Aaron Back
@AaronBack
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Global Editor of The Wall Street Journal's Heard on the Street column. Previously with @wsj in Beijing and Hong Kong.
New York, NY
Joined April 2009
How is this coming along? . "Elon Musk says if done right, X would become half of the global financial system.".
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RT @WSJheard: Squeezed between rising healthcare costs and government spending cuts, shares in major health insurers have been mostly negat….
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Still true.
Jurassic Park movies, ranked: . 1) Jurassic Park.2) Who cares.
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I'm honestly not sure if I have ever enjoyed a Superman movie. I'm young enough that the 1970s originals already seemed dated by the time I saw them.
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I believe this website was supposed to have replaced the global financial system or some such by now?.
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Gemini has 350 million monthly users, nothing to sneeze at. Waymo is miles ahead of Tesla in self-driving cars. With so much hidden value, Alphabet could be a candidate for a breakup if the synergies between its businesses weren't so obvious. Instead it's a screaming buy.
The best value play in AI: Google . Alphabet is trading at just 18 times forward earnigns, compared to over 30 for Microsoft and Amazon .
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"When informed about the then Prince Charles’s reported sympathy for the unemployed he noted that it might be because the prince was himself unemployed.".
“His conservatism was that of Essex, not Eton, and he helped persuade millions of Sun-reading voters that Thatcher would advance their interests better than any trade union leader.”.
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Instead of virtue signaling through your investments, buy and index fund and donate the savings
So-called MAGA ETFs can often end up like ESG funds, offering exposure nearly the same as an index fund at a much higher cost, says @GunjanJS .
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RT @WSJmarkets: Heard on the Street: Some anti-woke funds can mirror the mistakes of socially conscious investments that were wildly popula….
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So the tariff on an imported car from South Korea or Japan will be 50% starting Aug. 1, correct?.
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Really glad they took to the time to refine the Liberation Day tariffs by rounding them to the nearest 5.
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Liberation Day 2: Multiples of Five.
Integers divisible by five:. Trump announces tariff rates set to take effect on Aug 1 that are close to the April 2 rates (suspended on April 9). Laos: 40% (previously 48%).Myanmar: 40% (prev 44%).South Africa: 30% (unchanged).Malaysia: 25% (prev 24%).Kazakhstan: 25% (prev 27%).
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RT @NickTimiraos: Integers divisible by five:. Trump announces tariff rates set to take effect on Aug 1 that are close to the April 2 rates….
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RT @Lingling_Wei: Western companies are struggling to secure approvals for rare-earth imports from Chinese authorities, despite the U.S.-Ch….
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Heard on the Street: There's waymo value in Google's self-driving tech than Tesla's .
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Israel’s stock market, which trades Sunday to Thursday, rose for the sixth straight session on Sunday. It’s done better than the S&P 500 since the attacks on Oct. 7, 2023 .
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RT @MattZeitlin: The Senate reconciliation bill, with its harsh phase out of solar and wind, and continued support for geothermal, nuclear,….
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RT @WSJheard: More than 90% of Iran’s oil exports now go to China, at a discount. If that is cut off, China will pay the price. https://….
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RT @RollingStone: One astrophysicist talks to Rolling Stone about the messianic, sci-fi fantasies of the tech oligarchs:. "Musk talks about….
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RT @Brad_Setser: “China’s vision of trade is exporting without importing,” said Brad Setser, senior fellow at the Council on Foreign Relati….
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