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Archive
ByteDance's revenue rises 30+% in 2022 to $80B+
Top stories today: 1) ByteDance's revenue grows to $80B+, 2) Tesla's deliveries rise 4% to 423K in Q1, 3) Trump expands lead in polls and betting markets, as we wait for tomorrow's surrender, 4) OPEC+ announces surprise 1.6M barrel/day cut, and 5) Twitter starts removing legacy blue checkmarks.
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Fed Vice Chair Barr previews expected new rules for banks
Top stories today: 1) Barr previews new rules for banks, FDIC, 2) SBF adds 13th charge: bribing Chinese officials, 3) Musk and others sign Pause AI letter, 4) Replit announces AI partnership with Google, and 5) Cerebras launches 7 open-source LLMs.
CFTC sues Binance and CZ for evading U.S. regulations, trading against customers
Top stories today: 1) CFTC sues Binance, 2) Twitter to further promote paid users, 3) Microsoft launches new Teams, no AI, 4) Zoom IQ to integrate OpenAI, 5) housing prices rise on the East Coast, and 6) China is almost surpassing the IMF in emergency loans.
First Citizens buys Silicon Valley Bank for $0.5B; FDIC expected to lose $20B
Top stories today: 1) First Citizens buys SVB, FDIC loses $20B, 2) Apple showcases VR headset to execs, 3) Twitter valued at $20B, 4) money markets funds gain $286B, and 5) CBO says 35-100% cuts are required to balance the budget.
Fed raises rates by 25 bps to 4.75% - 5.00%
Top stories today: 1) Fed raised rates by 25 bps, but markets are not buying hawkishness, 2) Yellen says no plans for full FDIC insurance, 3) SEC to sue Coinbase, sues Justin Sun, 4) FTX recovers another $500M+ from VC investments, and 5) Microsoft launches Notion competitor Loop.