The collapse of a regional ceasefire and subsequent US military action have sent shockwaves through energy markets, with analysts warning oil could hit $80 a barrel, threatening the global disinflation thesis. The Strait of Hormuz is no longer considered safe, raising fears of a prolonged conflict.
The tape Bloomberg Surveillance · Jul 8
“The unsettling development here, I think is may very well be that Iran is basically out of control, that the Revolutionary Guard is not going along with whoever is a quote unquote on the moderate side, moderate being that they'd like to cease fire to continue, and they'd like to come out with some sort of agreement.”
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Odd Lots · One of the World's Largest Hedge Funds on Its 86x Growth in Token SpendingJul 9
Man Group has automated its entire quant research process, with AI agents handling everything from analyzing academic papers to building and testing trading models. The firm has seen its AI-related "token consumption" skyrocket 86-fold since January.
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In his first year, CEO David Risher laid off a third of the company, cut prices, and boosted driver pay to claw back market share. Now, he says the future is autonomous, predicting a hybrid network of human drivers and AVs for a "long, long time."