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 Raines2 months ago

IPOs Returning to Earth

Recent high-flying IPOs have seen their stocks return to their offer prices, 10-year yields hit a 16-year high, India-Canada tensions are growing, Apple is giving out smaller raises to its retail employees, the Saudi crown prince is pro-sportswashing, and UAW’s demand for a 32-hour workweek took a backseat in negotiation talks.

Litquidity Capital11 hours ago

New Dall-E Next Month

The Fed left rates unchanged but signaled for another rate hike this year, OpenAI says a new Dall-E iteration is coming next month, Klaviyo’s founders are billionaires after a strong IPO, DeSantis shrugged off Ken Griffin’s criticism of his Disney fight, and SpaceX sued the Justice Department.

Litquidity Capitala day ago

SBF's Parental Lawsuit

FTX is suing Sam Bankman-Fried’s parents, the US national debt hit $33T, Disney wants to invest $60B in its parks and cruises, Amazon is hiring 250k employees for the holiday rush season, stock buybacks are surging in Hong Kong, a Google exec claims they lost map traffic due to an Apple Maps switch on iPhones, and NYC’s transit network got a positive outlook from Moody’s.

Litquidity Capital2 days ago

$100 Oil Soon?

Oil prices are approaching $100/barrel, debris of the missing F-35 fighter jet may have been found in South Carolina, negotiation talks resumed in Detroit as UAW threatened to widen its strike, Morgan Stanley got sued by PE firms for $750M, and Salesforce is rehiring former execs.

Litquidity Capital3 days ago

Big VC Losses on Instacart

Sequoia and a16z are taking big losses on their Instacart investments, Brazil wants rich nations to pay for the global energy transition, Hollywood never figured out the streaming model, France may sell fuel at losses to curb inflation, a White House team is headed to Detroit to resolve the UAW strike, and Erdogan wants Musk to build a Tesla factory in Turkey.

Litquidity Capital4 days ago

More European Rate Hikes

The ECB delivered a 10th rate hike, August wholesale inflation rose 0.7%, Brookfield’s CFO said private credit and banks can co-exist, cocaine is set to surpass oil as Colombia’s main export, Disney is cutting streaming targets for Disney+, and NASA is studying UFOs with AI.

Litquidity Capital7 days ago

Mexico's UFO Investigation

Mexico’s Congress is holding a hearing on UFOs, the Fed is on alert for one more possible hike, Goldman fired its transaction banking chief, Howard Schultz stepped down from Starbucks’ board, UAW and automakers remain ‘far apart’ in contract negotiations, and X Corp. is settling lawsuits over mass layoffs.

Litquidity Capital8 days ago

RIP to the Jets' Rodgers Era

Aaron Rodgers’ season is over after four plays as a Jet, Google argues that it hasn’t exhibited anti-competitive practices, central banks are thinking higher rates for longer to fight inflation, AI is reshaping iPhones and Apple Watches, Ford plans to double its F-150 hybrid pickup production, and BP’s CEO quit over work relationships.

Litquidity Capital9 days ago

Big Tech Bull Market

Tech giants led a green day in the market, the dollar had its largest drop in months against the yuan, Disney and Charter ended their dispute, Alibaba’s new CEO laid out strategic priorities, Jamie Dimon slammed regulators on their new capital requirements plans, and Cramer warned that Wall Street’s AI craze may be peaking.

Litquidity Capital10 days ago

Instacart Valuation Got SLASHED

Instacart is targeting an IPO and its valuation is low, Meta is developing a more powerful AI system, earnings estimates are rising, Biden doubt’s China’s ability to invade Taiwan, Daniel Zhang stepped down from Alibaba’s cloud business, and hedge fund hurt by oil’s last dip have levered up on crude.

Litquidity Capital11 days ago

New FTX Fraud Just Dropped

FTX’s Ryan Salame pleaded guilty to two criminal counts, Ryan Petersen cleared house at Flexport, Goldman’s Solomon sees a Wall Street rebound if tech IPOs outperform, ChatGPT traffic is down again for the 3rd month in a row, and the SEC is probing Ryan Cohen’s Bed Bath & Beyond trades.

Litquidity Capital14 days ago

Apple x Arm's Multi-Decade Deal

The Fed is set to double its economic growth forecast, Apple and Arm signed a chip deal that goes beyond 2040, China banned iPhone use for government officials at work, oil prices climbed on an expected US crude stock draw, and Roku’s stock jumped on layoff news.

Litquidity Capital15 days ago

Steady Rates in Canada

The FTC has a lawsuit set against Amazon later this month, the Bank of Canada plans to hold rates at 5%, Apple linked a new long-term deal with Arm, Musk borrowed $1B+ from SpaceX the same month as his Twitter acquisition, the FAA lifted a brief nationwide ground stop for United Airlines, and Facebook is getting rid of its “News” tab in Europe.

Litquidity Capital16 days ago

Trouble in the Desert

Thousands were stranded in Burning Man after a storm turned the desert into muck, investors are feeling antsy after a summer rally, Delta is the US’s top airline in several categories, Xi is skipping the G20 summit, diamond prices are in free fall, and another Binance exec left the company.

Litquidity Capital17 days ago

Banks Are Done with Work-From-Home

UBS had a ‘historic’ $28.8B Q2 profit thanks to its Credit Suisse acquisition, banks are getting tough on return-to-office laggards, confidence in the carbon credit market is decreasing, China is trying to boost its economy and currency, airline earnings outlooks are dropping, and NYC’s Pension CIO sees little impact from Wall Street’s ESG pullback.

Litquidity Capital21 days ago

(Credit Card) Rate Hikes Soon

US companies added 177k jobs in August, Amazon and Shopify struck a new deal, Biden wants more salaried workers to get overtime, Visa and Mastercard are ready to raise credit card fees, Google introduced generative AI to search in India and Japan, and Reid Hoffman is stepping back from his investment role at Greylock.

Litquidity Capital22 days ago

Bitcoin ETF Loading?

Stocks were up big yesterday, a US court overruled the SEC’s rejection of Grayscale’s bitcoin ETF, US banks may have to raise $70B in debt to match new risk mitigation guidelines, Vinfast’s stock performance stands out in a beaten down SPAC market, and Mullen sued Schwab and TD Ameritrade.

Litquidity Capital23 days ago

iPhone Supply Chain Issues

Apple’s iPhone supply chain is splintering under US-China tensions, OpenAI launched ChatGPT enterprise, Citadel vetted 69k intern applicants to find math geniuses, student loans are emerging from deep freeze, Google is selling maps data to companies building solar products, and 3M reached a roughly $5.5B earplugs settlement.

Litquidity Capital24 days ago

NYC's Big Migrant Crisis

Central bankers are preoccupied with post-inflation challenges, emerging market funding is getting creative as dollar bonds dry up, rising long-term rates loom over autumn on Wall Street, NY’s governor is under fire for NYC’s migrant crisis, China cut its stock trade tax, and India’s moon landing made history.

Litquidity Capital25 days ago

JPM's Leveraged Loan W

Fed officials see rates close to their peak, the China stimulus rally lasted just 10 minutes, JPMorgan won a ruling that leveraged loans aren’t securities, Apple is backing California’s right-to-repair bill, mortgage rates hit 7.23%, T-Mobile US is laying off 5,000 employees, and Zillow is offering 1% down payments to lure struggling homebuyers.

Litquidity Capitala month ago

Nvidia Is the Stock Market

US Q1 payroll numbers are likely to be revised down, Nvidia’s stock continues to defy gravity after stellar earnings, the SEC is taking on PE and hedge funds, Juul is cutting 30% of its staff, Big Tech is bracing for new EU regulations, BRICS are inviting the Saudis to join, and Nike’s stock fell for a 10th straight day.

Litquidity Capitala month ago

Goldman Is Tired of WFH

UPS workers approved a massive labor deal, Goldman wants everyone in the office five days per week, the BNB token price is tumbling, Iran is aiming to boost its oil output, Airbnb hosts are scrambling with NYC’s new regulations, and two regional Fed boards sought to hold rates steady in July.

Litquidity Capitala month ago

Bear Market for New Hire Salaries

Microsoft is divesting console gaming streaming rights to persuade regulators to approve its Activision acquisition, S&P downgraded multiple banks, Schwab will cut staff, mortgage rates hit highest point since 2000, financial firms are being lured to the south, Meta is launching a web version for Threads, and companies are cutting pay for new hires.

Litquidity Capitala month ago

Russia's Lunar Accident

Russia crashed a spacecraft into the moon, all eyes are on Powell in Jackson Hole this Friday, China cut its one-year benchmark lending rate, the iPhone 15 might have a new charging port, Messi has caused single-game MLS ticket prices to jump by 1,700%, and oil prices rose on lower OPEC+ exports.

Litquidity Capitala month ago

Scorching Hot Mortgage Rates

Mortgage rates hit a 20-year high, the stock market rally is creating retirement account millionaires, Japan insurers are turning their eyes to private credit, striking writers are taking an antitrust aim at Disney, Amazon, and Netflix, Tesla cut its prices in China, and Goldman is planning a hiring spree to fix lapses after Fed scrutiny.

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

IPOs Returning to Earth

New Dall-E Next Month

SBF's Parental Lawsuit

$100 Oil Soon?

Big VC Losses on Instacart

More European Rate Hikes

Mexico's UFO Investigation

RIP to the Jets' Rodgers Era

Big Tech Bull Market

Instacart Valuation Got SLASHED

New FTX Fraud Just Dropped

Apple x Arm's Multi-Decade Deal

Steady Rates in Canada

Trouble in the Desert

Banks Are Done with Work-From-Home

(Credit Card) Rate Hikes Soon

Bitcoin ETF Loading?

iPhone Supply Chain Issues

NYC's Big Migrant Crisis

JPM's Leveraged Loan W

Nvidia Is the Stock Market

Goldman Is Tired of WFH

Bear Market for New Hire Salaries

Russia's Lunar Accident

Scorching Hot Mortgage Rates