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Archive
Musk Might Pull Out
Musk threatened to drop his Twitter bid, Rob Walton is favored to win the Denver Broncos ownership, Boris Johnson survived a no-confidence vote, the SEC might shake up retail trading rules, Biden's student loan forgiveness plan is pushed back a month, China concluded its Didi probe, and Apple revealed it is entering the Buy Now Pay Later (BNPL) space.

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.

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.

To Bear or Not To Bear
US stocks flirted with bear market territory on Friday, Amazon is cutting back on warehouse leases, JM Smucker recalled some peanut butter, the US is airlifting baby formula from Europe, Biden signed the Ukraine aid package, and Apple wants to boost production outside of China.
