Plus: 40% of McKinseyโs revenue is now from AI, Swiss tariffs will raise Rolex prices, Goldman buying Haฬagen-Dazs, and how flying private became the ultimate wealth flex.
Plus: Reddit is mooning again, Apple beat, Amazon disappointed, and MSFT joined the $4T club, Trump slapped 35% tariffs on Canada, and Dimon and Trump squashed beef.
Plus: Microsoft and Meta fuel $500B gain in AI stocks, LPs have had enough of continuation vehicles, and Tariff deals bringing investors back into U.S. stocks.
Plus: Blackstone exec among those killed in Manhattan shooting, automation is coming for junior roles in PE, and OpenAI launched a Study Mode in ChatGPT.
Plus: New S&P bull target, 32% jump in Dubai investment firms, private credit bails out an Ivy, Carlyleโs succession shakeup, IPOs are back, and Dimon not happy with Plaid.
Plus: Mercedes-Benz puts Microsoft Teams in cars, Goldman pauses layoffs, Blackstone tops $1.2T AUM, and the 5ยข meme stock behind 15% of US trading volume.
Plus: Buffett's intangible moats, tech investor outlook, and 7 habits to end the day.
Plus: You can now Venmo the Treasury to pay off the national debt, Lazard CEO wonโt make analysts sign affidavits, and Blackstone's IPO pipeline strongest since 2021.
Plus: The fastest company to hit $100M ARR, American Eagle up 28% after Sydney Sweeney ad, Google beat earnings, and Columbia to pay $200M to settle Trump fight.
Plus: Stocks are ripping but no one knows why, Goldman is starting to get worried about the economy, and SpaceX warning investors that Musk might jump back into politics.
Plus: Jerome Powell hit with a criminal referral, new Astronomer CEO finds silver lining in kiss cam fiasco, Blackstone backs out of TikTok bid, and Trump Media buys $2B in Bitcoin.
The 28-year-old MTS Health Partners associate was struck during an all-day golf tournament in New Jersey, highlighting the sudden dangers of summer storms.
