Proprietary comp report by Overheard on Wall Street.
Harvard's endowment got rekt by private equity and hedge funds, but private equity professionals expect double-digit raises in 2024.
Private equity and venture capital firms from Silicon Valley to Wall Street are pumping millions of dollars into the psychedelic revolution. Investors are betting on the power of mind-bending drugs to transform mental health treatment and cut costs.
Plus: The Pentagon told employees to ignore Elon’s "What did you do last week?" email, UNH is back in the spotlight, Nvidia earnings this week, and private credit billionaires.
Hang on to something — or ride the wave — because three big tech trends are about to converge.
Plus: Trump's 'goal' to abolish the IRS, 49ers exploring PE investment, McKinsey says RTO won’t make workers more productive, and Amazon takes over 007.
Plus: Microsoft created a new state of matter, X's valuation is back at $44B, Nikola filed for bankruptcy, and who got the biggest pay bump on Wall Street.
Is DeepSeek a scrappy AI disruptor or a rule-breaking opportunist?
Plus: Trump calls Elon the smartest person he's ever met, Bill Ackman wants to make a “modern-day Berkshire Hathaway,” and Howard Lutnick was confirmed.
Plus: Trump’s posts no longer move markets like they used to, JPM fired then rehired an analyst for questioning Dimon’s RTO policy, and 70% of NYC adults are unmarried.
Plus: Javier Milei rug pulls, Elon's baby mama drama, why NYC singles pay $20k/year to live alone, PE struggling to raise money, and JPM runs out of desk space.
If a picture is worth 1,000 words, this chart book should save you from reading 25,000 of them.
Plus: Trump's reciprocal tariffs, Morgan Stanley offloads its $4.7B X debt, and JPM's rising investment banking fees.
Plus: JPMorgan announces layoffs, Elon uncovers limestone mine, Dalio's debt warning and McKinsey ignoring federal DEI orders.
Plus: Elon says Fed could be audited while Powell pushes back, Goldman scraps IPO diversity pledge, and JPM employees petition to halt 5-day back-to-office rule.
