Plus: Tesla's worst quarter since 2022, Amazon bid for TikTok, Ben & Jerry's asks to be 'set free,' Grubhub is reviving Seamless, and Goldman bringing PE deals to wealthy individuals.
Plus: Newsmax moons over 2,000%, there are now 3,000 billionaires in the world, and Hooters blames private equity for bankruptcy.
Plus: Nasdaq down 10.4% in Q1, OpenAI is worth $300B after $40B round, Blackrock CEO plays therapist in annual letter, and Harvard could lose $9B in federal funding.
Plus: European stocks are crushing U.S. ones, Gold hit $3,100, recession odds up to 35%, Musk calls Tesla slump “buying opportunity,” and real estate funds took a record 21.8 months to close.
There are signs of softening global growth prospects.
Plus: Tesla wins Trump's auto tariffs, Elon to wrap up $1T in cuts by May, Nikola founder Trevor Milton claims pardon by Trump, a rare egg M&A & P. Manning's $750M valuation.
Plus: Dollar Tree is breaking up, UPS dropped a tariffs calculator, OpenAI revenue to hit $12.7B, Citadel roasted a former employee, and Amazon snagged LeBron's podcast.
We break it down...
Plus: GameStop popped 14% on Bitcoin news, Cathie Wood issued a $2,600 Tesla price target, Trump launched a stablecoin, and eToro filed for an IPO.
Plus: Deals and IPOs are back on, Houthi group chat leaked, Blackstone’s Jon Gray warns against knee-jerk reactions to tariffs, and designer handbags are the next hot investment.
Plus: JPMorgan rebrands diversity program, StubHub filed for an IPO, some investors think we’re in dot-com bubble 2.0, and why you may want to increase your exposure to bonds.
Luck plays such a big role in the world. But few people want to talk about it.
