Archive

Dive into a collection of past posts and rediscover timeless content.

Jul 12, 2023

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15 min read

M&A Deals Are So Back

Microsoft and Broadcom’s respective acquisitions of Activision and VMWare highlight a revived M&A market, the EV market is struggling with price cuts, ByteDance is letting US staff sell shares, BoA owes $250M over junk fees, meme stocks are hot again, and a Blue Origin rocket engine exploded during testing.

Litquidity Capital

Jul 11, 2023

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15 min read

100 Million Threaders

The Fed thinks higher rates are needed to reach inflation goals, Threads hit 100M users, Uber’s CFO stepped down, Flexport founder Ryan Petersen joined Founders Fund, Turkey approved Sweden’s NATO bid, the EU is investigating Ozempic after suicidal thoughts were reported, and The New York Times is dismantling its sports desk.

Litquidity Capital

Jul 10, 2023

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16 min read

Gemini's DCG Lawsuit

US banks are set to report Q2 earnings this week, Biden and NATO are offering support, but not membership, to Ukraine, the Saudis were denied the chance to take a 40% stake in Credit Suisse, cash investments are reaching record highs amid recession fears, and Gemini is suing Digital Currency Group.

Litquidity Capital

Jul 7, 2023

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16 min read

Scorching Hot Labor Markets

The US labor market was on fire in June, US VC funding declined 50% YoY in Q2, high-yield bond deals are back, Threads hit 30M downloads in its first 16 hours, UBS overhauled leadership in its wealth management division, the US is renewing its audit of NY-listed Chinese firms, and Japan’s base salary growth hit a 28-year high.

Litquidity Capital

Jul 6, 2023

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14 min read

Zuck's Twitter Killer

Zuck launched his Twitter competitor: Threads (Give the Exec Sum team a follow at Litquidity and Jack_Raines 🤝), Fed minutes revealed more rate hikes ahead, BofA increased its dividend by 9% after a Fed stress test, UPS and Teamsters accused each other of walking away from contract talks, and ChatGPT showed its first decline in traffic since its launch.

Litquidity Capital

Jul 5, 2023

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22 min read

🚨 EXEC SUM 250K CLUB 🚨

Taylor Swift’s tour is set to earn $1B+ in sales, the PCE index rose 3.8% in May, Credit Suisse private bankers were told to update resumes amid manager selections, Meta unveiled its Threads app to take on Twitter, and cocaine was found in the White House.

Litquidity Capital

Jun 30, 2023

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18 min read

Affirmative Action Is Gone

The US Supreme Court ruled that Affirmative Action is unconstitutional, the US economy is firing on all cylinders, Morgan Stanley’s board is considering choices for a new CEO, Google is pulling its news service in Canada, Virgin Galactic completed its first commercial flight, and Shein filed for an IPO.

Litquidity Capital

Jun 29, 2023

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19 min read

China's AI Chip Embargo

AI and chip stocks were down on news that the US may limit chip exports to China, US banks have increased sales of loan portfolios to private lenders, Apple stock hit a record high, the Biden-McCarthy deal failed to tame US debt, Teamsters want a final contract from UPS, and OpenAI was sued for theft.

Litquidity Capital

Jun 28, 2023

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20 min read

UBS Is Going Lean

UBS is cutting half of Credit Suisse’s workers, A judge rejected SBF’s bid to throw out his fraud charges, Tesla charging tech is becoming the US standard, Google laid off staff from Waze, Costco is cracking down on membership sharing, PE firms are taking smaller deals, and Disney beat an investor lawsuit over its feud with DeSantis.

Litquidity Capital

Jun 27, 2023

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17 min read

Adios, Noncompetes?

KPMG is cutting 5% of its US jobs, New York might ban noncompetes, Eli Lilly’s new weight loss drug is showing promising results, Apple is launching a new Apple Watch in the fall, Meta launched a VR subscription, Blackstone wants to sell half of its stake in the Bellagio, and Pickleball is causing a spike in health insurance costs.

Litquidity Capital