Exec Sum

The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of humor and memes. Read by over 200,000 investment bankers, institutional investors, venture capitalists, and more.

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A New “Titan” in the Investing World

Titan is rewriting the asset management playbook, and we’re here to tell you all about it.

Litquidity Capital2 years ago

What's the Buzz with Beehiiv? 🐝

A closer look into our favorite newsletter platform (and the new home of Exec Sum)

Litquidity Capital2 years ago

Sunday Deep Dive: Gridline Edition

Keep reading to learn about how Gridline is disrupting the alternatives market.

Litquidity Capital, Jack Raines4 months ago

The Buy Now, Pay Later Economy

Shoppers love BNPL, investors see interest rate cuts coming soon, higher mortgage rates are weighing on new home sales, Blackstone’s CEO is eyeing RE deals in Europe, Amazon is the biggest delivery company in the US, and KKR sees private credit in Asia outperforming.

Litquidity Capital13 hours ago

US Shoppers Love Black Friday Deals

The NFL’s Black Friday game on Amazon Prime is a warning sign for traditional TV, investors are holding record cash sums, UBS upgraded big infrastructure investments, airlines braced for busy post-Thanksgiving airports, online Black Friday shopping hit a record high, and Gazprom gas exports to China hit a record high.

Litquidity Capital2 days ago

Nomura's Private Credit Push

Nomura wants a piece of the private credit pie, OpenAI’s rivals are trying to capitalize on its turmoil, Barclays could slash 2,000 jobs, Nvidia delayed the launch of its China-focused AI chip, asset managers are quietly adding ‘ESG’ to their defense portfolios, and Congress is facing a retirement surge.

Litquidity Capital5 days ago

Everything Is Priced In

Nvidia’s 200% revenue growth was priced in, Tiger Global’s Scott Shleifer stepped down as head of private investing, McKinsey is facing wide-ranging headwinds, Warren Buffett donated more Berkshire stock, OpenAI is still courting Sam Altman, and Argentina’s Milei has been greeted by a mix of hostility and support.

Litquidity Capital7 days ago

Milei Likes the US Dollar

Microsoft is willing to let Altman rejoin OpenAI, Citi cut more than 300 senior manager roles, Amazon launched free AI classes to win a talent arms race, OpenAI employees threatened to quit if its board doesn’t resign, Argentina’s new president wants to replace the peso with the US dollar, and Musk sued Media Matters.

Litquidity Capital8 days ago

It's Over/We're Back, Sam Altman Edition

Sam Altman was fired, potentially rehired, then not rehired over the weekend, Wall Street is tired of ESG, Shakira is on trial for alleged tax fraud, Argentina has a new president, Bob Iger has had a roller coaster year at Disney, and former first lady Rosalynn Carter passed away.

Litquidity Capital9 days ago

Amazon is a Car Dealership

Amazon will soon allow auto dealers to sell cars on their site, Congress wants to expel George Santos after a House Ethics report, Cruise suspended their employee share program, Alphabet’s Pichai says China will be at the forefront of AI, and Jim Harbaugh accepted the Big Ten’s sign stealing suspension.

Litquidity Capital12 days ago

Starlink IPO Loading

SpaceX wants to IPO Starlink, Biden and Xi’s high stakes meeting began, UK inflation hit a two-year low, Microsoft is working on its own AI chips, US retail sales fell for the first time since March, UAW workers at GM’s largest plant backed the labor pact, and housing inflation is hitting consumers the hardest.

Litquidity Capital13 days ago

UFC 296: Capitol Hill

A US senator challenged a union boss to a fight in a senate hearing, the FDIC went overboard cos-playing toxic banking culture, China’s property slump is getting worse, Glencore is preparing to divest from coal, and Ken Griffin thinks Miami could usurp NYC as a finance hub.

Litquidity Capital14 days ago

Apple Makes Bank on Google's Search Deal

Google is paying a high price to remain the default search browser on Safari, Walmart and Target earnings offer clues to crucial holiday season, Biden and Xi announced a deal for China to crack down on fentanyl, Pfizer wants in on the weight loss drug gold rush, and United will not resume flights to Israel.

Litquidity Capital15 days ago

Santa Rally Inbound

Investors are poising for an end-of-year stock market rally, Goldman and Morgan Stanley have divergent rate-cut predictions, Biden and Xi are gearing up for a high-stakes meeting, Boeing is closing in on a major deal with Emirates, and ‘The Marvels’ disappointed in the box office.

Litquidity Capital16 days ago

China's Business Executives Keep Disappearing

Chinese business leaders keep disappearing, markets are pricing in an end to interest-rate hikes, the IRS announced new income tax brackets, former Apple designers launched a $700 Humane AI pin, a German startup is racing Google to make a universal translator, and WeWork’s stock doubled as the latest bankruptcy meme stock.

Litquidity Capital19 days ago

Big Bonuses for Former Freight Pilots

Warner Bros. Discovery had a tough earnings report, banks are cautious about underwriting IPOs, Israeli bond purchases are popular in the US, Caesars reached a deal with Vegas union to avoid a strike, American Airlines is offering $250k bonuses to former FedEx and UPS pilots, and Eli Lilly won FDA approval for a new obesity drug.

Litquidity Capital20 days ago

Microsoft's Road to $3 Trillion

Microsoft stock closed at an all-time high on OpenAI optimism, BlackRock’s model makers are betting on megacaps, big banks are cooking up new ways to unload risk, EV makers are using discounts to combat waning demand, and credit card balances hit a $1.08T record.

Litquidity Capital21 days ago

A GPT for Everyone

OpenAI’s newest AI lets users create their own GPTs, Bumble shares fell on news that its CEO was stepping down, Google’s app store power is being challenged in court, millions of retired Americans are not re-entering the workforce, Citi is considering deep job cuts, and Nike sued New Balance and Skechers.

Litquidity Capital22 days ago

Berkshire's Record Cash Pile

Berkshire is sitting on a record $157B cash pile, Musk released his ‘Grok’ AI to combat ChatGPT, Jack Dorsey is taking a more hands-on approach at Block again, Washington Post is projected to lose $100M this year, Tesla is raising wages for German workers, and bankers are looking for legal cover after backing $1.5T of ESG debt.

Litquidity Capital23 days ago

Sam Bankrupt-Fried

SBF was found guilty on all seven charges against him, Goldman promoted 608 to MD, Apple warned of a sluggish holiday quarter, the CEO of the National Association of Realtors stepped down, Bezos is moving to Miami, Wall Street titans fueled an Ivy League donor revolt, and Roku led a media stock rally.

Litquidity Capitala month ago

Interest Rates Holding Steady

The Fed is holding rates steady, JPMorgan is seeking out a private credit crunch partner, The US and European economies are diverging, China agreed to an arms-control talk with the US, top MBA programs are enrolling more women than men, and Toyota gave US auto-factory workers a pay bump.

Litquidity Capitala month ago

We(NoLonger)Work

WeWork is filing for bankruptcy, a federal jury found realtors liable for $1.8B in damages after conspiring to keep commissions for home sales high, Alphabet and Match settled Google Play antitrust claims, Druckenmiller is betting big on 2-year notes, Musk says Tesla is planning to make 200,000 Cybertrucks per year, and orange juice futures hit an all-time high.

Litquidity Capitala month ago

Wall Street Loves NYC Pensions

Wall Street made bank in fees from NYC pensions, the US cut its quarterly borrowing target to $776B, Meta paused ads for users under 18 in Europe, Google’s CEO defended their Apple search partnership, Biden is looking to cut AI risks with an executive order, and X claims that it’s worth $19B one year after Musk’s acquisition.

Litquidity Capitala month ago

Google's Newest AI Bet

Google invested $2B in OpenAI competitor Anthropic, the US Treasury is likely boosting auction sizes as the budget deficit worsens, Asian central banks could hike rates more, Ken Griffin flew Citadel’s Asia-based staff to Tokyo Disney, and Two Sigma had a big trading scandal.

Litquidity Capitala month ago

Taylor Swift Billionaire Club

Taylor Swift is now a billionaire thanks to her Eras tour, the US economy had a blockbuster Q3, BlackRock thinks private debt will double by 2028, Fidelity wants to expand its reach in the ETF market, WeWork’s creditors are fighting for control of the company, and Apple might face a watch import ban.

Litquidity Capitala month ago

New Morgan Stanley CEO on Deck

Morgan Stanley named Ted Pick as the bank’s next CEO, Biden is embracing AI as a national security tool, Alphabet’s stock had its worst day since March 2020, Ford and UAW neared a tentative labor deal, X rolled out audio and video calling, and demand continues to slow for electric vehicles.

Litquidity Capitala month ago

FTX Wants to Restart Trading

FTX is considering proposals from three bidders to restart its crypto exchange, Jamie Dimon ripped central banks for being 100% wrong on their forecasts, the BoE is likely to hold its rates steady, Microsoft’s earnings growth accelerated, and China’s property crisis is upending tens of thousands of lives.

Litquidity Capitala month ago

Bitcoin Is Back on the Menu

Bitcoin rallied more than 10% on ETF optimism, Ackman and Gross closed their bond shorts, SpaceX signed a new deal to launch European satellites, revitalizing America’s downtowns will be expensive, and Tesla is facing a new DOJ probe.

Litquidity Capitala month ago

Exec Sum

Featured Posts

A New “Titan” in the Investing World

What's the Buzz with Beehiiv? 🐝

Sunday Deep Dive: Gridline Edition

The Buy Now, Pay Later Economy

US Shoppers Love Black Friday Deals

Nomura's Private Credit Push

Everything Is Priced In

Milei Likes the US Dollar

It's Over/We're Back, Sam Altman Edition

Amazon is a Car Dealership

Starlink IPO Loading

UFC 296: Capitol Hill

Apple Makes Bank on Google's Search Deal

Santa Rally Inbound

China's Business Executives Keep Disappearing

Big Bonuses for Former Freight Pilots

Microsoft's Road to $3 Trillion

A GPT for Everyone

Berkshire's Record Cash Pile

Sam Bankrupt-Fried

Interest Rates Holding Steady

We(NoLonger)Work

Wall Street Loves NYC Pensions

Google's Newest AI Bet

Taylor Swift Billionaire Club

New Morgan Stanley CEO on Deck

FTX Wants to Restart Trading

Bitcoin Is Back on the Menu