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A deal to watch in the finance media space: Jeff Bezos is exploring potentially acquiring CNBC The business cable network is set to be spun off from Comcast later this year
Chipotle $CMG stock is down over 9% after cutting FY same-store sales growth 2Q traffic was down 4.9% The burrito chain now expects flat SSS growth in 2025
CrowdStrike‑backed compliance startup Vanta has raised $150M in a Series D round led by Wellington Management, bringing its valuation to $4.15 B—a 69% y/y jump from $2.45B. The round also included Goldman Sachs, J.P. Morgan, CrowdStrike Ventures and Atlassian Ventures.
President Trump has said the US reached a trade deal with Japan - settling on a 15% tariff
Blackstone is making a majority growth investment in NetBrain Technologies, a network automation and AI platform. The deal values NetBrain at $750mm.
🚨 Kohl’s $KSS was temporarily halted this morning after a sharp 90% jump
WSJ - SoftBank and OpenAI’s $500B AI project, Stargate, is struggling to get off the ground, and has sharply scaled back its near term plans
Rep. Anna Paulina Luna, R-Fla., is referring Fed Reserve Chair Jerome Powell to the DOJ for criminal charges, accusing him of two specific instances of lying under oath regarding the $2.5B renovation of the Federal Reserve’s Eccles Building. (FOX)
BREAKING - Citi will require Investment Banking Analysts to disclose whether they've accepted a job offer from another firm. This move is meant to clamp down on Private Equity recruiting.
🚁 L Catterton, a Private Equity Sponsor backed by LVMH, just led an investment group acquiring a 20% stake in private‑jet leader Flexjet via an $800M investment—valuing the company at around $4B. Flexjet has 300+ jets, 11 terminals, and projected 2025 EBITDA of $425M
Trump plans to open up 401(k)s to Bitcoin and crypto—reportedly preparing an executive order to remove regulatory hurdles and let Americans add digital assets to their retirement accounts.
Trump: "UNLIKELY" TO FIRE POWELL. "UNLESS THERE'S FRAUD" WITH THE RENOVATION
TRUMP HAS SAID HE'S "NOT PLANNING" TO FIRE POWELL Sounds like Trump will wait out Powell's term
TRUMP HAS SAID HE'S "NOT PLANNING" TO FIRE POWELL Sounds like Trump will wait out Powell's term
A White House Official has confirmed that Powell will likely be fired soon
President Trump reportedly indicated he'll fire current Fed Chair Jerome Powell, GOP lawmakers reportedly said - CBS CBS also reported that Trump consulted the GOP lawmakers on whether he should fire Powell.
President Trump reportedly indicated he'll fire current Fed Chair Jerome Powell, GOP lawmakers reportedly said - CBS CBS also reported that Trump consulted the GOP lawmakers on whether he should fire Powell.
This is “Crap” backwards btw
A new acronym for the meme stocks that just won’t quit!!! PARC!
BREAKING - THE U.S. WILL IMPOSE 30% TARIFFS ON THE EU AND MEXICO EFFECTIVE AUGUST 1st
Before you log off for the weekend - remember, official tariff rates on the EU should be coming in any minute now…. Stay tuned
A mega deal could be on - US Foods $USFD is evaluating acquiring Performance Food Group $PFGC - potentially creating a massive food distribution company Combined the company would have almost $100B in revenue
