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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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Two Different Worlds in VC
Together with Good Morning, US banks saw a rebound in dealmaking and trading, inflation data caused markets to rethink rate cut bets, Jamie Dimon warned on Fed independence, Investors are piling into US tech stocks at the fastest pace in sixteen years, and AI startups are seeing a funding surge while most VCs are struggling …
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JPMorgan Beats Earnings
JPMorgan beat Wall Street expectations for the sixth consecutive quarter, posting strong results across trading and investment banking. Here’s the tale of the tape: • EPS came in at $5.24 (vs. $4.48 est.) • Revenue hit $45.68B (vs. $44.06B est.) The firm’s markets division saw a +15% YoY revenue increase to $8.9B, largely driven by …
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Musk Called to the Principal’s Office
Together with Good Morning, Investment banking is set to extend its worst run in over ten years, European VCs are on pace for their worst fundraising year in a decade, commodity traders are looking at a massive windfall on tariff-fueled trading, and EU will hold talks with X after Grok turned into Hitler. UpSlide and …
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Twist in Big Tech M&A
Together with Good Morning, SWFs are warming to active management and China, India is on track for a record IPO year, US Treasury posted an unexpected surplus, investors are bracing for a crucial earnings season, and Big Tech is turning to reverse-acquihires to avoid M&A scrutiny in the race for AI growth. Besides their rapid …
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Jamie Dimon Gives it Straight
Together with Good Morning, PE giants are increasingly investing in each other's deals, Trump's antitrust enforcers are being lenient on mega M&A deals, private credit firms are pitching more leverage to beat out banks for PE deals, and Jamie Dimon had some harsh things to say about Democrats, Europe, and market bulls. In part one …
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Investment Banking Loyalists
Together with Good Morning, Musk's Grok AI chatbot went full Hitler, a16z left Delaware and advised startups to follow, Nvidia hit a $4T market cap, TikTok is prepping a US app with its own algorithm, a global regulator said hedge funds should face limits on leverage, and Goldman Sachs is demanding loyalty oaths from analysts …
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Goldman Sachs’ Loyalty Test
Goldman Sachs is reportedly implementing a new loyalty certification system for junior bankers, requiring them to confirm every three months that they haven’t accepted job offers elsewhere. The initiative is part of a broader effort to stem the tide of private equity firms poaching talent early in analysts’ careers, often during or even before their …
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Government Sachs
Together with Good Morning, All megafunds delayed on-cycle recruiting after Jamie Dimon's pushback, Florida's crazy non-competes bill became law, VC IPO exits are headed for a decade-low, Russia banned Yale University (???), and ex-UK PM Rishi Sunak re-joined Goldman as a senior advisor. Columbia Business School Exec Ed and Wall Street Prep launched a comprehensive …
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Former UK Prime Minister Rishi Sunak Joins Goldman Sachs as Senior Advisor
Nearly two decades after launching his career at Goldman Sachs, former UK Prime Minister Rishi Sunak is returning to the Wall Street giant, this time in a senior advisory role. Goldman Sachs CEO David Solomon announced Tuesday that Sunak will join the firm to provide strategic counsel on macroeconomic and geopolitical matters. Sunak began his …
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Trade War II
ilpTogether with Good Morning, US will resume 'reciprocal' tariffs in August, public university endowments are increasing PE investments despite a slowdown, first-time home sales are tanking, investors are piling into tokenized Treasury funds, and DOJ and FBI found no 'client list' or foul play related to Epstein's crimes and death. Farsight AI is automating workflows …
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New Party, Who This?
Together with Good Morning, After spending the long weekend celebrating America's birthday, monitoring the situation, and digesting the news of Elon’s new political party, the Exec Sum team returned to a pleasant surprise: 350,000 Exec Sum subscribers 📈 We're incredibly thankful to each one of you for trusting us as your go-to source for financial …
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Markets rally ahead of America’s Bday
Good Morning, Hedge funds had a good H1'25, Wimbledon debentures have become a lucrative investment for wealthy tennis fans, markets hit new all-time highs, Diddy was acquitted of most charges, and 5+ startup founders realized via social media that they were all employing some guy from India at the same time. As we head into …