Litquidity Newsroom

Short seller Andrew Left was criminally charged, SPAC deals are poised for a comeback, Hudson Bay accused the Fed of engineering lower long-end yields, and Bill Ackman delayed the IPO of his new closed-end fund.

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OpenAI unveiled a search engine to rival Google, WhatsApp hit 100M active US users, Bill Ackman’s newest fund may raise ~90% less than he planned, and David Rubenstein’s daughter resigned a top job after cronyism claims

China is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked.

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LPs are wary of PE continuation funds, FTC is probing ‘dynamic pricing’ practices, US home prices hit a record-high, insurers are set to lose billions from CrowdStrike’s glitch, and early Big Tech earnings came in mixed.

‘Twas a pretty calm day in markets, with stocks regaining ground after last weeks selloff and businesses continuing to reel from CrowdStrike’s glitch. Meanwhile, a slew of failed M&A deals are making bankers rethink fee structures.

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A CrowdStrike glitch nearly crippled the global economy, Taleb’s protege thinks the greatest bubble is at its peak, secondaries had a record H1, and Biden dropped out of the presidential race.

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Blackstone increased its pace of investments, foreign holdings of US debt hit a record high, OpenAI is exploring making its own AI chips, and Amanda Staveley is going football club shopping.

Dimon thinks the Fed should wait on rate cuts, Trump u-turned on TikTok, Wall St reported its best IB results in two years, and chip stocks got absolutely whooped.