Monthly Archives: October 2021

Banks Trying to Score Big

The Union of European Football Associations (UEFA) is seeking $7B in the form of a “pandemic relief fund” to provide financing for the association’s clubs. Banks such as Goldman Sachs, Macquarie, and even private equity firms such as Apollo are … Continue reading

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Taking the Texas Two-Step

Johnson and Johnson faces regulatory barriers as the company tries to go through the chapter 11 bankruptcy process. The company’s strategy is to use bankruptcy as a tool to limit its liabilities associated with lawsuits. J&J has over 36,000 claims … Continue reading

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The IPO Process, Keep Trying Until it Works

WeWork has started trading on public markets 2 years after their previously failed IPO. The company went public via the SPAC BowX acquisition corp at a valuation of $9B. This valuation is a fraction of their earlier valuations in the … Continue reading

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SPACS, Anyone can go Public

This past Wednesday Donald Trump announced he will be taking his “Truth Social” social media platform public through a blank cheque acquisition company called Digital World Acquisition Corporation, putting the company at an $875M valuation. “Truth Social” is a subsidiary … Continue reading

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Home Prices Surge Amid Unexpectedly High Sales and Supply Constraints

U.S. home sales surged to an eight-month high September, with existing home sales increasing by 7.0%. U.S. homebuilding fell unexpectedly in September amid acute shortages of raw materials and labor, putting further upward pressure on home prices. The median existing … Continue reading

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Fed Set to Cut Back on Asset Purchases

Powell indicated on Friday that the central bank is monitoring supply-side constraints and the Fed is expected to formally announce a gradual tapering in its monthly asset purchases at its November 2-3 meeting, to conclude by mid-2022. The Fed’s preferred … Continue reading

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U.S. Business Activity Increases Solidly Despite Shortages

Private data firm IHS Markit indicated its composite Purchasing Managers Index rebounded to a reading of 57.3 in the first half of October from 55.0 in September, suggesting economic growth picked up at the start of the fourth quarter as … Continue reading

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Strong Earnings Performance Continues, Supply Chain Concerns Dominate

Earnings season is continuing to deliver consistently positive results, though company filings have raised concerns of rising production costs. Tesla beat earnings expectations by 17.7%, Netflix delivered 24.6% higher earnings than expected, Johnson & Johnson topped expectations by 10.6%, and … Continue reading

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Coinbase Launches NFT Marketplace

NFTs, also known as non-fungible tokens, are noninterchangeable pieces of data that can be used to store photos, videos, audio, and other digital files. As NFTs aren’t directly comparable to a bitcoin or dollar, it is used as a popular … Continue reading

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Walmart Looks to Enter Fintech Arena

Walmart is looking to capitalize on the growing popularity and soaring valuations of neobanks. In Walmart’s competition with behemoth Amazon, the retail giant is looking to launch a startup with venture capital firm Ribbit Capital in an effort to provide … Continue reading

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