Plus: Goldman, JPMorgan, Wells Fargo, and Citi all smashed earnings, TikTok sale could fetch $50B, and Southwest Airlines sued for being chronically late.
Plus: Goldman is all-in on private credit. Shake Shack is planning a monster expansion, and Biden is forgiving more student loans with days left in office.
Plus: S&P 500 posted back-to-back 20% gains (all banks got it wildly wrong), NY congestion pricing begins Sunday, and 2025 will be the year of the office influencer.
Plus: America’s 2024 ETF boom, disgruntled Tesla investors sue Musk, Gronk agrees with Elon, and are multi-strat hedge funds dead?
Plus: Starbucks strike hit historic levels, Americans are cutting back on holiday gifts, and what it would cost to live like the ‘Home Alone’ family today.
Plus: VC firms are seeing higher partner turnover, Nissan and Honda's $58B merger, Container Store filed for bankruptcy, and Squid Game 2 drops on Dec 26.
Plus: Zelle sued for fraud, Goldman thinks pro teams are too expensive for billionaires, private credit market could hit $40T in 2030, and RFK Jr. spotted in jeans at NYC Equinox.
Plus: M&A volume hit $3T in 2024, Luigi Mangione was hit with a federal murder charge, facing death penalty, and Blackstone dropped a holiday video (country) banger.
Plus: Nvidia enters correction territory, Fed expected to announce one final rate cut tomorrow, Bitcoin moons above $107k, and the inexpensive watch with Rolex DNA.
Plus: Private equity pay is slumping, short sellers are throwing in the towel, and Donald Trump Jr. joins PSQ Holdings leading to a 270% rally.
Plus: Bezos backed an Nvidia rival, Trump and Dimon have reportedly been having private conversations, Intel CEO is out, and Enron is back (sort of).
Plus, OpenAI is dropping an agent tool. Burberry CEO unveiled a revival plan. RFK Jr. is the new health secretary, which sent vaccine stocks tumbling, and are standing desks bad for you?
