Plus: Messi is a billionaire, short bets are at a decade high, and Zoom quietly made $1 billion on an Anthropic bet.
Plus: IRR is losing its appeal as investors focus on distributions, Dimon wants to hire more AI staff and fewer bankers, and JPM fighting over comic books locked in Mississippi.
Plus: Private credit sending mixed signals, PE portfolios are finally thawing, and DOJ dropped fraud charges right after a $10 billion pledge.
Plus: Apollo emerging as early winner in private credit panic, Michael Burry is flashing bubble warnings, and Lime files to go public.
Plus: GameStop is bidding for eBay, Spirit Airlines shut down, and KKR just raised $10 billion for AI infrastructure.
Plus: Powell is staying put, Blackstone is rolling out a dedicated AI division, and junior bankers are automating themselves out of the grunt work.
Plus: Intel just had its best day in nearly four decades, Jane Street out-earned every bank, and Google is doubling down on Anthropic.
Plus: SpaceX strikes $60 billion deal for the right to buy coding startup Cursor, Netflix is buying studio lots at distressed prices, and the Fed's next chair is already drawing lines.
Plus: Anthropic’s new model is already moving stocks, private credit redemptions keep climbing, and retail investors are getting a shot at the OpenAI IPO.
Plus: TACO trade would've made you 52%, Meta drops new AI model, and incoming Tesla-SpaceX merger?
Plus: Hedge funds dumping global stocks at fastest pace in 13 years, Maine banning data centers, and more Americans are breaking into the upper middle class than ever before.
Plus: Nike CEO vents about poor earnings, how much sleep bankers are actually getting, Ken Griffin's plan to reshape Miami, and more private credit trouble at KKR.
