Cara Lombardo
@CaraRLombardo
Co-lead @WSJ's Wall Street team. Our relentless reporters cover the fun stuff: banks, private equity, hedge funds, M&A, IPOs, wealth, finreg, fintech & more.
Scoop - Musk is turning to his longtime ally, Valor Equity Partners, to raise a whopping $12 billion for xAI this follows a $2bn investment SpaceX made into the AI startup w/ @rudegeair and matt wirz wsj.com/tech/ai/elon-m…
For nearly 50 years, Anamarie Hurt trusted her husband to manage their finances. Then he started transferring retirement funds to cryptocurrency investments that turned out to be fake. A year later, $5M was gone. Jaw-dropping story by @dgtokar wsj.com/finance/regula…
E-commerce didn’t kill bricks-and-mortar stores, but it made them worse. Much worse. wsj.com/business/retai… via @WSJ
wsj.com/politics/trump…
“The letter bearing Trump’s name, which was reviewed by the Journal, is bawdy—like others in the album. It contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand-drawn with a heavy marker. A pair of small arcs denotes the…
My latest: Pimco dismisses Trump’s threat to fire Powell—bond giant and other big investors dubious move will materialize. wsj.com/finance/invest…
Big scoop from @laurenthomas & @BenGlickman:
Exclusive: Union Pacific is in talks to acquire its smaller rival Norfolk Southern in what would be a megamerger in the railroad industry on.wsj.com/3Ukrvpw
NEW: Zohran Mamdani said today that he would “discourage” the phrase “globalize the intifada” in a meeting with business elites today — a step to defuse Wall Street’s suspicions of the mayoral frontrunner wsj.com/us-news/mamdan…
🚨 BREAKING: Walgreens’s almost centurylong run as a public company is coming to an end. The drugstore chain has struck a deal to be taken private by Sycamore in one of the biggest LBOs in recent memory. $wba wsj.com/business/deals…
🚨 SCOOP: Walgreens is closing in on a deal with Sycamore that could come as soon as Thursday. (WSJ has been all over the Walgreens/Sycamore deal, from breaking the initial talks until now!) $wba w/ @CaraRLombardo and @annawmathews wsj.com/business/deals…
John Femenia went to jail for three years for running an insider-trading scheme while he was a banker at Wells Fargo. I spoke with him about how an addiction to Adderall inspired him to start the scheme and how he’s rebuilt his life after prison. wsj.com/finance/inside…
🚨🚨 Banks are preparing to sell up to $3 billion of X loans next week and have just offloaded $1 billion to investors. Scoop w/@Justinbaer wsj.com/finance/bankin…
Accounting firm CohnReznick is in advanced talks to sell a stake to private-equity firm Apax Partners wsj.com/articles/accou… via @WSJ @markgmaurer @miriamgottfried
From Wall Street to the White House: Star technology banker Michael Grimes is in talks to leave Morgan Stanley to work for the Trump administration. Fun scoop with @schwartzbWSJ and @cdriebusch wsj.com/finance/bankin…
Scoop: Conservative shareholders are targeting JPMorgan and Goldman Sachs and pushing them to abandon their diversity, equity and inclusion policies. W/@AAndriotis wsj.com/finance/bankin…
“No company can do what he’s done. They own about 2% of bitcoin—who can own more of it?” @GZuckerman wsj.com/finance/curren…
Short seller Nate Anderson is shutting down his firm, Hindenburg Research, and will turn now to low-stress investments. “I’ve spent most of the last eight years either in a fight or preparing for the next one,” he told @BenFoldy. wsj.com/finance/invest…
Goldman’s biggest competitors are increasingly private-credit firms and the like. It is rearranging itself to reflect that. Scoop from @AAndriotis: wsj.com/finance/bankin…
Steve Cohen’s New York Mets lost to a playoff rival to end their 2024 baseball season. The billionaire’s hedge fund, meanwhile, topped the competition. @rudegeair wsj.com/finance/invest…