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Nvidia (probably) saved the day
Together with Good Morning, Nvidia’s crucial earnings beat didn’t do much to boost stock market sentiment after-hours, at a time where US equities are already taking a beating. On a related note, active fund allocation to Big Tech stocks fell to the lowest since 2008. Move on from the daily deluge of tedious tasks and …
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Mediocre 7
Together with Good Morning, US stocks tumbled further after another round of pessimistic economic data, with major indexes turning negative YTD and Big Tech stocks taking a blow on the compounding threat of Chinese AI competition. Investors are nevertheless unironically hoping for Nvidia’s earnings today to change the tide. Automate your complicated business spend and …
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When AI meets Wall Street. A deep dive on Brightwave
Brightwave is revolutionizing the way Wall Street professionals work with their powerful AI platform. If you work in financial services, this deep dive is for you.
More from the archive
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End of the Illiquidity Premium?
Together with Good Morning, Apollo will delay associate recruiting after JPMorgan banned analysts from recruiting too early, Moelis' incoming CEO pledged to push 'hazing' out of banking culture, Musk 'regrets' attacking Trump on Twitter, and private market funds underperformed the S&P 500 over all time horizons for the first time in 25 years. With summer …
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VC versus TC
Together with Good Morning, Zuckerberg is offering $100M+ compensation packages to poach AI talent. Yes. You read that right. On a related note, Meta effectively took control of startup Scale AI to solidify Alexandr Wang's place as the youngest self-made billionaire. Crazy developments in the AI space… Tune in to a conversation with Vikram Malholtra …
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A Barbie Legacy for Ken
Together with Good Morning, US-China trade talks will continue into a second day, Japan pension funds are hiring their first CIOs, new grads are joining the worst job market in years, OpenAI ARR doubled in six months, and Ken Moelis will step down as CEO of Moelis. Bitcoin Depot, the biggest Bitcoin ATM network in …
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Is ESG Anti-Trust?
Together with Good Morning, A rare slow weekend in the finance world as markets digested the heated Trump-Musk breakup… Some interesting reports nonetheless, with Korean retail traders taking an activist stance, Europe markets gaining steam, and Texas suing BlackRock and Vanguard for colluding. Accelerate and streamline your M&A workflows like never before with SS&C Intralinks. …
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The Boys Are Fighting
Together with Good Morning, Top PE execs shared some strong opinions on the state of markets, a Chicago PE firm has a stake in Gaza aid activities, BCG fired two partners over Gaza aid work, and Musk and Trump went public with one of the messiest breakups in modern politics. The companies winning today understand …
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All Credit to Apollo
Together with Good Morning, Global stocks recovered to all-time highs, Circle's IPO was a hit, Novo Nordisk's women employees are now making more than men, Apollo is eyeing investment-grade private credit, Americans are setting savings records, and AQR has completely embraced AI/ML in trading decisions. Speaking of AI, Columbia Business School and Wall Street Prep …
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BlackRock Gets a Pass
Together with Good Morning, Texas Stock Exchange will debut trading in Q1 next year, Musk had some harsh words for the Republican tax-and-spending bill, hedge funds got a boost from stocks, and Texas removed BlackRock from a blacklist after BlackRock retreated from ESG. The companies winning today understand that building your runway is as important …
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Consultant to CEO Pipeline
Together with Good Morning, PE execs are struggling to pacify LPs, bond giants are avoiding US long bonds, Musk's startups went on a fundraising spree, and consulting firms are now the leading source of CEOs. The summer Wharton Online-Wall Street Prep Private Equity Certificate Program is right around the corner! Level up your PE skillset …
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The Trump Acronym Trade
Together with Good Morning, Megafunds are avoiding a prominent private credit ratings firm, Jamie Dimon supports a tax on carried interest, Apollo is keeping its 'foot on the gas' in dealmaking, DOGE is now targeting tech firm contracts, and traders are looking for clues in TACO, FAFO, MAHA and all sorts of Trump acronyms. Automate …
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PE vs Credit War Wages On
Together with Good Morning, Trump pressed J Pow on rates in their first meeting since inauguration, Apollo partnered with major banks to trade private credit, US Q1 corporate profits fell by the most since Covid, an appeals court reinstated US reciprocal tariffs, and Clearlake banned 100 lenders from trading a PortCo's distressed debt. Tired of …
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TACO Trade
Together with Good Morning, Musk departed DOGE, Delaware hired an investment bank to advise on OpenAI's conversion, UK will force pensions to invest in PE, Shein may now IPO in Hong Kong, and Trump blasted a journalist for accusing him of fueling the Wall Street 'TACO' trade. The implications of that accusation would likely be …
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Citadel Securities Secured a Bag💰
Together with Good Morning, McKinsey laid off 10% of its staff, PE fundraising plunged in Q1, US paused student visas, YouTube topped Disney and Netflix in TV viewing, and Citadel Securities posted record Q1 profit amid April's turmoil. See how you can transform your spend and expense management with BILL, and they'll send you a …