Litquidity Newsroom

Fitch may downgrade dozens of banks, Hindenburg has a new short target, US retail sales topped forecasts, Bain acquired Fogo de Chão, US Steel takeover talks have manufacturers concerned, hedge funds beefed up their AI bets, and Home Depot’s inflation pressures eased.

Hollywood studios have offered writers a new deal, Burry is shorting the market again, UBS will pay billions to settle a DOJ mortgage-bond case, China cut key rates, hedge funds are preparing for a legal battle with the SEC over fee disclosures, and physical markets are helping push oil to $90.

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Zuck says the fight with Musk is off, the US housing market is recovering, Goldman expects a Fed rate cut in Q2 2024, the latest stock market rally has stalled, Amazon is racing to catch Microsoft and Google in generative AI, airlines are adding more high-end seats, and China hedge funds are down bad

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The Fed is expected to pause, but not pivot, after a tame inflation report, Deutsche Bank’s asset manager is targeting a Holy Grail of the world’s ultra-rich, Morgan Stanley hopes for a drama-free CEO handoff, Disney wants sports leagues as ESPN partners, tech investors are wary of ‘new era’ of China investment restrictions, and the US is set to crack down on real estate money laundering.

UPS drivers are getting paid like investment bankers, Citadel boosted its fixed income presence, Brookfield expects record inflows in 2023, WeWork’s struggles paint a dim picture for the NYC office market, the FAA extended cuts to airlines’ minimum flight requirements from NY airports, and Portnoy bought Barstool back for $1.

Dave Portnoy bought back 100% of Barstool from Penn, WeWork is a going concern, Wall Street bankers got fined big time for illegal texts, ESPN is launching a sportsbook with Penn, Zoom wants employees back in office, Tesla’s CFO made a fortune, and some savings accounts have higher interest rates than millions of mortgages.

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US consumer credit card debt exceeds $1T, stocks closed in the green, Credit Suisse is cutting 80% of its Hong Kong IB jobs, Berkshire closed at a record high, Tesla’s CFO stepped down, Apple’s iPhone 15 is reportedly set for mid-September launch, US tech groups are backing TikTok’s challenge to Montana’s state ban, and banks want to dump property loans.

Barbie is on pace to top $1B in the box office, UBS is set to shake up its IB division, Musk says his fight with Zuck will be streamed on X, global investors are pivoting from China to Japan stocks, and SoftBank is benefiting from the rebound in tech valuations.

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