THE LATEST ARTICLES
WALL STREET
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October 26, 2022
Stairway to Yellen
Many on Wall Street and Pennsylvania Avenue assume that Janet Yellen will conclude her extraordinary career in public service—C.E.A., the Fed, Treasury!—after the midterms. So who will Biden appoint as his next Treasury Secretary? Some guesses and informed speculation…
WALL STREET
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October 23, 2022
Elon Shock Therapy & Ackman’s Mistake
Massive cost-cutting is only the first of the palliatives planned for Musk’s privately-owned Twitter. Plus, the inside conversation on Wall Street about Netflix’s stock rebound and Larry Fink’s Marshall Plan.
WALL STREET
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October 19, 2022
Of Mice and Memes
A new three-part Netflix docuseries, Eat the Rich: The GameStop Saga, captures the essence of how the collective action of retail investors, relying largely on Reddit posts and their own desire to “stick it to the man,” nuked Melvin Capital. Bob Sloan, a star of the film, explains what the industry has learned ever since.
WALL STREET
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October 16, 2022
Morgan Stanley’s Twitter Dynamite & Hedge Fund Hunger Games
The latest Wall Street murmurs, goings on, and insider deal points.
WALL STREET
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October 12, 2022
The Elon Financial Mindfuck
So Elon is buying Twitter… great. Now he just needs to figure out how to prevent the banks from issuing the company’s distressed debt at a discount to loan-to-own sharks (Apollo? DoubleLine?) who can wipe him out and maybe even one day take over the company.
WALL STREET
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October 9, 2022
The Elon-Wall Street Game of Chicken
News and notes on the latest intrigue at the upper echelons of Wall Street: Bridgewater after Dalio, the anxiety of Elon’s bankers, and a prophecy from Larry Summers.
WALL STREET
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October 5, 2022
Studio $54.20
A close reading of the most insane acquisition of our age: why Musk capitulated, the banks who scored, and who’s left holding the bag.
WALL STREET
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October 2, 2022
Elon’s Hollywood Ending
Musk’s texts, which include a startling dismissive exchange about Sam Bankman-Fried, reveal why he needs Ari Emanuel to save him from himself. Plus updates on Cathie Wood’s latest investment scheme and the potential resurrection of Credit Suisse’s investment bank.
WALL STREET
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September 28, 2022
Apollo’s Mile High Club
In the post-Black, post-Harris era, Apollo has eaten up the airline industry with a carnivorous blend of opportunism and financial creativity, and a healthy appetite for risk. Is owning an airline the endgame?
WALL STREET
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September 25, 2022
The Trump Lawsuit’s Known Unknowns & New “Shittrix” Drama
Notes on the hottest topics on Wall Street: the between-the-lines on the Trump suit, a private equity dumpster fire, and the end of SPACistan.