Never miss an episode. Follow The Big Take daily podcast today. The 2026 World Cup kicks off today in Mexico City. It’ll be the largest in FIFA’s history, spanning three host countries and 48 competing teams and is expected to generate between $11 and $13 billion. But the tournament’s expansion comes at the expense of fans navigating a new dynamic pricing model and cities shouldering overhead cost...
Never miss an episode. Follow The Big Take daily podcast today. The 2026 World Cup kicks off today in Mexico City. It’ll be the largest in FIFA’s history, spanning three host countries and 48 competing teams and is expected to generate between $11 and $13 billion. But the tournament’s expansion comes at the expense of fans navigating a new dynamic pricing model and cities shouldering overhead costs. On today’s Big Take, host David Gura, Bloomberg’s Vanessa Perdomo and economist Andrew Zimbalist track who stands to profit the most from the people’s game. Read more: The Hidden Cost of the Most Expensive World Cup Ever Listen more: The \ We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: David Fox; Editor: Aaron Edwards; Fact-checker: Laura Newcombe and Rachael Lewis-Krisky; Sound Design/Engineer: Emma Munger; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financin...
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
The best images from Mexico City Stadium as the 2026 World Cup got under way, with Shakira and Burna Boy starring in the first of the tournament’s three opening ceremonies before El Tri made easy work of their opener against Bafana Bafana Continue reading...
The best images from Mexico City Stadium as the 2026 World Cup got under way, with Shakira and Burna Boy starring in the first of the tournament’s three opening ceremonies before El Tri made easy work of their opener against Bafana Bafana Continue reading...
jetcityimage Lyft ( LYFT ) is joining rival Uber Technologies ( UBER ) in fighting a New York City law that would limit the ride-sharing platform’s ability to deactivate high-risk and/or dangerous drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from deactivating or dismissing drivers without “just cause” (fraud, egregi...
jetcityimage Lyft ( LYFT ) is joining rival Uber Technologies ( UBER ) in fighting a New York City law that would limit the ride-sharing platform’s ability to deactivate high-risk and/or dangerous drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from deactivating or dismissing drivers without “just cause” (fraud, egregious misconduct, harassment) or a “bona fide economic reason.” Lyft filed its lawsuit late Wednesday in Manhattan federal court, 24 hours after Uber ( UBER ). "These prohibitions fundamentally rewrite the contractual terms that entitle Lyft to immediately deactivate drivers who pose a risk to rider and public safety or whose conduct threatens to disrupt Lyft's platform," the company said in its lawsuit. More on Lyft, Uber Uber: The Platform Is Maturing And Improving, But The Upside Is Only Beginning Lyft: Deeply Discounted Cash Machine Facing Overstated AV Risk Uber Technologies, Inc. (UBER) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Uber fights against NYC law protecting deactivated drivers Most and least shorted industrial stocks with market caps between $2B-$10B as of end-May
The dollar index (DXY00 ) fell from a 2-month high on Thursday, finishing down by -0.17%. The dollar gave up an early advance on Thursday and moved lower after stocks rallied sharply and crude oil prices sank when President Trump said he called off planned strikes against Iran and that...
The dollar index (DXY00 ) fell from a 2-month high on Thursday, finishing down by -0.17%. The dollar gave up an early advance on Thursday and moved lower after stocks rallied sharply and crude oil prices sank when President Trump said he called off planned strikes against Iran and that...
Oracle (NYSE:ORCL) , an enterprise software and cloud services provider, closed Thursday at $184.10, down 8.53%. The stock dropped after its fiscal Q4 earnings beat was overshadowed by guidance for sharply higher AI-related capital spending and negative free cash flow. Trading volume reached 63.1 million shares, about 128% above its three-month average of 27.6 million shares. Oracle IPO'd in 1986 ...
Oracle (NYSE:ORCL) , an enterprise software and cloud services provider, closed Thursday at $184.10, down 8.53%. The stock dropped after its fiscal Q4 earnings beat was overshadowed by guidance for sharply higher AI-related capital spending and negative free cash flow. Trading volume reached 63.1 million shares, about 128% above its three-month average of 27.6 million shares. Oracle IPO'd in 1986 and has grown 290,861% since going public. The S&P 500 rose 1.73% to finish Thursday at 7,393, while the Nasdaq Composite gained 2.54% to close at 25,810. Within software and infrastructure names, Microsoft closed at $390.34, down 1.77%, and Salesforce finished at $166.49, falling 2.59%, outperforming Oracle’s steeper decline. By most measures, Oracle’s Q4 results were excellent: Continue reading
Coupang (NYSE:CPNG), a South Korean e-commerce platform offering diverse products and services, closed Thursday at $17.27, up 14.25%. The stock moved higher after regulators finalized a record privacy fine that came in below worst-case fears. Investors are watching how the charge
Coupang (NYSE:CPNG), a South Korean e-commerce platform offering diverse products and services, closed Thursday at $17.27, up 14.25%. The stock moved higher after regulators finalized a record privacy fine that came in below worst-case fears. Investors are watching how the charge
Mesut Dogan/iStock Editorial via Getty Images Oracle ( ORCL ) reported Q4 FY26 results , and, in my view, the headline HFT algos did what they do best: they saw a $70 billion CapEx guide, compared it to the $67.66 billion consensus, and hit sell. The stock is down in the low teens % after the print. I was a bull on Oracle since November last year, and up until a few days ago, I had a position via ...
Mesut Dogan/iStock Editorial via Getty Images Oracle ( ORCL ) reported Q4 FY26 results , and, in my view, the headline HFT algos did what they do best: they saw a $70 billion CapEx guide, compared it to the $67.66 billion consensus, and hit sell. The stock is down in the low teens % after the print. I was a bull on Oracle since November last year, and up until a few days ago, I had a position via call options, which I closed as I've been raising cash during the dip in the broader markets. I'm now doubtful whether to buy this post-earnings dip. My last piece was literally titled " Oracle: Still Priced Like It's Dead Money. " I argued that the market would eventually reward the growth story of this company. Just look at the Street's revenue models below and see the trend in the y/y growth rate. Seeking Alpha It would appear that I was wrong with my thesis, as Oracle is starting to feel (at least, to me) like it's dead money. On top of that, there is a risk that is keeping me up at night lately. The likes of Goldman Sachs and JPMorgan have both flagged broader (not Oracle-specific) datacenter construction delays. In fact, JPMorgan is estimating that more than 60% of the capacity planned for 2027 completion is not yet under construction. The words "datacenter delay" are at the top of my mind when I talk about hyperscalers. Why? Well, if the buildout is delayed, guess what happens with the RPO to revenue conversion metrics? Exactly, revenue is pushed to the right (i.e., 2027 and beyond). CoreWeave's Q3 FY25 quarter comes to my mind, for some reason. I'm tempted, but I haven't bought the dip yet. Below, I explain what's keeping me from doing so. The Selloff Post Q4 FY26 Earnings Let's start with dessert. The market (in my view, mainly headline HFT algos) panic sold this stock after management guided $70B in net cash outlays for FY27 CapEx. ORCL For reference, the consensus was looking for $67.66B. Now, there is a very important detail worth noting during the Q&A . The det...
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT The Starlink logo appears on a smartphone screen with a starry night sky in the background. Nurphoto | Nurphoto | Getty Images As investors line up to buy SpaceX stock in the largest IPO on record, about the only real business they have to evaluate is Starlink , the company's satellite internet division. It's by far the biggest b...
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT The Starlink logo appears on a smartphone screen with a starry night sky in the background. Nurphoto | Nurphoto | Getty Images As investors line up to buy SpaceX stock in the largest IPO on record, about the only real business they have to evaluate is Starlink , the company's satellite internet division. It's by far the biggest by revenue, the only piece of the company that's profitable, and it boasts a dominant market position, with consumer broadband customers more than doubling over the past year to 10.3 million, SpaceX says. Meanwhile, the company's space, and artificial intelligence segments generated a combined $1.4 billion in first-quarter revenue, while their operating losses totaled $3.1 billion in that stretch. But even for Starlink, there are significant hurdles to expansion, making it harder for prospective investors to determine a reasonable price to pay for shares. SpaceX is still targeting a market cap of $1.77 trillion. SpaceX is relying on its Starship rockets, the largest ever built or launched, to begin flying and deploying its new V3 satellites to massively expand their Starlink service. The rockets are still being tested and have mostly carried dummy satellites to space so far. According to its IPO filings, SpaceX has accumulated a deficit of $41.3 billion since it was founded in 2002, and recorded an operating loss of $1.9 billion in the first quarter. The company has spent more than $15 billion developing Starship. SpaceX CFO Bret Johnsen said during the investor roadshow that "10 million customers can become hundreds of millions of customers around the world in time, because it's so much more efficient to deliver to so many different locations from space than it is terrestrially." Johnsen also said SpaceX plans to bring 5G-equivalent service to consumer devices within two years. Based on the figures SpaceX is putting out now, average revenue per using is dropping. The number...
July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...
July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...