Plus: SpaceX is already trading below its opening price, HSBC is pulling back from risky private credit, and 57,000 rent-stabilized apartments sit empty in NYC.
Plus: Microsoft is cutting thousands of jobs, elite students are ditching banking for startups, and New York is building apartments at a pace not seen since 1965.
Plus: Singapore is becoming a major Wall Street hub, Balogun red card rescinded after Trump call, and Elliott is minting the next generation of hedge fund giants.
Plus: JPMorgan is paying for Charlie Javice's gummy bears, Ken Griffin bought an entire Miami condo building, and bowlers are mad about private equity.
Plus: Trump bought Axon stock right before a $220 million ICE Taser deal, Rocket Lab is trying to catch up to SpaceX, and the consultant's billable hour is under existential threat.
Plus: JPM trashcan thief returns stolen goods and gets slapped with $175 in fines. Wendy's heads to the moon, and a Chicago skyscraper defaulted on Blackstone.
Plus: SpaceX disclosed $100 billion in cash, the stock still dropped 16%, and Bain & Co. is using AI vibe coding to build software replicas for private equity due diligence.
