Archive news from Matt Levine

Date Headline Description #
12-Nov-2024 Merger Trading Will Get Easier Also some bad FTX loans, a late greenwashing case and Fed chair precedents. Request summary
7-Nov-2024 Prediction Markets Are a Thing Now Also CZ is relaxed, greenhushing and a fake Paramount buyer. Request summary
6-Nov-2024 The Trump Trades Worked Trump Media, crypto, the CME and farmer’s market pricing bylaw loopholes. Request summary
5-Nov-2024 Algorithmic Pricing for Kale Also CVA hedging, the private credit boom, copycat ETF names, KPMG layoffs and an Elon Musk divestiture theory. Request summary
4-Nov-2024 JPMorgan Undercharged for a Trade Money market funds, financial advice, BlackRock alternatives, farmland VIEs and algorithmic trading secrets. Request summary
31-Oct-2024 MicroStrategy Has Stock to Sell Also divorce glitch, dividend adjustments, Trafigura’s Mongolia office, death elasticity, fictional hedge fund managers and a big Google fine. Request summary
30-Oct-2024 Florida Banned Some Banks Also Super Micro’s annoyed auditors, xAI’s valuation, sentiment analysis and stolen cheddar. Request summary
29-Oct-2024 ETFs Are Where the Fun Is Double single stocks, near-wash trades, single-asset CMBS and an ATM glitch lawsuit. Request summary
28-Oct-2024 You Want Some Stocks That Go Down Also bond quants, reverse split manipulation, concentrated funds and Tether. Request summary
24-Oct-2024 Apple’s Card Was Confusing Also capital call line securitization, top-ticking private credit, Robinhood grows up and a Russian payment system Request summary
23-Oct-2024 Be Careful Tweeting About Stocks Also XTB CFDs, credit-card customer service and pharmaceutical code names. Request summary
22-Oct-2024 The Sophisticated Investor Test Also WisdomTree greenwashing, Dish bondholders, biotech/blockchain casinos and EY continuing education multitasking. Request summary
21-Oct-2024 Who Owns OpenAI? Also Jefferies, Susquehanna, fake recruiting calls and fake SEC tweets. Request summary
17-Oct-2024 Musk Keeps Paying for X Also Goatseus Maximus, World Liberty Financial, Citadel employee ownership, common lending, bribes and meal allowances. Request summary
16-Oct-2024 Activist Investors Are Podcasters Now Also double ETFs, private credit is the new public credit, the block-trade penalty box and adding clients on LinkedIn. Request summary
15-Oct-2024 Pumping the Magic Mushrooms Also Tether as the global reserve currency, cat bond basis risk, nuclear reactor financing and sports latency arbitrage. Request summary
14-Oct-2024 TD Was Convenient for Criminals Also private equity plumbing, public-market OpenAI, VistaJet and ultra-high-net-worth breakpoints. Request summary
10-Oct-2024 Crypto Market Makers Made Some Markets Wash trading, election arbitrage, TreasuryDirect.gov, NDA waivers and investment banking hours. Request summary
9-Oct-2024 A Trump Trade Arbitrage Election cops, HSR filings, structured credit integration, TXSE listing standards, AI and CPAs. Request summary
8-Oct-2024 Some of the Carbon Credits Were Fake Also FTX recoveries, ETF taxation, a big estate tax and Costco gold. Request summary
7-Oct-2024 Retail Investor Had Too Much Tesla Also exotic ETFs, Jane Street opacity, portfolio trades, Costco gold and the ‘head of macro’ guy. Request summary
3-Oct-2024 Private Credit Wants Everyone’s Money Also destructive competition, OpenAI exclusivity and PayPal stablecoins. Request summary
2-Oct-2024 Dish Bondholders Don’t Want a Haircut Also UniCredit’s Commerzbank hedges and a FanDuel VIP. Request summary
1-Oct-2024 Insider Trader Had All the Answers Also secret friendships, ad hoc bondholder groups, tweeting material news, Mango Markets and securities fraud settlements are securities fraud. Request summary
30-Sep-2024 Look Like a Loser, Then Win Also Dish sold for a dollar, Sam Altman’s negging, a dentist’s tax shelter, PE recruiting, blockchain for DTCC and business-class bribery. Request summary
26-Sep-2024 Private Credit and Banks Team Up Also OpenAI’s restructuring and Eric Adams. Request summary
25-Sep-2024 Masimo Has a New Boss Proxy fights, private equity operations, more cell phone fines and ESG pay. Request summary
24-Sep-2024 The Chatbot Will Pick the Stocks Also cocoa, voting and Hunterbrook. Request summary
23-Sep-2024 UniCredit Did a Commerzbank Trade Swaps, collars, Citi Bike, biblically responsible investing and texting regulators about work. Request summary
8-Aug-2024 Coal Is Cool Now Also VIX futures options, the Ripple ruling, private credit and portfolio manager pay. Request summary
12-Aug-2024 Leverage Goes Down When Markets Go Down Also August volatility, Bank of America hours, Musk conflicts and some father/son insider trading. Request summary
13-Aug-2024 Hedge Funds Take Money From Each Other Also NovaTech, Brock Pierce and astrology. Request summary
14-Aug-2024 JAB Is an Expensive Family Office Also Starbucks governance, BofA hours, X forum shopping and Ivy League sports. Request summary
15-Aug-2024 Stablecoins Can Have Bank Runs Also Credit Suisse risk management, lawyer-on-creditor violence, more cell phone fines, Starbucks governance and astrology-based consumer lending. Request summary
26-Aug-2024 Carl Icahn Had Some Hidden Loans Margin, algorithmic collusion, Nvidia hours, Tether investments and the “head of macro” guy. Request summary
27-Aug-2024 Accounting Isn’t Cool Anymore Also Paramount, CLO insider trading and hacking the transfer agent. Request summary
28-Aug-2024 Activist Shorts Can Still Have Fun Kerrisdale’s disclaimer, BLS information security, Nvidia as a macro indicator, Two Sigma and the Libyan central bank. Request summary
29-Aug-2024 Bill Ackman Has Some More PSUS Ideas Also gas manipulation, data room confidentiality and Nvidia as a macro indicator. Request summary
3-Sep-2024 Triple ETFs Triple Your Fun Leveraged single-stock funds, astrology-based investing, OpenAI’s capped profits, Musk’s Dogecoin pump and TikTok check fraud. Request summary
4-Sep-2024 Hedge Funds Help Companies Hedge Deal-contingent hedges, T+1 pains, taxi insurance, cell phones, leveraged ETFs and Nanjing-style salted ducks. Request summary
5-Sep-2024 Some Stocks Always Go Up 5% Order collaring, meme-stock inefficiency, an earnout dispute, Venture Global, private credit trading, the basis trade and Fyre Festival II. Request summary
9-Sep-2024 Fake Songs Made Real Money Zygotic Washstands, Polymarket derivatives, more Tesla/xAI conflicts and Esmark’s fake US Steel tender offer. Request summary
10-Sep-2024 The Fastest Options Are the Most Fun 0dtes, K-cups, News Corp., illegal NDAs, USDT and Vy Capital. Request summary
11-Sep-2024 Hertz Bankruptcy Was Too Good for Shareholders Make-wholes, Goldman credit cards, SEC phone pings, an off-and-on merger, Jeff Bezos’s house and a Vulfpeck album. Request summary
12-Sep-2024 Bankers’ Hours Are Still Pretty Bad Also Murdoch voting rights, OpenAI financing and index inclusion. Request summary
16-Sep-2024 IPOs Are About the Future Projections, OpenWeb, Commerzbank and several rules of insider trading. Request summary
17-Sep-2024 Archegos’ Banks Had Some Chats Antitrust, private credit, muni-bond texting and World Liberty Financial. Request summary
18-Sep-2024 There’s a Robot Warren Buffett ETF Also Steve Cohen stops trading, Ryan Cohen forgot to do HSR, FTX’s audit wasn’t great and don’t text about work. Request summary
19-Sep-2024 23andMe Is Just ‘Me’ Now Also EF Hutton, Avon CDS and pig butchering. Request summary