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  • Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

    Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.

  • My brother-in-law convinced his parents to sign over their home and life savings to buy a $3 million compound. Do I intervene?

    “Both properties will be solely in his name.”

  • Brazil election notes (from my email)

    From Diego Costa: “Hi Tyler, If you’re still interested in the fallout from Brazil’s elections, here are some observations that add texture to the usual narratives: Nine of the 10 candidates who received the most votes for the Lower Chamber are under 40. The exception is 41. Their average age is 31.6. They’re all very…

  • SpaceX looks to raise $40bn to buy Nvidia chips in financing led by Apollo

    Blockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AI

  • Chart: A look at the S&P 500’s remarkable and defiant trip to a new record

    The S&P 500 returned to an intraday record Tuesday as tech gains, easing oil prices and Treasury yields helped stocks overcome months of market shocks.

  • The S&P 500 is back in record territory as the ‘Magnificent Seven’ ride to the rescue

    After trading sideways for much of the past year, the “Magnificent Seven” have been staging a comeback, helping to re-energize a bull market threatened by rising bond yields and stubbornly high crude-oil prices.

  • S&P 500 hits record high as AI stocks shrug off bond market slump

    Wall Street’s benchmark index closes at fresh peak but rally is increasingly reliant on handful of tech stocks

  • SEC Seeks Final Judgment Against Former Western Asset Co-CIO Ken Leech in Cherry Picking Case

    The Securities and Exchange Commission today moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC, whom the SEC…

  • Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil

    Pantera Capital and Bullish also participated in the ANVL purchase as Anvil rolls out software designed to make its collateral protocol easier for businesses to integrate.

  • Crypto is expanding the boundaries of what can be priced

    The future of crypto may therefore depend less on creating the next novel asset and more on building the infrastructure required to price a growing universe of existing ones, argues Altius co-founder and CEO Annabelle Huang.

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