But around 2021, McKinsey had revenue at the $15 billion mark. Here we are in 20 2425. By the time this year ends, we're going to be 16 billion, just a little bit lower.So they've operated in this narrow band of $15 billion to $16 billion in annual revenue, which is great. Any other management consulting firm would absolutely love to post numbers like that. For McKinsey, it is a sense that their revenue has flatlined a little bit.And you did mention there 100 year celebrations, right. Which 2026. That is wh ...

Rare Earth Minerals & Export Controls - The conversation about rare earth minerals has been significantly impacted by China [1] - Europe is getting closer to obtaining a general license from China, similar to the United States [1] Communication & Licensing - Close contact is maintained with China's foreign trade minister and team [2] - A team from China specializing in export controls visited recently [2] - Initial reports from the industry suggest that general licenses are being obtained [2] - The Chinese side was receptive to arguments that the processes set up in April required too much intrusive information [2] - General licensing could be a solution to address the issue of overly intrusive information requirements [2]

Bondai Beach at this time of year is normally very very crowded. I can't ever remember seeing it so empty. Dozens of people gathered here to lay flowers.Many people just sitting here quietly trying to come to terms with the worst terror attack in Australia's history. Among the dead, a 10-year-old girl and a father of five. The oldest gunman, a 50-year-old who was the legal owner of the six weapons used in this attack.still alive, his 24-year-old son in a critical condition in hospital and under heavy police ...

I want to to speak to the Norwegian people, to European people, to the Venezuelan people. I would say to all citizens of the world in this hour to you that I am very hopeful Venezuela will be free and we will turn a country into a beacon of hope and opportunity of democracy. And we'll we will welcome not only the Venezuelans that have been forced to flee, but citizens from all over the world that will find a refuge, as Venezuela used to be decades ago. ...

Oh, it's fantastic. So average ticket is up 15%. Unprecedented, really.50% rise in the last year, doubled over the last two years, just in the underlying commodities, just in the underlying commodity. And silver and platinum, by the way, have gone up 70% in the last year or so. Pretty phenomenal run.Why is the average ticket then of the items you sell only up 15% when the price of gold is up 50 and silver and platinum are up 60 and 70%. Yeah. So the bulk of the asset value is really in the gemstones and dia ...

It appears the race for the next Fed chair is down to two. While talking to the Wall Street Journal, the president named Kevin Hassett and Kevin Warsh as his top two choices. Policy, policy market, I should say.Poorly market odds had Hassett as the clear front runner. But Warsh is closing the gap considerably. Here with me now is Michael McKee Bloomberg International economics and policy correspondent.And I, I know mystery is a big part of the strategy of this administration, but previously the president sa ...

EU-China Trade Relations - EU is in close contact with China's Foreign Trade Minister regarding general licenses [1] - Initial reports suggest EU industry is receiving general licenses from China, but more granular information is needed for full evaluation [2] - China was receptive to EU arguments that the initial licensing process (set up in April) was too intrusive, requiring excessive information about supply chains [2] - A "hotline" has been established with Minister Wang Wentao for priority cases [3] Supply Chain Concerns & Mitigation - Worried CEOs of EU companies expressed concerns about the lack of permanent magnets and legacy chips [3] - The instability in global supply chains is a challenge [4] - European industry should prepare to pay a "security premium," stockpile, and diversify [4][5] - Dependencies are costly, and this is included in the new communication on economic security [5]

Oh, so you And in Australia, you probably read they've uh it's been it's been a very very brave person actually who went and attacked frontally uh one of the shooters and saved a lot of lives. So very brave person who's right now in the hospital pretty seriously wounded. So I great respect to that man that did that.Huh. ...

Market Trends - Artificial general intelligence (AGI) is booming, driving growth in the data center industry [1] - Copper prices have been on an upward trajectory in the last 3 years, potentially due to Gen AI and electric vehicles, while crude oil prices have generally decreased [2] Supply and Demand - Global demand for copper is growing, while the supply remains relatively stagnant [2] - Copper has the slowest growing supply of any industrial metal over the last 30 years [3] - Increased demand for resources from Gen AI in the coming years could be bullish for the price of copper [3] Industry Impact - Data centers are crucial for AGI development and rely on copper wiring for internal and external connections [1]

Energy Consumption & Projections - Data centers' electricity consumption in the US has seen tremendous growth since 2018 [1] - In 2018, data centers accounted for 19% of US electricity consumption [1] - By 2023, data centers consumed 415% of US electricity, approximately 147 terawatt hours [1] - Data center electricity consumption is projected to rise to over 600 terawatt hours by 2030 [1] - This year's data center electricity consumption has grown by over 30% in 2 years [1] Natural Gas Market Impact - Increased electricity demand could significantly impact the natural gas market [2] - Natural gas is the primary source for electrical generation in the United States [2] - Increased demand could potentially raise natural gas prices and increase volatility [2] - Natural gas prices have been low for the last 15 years due to the boom in fracking [2]