Archive

☕ IB layoffs

☕ IB layoffs

UBS is gearing up to wield the axe to Credit Suisse’s workforce.

☕ Botox bidding war

☕ Botox bidding war

Open AI wants to turn ChatGPT into a “supersmart personal assistant for work”

☕ Saved by the Bell

☕ Saved by the Bell

We finally have an M&A angle to the PwC tax leaks scandal.

☕ Career update

☕ Career update

One of the most powerful Australians working in global tech has a career update.

☕ Inflation twist

☕ Inflation twist

England lost the first Test in the Ashes, and the UK is also losing the global inflation battle

☕ The $20bn deal in peril

☕ The $20bn deal in peril

Adobe's plans to take up the fight to Canva hit another snag.

☕ AI anxiety

☕ AI anxiety

Australia’s corporate regulator has told traders, hedge funds and banks it is worried about the risks generative AI poses to market integrity.

☕ Electric profit

☕ Electric profit

Good morning. FYI it’s a long weekend over in the US — meaning their markets will be closed overnight (aka their Monday).

☕ ECB hikes rates

☕ ECB hikes rates

Good morning. Unlike the US, the ECB kept at it overnight with another 25bps rate hike to take its deposit rate to 3.5% — the highest level in more than 20yrs. The global economy has divided in two when it comes to interest rates, with most advanced economies increasing (or at best, pausing) rate hikes while countries like China are cutting rates.

☕ Lowering guidance

☕ Lowering guidance

Good morning. As expected and off the back of yesterday’s inflation news, the US Fed finally paused rate hikes this month. The Fed is hoping inflation will continue its downward trajectory as the prior rate moves wash through the economy.

☕ US inflation

☕ US inflation

Good morning. Old mate J Powell is probably breathing a little easier today after the 10 consecutive rate hikes by him and the US Fed have finally helped slow inflation. The overnight US inflation print for May came in at 4% — well below the June 2022 peak of 9%+.

☕ Welcome back

☕ Welcome back

Good morning. It’s another week of inflation and interest rate decisions, but this time in the US. US inflation drops tomorrow, followed by the Fed rate decision the day after.

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