Trump administration’s unlawful policy turns ‘refugees’ American Dream into a dystopian nightmare’, judge says A federal judge has blocked a Trump administration policy that allowed immigration authorities to arrest and detain certain refugees in Minnesota, ruling that the government relied on an incorrect interpretation of federal law and unlawfully targeted people who had already been admitted t...
Trump administration’s unlawful policy turns ‘refugees’ American Dream into a dystopian nightmare’, judge says A federal judge has blocked a Trump administration policy that allowed immigration authorities to arrest and detain certain refugees in Minnesota, ruling that the government relied on an incorrect interpretation of federal law and unlawfully targeted people who had already been admitted to the US. In an order on Friday, the court said the administration’s approach had effectively been “terrorizing” refugees by subjecting them to arrest and potentially indefinite detention despite their lawful status. The judge concluded that federal immigration law does not give the Department of Homeland Security (DHS) authority to detain refugees simply because more than one year has passed since their arrival in the country. Continue reading...
Zscaler Founder, Chairman and CEO Jay Chaudhry joins Bloomberg Businessweek Daily to discuss the company's latest earnings results, which weren't seen as strong enough to reverse some of the recent negative sentiment toward software companies. The firm is also expanding its portfolio beyond its core secure access service edge product, which is fueled by AI and data-security offerings tied to the d...
Zscaler Founder, Chairman and CEO Jay Chaudhry joins Bloomberg Businessweek Daily to discuss the company's latest earnings results, which weren't seen as strong enough to reverse some of the recent negative sentiment toward software companies. The firm is also expanding its portfolio beyond its core secure access service edge product, which is fueled by AI and data-security offerings tied to the deployment of AI agents. Amid broader AI worries, Chaudhry also says that AI is "an opportunity... not a threat" to Zscaler. Chaudhry speaks with Carol Massar, Tim Stenovec, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh. (Source: Bloomberg)
Andrii Dodonov/iStock via Getty Images By Jennifer Nash The latest report on the Producer Price Index (PPI) shows that wholesale inflation for final demand increased by 0.5% in January. This uptick was higher than the expected 0.3% growth and follows a 0.4% increase in December. On an annual basis, the headline PPI cooled from 3.0% to 2.9% year-over-year, but still came in above the forecast of 2....
Andrii Dodonov/iStock via Getty Images By Jennifer Nash The latest report on the Producer Price Index (PPI) shows that wholesale inflation for final demand increased by 0.5% in January. This uptick was higher than the expected 0.3% growth and follows a 0.4% increase in December. On an annual basis, the headline PPI cooled from 3.0% to 2.9% year-over-year, but still came in above the forecast of 2.6%. Core PPI, which excludes food and energy prices, was up 0.8% in January after a 0.6% reading in December. This was higher than the expected 0.3% monthly growth. On an annual basis, core PPI heated up to 3.6% in January from 3.3% in December, coming in above the projected 3.0% reading. Producer Price Index: Finished Goods The BLS shifted its focus to the "final demand" PPI series in 2014, but data for these series extend only back to November 2009 for headline PPI and April 2010 for core PPI. Since our analysis emphasizes longer-term trends, we continue to track the legacy PPI for finished goods, which the BLS still includes in its monthly updates. As a later overlay chart will illustrate, the final demand and finished goods indexes remain highly correlated. In January, the PPI for finished goods was down -0.8% month-over-month, down from -0.1% in December. Year-over-year, headline PPI for finished goods cooled to 0.7% from 1.9% in December. Meanwhile, core PPI for finished goods was up 0.4% on the month, up from 0.3% in December. On an annual basis, core PPI for finished goods heated up to 3.8% from 3.4% in December, its highest reading since July 2023. Producer Price Index (PPI) vs. Consumer Price Index (CPI) Both PPI and CPI illustrate monthly price changes. However, as their names suggest, the Producer Price Index measures price changes from the producer perspective, whereas the Consumer Price Index measures price changes from the consumer perspective. PPI is thought to be a leading indicator of consumer inflation because, for the most part, when producers pay more f...
Paramount Skydance received a big vote of confidence from its controlling shareholders, including the Ellison family, when they agreed to fully back an equity offering to help fund the company’s deal for Warner Bros. Discovery at a big premium above Paramount’s stock price. Late Friday, Paramount outlined some of the financial highlights of its $110 billion deal for Warner Bros at $31 a share in c...
Paramount Skydance received a big vote of confidence from its controlling shareholders, including the Ellison family, when they agreed to fully back an equity offering to help fund the company’s deal for Warner Bros. Discovery at a big premium above Paramount’s stock price. Late Friday, Paramount outlined some of the financial highlights of its $110 billion deal for Warner Bros at $31 a share in cash.
bennymarty/iStock Editorial via Getty Images About eight months ago, in June 2025, I published my last article about Adobe ( ADBE ), and while my articles published between June 2022 and December 2024 were rated with a “Hold,” the June 2025 article was the first in which I was more bullish. And looking back, we can state that my “Hold” ratings were probably correct, and so far, Adobe has not been ...
bennymarty/iStock Editorial via Getty Images About eight months ago, in June 2025, I published my last article about Adobe ( ADBE ), and while my articles published between June 2022 and December 2024 were rated with a “Hold,” the June 2025 article was the first in which I was more bullish. And looking back, we can state that my “Hold” ratings were probably correct, and so far, Adobe has not been a great investment. When one would have bought the stock at the point the articles were published, one would have lost money. In my last article, however, I wrote in the conclusion: Although the stock was trading for cheaper prices in the past, this is the first time I would see Adobe as a cautious “Buy” instead of a “Hold” during my last articles. In the last three years, the fundamentals of Adobe improved, and therefore the stock is a “Buy” today, although it's trading for a slightly higher price than three years earlier when I rated the stock only as a "Hold." This assessment and “Buy” rating was wrong – really wrong. Since my last article was published, Adobe has declined 40% and now the stock is trading more than 60% below its previous all-time high. Data by YCharts When looking back at the history of Adobe, we see several years of steep declines for the stock – and the current decline is not even the steepest. T he stock suffered several drawdowns of 50% or more. Nevertheless, the stock seems very cheap at this point. I already rated the stock as a “Buy” in my last article, and now – with the stock trading 40% lower again – we take another look and argue why Adobe seems like a bargain, in my opinion. Software companies are under attack, but Adobe is not only reporting still great metrics - it's also trading for very low valuation multiples. Hence, many risks - including less consistent growth rates over the years - should already be reflected in the stock price, making it difficult to be bearish. Extremely Low Valuation Multiples We start by looking at the extremely l...
Duolingo was under pressure post-earnings after it said its drive to gain subscribers would mean slower earnings growth and narrower profit margins in the short term. The language-learning app company said it would step up investment in artificial intelligence and sacrifice some degree of monetization in order to accelerate user growth and engagement, with the goal of doubling the current number o...
Duolingo was under pressure post-earnings after it said its drive to gain subscribers would mean slower earnings growth and narrower profit margins in the short term. The language-learning app company said it would step up investment in artificial intelligence and sacrifice some degree of monetization in order to accelerate user growth and engagement, with the goal of doubling the current number of daily active users to 100 million in 2028. Duolingo Co-Founder, Chairman, President & CEO Luis von Ahn joins Bloomberg Businessweek Daily to discuss. von Ahn also weighs in on how the app is using AI to bolster its language-learning programs. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
For the past year, the enterprise AI community has been locked in a debate about how much freedom to give AI agents. Too little, and you get expensive workflow automation that barely justifies the "agent" label. Too much, and you get the kind of data-wiping disasters that plagued early adopters of tools like OpenClaw. This week, Google Labs released an update to Opal , its no-code visual agent bui...
For the past year, the enterprise AI community has been locked in a debate about how much freedom to give AI agents. Too little, and you get expensive workflow automation that barely justifies the "agent" label. Too much, and you get the kind of data-wiping disasters that plagued early adopters of tools like OpenClaw. This week, Google Labs released an update to Opal , its no-code visual agent builder, that quietly lands on an answer — and it carries lessons that every IT leader planning an agent strategy should study carefully. The update introduces what Google calls an "agent step" that transforms Opal's previously static, drag-and-drop workflows into dynamic, interactive experiences. Instead of manually specifying which model or tool to call and in what order, builders can now define a goal and let the agent determine the best path to reach it — selecting tools, triggering models like Gemini 3 Flash or Veo for video generation, and even initiating conversations with users when it needs more information. It sounds like a modest product update. It is not. What Google has shipped is a working reference architecture for the three capabilities that will define enterprise agents in 2026: Adaptive routing Persistent memory Human-in-the-loop orchestration ...and it's all made possible by the rapidly improving reasoning abilities of frontier models like the Gemini 3 series . The 'off the rails' inflection point: Why better models change everything about agent design To understand why the Opal update matters, you need to understand a shift that has been building across the agent ecosystem for months. The first wave of enterprise agent frameworks — tools like the early versions of CrewAI and the initial releases of LangGraph — were defined by a tension between autonomy and control. Early models simply were not reliable enough to be trusted with open-ended decision-making. The result was what practitioners began calling "agents on rails": tightly constrained workflows where ...
Bad Bets: Massive EV Subsidies Not Paying Off Authored by James Varney via RealClearInvestigations , The future was supposed to have arrived this year in a cluster of counties just east of Atlanta in the form of a state-of-the-art factory that would churn out 400,000 electric vehicles a year. But when JoEllen Artz looks about her lifetime neighborhood, all she sees are holes. “Those shovel holes t...
Bad Bets: Massive EV Subsidies Not Paying Off Authored by James Varney via RealClearInvestigations , The future was supposed to have arrived this year in a cluster of counties just east of Atlanta in the form of a state-of-the-art factory that would churn out 400,000 electric vehicles a year. But when JoEllen Artz looks about her lifetime neighborhood, all she sees are holes. “Those shovel holes they made in the ground? That’s it,” she said of the planned site of a Rivian manufacturing plant. “It’s awful, awful.” The problem is not a lack of funds . On the promise of thousands of jobs, elected officials in Washington, D.C., and Atlanta have pledged some $8 billion to the project, including a $6.5 billion loan the Biden administration green-lit in its final hours . Those loans are just two of the huge public bets, or investments, that state capitals and Washington, D.C., have made on EVs. While no one has calculated exactly how many federal and state dollars both Republican and Democratic elected officials have sent to that green sector, experts RealClearInvestigations consulted fixed the total north of $100 billion. Overhanging that massive spending, however, is the issue of demand for EVs, or more precisely, the lack of it. In 2025, Rivian said it sold 25,000 EVs in the U.S., far below estimates of 40,000 to 51,000 vehicles. The company’s revenues were flat in 2024 and 2025, coming in around $5 billion. The Georgia plant was supposed to open this year, but the ribbon-cutting is now slated for 2028, according to the company. When it comes to electric vehicles, the U.S. consumer has spoken , as Ford CEO Jim Farley said earlier this month. Tesla is one of the few profitable manufacturers, and even its numbers are falling . But while people may not be opening their private wallets for EVs, the public purse for them is bulging. An RCI analysis has identified tens of billions of dollars in federal, state, and local subsidies to support EVs in recent years. Now, in light ...