🍋 Are We in a Recession?

Are we in a recession? Wall Street says no, consumers say yes. Amazon Prime members are getting free Grubhub+. Apple is adding a Lockdown Mode geared towards high-profile users. In crypto winter news, Voyager Digital has filed for bankruptcy.

🍋 Is Wall Street Staying Home?

Looks like half of Wall Street is still working from home based on the “Pret Index.” Subway menu is getting a revamp after what seems like an eternity. Bridgewater is up 32% YTD. Oil fell below $100/barrel and cryptogeddon’s latest victim, Vauld is being acquired by Nexo.

🍋 Billionaire Riri

Rihanna is America’s youngest self-made billionaire. A burger king employee that hasn’t missed a day of work for 27 years raised $350k and counting for his efforts. Turkey’s inflation is out of control and so is cryptogeddon. The latest company in deep trouble is Vault, which stopped withdrawals joining other troubled companies like Celsius and CoinFlex.

🍋 Ultra Fast Lawsuits

Ultra-fast fashion retailer, Shein is in hot waters for copyright infringement. Air New Zealand is planning lie-flat beds for economy class. "Minions: The Rise of Gru" had a blockbuster opening weekend. Deal activity is expected to slow down this year and 500 of the world’s richest have also lost $1.4 trillion, steepest decline in 6 months.

🍋 RadioShack Intern Goes Awf

🍋 Insiders: Is There Anything Safe From Recession?

🍋 Bed Bath & Beyond Messy

Bed Bath & Beyond is a hot mess right now. The stock dropped to a 26-year low Wednesday. Venice is looking to charge day trippers a fee of €3-10! Three Arrows Capital has been ordered to liquidate by a British Virgin Islands court after creditors sued it for failing to pay back loans. Who’ll be the next crypto winter casualty?

🍋 Wall Street Comp Results

We have compiled latest Wall Street compensation figures including internship data. Airbnb is permanently banning parties. There is also a mustard shortage ahead of the July 4th weekend. Pinterest CEO is stepping down and Wharton has come out on top as a new ranking shows Wharton MBAs have the best ROI of any MBA degree.

🍋 The Merger No One Asked For

SBF and his company FTX are eyeing struggling Robinhood. Coinbase is down bad after Goldman downgraded it. JetBlue upped its break-up fee for Spirit to get a deal done. Inflation is expected to sting this 4th of July, as food prices are up as much as 36%.

🍋 Furry Office Neighbors

More workplaces are allowing employees to bring their 4-legged best friends to work. Zendesk is going private. Revlon is officially a meme stock – jumping 615% shortly after reporting bankruptcy. Airports are feeling the summer heat and Fed’s stress test on banks turned out to be A-Ok.

🍋 TikTok-ing Over

Whether you love it or hate it, TikTok is huge. The app had nearly $4 billion in revenue in 2021 and is projected to reach $12 billion this year. Amazon's Alexa will soon be able to speak in a relative's voice. Pink Floyd is looking for $500 million for their music catalog. About 200k borrowers who went to for-profit colleges will get $6 billion worth of loans forgiven.

🍋 Insiders: A Tale of Two Acquisitions