Litquidity Newsroom

George Soros is turning over control of his empire to his son, the Fed is set to pause rate hikes, Sunak wants the UK to embrace AI, UBS will impose restrictions on CS bankers, Netflix subscriptions are rising as the streaming platform cracks down on password sharing, and Egypt’s inflation hit 40% in May.

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The Eurozone hit a recession in Q1, US household wealth hit a record high last quarter, Japan’s stock market has been crushing, GM will join Ford in adopting Tesla’s charging fund, and Trump was indicted on federal charges.

New York City currently looks like an apocalypse movie, Messi is taking his talents to South Beach, Bank of Canada raised rates to a 22-year high, US labor markets were resilient in May, Microsoft is offering OpenAI’s GPT models to government cloud customers, Manhattan apartment prices are through the roof, and Amazon is planning an ad tier for Prime.

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The SEC continued its crypto crackdown by suing Coinbase, the PGA Tour and LIV Golf are merging, the BoE ended its corporate bond sale program, European VC funding keeps dropping, Sequoia is splitting into three, Jamie Dimon is *not* running for public office, and Sam Altman wants OpenAI to remain private.

The SEC is suing Binance and its founder Changpeng Zhao, Apple revealed its new VR headset, UBS expects its Credit Debit Suisse acquisition to close as early as next week, CMBS delinquencies saw a large spike, Walmart topped the Fortune 500 list, and Mike Pence is running for president.

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Saudi Arabia is cutting its oil output, airlines are making bank this summer, China is cracking down on AI-driven fraud, McCarthy is proud of the debt ceiling deal, Apple has a mixed reality headset, Suncor is cutting 1,500 jobs, UBS might delay its results, and Airbus has a new 500 jet order.

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Congress passed the debt ceiling bill, the Fed is likely to pause rate hikes in June, Jamie Dimon hinted at a potential presidential run, corporate accounting manipulation is at a 40-year high, the CA bill to force Big Tech to pay for news is gaining momentum, and billionaire SPAC kings are getting sued.

Bill Ackman wants Jamie Dimon to run for president, the US debt ceiling bill passed House voting, American Airlines is appealing a court ruling that opposed its deal with JetBlue, Musk is the world’s richest person again, and Meta threatened to yank news content from California.