Odd Lots

Why Treasuries Are 'Risky' Again

We all know that US Treasury yields have been surging, alongside bond yields all around the world. So what explains the selloff and does this mean that bonds are becoming

How Airlines Actually Hedge Higher Fuel Prices

Fuel is a huge expense for airlines, and even on a good day, jet fuel prices are pretty volatile. Throw in two major wars now effecting energy infrastructure, and fuel pr

Everything in Markets Is Now Moving Incredibly Fast

The market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks a

Why Building a Crosswalk in LA Is Kafkaesque

Bill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer t

Hollywood Was Cooked Before AI, and Now It's Only Getting Worse

Is Hollywood just screwed? Writers are earning less. There are fewer shoots taking place in Los Angeles. And people are freaked out about AI. But according to Hayes Daven

AI Is Upending the Lives of People Who Do Social Media Professionally

Social media is really strange these days: Increasingly, our feeds are starting to look uncanny, as AI slop proliferates all over the Internet. And for the professionals

How LA Is Quietly Becoming America's New Industrial Tech Hub

The story you hear nowadays is that America is struggling to make things and can't compete with China when it comes to advanced manufacturing. But of course, there's tons

Introducing: Bloomberg Money

Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. See omnystudio.com/listener for privacy information.

A Goldman M&A Banker Helped Bring the Olympics to Los Angeles

We're in an era of megadeals, with Goldman Sachs reporting a record year for big deal volumes as companies scramble to compete with AI. Gene Sykes has seen multiple deal

There's a Mind-Boggling Number of Rich People in America

In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out

What Francis Fukuyama Is Seeing at 'The End of History'

Francis Fukuyama's essay “The End of History?” was published in the summer of 1989, a few months before the fall of the Berlin Wall. The essay's argument — that liberal d

OpenAI President Greg Brockman on Doing Business in the Wake of Hugging Face

According to OpenAI President Greg Brockman, the models that escaped their sandbox and hacked into Hugging Face's servers had yet to go through alignment training. That t

Robert Friedland on the World's Monumental Shortage of Copper

Copper demand is booming, with the metal surging another 15% this year. Copper demand has always been tightly linked to economic activity, but now it's in overdrive, than

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the h

The Rise of Organized Retail Crime at Big Box Stores

If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So h

Why Money Launderers Love $100 Bills

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation — especially big

Why Laser Beams Are the Hottest New Tech in Defense

Our guest today is Colonel Sanders. More precisely, we speak with Wayne Sanders, a retired US army colonel who is currently senior defense research analyst for Bloomberg

What's Behind the Big Surge in US Government Bond Yields

Global bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise incre

Adam Posen Thinks Things Could Get Very 'Messy' for the Fed

Kevin Warsh gave a hawkish speech at this year's annual Kansas City Fed Symposium in Jackson Hole, but that doesn't mean the challenges are over. Will the Fed actually pu

Richmond Fed’s Tom Barkin on the Surprisingly Resilient Real Economy

The implications of Fed Chair Kevin Warsh's Jackson Hole speech are pretty clear: Traders expect a rate hike given the hawkish hints littered in his address, largely focu