.
Yahoo
39 minutes ago
- Yahoo
US-China Trade Talks Start in London to Address Export Curbs
(Bloomberg) -- Trade talks between the US and China kicked off in London, with the US signaling a willingness to remove restrictions on some tech exports in exchange for assurances that China is easing limits on rare earth shipments. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World Trump Said He Fired the National Portrait Gallery Director. She's Still There. US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Senator Calls for Closing Troubled ICE Detention Facility in New Mexico The meeting, which began Monday just after 1 p.m. local time, is expected to extend into the UK evening and may restart Tuesday if necessary. The Trump administration expects that 'after the handshake' in London, 'any export controls from the US will be eased and the rare earths will be released in volume' by China, Kevin Hassett, head of the White House's National Economic Council, told CNBC. Hassett's comments from Washington were the clearest signal yet that the US is willing to offer such a concession, though he added that the US would stop short of including the most sophisticated US chips made by Nvidia Corp. used to power artificial intelligence. 'The very, very high-end Nvidia stuff is not what I'm talking about,' Hassett said, adding that restrictions would not be lifted on the Nvidia H2O chips that are used to train AI services. 'I'm talking about possible export controls on other semiconductors which are also very important to them.' US stocks flipped between small gains and losses, and Chinese shares trading in Hong Kong entered a bull market, as some investors expressed hope the talks signaled a cooling of trade tensions. The first round of negotiations since the teams met a month ago is aimed at restoring confidence that both are living up to commitments made in Geneva. During those discussions, Washington and Beijing agreed to lower crippling tariffs for 90 days to allow time to hammer out ways to address a trade imbalance that the Trump administration blames on an unfair playing field. GLOBAL PREVIEW: London Calling - US, China Aim to Dodge Clash The confusion after the Geneva meeting about China's rare earth export-permitting process, combined with US limits on tech shipments and Washington's recent crackdown on Chinese student visas, underscore the complexity of deal-making between China and the US. 'They left too many things open to interpretation,' said Josh Lipsky, chair of international economics at the Atlantic Council. The US and China 'just want to get back to where they were in Switzerland with a few more agreements down on paper to actually understand what is gonna be licensed, what gets permitted, what doesn't,' he added. A phone call last week between President Donald Trump and his counterpart Xi Jinping appeared to give fresh momentum to reviving talks and reaching a deal. Delegates Arrive On Monday at London's Lancaster House — where former European Central Bank President Mario Draghi delivered his 'whatever it takes' speech in 2012 — US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet a Chinese delegation led by Vice Premier He Lifeng. The addition of Lutnick, who's in charge of curbs on the sale of advanced technology, signals Trump may be willing to consider reversing some of the restrictions that threaten to hobble China's long-term growth ambitions, ranging from tech supplies to jet engine parts. US-China trade tensions escalated this year as Trump hiked duties on Chinese goods, prompting retaliation from Beijing. That's led to pain in both economies, including distortions in data and uncertainties for businesses trying to navigate sudden changes in trade policy. Earlier on Monday, Chinese government figures showed exports rose less than expected last month as the worst drop in shipments to the US in more than five years counteracted strong demand from other markets. In the US, job growth moderated in May and the prior months were revised lower, indicating employers are cautious about growth prospects. Trump's tariffs are causing uncertainty and delays for US manufacturers, particularly in the Midwest, which is affecting their investment and production plans. --With assistance from Annmarie Hordern, Kasia Klimasinska and Hadriana Lowenkron. (Adds markets, Hassett comments in fourth to sixth paragraphs) The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again What America's Pizza Economy Is Telling Us About the Real One New Grads Join Worst Entry-Level Job Market in Years America Cast Itself as the World's Moral Leader. Not Anymore ©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
