🍋 Bonuses Down Bad
Wall Street bonuses fell the most since 2008, college seniors are struggling to find jobs, and Manhattan office vacancy hit a new record.
🍋 Bank of Apple
Apple launched its BNPL business, Nasdaq entered a bull market, remote work became less popular last year, and AI whisperers are making over 335k.
🤝 Insiders: AI Deep Dive
Insiders Investment Newsletter: AI Industry Deep-dive
🍋 Social Media Caused Banking Crisis
The Senate held its first hearing on SVB’s collapse yesterday, and the finance world is still scrambling to make sense of the aftermath. But regulators are starting to point the finger at an unlikely target - social media.
🍋 The New SVB
First Citizens bought most of SVB, Twitter takes action after code leak, and Binance sued by U.S. regulators.
🍋 The Dark Side of Hiring
It’s looking like even prospective employers are stringing you along in 2023. A new Wall Street Journal found that more and more companies are resorting to deceptive tactics like ‘ghost postings’ to make it seem like they're hiring when they're actually not.
Insiders:💰How To Get Ahead of 99% People
Weekly alpha-generating and thought-provoking newsletter by Short Squeez Insiders.
🍋 SVB Wrecked Cali
California’s economy has been in a slowdown for the past year or so. Tax collections from high earners are plummeting, and the stock market is floundering, resulting in a budget deficit of $22.5 billion in the coming fiscal year. And experts think SVB contagion will add to the state’s woes.
🍋 Crypto Comeback
Crypto VC funding has gone cold in 2023, and startups are facing a tough task - how to rebuild the trust of investors and consumers in an industry that has been rocked by scandal. After FTX and the industry’s two largest banking partners (Silvergate and Signature) went belly-up, some founders are now questioning whether the term "crypto" itself is too tainted to effectively fundraise and market their businesses.
🍋 Private Equity Under Pressure
It’s looking like some of private equity’s biggest backers are starting to rethink their investment strategies. Public pension and investment funds have aggressively pursued this risky and expensive asset class over the past decade. But a new Wall Street Journal survey found that many state and local retirement systems are beginning to pull back and test the waters in the public markets.