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1 day ago | 
cheddar.com | Peter Green
Forget Brad and Angelina, Ben and Jenn, The Beatles, Brexit, or even Henry VIII and his wives. This is the biggest split in recent history. Donald Trump and Elon Musk have officially ended their bromance, and it looks like it will spell trouble for the house of government-subsidized cards that make up Elon's business empire.
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1 week ago | 
cheddar.com | Peter Green
When uncertainty hits the markets, some people see an opportunity to start trading. Take the latest Wall Street phenomenon, the so-called "TACO trade," for example. Coined by Financial Times reporter Robert Armstrong, the term is short for "Trump Always Chickens Out," and it's a trade to buy stocks that fall when Trump announces punitive tariffs of one kind or another, and then sell them when, a few days later, Trump inevitably backs off on his tariff threat. Volatility, meet trading opportunity.
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2 weeks ago | 
cheddar.com | Peter Green
It's been a bumpy ride for Uber $UBER, which lost billions of dollars under founder Travis Kalanick, subsidizing rides to win users away from traditional taxi and car rental services. But it looks like under the leadership of CEO Dara Khosrowshahi, who arrived in 2017, the ride-hailing app is finally back in the good graces of investors-and riders.
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3 weeks ago | 
cheddar.com | Peter Green
Forget punch cards, forget Charlie Chaplin selling PCs. Forget ThinkPads. All that was sold off years ago. IBM, the company that turned the personal computer and the laptop into household items, has reinvented itself as an AI consulting company, and its stock is booming. Still part of the slower and sturdier Dow Jones Industrial Average (it makes mainframes and quantum computers), IBM's shares are up 20% this year, while the Dow is down half a point since January 1. How did that happen?
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4 weeks ago | 
cheddar.com | Peter Green
CVS has itself covered coming and going: It's not just a retail pharmacy where generics cost twice what they sell for at independent drug stores-it's also a health insurer, a general retailer and, most lucrative of all, a pharmacy benefits manager. Tie all those together, and you have a healthcare conglomerate whose shares are up more than 50% so far this year. Good news, right? Well, kinda.
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1 month ago | 
cheddar.com | Peter Green
The first 100 days of Donald Trump's presidency have been bad for the stock market. Since Trump took office on January 21, the Dow is down 7.23%, the S&P 500 is down 7%, and the economy contracted by 0.3% in Q1. It looks like the first chapter of an impending recession. Some companies, however, are making a silk purse of this sow's ear economy. Take Palantir, the tech, surveillance, and military contractor co-founded by chairman Peter Thiel and CEO Alex Karp.
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1 month ago | 
cheddar.com | Peter Green
It ain't over yet. Slagging off Fed chair Jerome Powell, and threatening to fire him didn't do Donald Trump any favors. "If I want him out, he'll be out of there real fast, believe me," Trump told reporters at the White House a week ago. The stock and bond markets balked, with the S&P 500 dropping 3.36% on Monday when markets reopened after the Good Friday holiday. So Trump backed down for now, which at least got the S&P back up about 4.2%.
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1 month ago | 
cheddar.com | Peter Green
For the world's most successful bank, Goldman Sachs sure seems to be having trouble deciding where the economy is going. In a series of reports, as well as statements by CEO and part-time DJ David Solomon, the quintessential Wall Street bank has been calling a recession, then backing down, then calling it again. It's a delicate balancing act for Solomon, who has seen how the Trump Administration can focus unwanted scrutiny on law firms and universities. He wants to keep his company safe.
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1 month ago | 
cheddar.com | Peter Green |Peter Gréen
Has President Donald Trump bitten off more than he can chew? Wilbur Ross, the secretary of Commerce during Trump's first term, certainly thinks so, as he explained in an exclusive interview with us on Wednesday, shortly before Trump announced a 90-day pause on his plan to impose punitive sanctions on America's trading partners. (This interview has been condensed and edited for clarity.)What do you make of this current situation?
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2 months ago | 
cheddar.com | Peter Green |Peter Gréen
It wasn't a war plan. It wasn't a battle plan. It was simply a broadside unloaded on the source of American prosperity, the trading partners who buy our stuff and fund our deficits. If anyone still thought President Donald Trump was bluffing when he said he'd slap tariffs on all of America's imports, the cards are now on the table, and none of them are jokers.
