Plus: KKR renegotiating terms with LPs, Bullish rips 84% in IPO, Cava, Chipotle are in salad bowl recession, PwC monitoring office attendance, and US alcohol use hits 90-year low.
Plus: Elon and Altman beefing again, Perplexity wants to buy Chrome for $35B, Spirit Airlines & Kodak warn they may go out of business, and Cava down bad after earnings.
Plus: Trump backtracks on Intelโs CEO, the millennial boss steering Schonfeldโs comeback, Big Tech employees backing Zohran Mamdani, and OpenAI shares trading at a premium.
Plus: Harvard disclosed Bitcoin stake, Sweetgreen ends Ripple Fries after 23% stock drop, surprise gold tariffs sparking a new rally, and it's never been easier to become a billionaire.
Plus: GPT-5 launches, Firefly soars 34% in its IPO, Trump opens 401(k)s to private equity, carried interest makes its way to Abu Dhabi, and AI is reshaping seed-stage VC math.
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: 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: 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: xAI raises another $10 billion, all Citadel funds are in the green for 2025, Amazon will soon have more robots than humans, and Figma filed for an IPO.
Plus: Wealthy New Yorkers looking to flee after Mamdani's win, Meta successfully poached three OpenAI researchers, one of Elonโs top execs exits Tesla, and Trump to name Powell replacement soon.
