Litquidity Newsroom

Apple and Goldman launched a savings account paying 4.15% interest, US manufacturing commitments keep climbing, BlackRock is helping the FDIC sell $114B of SVB and Signature Bank assets, US labor supply returned to pre-pandemic levels, US shareholder activism dropped 30% in Q1, and earnings season is off to a hot start.

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It’s a big week for earnings calls as names like Goldman, Tesla, and Netflix report Q1 results, US money market funds are continuing to see heavy inflows, Yellen expects US banks to tighten lending, Musk is planning an OpenAI rival, and Ferrari has record orders into 2024.

All the defi, crypto, web3 news you need in one scroll

Rent inflation is cooling, Twitter partnered with eToro to let users trade stocks and crypto, Chinese exports surged in March, Amazon is facing 18 shareholder proposals this year, Apple tripled iPhone production in India, Sweden’s largest pension fund fired its CEO, and Bernard Arnault is now worth $210B+.

FTX is considering using creditor money to restart crypto exchange (lol), US CPI fell to 5% YoY in March, public debt is growing faster than pre-Covid projections, US government posted a $378B budget deficit in March, JPMorgan wants its MDs back to office full-time, and Europe’s biggest SPAC is winding down.

The Fed expects to see its balance sheet contract through 2025, EY canceled plans to split its audit and consulting businesses, China’s consumer inflation hit an 18-month low, Berkshire raised its stakes in Japan’s five largest trading houses, the US is studying possible rules to regulate AI, and office space for rent hit a record high.

The IMF expects ZIRP to return post-inflation, Wall Street banks are bracing for lower earnings, Activist investor moves hit all-time highs in Q1, BOJ’s new chief will stick with loose monetary policy, KPMG missed SVB warning signs in a pre-collapse audit, US used EV sales rose 32% in Q1, Bitcoin climbed over $30k overnight, and Billy McFarland is bringing back Fyre Festival.

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US average hourly wages rose 4.2% YoY in March, corporate bankruptcies jumped in Q1, Morgan Stanley wants to set up a futures shop in China, the IRS will hire 20k new workers by 2024, WeWork adopted a poison pill, Tesla cut its US prices again, and millennial homeowners now outnumber renters.

All the defi, crypto, web3 news you need in one scroll

Senior Credit Suisse bankers are getting bonuses slashed bigly, VC funding is down 50% YoY, Tiger Global tried to sell VC fund stakes, Walmart sees sustained inflationary pressures, Tesla’s EV dominance is fading, FedEx is merging its two main delivery networks, and Chamath dropped his 2022 annual letter (and got roasted on twitter for it).