logo
The Gambler's Edge on Wall Street

The Gambler's Edge on Wall Street

Bloomberg11 hours ago

Poker. Blackjack. Chess. What role does traditional game theory play in the markets? And how are successful traders using it? (Source: Bloomberg)
June 24th, 2025, 12:00 PM GMT+0000

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Elon, Inc.: Robotaxi's Underwhelming Texas Rollout
Elon, Inc.: Robotaxi's Underwhelming Texas Rollout

Bloomberg

time32 minutes ago

  • Bloomberg

Elon, Inc.: Robotaxi's Underwhelming Texas Rollout

Over the weekend, while the world was transfixed by war in the Middle East, the Tesla Robotaxi quietly appeared on the streets of Austin, Texas. It didn't stay quiet for long, though. As a handful of Tesla influencers filmed themselves driven through the streets of the red state's famously blue capital, their smartphone videos caught plenty of traffic violations. In this week's episode of Elon, Inc. host David Papadopoulos is joined by Bloomberg Businessweek senior writer Max Chafkin as well as Bloomberg electric vehicles reporter Kara Carlson to break down the launch. Years in the making, and with rivals like Waymo already familiar sights in some big US cities, will Elon Musk be able to spin this as something other than a tepid attempt at catch-up? Tesla investors seem to think so: the stock jumped 8.2% on Monday. Papadopoulos and Chafkin are then joined by Bloomberg social media reporter Kurt Wagner, just back from the Cannes Lions International Festival of Creativity. Wagner discusses X's participation, or rather absence, from the all-important advertising event, and goes through how Musk's embattled social media platform has reportedly tried to strong-arm advertisers to return by threatening lawsuits. This prompted Papadopoulos to speculate about the equivalent situation for hot dog vendors or shovel salesmen. Lastly, the crew discuss a few additional news item from the week, namely an exploding SpaceX rocket and the recent report that Musk doesn't use a computer.

In Hell, Men Wear Shorts to Work
In Hell, Men Wear Shorts to Work

Bloomberg

time2 hours ago

  • Bloomberg

In Hell, Men Wear Shorts to Work

Opinion Newsletter Jessica Karl, Columnist When half the country is melting under a heat dome, the office dress code gets thrown out the window. Save This is Bloomberg Opinion Today, the increasingly chaotic climate of Bloomberg Opinion's opinions. Sign up here. In the time that it took me to ride the elevator up to the main floor of Bloomberg's midtown office, grab two cheese sticks and walk to my desk this morning, I encountered 13 pairs of shorts. Thirteen!!!! Before it's here, it's on the Bloomberg Terminal

Auto Tariffs Add $2,000 to New Car Prices
Auto Tariffs Add $2,000 to New Car Prices

Yahoo

time2 hours ago

  • Yahoo

Auto Tariffs Add $2,000 to New Car Prices

President Trump's tariffs are hitting car buyers hard, with prices expected to rise nearly $2,000 per vehicle, according to consulting firm AlixPartners. The firm estimates that automakers will pass on 80% of the $30 billion tariff cost, adding about $1,760 per car, according to Bloomberg. 'These tariffs bring a big wall of cost,' said Mark Wakefield, AlixPartners' global auto lead. 'We see consumers taking the majority of the hit.' General Motors and Ford have already projected tariff-related hits of $5 billion and $2.5 billion, respectively, and plan to offset some of it through price hikes. Wakefield warned this will result in around 1 million fewer cars sold in the U.S. over the next three years. Still, AlixPartners sees a rebound, projecting U.S. auto sales to hit 17 million by 2030. Bloomberg reports that while the 25% tariff is steep now, the firm expects it to ease as trade deals evolve, predicting a drop to 7.5% for assembled cars and 5% for parts. 'This tariff wall is not likely to last forever,' Wakefield noted. What may have longer-lasting consequences, however, is the Trump administration's rollback of EV incentives, including the $7,500 consumer tax credit. Without that support, Americans are expected to 'follow their pocketbook,' Wakefield said, and stick with gas-powered cars. As a result, AlixPartners slashed its EV forecast for 2030. They now see battery electrics making up just 17% of U.S. car sales—down from an earlier prediction of 31%. Internal combustion engines, previously expected to fall to one-third of sales, are now projected to hold at 50%. Traditional hybrids are forecast to reach 27%, while plug-in hybrids will make up only 6%. Wakefield warned that these policy shifts could seriously undercut U.S. automakers in the global EV race, potentially making them reliant on Chinese platforms and technology. 'It makes it much more likely that they end up licensing or joint venturing or otherwise using platforms and EV technologies from China,' he said. And while American automakers might still dominate one segment, Wakefield had a biting prediction: 'They'll have the world's best V8 engines by 2028. They'll probably also have the world's only V8 engines by 2028.' By More Top Reads From this article on 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store