US stock indexes slumped on Friday as traders rotated out of tech stock amid rising yields and inflation 

Chinese stocks have become the biggest losers from the faltering AI trade

Indonesia's JKSE plunged 12% in its worst day since 1998 to take YTD losses past 40% after MSCI warned it could cut the nation from indexes

Dollar posted its worst week since early September

Brent touched $110/bbl for the first time since May

What we're watching this week: 

Full calendar here

Odds of Musk's personal wealth re-crossing $1T momentarily spiked following a historic Tesla Roadster launch. Interesting to see how the evolution of Tesla cars (rocket-powered but still EV) will play out for business

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France is in shambles (NYT)

US annual budget gap hit a five-year high at $2T (RT)

Funding markets diverge as T-bills cheapen (RT)

Central bankers eye higher rates as AI boom fuels scramble for cash (RT)

America's $10T AI infrastructure boom is starting to fray (FT)

Global hedge funds got hammered by the AI aloof last week (RT)

China AI supply chain IPOs hold firm despite valuation pullback (RT)

Big Tech firms are showing 'deep interest' in mining stakes (FT)

Quant trading firms are assembling teams to trade compute (BBG)

Evercore named co-presidents for first time ahead of CEO succession (FT)

JPMorgan and BofA cut off MAGA and Democrat groups (WSJ)

Citigroup and BofA restricted AI agents from accessing client accounts (FT)

Anthropic was assigned highest junk credit rating BB+ by KBRA in June (FT)

Anthropic has quietly pitched its own AI safety bill to lawmakers (RT)

Apple blames 'extraordinary' demand as foldable iPhones sell out (FT)

Accenture capped employee's Claude budget to $29/month (404)

CoreWeave's CEO sold $1B of stock since IPO (RT)

Rich make millions by flipping private jets (FT)

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SoftBank is considering an acquisition of Warburg Pincus and La Caisse-backed security services giant Allied Universal for $30B, including $12B of debt

EQT agreed to LBO Australia's Cleanaway Waste Management for $6.5B, including debt, at a 32% premium

Japanese life insurer Daiichi Life offered to buy the remaining 80% of Aussie asset manager Challenger at a $5.5B valuation at a 20% premium

French pasta maker Panzani and Portugal's Cerealis are in exclusive talks to merge in a $2B deal

IT consulting giant Accenture is exploring a $1.5B sale of its China unit

German airline Lufthansa is exploring a $1.1B sale of its Lufthansa Systems software unit

Avenue Capital emerged as the leading bidder for a 10% stake worth $360M in the international media rights of Italy's top soccer league Serie A

PACT Capital acquired a minority stake in MM PE firm Sterling Investment Partners

Brazil's largest financial institution Itaú Unibanco will acquire a 35% stake in Brazilian alternative asset manager Prisma Capital

Delfin, the holding company of Italy's Del Vecchio family and top shareholder in EssilorLuxottica, held preliminary talks for ​financing options for a purchase of stakes in Delfin held ‌by one or more shareholders

Spanish steelmaker Celsa is weighing a sale or IPO

Allswell, an LGBT behavioral health company, raised a $7M seed round led by Rethink Impact

Hang Ten, an AI creator-economy startup, raised a $53M funding round led by Xora (Temasek)  

RapidCanvas, an Indian managed AI execution company, raised a $29M Series B led by Vertex Ventures SEA & India 

Sharp Performance, a confidential performance coaching platform for first responders, raised an $18M Series A led by Hidden Variable

Multiliquid, a tokenized asset settlement platform, raised an $8M seed round led by Polychain Capital

Anthropic will commit 5% of shares to a public benefit fund

Mynt, the company behind Philippine fintech GCash, is set to raise $1B at a $7B valuation in Philippine's biggest IPO ever

Egypt's Banque du Caire is looking to raise $455M in a 30% IPO, the country's biggest IPO in years

Fidelity-backed RNAi-based drug developer of City Therapeutics jumped 25% after raising $200M in an upsized IPO for a $1.16B valuation

Dubai Investments Park Development is pushing ahead with plans to IPO in UAE's first listing this year

Quantisimo, a quantum technology platform backed by WISeKey, will merge with SPAC GigCapital8 Corp. at a $666M pro forma equity value

Kimberly-Clark is in talks for a bond sale to fund its $36B cash-and-stock acquisition of Tylenol maker Kenvue

Bank of America sold $8B of high-grade debt

Carlyle agreed to buy $7.7B of unsecured personal loans from Truist Financial

US regional lender First Horizon will offload $4.5B of consumer mortgages

Thoma Bravo-backed cybersecurity firm Proofpoint secured $1.25B in high-yield debt led by JPMorgan and UBS to support its $6.3B all-cash acquisition of peer Varonis Systems  

Indian IT firm Persistent Systems is set to raise $840M in local bonds to fund its $1.25B acquisition of German technology services ​company Nagarro

Summit Partners and OptumHealth-backed Sound Inpatient Physicians is close to a $1B refinancing with existing lenders including Monarch and PGIM after a loan deal failed

Anthropic offered Blackstone a more than 10% yield to finance its latest chip deal

Microsoft pulled out of a deal to lease compute from UK cloud startup Nscale

Angola is weighing panda and Islamic bond sales to diversify funding sources

Swiss PE firm Partners Group is blocking hedge funds from disrupting efforts to refinance $6.7B of debt owed by Emeria, Ammega Group, and Breitling

Struggling Hong Kong developer New World Development is in talks with banks to extend an $11.2B loan

Oaktree's deal to take over a life insurer owned by Advantage Capital Holdings collapsed, leaving the firm to discuss alternatives amid exposure to defunct investment firm 777 Partners

PE firm GTCR raised $14.2B for its latest flagship fund

Healthcare/biotech investor OrbiMed raised $3B across its tenth US and Europe privates fund and sixth Asia fund

EMK Capital raised a $1.4B CV for Dutch technical installation services provider VDK Groep led by LGT Capital Partners and Coller EQT

Private markets investor Cliffwater's real assets funds surpassed $1B in AUM in one month

CAZ Investments' private markets interval fund hit $900M in AUM

Investment firm Apogem raised $472M for its fourth real asset funds which will focus on lower MM and MM opportunities through secondaries, co-investments, and direct deals

UK asset manager Legal & General and renewable energy specialist NTR raised $370M for its fourth clean power fund 

Lightspeed Venture Partners is targeting $250M for its fifth India fund

Industrials real estate investor The Meritex Company raised a multi-asset CV led by Goldman Sachs

Coller, the secondaries specialist owned by EQT, launched its third credit secondaries fund

Goldman Sachs, Wells Fargo, and Morgan Stanley all called tokenization a growth opportunity on Q3 calls

OpenAI models hacked a crypto wallet

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I was recently chatting with my buddy about Lego's business success and how they've managed to pounce on virtually every cultural trend to stay persistently relevant among all demographics. Turns out WSJ had the same thoughts in mind. Check out their interview with Lego's product and marketing chief Julia Goldin on how the iconic brick-maker has expanded its scope beyond young boys.

Also, nearly all volume on FIFA-linked prediction market ADI PredictStreet is circular trading.

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Outstanding academic and professional track record with a technical degree from a top university in a STEM or adjacent field

Demonstrated history of developing successful quantitative models, preferably involving transaction cost analysis or high-frequency trading

Deep proficiency in numerical and statistical tools and programming languages like Python or Java in a quant research or trading environment