Featured
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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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Never Skip Due Diligence
Together with Good Morning, Jane Street's co-founder was duped into funding AK-47s for a South Sudan coup planned by a Harvard fellow. One slip up in due diligence and next thing you know, you're overthrowing governments 🤦 Also, lots of mixed reactions to the NYC mayor Democratic primary but Twitter sums up the sentiment perfectly… …
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Shell To Acquire BP
Shell is in early talks to acquire BP per the WSJ. The deal could be worth around $80 billion and would potentially mark as the largest oil acquisition of this generation. According to reports, the talks between the representatives are still in the early stages and a representative said discussions are moving slowly. Currently BP …
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Is NYC Cooked?
Together with Good Morning, Congress is planning a tax cut for private credit investors, investment groups are calling for a tax exemption for passive income, JPMorgan is struggling to trade private credit, and Zohran Mamdani won the NYC mayor Democratic primary in a surprise upset. Mizuho's US Industrials Equity Research Analyst Brett Linzey explored the …
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New Recruiting Chief in Town
Together with Good Morning, US markets rallied on de-escalation efforts in the Middle East, hedge funds pumped leverage back to five-year highs, Oman will become the first Gulf nation to levy personal income tax, NYC's Democratic mayor primary has voters on edge, and Zuckerberg is leading the AI recruitment (or poaching🤷‍♂️) blitz with ultra-ambitious acquisition …
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Thank you for your attention to this matter
Together with Good Morning, The Iran conflict dominated headlines over the weekend, with US successfully striking Iran's nuclear facilities. Thank you for your attention to this matter. Columbia Business School Exec Ed and Wall Street Prep launched a comprehensive online program on AI for Business & Finance, covering everything from GenAI foundations to advanced ML …
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No Off Days for Central Banks🏦
Together with Good Morning, We hope you enjoyed the Juneteenth holiday in whatever capacity you could. Before we dive in, I wanted to invite you folks to the Litquidity Classic on June 28th in NYC. Whether you're signing up a team to compete or grabbing some friends and enjoying the food, drinks, and music, it'll …
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Goldman SPACs
Together with Good Morning, Barclays hired McKinsey to simplify its investment bank, traders are betting on a dove to succeed J Pow, bank execs are counting on S&T to offset a slowdown in dealmaking, and Goldman Sachs lifted its self-imposed ban on SPAC underwriting. Neutral is taking over multi-family real estate development by focusing on …
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Sam vs Satya
Together with Good Morning, JPMorgan's Europe CEO will work from NYC, Centerview was the sole advisor on Meta's $14B Scale AI deal, Millennium is planning its first ever stake sale at a $14B valuation, Blackstone is making a push into financial institutions, and OpenAI considered snitching on Microsoft to the Feds as their partnership hit …
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Monitoring the Situation
Together with Good Morning, Traders are monitoring the situation in the Middle East after Israel and Iran launched strikes. Also, Google, Microsoft and OpenAI are all cutting ties with Scale AI after Meta acquired half of the startup. Big Tech competition is no joke… A team of Zillow execs founded Pacaso to democratize co-ownership of second homes. …
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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 …