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Archive
Buffett Bought the Dip
Berkshire Hathaway has been deploying cash left and right, McDonald's is leaving Russia, Canadian home prices dropped for the first time in two years, NYC Covid cases are rising, China's economy is grinding to a halt, and JetBlue made a hostile cash offer for Spirit Airlines.
One Euro is (Almost) One Dollar
Stocks closed green Friday but finished the week negative, Finland and Sweden are set to enter NATO, India is restricting wheat exports, Ford dumped some Rivian shares, the euro is sliding towards dollar parity, investors keep betting on Cathie Wood, CEOs got PAID in 2021, and 10 were killed in a Buffalo shooting.
SBF Bought the Dip
What an eventful week in the financial markets. Sam Bankman-Fried took a 7.6% stake in Robinhood, SoftBank lost $20B on tech bets, the US has a baby formula shortage, Twitter froze hiring, Powell reiterated half-point rate hikes this summer, and Ethereum gas fees keep climbing.
The Big SPAC Pullout
Markets were down bad once again, banks are pulling back on SPAC work, TerraUSD ($UST) lost its dollar peg for the second time in three days, Rivian shares fell 20% on news of Ford selling, Match Group sued Google, Democrats are weighing a bigger Ukraine aid package, and Grindr is going public through a SPAC.