Litquidity Newsroom

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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The S&P closed in the red as bond yields continued to rise, DC isn’t worried about Fitch’s downgrade, Elon is a big fan of T Bills, Amazon had a blowout earnings report, Airbnb bookings were lower than expected, BoE raised rates again, and ESPN created a strategic plan for its streaming business.

Jamie Dimon and Janet Yellen weren’t fans of Fitch’s downgrade, the US boosted the size of quarterly bond sales for the first time in 2.5 years, European IPOs hit lowest level since 2009, Asian investors are ramping up dollar hedges, Ackman is short US 30Y bonds, and US banks are betting big on AI applications.

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Fitch downgraded the US from AAA to AA+, fund managers are struggling to attract new capital, Uber is finally generating profits, Apple is headed for its largest Q3 revenue drop in years, China wants banks to delay dollar buying, AMD is planning an AI chip debut, and Meta offered to seek consent for personalized ads in Europe.

The eurozone economy grew in Q2 after a Q1 decline, traders are bracing for a wave of Treasury sales, the equity-risk premium is at a 20-year-low, the US has a construction worker shortage, companies with high ESG scores are polluting as much as low-score rivals, Exxon is in talks with Tesla and Ford to supply lithium, and SBF may have been behind the $BALD crypto project scandal.

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The PCE index rose just 3% YoY, US consumer sentiment hit its highest level in two years, Brazil is cutting rates in August, Barbenheimer sales stayed strong in second weekend, DoorDash is working on an AI chatbot to speed up ordering, and the pay gap between US cities is growing wider.

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Sequoia is downsizing its crypto fund, US growth is accelerating on the back of strong consumers, BOJ adjusted its yield curve control policy, China’s debt ratio hit a record, Amazon is infusing Alexa with AI, and Bud Light’s brewer laid off 300+ corporate employees amid sales slump.

The Fed raised rates by 25 bps, Meta’s ad business rebounded, investors are dumping Chinese stocks for other emerging markets, the BOJ is keeping ultra-low rates, the EU agreed to create a real-time consolidated record of securities deals, thousands of users have tried Amazon’s AI service, and the PGA tour is making concessions to players concerned about LIV’s Saudi ties.