Subrat Patnaik
Reporter at Bloomberg News
Equities at @business. Former technology editor at @Reuters. Views my own, retweets not endorsements. 📧: [email protected]
Articles
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2 weeks ago |
bloomberg.com | Lynn Thomasson |Subrat Patnaik
The back and forth between famed short-seller Jim Chanos and Bitcoin billionaire Michael Saylor is becoming a Wall Street battle for the ages. The two investors have quarreled against one another in separate Bloomberg interviews this week, with Chanos saying that Saylor’s business model is “financial gibberish” and Saylor arguing that Chanos just doesn’t understand it.
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2 weeks ago |
bloomberg.com | Simon Kennedy |Subrat Patnaik
The race to be the next Fed chair is underway. Days after Trump again criticized Powell and said he would name a successor “very soon,” our colleagues in Washington reported on the possible successors, including Bessent. Other runners include:A senior administration official, who spoke on the condition of anonymity, disputed the reporting without providing further specifics. Powell’s term actually doesn’t end until next May and he shows no sign of stepping down early despite Trump’s broadsides.
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2 weeks ago |
news.bloomberglaw.com | Subrat Patnaik
Shares in Robinhood and AppLovin are lower in premarket trading on Monday after S&P Dow Jones Indices left the S&P 500 unchanged in its latest round of quarterly rebalancing on Friday. • Wall Street analysts ahead of the announcement about which companies will be added• Bloomberg Intelligence’s Wendy Soong had AppLovin, Robinhood, Cheniere, Veeva Systems and Vertiv as potential S&P 500 additions
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3 weeks ago |
news.bloomberglaw.com | Jeran Wittenstein |Ryan Vlastelica |Subrat Patnaik
For months, Tesla shareholders were tormented by Elon Musk’s role in the administration of President Donald Trump. But any relief brought by his formal government exit last week quickly turned to fear as the electric-vehicle maker’s chief executive traded barbs with his former boss.
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3 weeks ago |
bloomberg.com | Jeran Wittenstein |Ryan Vlastelica |Subrat Patnaik
For months, Tesla shareholders were tormented by Elon Musk’s role in the Trump administration. But any relief from his exit last week turned to fear as the two traded barbs yesterday. Tesla shares plummeted 14% on Thursday as the president threatened to end government contracts and subsidies for Musk’s companies. The rout slashed $153 billion from Tesla’s market value, the biggest drop on record.
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After Buffett's 5,500,000% Run, a New Era Begins: Markets Daily | The famed investor hands the keys to Berkshire Hathaway and its $350 billion cash pile to Greg Abel. https://t.co/VX5C0tLG5d
Hermès’s market capitalization surpasses that of rival LVMH, the conglomerate which once tried to buy the maker of the Birkin bag in a stealth raid that shocked the French corporate world 15 years ago https://t.co/YGVgUHLjrh via @luxury
Apple Was on Brink of Crisis Before Tariff Concession From Trump https://t.co/WUousR3d5Y
