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.
Plus: Hyatt bought Playa Hotels for $2.6B, TD Bank offloaded $14B in Schwab shares, Coca-Cola’s $7B Fairlife bet, and Super Bowl breaks records again.
Plus: New tariffs on steel, Trump wants to get rid of pennies, Trader Joe's capping egg sales, Musk says no to TikTok and BP is being targeted by an activist investor.
Big ideas from Ark Invest.
Plus: Trump exploring eliminating carried interest loophole for private equity, private credit's iPhone moment, and Amazon reports earnings.
