Wall St Engine
$HSBC is cutting about 10% of its workforce in France—348 jobs—through a voluntary redundancy plan. It’s part of CEO Georges Elhedery’s push to cut $1.8B in costs by 2026. After selling its retail and insurance units, the bank is continuing to pull back from slower-growth markets
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$HSBC is cutting about 10% of its workforce in France—348 jobs—through a voluntary redundancy plan. It’s part of CEO Georges Elhedery’s push to cut $1.8B in costs by 2026. After selling its retail and insurance units, the bank is continuing to pull back from slower-growth markets
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Offshore
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Investing visuals
$MSFT is the world’s most valuable company.
If you had invested $10K in $MSFT 10 years ago, it would be worth $109K today.
Which company do you think will be the most valuable 10 years from now? https://t.co/utRcyrRJOA
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$MSFT is the world’s most valuable company.
If you had invested $10K in $MSFT 10 years ago, it would be worth $109K today.
Which company do you think will be the most valuable 10 years from now? https://t.co/utRcyrRJOA
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Offshore
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Quiver Quantitative
Nancy Pelosi is up $8M in the stock market so far this week, per our estimates.
We estimate that she is now worth $262M. https://t.co/A0cHGMyzCW
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Nancy Pelosi is up $8M in the stock market so far this week, per our estimates.
We estimate that she is now worth $262M. https://t.co/A0cHGMyzCW
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Offshore
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Quiver Quantitative
BREAKING: Ray Dalio's Bridgewater Associates just filed a portfolio update.
The hedge fund opened a ~$318M position in gold, $GLD.
Full holdings up on Quiver. https://t.co/1fH4D8R9dJ
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BREAKING: Ray Dalio's Bridgewater Associates just filed a portfolio update.
The hedge fund opened a ~$318M position in gold, $GLD.
Full holdings up on Quiver. https://t.co/1fH4D8R9dJ
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Offshore
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App Economy Insights
RT @EconomyApp: $NU Nubank Q1 FY25:
• Customers +19% Y/Y to 119M.
• Deposits +48% Y/Y FXN to $31.6B.
• Revenue +40% Y/Y FXN to $3.2B.
• Revenue +19% Y/Y reported.
• Net income +47% Y/Y to $557M. https://t.co/bL7ZsKsAI4
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RT @EconomyApp: $NU Nubank Q1 FY25:
• Customers +19% Y/Y to 119M.
• Deposits +48% Y/Y FXN to $31.6B.
• Revenue +40% Y/Y FXN to $3.2B.
• Revenue +19% Y/Y reported.
• Net income +47% Y/Y to $557M. https://t.co/bL7ZsKsAI4
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Offshore
Video
The All-In Podcast
J-Cal: USA Must Restore the Venture Flywheel 🇺🇸💰
With M&A and IPOs down significantly over the last four years, the besties discussed the importance of fixing a broken exits market.
@Jason:
"Japan, Australia, Singapore... they all want to recreate what we have here."
"What we've created here in Silicon Valley and in America is these diasporas that start when a company like Google goes public, and then those people go create Facebook or go work at Facebook like Sheryl Sandberg did."
"And they accelerate the growth there. And then those people become angel investors. They become LPs."
"This incredible flywheel was cooking. I mean, it was so smooth."
"And now we've literally stuck a stick in it."
@plaffont:
"On top of that, when these people die, most of them gave all their money away to foundations."
"Which is something very different between the US and Europe."
"In America, these people build companies, create new companies, invest in new companies, coach new companies, mentor new companies."
"And when they die, all that money goes to foundations that continue to promote and do some of the work that governments would do."
"Finally, how great is it that some foundations are competing with the government to decide what needs to be done?"
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J-Cal: USA Must Restore the Venture Flywheel 🇺🇸💰
With M&A and IPOs down significantly over the last four years, the besties discussed the importance of fixing a broken exits market.
@Jason:
"Japan, Australia, Singapore... they all want to recreate what we have here."
"What we've created here in Silicon Valley and in America is these diasporas that start when a company like Google goes public, and then those people go create Facebook or go work at Facebook like Sheryl Sandberg did."
"And they accelerate the growth there. And then those people become angel investors. They become LPs."
"This incredible flywheel was cooking. I mean, it was so smooth."
"And now we've literally stuck a stick in it."
@plaffont:
"On top of that, when these people die, most of them gave all their money away to foundations."
"Which is something very different between the US and Europe."
"In America, these people build companies, create new companies, invest in new companies, coach new companies, mentor new companies."
"And when they die, all that money goes to foundations that continue to promote and do some of the work that governments would do."
"Finally, how great is it that some foundations are competing with the government to decide what needs to be done?"
tweet