- Bull Street
- Archive
- Page 23
📈 ESG backlash
JPMorgan Chase, BlackRock drop out of UN climate alliance, Rubio urges SEC to block Shein IPO on conditions, House won’t pass stopgap to avoid shutdown, Bezos sells more than $2B in Amazon stock for third time this month, and younger generations gained more wealth than older groups since 2019…
📈 A $1.3B typo
Wall Street falls as hot inflation data dampens early rate-cut hopes, House Republicans impeach Homeland Security Secretary Mayorkas, Nvidia is now worth more than Amazon, Bezos sells $4B of Amazon stock over four days, and Lyft issues a massive correction to its outlook for earnings margin in 2024…
📈 PE Crisis
Bitcoin surges past $50K for the first time in two years, private equity returns plunge to global financial crisis levels, JetBlue stock jumps after Carl Icahn reports 10% stake,Temu spent millions on six Super Bowl ads trying to win back shoppers, and Uber/Lyft/Doordash drivers to strike on Valentine’s Day for fair pay…
📈 Top-heavy market
S&P 500's top stocks haven't been this concentrated in 50 years, Powell tells ‘60 Minutes’ Fed wary of cutting rates too soon, Palantir stock jumps 19% on revenue beat, Tesla is losing the Magnificent Seven cage fight, and Tech industry starts the year with 32,000 job cut…