Plus: Opendoor moons 80%, record private equity firms turning into zombie funds, JPMorgan wants to build London’s largest office tower, and gold continues to soar.
Plus: Struggling hedge fund PMs the hottest new recruits on Wall Street, Elon dethroned as world’s richest man, Klarna’s successful IPO, and KKR, Blackstone's new Asian HQ.
Plus: Carlyle raises $20B for secondary stakes, Kelce bros beer company hits $200M, Lulu down bad, and Goldman warns Gold could hit $5K if Fed independence compromised.
Plus: Anthropic’s valuation hits $183B, Google rallies 8% after clearing a key antitrust hurdle, Apollo launches a $5B sports fund, and a16z to back ultra-early-stage founders.
Plus: Pod shops are looking more like banks, while old-school hedge fund strategies are staging a comeback, and Nvidia’s top two customers made up 39% of its Q2 revenue.
Plus: Canada Goose draws take-private interest, a niche arbitrage trade gaining traction, AI native grads making big bucks, and ByteDance surpasses Meta revenue, valued at $330B.
Plus: Nvidia earnings day, Cracker Barrel caves to Trump pressure, JPM backing hedge fund that sources ideas from freelance quants, T-Swift engagement and new Caitlin Clark logo.
Plus: Analysts lifting Nvidia price targets ahead of earnings, hedge fund heir donates to Mamdani, 2.5 million on Raya's waitlist, and Chipotle testing drone delivery in Dallas.
Plus: Teen prodigy leaving SpaceX to join Citadel, new Target CEO started out as an intern 22 years ago, Hertz will sell used cars on Amazon, and HF investors pushing back on fees.
Plus: Citi’s raid on JPM bankers crosses double digits, Apollo pushing financial engineering boundaries, SPAC King returns, and foreigners are piling into U.S. real estate.
Plus: Buffett's mystery stock revealed, Trump weighing a government stake in Intel, Airbnb launches “Reserve Now, Pay Later," and private credit slump drags on.
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.
