India's Q3 Current Account Deficit Hits $13bn, FY Total $30bn
India's Current Account Deficit for the Oct-Dec 2025 quarter came in at $13bn. This includes the "tariff" quarter now, and it's not that much. For the full 9 months of this FY, it's a $30bn deficit. Source: RBI https://t.co/SZ3Ufjjzfz
Deal Cash Exceeds McCormick’s $14.2B Market Cap
The cash component of the McCormick-Unilever deal is greater than McCormick's market cap of ~$14.2 billion. Don't see that everyday https://t.co/htFEkz8aBy https://t.co/iWtXnzGFui
Nvidia Backs Openness with $2B Marvell Investment
At GTC, Jensen Huang stressed that Nvidia was vertically integrated and also horizontally open. He’s putting his money where his mouth is on the latter with a $2 billion investment in custom chip and networking company Marvell. $NVDA $MRVL...
From Oil Importer to Exporter, US Still Meddles
20+ years ago we were net importers of and oil and gas and therefore we decided to meddle in the Middle East to protect shipping lanes, etc. Today we are next exporters of oil and gas. I thought that would have...
Act Now: Build Early, Stop Overthinking, Use AI
Advice I needed at 22: • Build earlier • Stop overthinking • Pick one path • Use AI, don’t fear it • Show your work You don’t need more time. You need more action.
Record Margin Debt Signals Looming Market Crash
Margin debt: $1.279 trillion. Record high. 7th consecutive record. The problem isn't just the level. Debt grew 482% in real terms. The market grew 327%. Leverage outpaced the asset it was financing. That gap doesn't compress gradually. It compresses violently — through forced...
True Leadership Training Transforms Organizational Development
RT @JoeContrera Helping leaders understand what it truly means to lead others and then actually building their skills is changing the way organizations are developing their leaders. Here's what clients say: https://t.co/uVftLrCNc4 #leadership #leadershipdevelopment https://t.co/r5Wm1BVKEF
Ant Digital Shows Fintech Can Match Hyperscalers with Full‑Stack AI
Ant Digital Unveils Full-Stack AGI Architecture at IDC Question: Can fintech giants compete with hyperscalers on full-stack AI? Ant Digital positioning with complete vertical integration: → proprietary foundation models (Ling-1T trillion params) → finance-grade agent platform (Agentar-Fin-R1) → specialized infrastructure (ZOLOZ...
True CEOs Build Businesses That Run Without Them
The happiest founders I know have a business that runs without them. If you're answering basic questions or fixing mistakes that shouldn't have happened… You’re an operator, not a CEO.
Mexico's Labour Market Skewed Toward Informal Employment
Mexico’s dualistic labour market is weighted towards informality. More on this in the Chartbook Top Links today. https://t.co/ZRjXpKyZBq
China Extends Fuel Export Ban, Offers Minimal Relief
China has extended its fuel export ban for another month to April. There is now talk of letting a small amount of fuel out to countries like Sri Lanka, Bangladesh and the Maldives. But the shipments would be only ~5%-10%...
Fan Lifetime Value Beats Traditional Customer Lifetime Value
Most brands measure customers. The best ones create fans. During #MarchMadness, people pick their team even when the odds say don’t. That’s Fan Lifetime Value. And it’s far more powerful than #CLV. #Strategy #FLV #CustomerExperience #BrandLoyalty @JovinHurry @faderp @Wharton @MackInstitute...
Start with Decisions, Let AI Serve Humans
AI should serve people. Obvious, right? And yet many organizations quietly do the opposite. They start with the tool. When you start with tools, humans end up serving the tools. When you start with decisions, tools serve humans. That sounds...
AI Marketing Toolkit Grows: 9 New Tools Added
The best list of #AI #marketing tools anywhere continues to expand: https://t.co/1MqMiJP4M3 New tools added recently include @Cassidy_AI, Obello, @ElevenLabs, @Markup_AI, @goconsensus, @getalembic, @hedra_labs, MarketDing, and Klippa.
EU-India FTA Boosts Indian Aluminium, CBAM Still Caps Gains
The EU-India FTA may help Indian aluminium exports, but CBAM still limits the real upside. https://www.metalnomist.com/2026/03/eu-india-fta-could-improve-indian.html
Trump Prioritized Fun over Economic Fallout From Tariffs
But the tariffs may have screwed the economy, but Donald Trump had lots of fun imposing them, and that is what really matters.
Diesel Prices, Not Gas, Threaten US Inflation Surge
The bigger concern for the US economy isn't gas prices, but diesel prices, as @amoshochstein tells @annmarie just now. They're at the highest since 2022 and bumping up against those highs, at $5.45 a gallon. That's the price that'll pressure...
War Turmoil Drives Oil and Dollar Consolidation
Mixed War News Keeps Oil Firm and the Greenback Consolidating: War developments pulled in both directions, leaving investors on edge On the one hand, Iran struck an oil tanker, carrying Kuwait oil, in port in Dubai. On the other hand,...
Eli Lilly Acquires Centessa for $7.8B in Neuro Push
Lilly buying $CNTA Centessa (hub & spoke R&D co) for $6.3B + $1.5B CVR. Another neuro deal. Big congrats to @Medicxi, Index ventures, General Atlantic https://t.co/jkC9dv6d3I @medicx
Bing Tests Nearly Invisible Sponsored Labels in Search Results
Microsoft Bing tests almost transparent sponsored labels in the search results https://t.co/kDJWSBqMsY via @SachuPatel53124 https://t.co/nQlz6uEVJD
TRACE Reveals Massive Negative Gamma, Expect Intraday Volatility
This is TRACE, the most accurate SPX GEX map you can get. It also updates faster than any GEX map 😏. Remember: +50% of SPX flow is 0DTE and so if you are tracking gamma, you need to see that...
Key Ratios Every Investor Should Use for Insurance Companies
I just posted a TikTok video talking about the main ratios to assess Insurance Companies. :-)
BoyarValue Predicts Hagedorn Likely to Sell SMG
@BoyarValue talking $SMG on @TheCompoundNews: "You have a 70 year old guy [Jim Hagedorn] who has to be exhausted; the last couple of years have been an absolute disaster. My guess: he's probably going to sell this thing." https://t.co/JuqeMjNda2
Management's Costly Deals Hurt Shareholders, Create Profit Opportunities
Screw your shareholders by doing a stupid massively expensive issuance favoring a particular investor. Underperform your asset by 15%. It's unbelievably easy to make money when idiot management do these deals $MTPLF $ONDS $IONQ https://t.co/kMwFGySBfO
Document Today’s Struggles; Turn Them Into Tomorrow’s Tips
The struggle you're white-knuckling through today becomes the easy blogging tips you casually drop on social media next year. Document it before you forget you ever sucked at this. It is a goldmine/roadmap for those behind you.
College Sports Face Legal Threats From Prediction Markets, NIL Fraud
College Sports’ New Legal Risks: Prediction Markets and NIL Fraud - Guest OpEd https://t.co/jR1urXO6O4 via @sportico
Biogen Buys Apellis for $5.6B, Adds SYFOVRE Sales‑linked CVR
1/Another mega M&A deal in the BioTech and Pharma sector with the acquisition of Apellis Pharmaceuticals - $APLS by Biogen $BIIB for $41 per share in cash at closing in a $5.6B deal. In addition, Apellis stockholders will also receive...
Private Capital Disappointment Era Starts, Insurance Intrigue, Decision 2.0
In today’s @FT Due Diligence newsletter: Private capitals disappointment era begins. an insurance intrigue, and The Decision 2.0. https://t.co/I1NYRv0vZ4 https://t.co/3VhyHDtFkB
Fuel Hits $4+ per Gallon, Spurring Spending Slowdown
The AAA average fuel price is officially over $4 a gallon for the first time since mid-August 2022. Prices are up over $1 since the war in Iran began. Americans are paying $50 a month more in fuel costs. This is a...
Key U.S. Data and Fed Speeches Signal Softening Outlook
Economic Calendar for Tues. March 31 9:00am - Case-Shiller home price y/y for January: Expected 1.37%; Prior 1.4% 9:45 - Chicago PMI for March: Expected 54.6; Prior 57.7 10:00 - JOLTS job openings for February: Expected 6.895M; Prior 6.946M - CB consumer confidence for March: Expected 88; Prior...
Global Stocks End Month in Brutal Decline
A Bloomberg table on a brutal month for stock markets around the world. #economy #markets #stocks #investing #investora
Swiss
Small-GEO satellite builder @Swissto12 forecasts $200M in rev this year, up from $140M im 2025, & positive EBITDA; business case broadening to optical relay, D2D. @esa @Viasat @SES_Satellites.https://t.co/XU73ts10er https://t.co/KkZXw8LjZ3
Global Market Trend Shifts: ACWI Rolls Over, Lows Outpace Highs
The global trend just cracked... ACWI is rolling over. And global new lows are now > new highs. That’s a change in character. https://t.co/h5jwZpfzt5
Higher Fertility Slows Growth Without Immigration, Cuts Labor Participation
🤔 ✍️ @voxeu without immigration, “higher fertility would depress GDP per capita growth for roughly 50 years.” 💥more births would likely lower force participation among women & older workers. https://t.co/VubvO2dK8V
Authentic UGC Beats Fancy Agencies, Delivers 4.5x ROAS
I spent $25k on a marketing agency that promised 3x ROAS. They delivered 0.8. I fired them, spent $2k on raw UGC ads, and hit 4.5x ROAS in a week. The market doesn't care about fancy reports. It cares about...
Explainability, Not AI Strength, Determines FP&A Success
FP&A teams don’t fail with agentic AI because the tech is weak. They fail because they can’t explain what the agent did. In this article, Olha Zotova highlights ownership, governance, and safety as an operating model shift: https://t.co/9FoPnME9ob #fpatrends #aiinfpa https://t.co/qiCRNUzAAv
Iran Attacks Ship, POTUS Okays Operation Wind‑down; Oil Steady
Iran struck a ship with Kuwaiti oil in a Dubai port and press reports POTUS told aides can consider winding down operation without securing Strait of Hormuz. Oil remains firm. Mkts uncertain. Large euro options at $1.15 expire today...
Pakistan, China Foreign Ministers Meet Amid US‑Iran Deal Rumors
The Pakistani and Chinese foreign affairs ministers have met today in Beijing, according to Chinese state media. The meeting comes as **rumours** abound that Beijing could play a role as "guarantor" of any US-Iran deal.
Tariffs Served as Political Theatre, Not Economic Policy
The tariffs weren't trade policy, IMHO, they were tariff theatre. There were no specific goals, no studies, not even the slightest economic thought behind their design. > Is it a category error to evaluate them as economic policy. >They max'd political...
Market Prices Now Directly Drive Economic Reality
The market may not be the economy, but today, the economy is the market. The speed by which changes in market prices move into the economy has never been faster. #MarkToMarketEconomy
Trump's Trade Shock Spurs Global Free‑Trade Alliances
I presented my forthcoming eBook, World War Trade, in Paris last week. Here is the first coverage i've seen 💪 ✍️Guillaume de Calignon @gcalignon « Le choc douanier de Donald Trump pousse le reste du monde à se rapprocher .... les pays...
China Climbs Value Chain yet Still Dominates Low‑end Markets
One thing that's really impressive is China moving up the manufacturing value chain, while still absolutely dominating the low end. As @Camrjohnson has pointed out (and industry data confirms), China still absolutely dominates in areas like Christmas ornaments.
Market Down 20% Pre-War, Defying Bleak Expectations
This is, honestly, less than I might've guessed given A) An insane run up at the start of the year. B) Expected to be a very hard-hit economy. In fact, the market had fallen ~20% even before the start of the...
War Fatigue Drives Stock Rally, Dollar Weakness
Stocks up strongly, US Dollar weakens on war exhaustion. Reports that Trump wants to end Iran war even if the Strait of Hormuz remains closed. But can the rally last will Oil over $100? Here are my thoughts on it...
Jessica's Life Story Forged the Traits Behind YC Success
This interview with Jessica goes the deepest of any interview she's done into her life story, and how it gave her the unique combination of qualities that made Y Combinator work.
Chinese Firms Shift to Vietnam, yet Overall Impact Remains Modest
This is a very interesting piece on Chinese companies moving production to Vietnam. In some sense it's happening at major scale. But also in some other sense, it's very minor, with very little of the TVA leaving China. https://t.co/ZixLeXz4nC https://t.co/BnujaABZ5M
Make Content Core, Not a Side Task
If founders keep treating content like a side task, they’ll keep getting side-task results. The real leverage starts when content becomes part of product growth infrastructure.
Geopolitical Strikes Push Global Gas Prices Higher
Gas at the pump just hit $4/gallon. US stepped up attacks on Iran hitting missile depots. Unclear if this will lead to more escalation or signals a peak. Ukraine hit Russian oil production facilities almost 1000km from its border which will...
Consistency Beats Metrics: Show up Daily and Build
Founder to founder. I don't care about your follower count. I don't care about your revenue. I care that you show up every day and build. If that's you, let's connect. What are you working on right now?
Willie Walsh Named CEO of India's IndiGo
Big CEO appointment at India’s IndiGo - IATA head and former IAG boss Willie Walsh https://t.co/29hVImJrw6