Layoffs Are Coming
Tesla shares dropped 9% of news of potential layoffs, Clubhouse is laying off staff members too, Frontier offered a $250M breakup fee in the Spirit deal, Walmart is opening new fulfillment centers, FC Barcelona may sell TV ad rights to BofA, and bitcoin miners are selling the dip.
Litquidity Capital /
What's Up with Tesla's "Return to Office" Mandate?
Why is Musk suddenly so concerned with his employees returning to the office?
Jack Raines /
Year of the Tiger (NOT)
Tiger Global is down 52% YTD, US mortgage rates slipped, the EU approved a partial ban on Russian oil, Biden is canceling student debt for former Corinthian Colleges students, Trevor Milton doesn't want Nikola to sell more shares, and job growth cooled in May.
Litquidity Capital /
Quantitative Tightening
The Fed is finally shrinking its balance sheet, Musk cracks the Return-to-Office whip, Sheryl Sandberg stepped down as Meta's COO, an ex-OpenSea exec was arrested for NFT insider trading (lol), and Johnny Depp won his defamation suit.
Litquidity Capital /
Yellen Was Wrong
Yellen admits she was wrong about inflation, crypto bounced back, US home prices keep accelerating, DeLorean revealed a new EV model, Hong Kong wants lighter Covid restrictions, and Forbes canceled its SPAC merger plans.
Litquidity Capital /
Pelosi Partied Hard
Paul Pelosi got a DUI, the EU is banning most Russian oil, US gas prices keep climbing, the WHO is worried about monkeypox, German inflation hit a record high, and Top Gun dominated the weekend box office.
Litquidity Capital /
EY's Business Breakup
Delta is cutting some flights, Russia faces a debt test, Instacart slows its hiring, EY may split its audit and advisory businesses, Twitter has to pay a $150M fine, the FDA chief urges a baby formula stockpile, and Broadcom is acquiring VMware.
Litquidity Capital /
Burning Money in The Metaverse
Jack Dorsey left Twitter's board, the SEC is cracking down on misleading ESG claims, Zuck's metaverse will burn cash in the short-term, Musk boosted the equity component of his Twitter bid, and a tree-boring beetle could wreck South Africa's economy.
Litquidity Capital /
Ackman Is Getting Antsy
Ackman wants the Fed to get aggressive with rate hikes, China Covid cases continue to climb, McDonald's is poised to retain its board seats in its proxy fight with Icahn, more baby formula is headed to the US, and Lyft is the latest company to pause hiring.
Litquidity Capital /
Monkeypox Is Making Waves
The WHO gave a Monkeypox update, Snap plummeted after earnings, Starbucks is leaving Russia, Bill Hwang had to turn in his passport, Goldman Sachs employees are worried about being targets for violent crime, and FTX is considering some acquisitions.
Litquidity Capital /