Plus: Senior partners are leaving their VC firms in droves, investment banks cutting headcount, and Americans could lose $3,800 from tariffs.
Plus: Trump doubles down on tariff stance, Musk breaks with the administration over tariffs, Jay Powell says inflation will go up, and StubHub and Klarna will delay IPOs.
Investors could have generated approximately three times more wealth by investing in private equity versus the public markets.
Plus: Oracle, Blackstone, and a16z nearing TikTok deal, RH CEO curses in earnings call hot mic, and Hershey to buy healthier snacks maker LesserEvil for $750 million.
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...
