- Exec Sum
- Archive
- Page 27
Archive
The Bitcoin Bounceback
Financial Times launched a venture arm, SBF is advising prison guards on crypto, the SEC is investigating OpenAI, Wendy’s canceled its surge pricing plans, OpenAI accused NYT of manipulating ChatGPT, Universal Music is escalating its feud with TikTok, and Bitcoin’s rally caused Coinbase to crash.
Hamburger Derivatives Coming Soon?
McKinsey is in hot water over their China relationship, investors are growing nervous about the private credit boom, SEC accused an ex-CEO of orchestrating a meme-stock rally, the European parliament banned Amazon lobbyists, and Wendy’s will test surge pricing in 2025.
Nvidia Craze Continues
JPMorgan and Citigroup reshuffled some IB leadership, Nvidia bets are dominating options markets, Nvidia is now the most desirable place to work, hedge funds are dropping tech stocks, big tobacco is struggling to stay relevant, and Google saw a $90B sell-off over their AI debacle.
Litquidity 🤝 Pay Transparency
Goldman is facing a new wave of leadership unrest, markets are rallying to new highs, energy traders are sitting on massive cash piles, investors are fleeing non-Tesla EV stocks, some retailers are fearing deflation, and Litquidity continues to bring pay transparency to the street.
Gemini Blunders
PE firms are resorting to new fundraising tactics, investors are swapping gold ETFs for Bitcoin ETFs, Jamie Dimon sold $150M of his shares, Nvidia identified Huawei as a top competitor, retail investors likely drove the recent crypto rally, and Gemini restricted AI image generation amid comical racial inaccuracies.
Stocks Live to See Another Day
PE payouts are plummeting, hedge funds are ditching US stocks, investors are ploughing into US farmland, China is scrutinizing quant funds, Japanese stocks hit an all-time high, Apple released a free new sports app, and Nvidia delivered on its earnings hype.
Nvidia Earnings On Deck
Markets are preparing for Nvidia’s blockbuster earnings today, Amazon is joining the Dow Jones index, Musk’s Neuralink seems to be working, the Conference Board abandoned a US recession forecast, US asset managers are readying for a China recovery, and FuboTV is suing US media giants over competition concerns.
OpenAI Changed the Game (Again)
OpenAI launched an AI video creation tool, Silicon Valley Bank is on a hiring spree, Ford’s CEO told Wall Street to forget Tesla, Japan is no longer the world’s third largest economy, the UK is in a recession, Meta encouraged advertisers to ditch the iPhone, and Google opened a Paris research hub.
Burry Likes Big Tech
Lyft’s CEO took the L for their earnings typo, mortgage rates are surging again, Berkshire is trimming its Apple stake, Japan’s economy shrank in Q1 2023, Morgan Stanley is laying off hundreds in their wealth management division, and Burry bought Amazon and Alphabet.
Lyft Earnings Plz Fix
Lyft’s IR misshap briefly sent their stock flying 60%, US inflation came in hot, the Super Bowl smashed the US viewership record, the IRS sued the FDIC, flight attendants want higher wages, Paramount and Instacart are cutting jobs, and the Senate passed an Israel/Ukraine aid package.