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Archive
Biden The Debt Slasher
Biden announced up to $10k in student loan debt relief for millions, SPACs are in the gutter, the labor market has been crushing it this year, investors are running away from hedge funds, Tesla enacted a 3-1 stock split, there's an ETF where you can invest in betting, alcohol and pharma companies, the PGA is expanding benefits to pull golfers back from LIV, and Tiger Woods / Rory McIlroy are launching their own golf league.
Energy Prices Are Too MF High
Ackman sold his Domino's holdings, natural gas prices keep climbing, European IPOs and VC transactions slowed in 2022, the yuan hit a two-year low vs. the dollar, new home sales keep falling, and Biden is set to announce his student loan debt proposal today.
Dollar > Euro, Round 2
The IPO market has slowed to a crawl in 2022, the Moscow Exchange is banning USD collateral, the dollar flipped the euro (again), China is cutting interest rates, Musk subpoenaed Jack Dorsey in his Twitter lawsuit, Ford is cutting 3k jobs, and Fauci will retire in December.
Beyond Rugpulled
Ryan Cohen rug pulled retail investors on Bed Bath & Beyond, US existing home sales fell for the 6th straight month, the UK wants to increase London listings, streaming passed cable for TV views in the US, the US government might stop paying for citizens' Covid shots, and Big Ten college football games will now have the CBS music that has been an SEC staple for decades (smh).
New Retail Degen Legend Just Dropped
UK inflation topped 10%, SPACs are dead, Turkey and Israel restored diplomatic relations, sports betting companies are cutting back on ad spend, Lebron and Matt Damon crypto ads have disappeared, and Ryan Cohen is selling his Bed Bath & Beyond shares.
To Infinity, Bed Bath & Beyond 🚀
Bed Bath & Beyond is making meme stocks cool again, Walmart and Home Depot had great earnings, Biden signed the Inflation Reduction Act, US homebuilding is cooling, Chinese tech companies shared their algorithms with Chinese regulators, and Dodge is discontinuing the Charger and Challenger.
The Return of Adam Neumann
Adam Neumann is back for a second act, China's economy is faltering, DoorDash is testing Facebook Marketplace deliveries, Snapchat+ hit 1M subscribers, Chinese firms have Swiss GDR mania, Dan Loeb went activist on Disney, and Unity rejected a takeover bid.
Musked Again
Musk sold more Tesla stock after stating he was done selling back in April, Carlyle's CEO quit because he didn't get a $300M comp package approved (lol), the Trump FBI raid memes were hittin' on social media, and Serena Williams announced she's retiring from professional tennis this year.