Archive | Market Briefing

Meta's 'Twitter Killer'

Most Fed officials agreed to skip June hike - minutes show, meet Meta’s new Twitter competitor, Soros Foundation cuts 40% of staff 1 month after empires handed over to son, Goldman Sachs loses top M&A ranking for the first time in 5 years, and SVB to sell investment bank back to founder for $100M...

Market Briefing

Jul 3, 2023

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7 min read

Student debt derailed

The Supreme Court strikes down Biden’s student loan forgiveness, Twitter imposes new daily limits, Walgreens closing 150 US stores, ESPN lays off 20. on-air personalities, and court orders Kraken to turn over transaction history and account info to IRS...

Market Briefing

Jun 30, 2023

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8 min read

Go woke, go broke?

“Go woke or go broke” billionaire Chamath warns NYC, Shein’s influencer backlash, Google removes Canadian news from search over new law, DoorDash expands to more on-demand categories, and Virgin Galactic completes first commercial flight...

Market Briefing

Jun 29, 2023

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5 min read

$2.5 billion fraud

The Justice Dept charges $2.5 billion in health-care fraud, Tesla starts running ads, Musk accepts UFC champion’s offer for Zuck fight training, Brookfield on a $50 billion deal spree, and Starbucks to offer ‘cleaner’ store decor guidelines after pride clash...

Market Briefing

Jun 28, 2023

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8 min read

Silicon Valley... truly hardwired?

Silicon Valley is on drugs, consumer confidence at 1-1/2-year high, Cathie Wood’s ARK Bitcoin ETF first-in-line for SEC approval, the raging war over remote work, Ryan Seacrest = the new Pat Sajak, and Airbnb’s offering free stays at Barbie’s Malibu Dreamhouse...

Market Briefing

Jun 27, 2023

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8 min read

Top brass chopped

Goldman Sachs to lay off 125 managing directors, Microsoft’s 2030 $500 billion revenue goal, aborted mutiny sends rouble to 15-mo low, Pfizer in race to develop Ozempic rival, and SLC next fintech hub?

Market Briefing

Jun 26, 2023

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7 min read

Coup d'etour

Silence cloaks the Kremlin after mutiny, Meta pulls news from FB and IG in Canada, Ellison sells Oracle stock - first time in 2 years, Legacy media faces dark times as failures mount, and former software engineer is turning SVB collapse into musical...

Market Briefing

Jun 23, 2023

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6 min read

Musk v Zuck

The billionaire bout for the social-media age, Titanic sub destroyed in ‘catastrophic implosion’, BOE surprises with 5% rate hikes, Ford plans new round of layoffs, and UPS workers prepare to strike...

Market Briefing

Jun 22, 2023

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6 min read

Market reacts

Powell testifies inflation fight ‘has a long way to go’, more hikes certain, noises detected in Titanic sub search, Wall Street giants back new crypto exchange, and Apple opens Vision Pro software to developers...

Market Briefing

Jun 21, 2023

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6 min read

$1B A.I. unicorn

Gate’s venture firm just minted a $1 billion A.I. unicorn, the race against time to find missing Titanic sub, Andrew Tate and brother charged, Terra founder guilty of forgery, and Spotify’s set to launch ‘Supremium’ subscription plan...

Market Briefing

Jun 20, 2023

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6 min read

Buffett's big bet

Warren Buffett’s big bet on Japan trading firms, Jack Ma steps back into the spotlight, China cuts two more key rates, Twitter to double-down on video and commerce, and Reddit threatens to replace moderators if pages don’t open...

Market Briefing

Jun 16, 2023

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6 min read

Bear trap set?

Powell sets a bear trap, BlackRock files for Bitcoin ETF using Coinbase custody, China cuts rates to prop up recovery, Cava stock soars in market debut, Toyota stock having its best week in 14 years, Ticketmaster et al agree to show ‘junk fees’ under pressure, and the Reddit blackout rolls on with more than 5000 subreddits dark...

Market Briefing

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