The big stories this week on Wall St
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School’s out for Silicon Valley Bank 🎒
Hindsight is a wonderful thing. How can investors turn Silicon Valley Bank’s ‘what were you thinking?’ moments and incremental failures into life long lessons about how and where to spend and store money? School up on SVB’s lessons learned.
T-Mobile’s Hollywood hustle buy 💸
Ryan Reynolds got minted with T-Mobile’s purchase of Mint Mobile but that’s not his only Hollywood side hustle. The Wrexham Footie Club owner also sold his Aviation Gin brand for big bucks. And he’s not the only A Lister hoping for return on investment. Who else could be hoping for a big payday?
The fat cats of weight loss 😼
And the Oscar goes to… Ozempic? The slim-down secret is out and TikTok influencers are dancing their way to their doctor for a script. But what is this ‘new’ wave of injectable treatments really designed to treat and how is Oprah weighing in?
Spotify drops it like it’s hot 🔥
Swedish-born Spotify’s been filling our earholes with phat wax and groovy tunes since 2006 and now it’s becoming a feast for the eyes too. In the spirit of endless TikTok scrolling, Spotify’s bringing back those MTV vibes to music-lovers. Have investors been watching?
Wall Street women smashing the silicon ceiling
Was 2014 the year the female wave started its slow ‘n’ steady ebb, disrupting the billion-dollar business boardroom? These three females are turning the tide in with their tech tactics and their stock is climbing. Do female CEOs really perform better than male CEOs?
The Earnies award season! 🏆
Forget the Oscars, The Earnies is the only awards ceremony worth dusting off your black tie and fancy frock for this season. Just like a Will Smith slap, it’ll boost your stakes in the water cooler chat for days to come.
Buffett drizzles the sauce 🤟
Warren Buffett has served shareholders his secret sauce to investing. In his annual shareholder letter, he roasts President Biden, calls out creative accounting as the scourge of capitalism, and sweetens the long-term investing story by comparing the benefits of dividends and compounding returns to bonds.
Meta’s Silicon Valley Job 👮
Is Silicon Valley a gangland of shameless tech thieving? Maybe so… Meta’s ideas seem to be everyone’s but their own. Apple scooped Xerox but later took aim at Google for alleged tech thefts. Are there any original ideas left? Yep. Meta has, erm, stickers.
Musk v Munger! 🥊
The ring’s heating up between billionaire battlers Musk v Munger. In the red corner, at 51 years young, weighing in at US$198.2 billion, we have Elon Musk. In the blue corner, aged 99 and the undisputed oldest investor in the world, weighing in at US$2.3 billion, we have Charlie Munger. Who will win?
Comfort eating out of recession 😋
While inflation’s making a grab for our wallets we’re fighting back the only way we know how: eatin’ cheap! Dollar dining is back on the menu and while pesky supermarket prices may have stopped us reaching for a steak dinner, in the US the grills are sizzling. Yeehaw!
I ain't sayin’ they’re a gold digger… 👩❤️👩
Could it be the wedding of the year for two old flames of the gold industry? Newmont Mining got down on one knee and proposed to acquire Aussie gold producer Newcrest Mining and are hoping they'll say yes. Is the marriage move the start of many to come?
Inflation breaking hearts? 💔
Is inflation breaking hearts this Valentine’s Day? Kiwis and Americans are cutting costs on love this year, but more than half of one generation plan to spend more. But with choccie and dinner out costing more, where will cupid’s arrow land?
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