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: U.S. theaters smashed records, Elon teased a Hasbro acquisition, Biden pardoned son Hunter, and 5 things to buy before tariffs take effect.
A long-time horizon is a competitive advantage.
Plus: Starbucks’ Red Cup Day came in red hot. Elon's mom on her son's relationship with Trump. Blackrock close to buying HPS for $12B, and Mexico warns tariffs will cost 400k US jobs.
Plus: Rivian got $6.6 billion from US govt, Citi called Financial Times fake news, and airlines made $12.4 billion from seat selection fees alone over six years.
Plus: Trump pledged more tariffs on China, Mexico, and Canada. DB raised its S&P 500 target to 7,000, and Citi is offering special bonuses to keep employees from leaving.
Plus: Trump picked hedge fund manager Scott Bessent to run the Treasury, and TikTok CEO is reportedly seeking Elon Musk's advice on Trump’s second term.
The results of the US elections are quickly being absorbed by financial markets, propelling US equity indices to new highs.
Plus: the DOJ wants Google to divest Chrome, Trump Media exploring a crypto payment service, and Ken Griffin on tariffs.
Plus: Bill Hwang got 18 years in prison, Adani charged in $250M bribe, Elon unveiled his DOGE vision, Target missed bigtime and FTX CTO dodged jail time.
This week we're breaking down investing in Bitcoin or Gold - which is the better hedge against inflation, and which belongs in your portfolio.
Plus: Nvidia reports earnings today, Apollo CEO is the favorite to be the next Treasury secretary, and Delta will serve Shake Shack on flights with a catch.
Plus: Trump is buying a crypto exchange, Spirit Airlines filed for bankruptcy, and HSBC managers are now required to reinterview for their positions.
