The Fed is dialing back on their rate cut plans for this year. Instead of the three slashes they had hoped for in March, they're now eyeing just one cut. Why? Because inflation is still dragging its feet towards the 2% goal.
Elite Sheet - May 2024
How private equity is helping fund coral reefs, an underserved asset class, and Paramount-Skydance deal falls apart.
Apple will team up with OpenAI to give all of your products - your iPhone, Mac, Mail, and Photos apps - a makeover.
How everybody and their mother starting a podcast pushed the industry into a major bubble, plus Wall Street reads Roaring Kitty the Riot Act.
The building block to consistency and resilience.
Why private equity firms are borrowing against their own stocks to juice up returns, plus Roaring Kitty's first YouTube livestream in three years.
Nvidia becomes the 2nd-most valuable U.S. company and reaches $3T market cap.
BlackRock & Citadel Securities back a new stock exchange, plus new jobs report shows fewest openings since February 2021.
E*Trade wants to ban Roaring Kitty for stock manipulation over GameStop, plus the glitch that caused Berkshire Hathaway to fall over 99.997%.
Bill Ackman is eyeing an IPO, at over a $10B valuation for his hedge fund Pershing Square, plus how bifurcation became Wall Street's word of the summer.
Plus stoic life principles.
