CITY JOURNAL …. The story is iconic: in 1976, Apple began in a garage in suburban Los Altos, California; in 2018, it became the first $1 trillion company. It took AT&T close to the same number of years to rise from its founding to become the first company to reach a $1…
Well, apparently the race is over. As Trevor Noah said on Comedy Central last week after Apple became the first trillion-dollar market-cap company: “One trillion dollars. That’s it, folks. Apple has officially won capitalism. Wrap it up, it’s over.” There is no longer any doubt that the 21st century will be propelled by companies producing and using data,…
This week the market greets another and long-anticipated energy-tech IPO with Bloom Energy seeking to raise $250 million at a market value of around $1.6 billion; numbers essentially identical to Tesla in 2010.
CITY JOURNAL …. In these contentious times, perhaps it’s heartening that Ivanka Trump and Silicon Valley’s potentates have at least one thing in common: concern for the future of America’s workforce. As the White House point person on a new jobs initiative, Trump wrote in a recent op-ed that it’s high time “to deliver better…
As this column goes to press, the world oil price is well north of $70 a barrel, a long way from the nadir of $30 a mere 30 months ago. So the oil forecaster’s parlor game is again in full swing. Will we see a return to the $150 barrel, the peak last experienced in…
WALL STREET JOURNAL …. >> Will robots cause the factory to go the way of the farm? Many economists seem to think so.
