CINXE.COM
Hard landing 'in hindsight'
<!DOCTYPE html><html lang="en" class="h-full antialiased"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no"/><link rel="preload" as="image" href="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png"/><script src="https://beehiiv-adnetwork-production.s3.amazonaws.com/pixel-js.js" async=""></script><meta name="mobile-web-app-capable" content="yes"/><meta name="apple-mobile-web-app-capable" content="yes"/><meta name="apple-mobile-web-app-status-bar-style" content="black-translucent"/><meta name="theme-color" content="#000000"/><link rel="manifest" href="/manifest.webmanifest"/><title>Hard landing 'in hindsight'</title><meta content="business, venture capital, finance" name="keywords"/><meta content="Exec Sum - Litquidity" name="author"/><meta content="US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake." name="description"/><meta content="website" property="og:type"/><meta content="https://www.execsum.co/p/hard-landing-in-hindsight" property="og:url"/><meta content="Hard landing 'in hindsight'" property="og:title"/><meta content="US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake." property="og:description"/><meta content="Exec Sum" property="og:site_name"/><meta content="https://beehiiv-images-production.s3.amazonaws.com/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png" property="og:image"/><meta content="1200" property="og:image:width"/><meta content="630" property="og:image:height"/><meta content="US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake." property="og:image:alt"/><meta content="https://www.execsum.co/p/hard-landing-in-hindsight" name="twitter:url"/><meta content="Hard landing 'in hindsight'" name="twitter:title"/><meta content="US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake." name="twitter:description"/><meta content="https://beehiiv-images-production.s3.amazonaws.com/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png" name="twitter:image"/><meta content="summary_large_image" name="twitter:card"/><meta content="1932054120322754" name="fb:app_id"/><link href="https://www.execsum.co/p/hard-landing-in-hindsight" rel="canonical"/><link as="image" href="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png" rel="icon"/><link as="style" href="https://fonts.googleapis.com/css2?family=Roboto&display=swap" rel="preload"/><link href="https://rss.beehiiv.com/feeds/iH9DsaNnv0.xml" rel="alternate" title="Exec Sum RSS Feed" type="application/rss+xml"/><link rel="apple-touch-icon" href="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png"/><link rel="apple-touch-startup-image" href="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png"/><link rel="preconnect" href="https://fonts.googleapis.com"/><link rel="preconnect" href="https://fonts.gstatic.com"/><link rel="modulepreload" href="/assets/manifest-ba8709e8.js"/><link rel="modulepreload" href="/assets/entry.client-CuBsnk-1.js"/><link rel="modulepreload" href="/assets/index-D6da9p6-.js"/><link rel="modulepreload" href="/assets/jsx-runtime-BjG_zV1W.js"/><link rel="modulepreload" href="/assets/AppGlobals-2Br-8bZs.js"/><link rel="modulepreload" href="/assets/dayjs.min-B8CfgAhU.js"/><link rel="modulepreload" href="/assets/performance-dfU_ZKaW.js"/><link rel="modulepreload" href="/assets/i18next-BV1g0mjb.js"/><link rel="modulepreload" href="/assets/components-Oj2xMfGE.js"/><link rel="modulepreload" href="/assets/context-CxfOs_9L.js"/><link rel="modulepreload" href="/assets/index-x2da_zcv.js"/><link rel="modulepreload" href="/assets/index-BdpAPpdN.js"/><link rel="modulepreload" href="/assets/useTranslation-CfKJAmGY.js"/><link rel="modulepreload" href="/assets/index-CqJN8iQq.js"/><link rel="modulepreload" href="/assets/StatusInputs-JkVhk_jg.js"/><link rel="modulepreload" href="/assets/PageProvider-uKxoiNdl.js"/><link rel="modulepreload" href="/assets/useToast-DK42uF07.js"/><link rel="modulepreload" href="/assets/WebThemeContext-DttfuZxo.js"/><link rel="modulepreload" href="/assets/keyboard-CaEu2o0u.js"/><link rel="modulepreload" href="/assets/use-is-mounted-BaHv16bB.js"/><link rel="modulepreload" href="/assets/bugs-DVQzBh-s.js"/><link rel="modulepreload" href="/assets/transition-y-5XFFuu.js"/><link rel="modulepreload" href="/assets/hidden-KuoXmiN5.js"/><link rel="modulepreload" href="/assets/YoutubeIcon-DSouMQiN.js"/><link rel="modulepreload" href="/assets/use-root-containers-DmyWFwuo.js"/><link rel="modulepreload" href="/assets/use-tree-walker-Inv4mdsP.js"/><link rel="modulepreload" href="/assets/index-CJHGmWl4.js"/><link rel="modulepreload" href="/assets/useIsLoggedIn-BbU3-q43.js"/><link rel="modulepreload" href="/assets/index-EzvqLY92.js"/><link rel="modulepreload" href="/assets/Input-HUlJEznR.js"/><link rel="modulepreload" href="/assets/RedirectToHiddenInput-mUb4yii7.js"/><link rel="modulepreload" href="/assets/description-BklOXbF-.js"/><link rel="modulepreload" href="/assets/LoginWithPasswordAction-BShxROpw.js"/><link rel="modulepreload" href="/assets/Image-ycA_AFLr.js"/><link rel="modulepreload" href="/assets/dialog-CtpHvvfD.js"/><link rel="modulepreload" href="/assets/XMarkIcon-BIfmjQfr.js"/><link rel="modulepreload" href="/assets/index-COqk5b7U.js"/><link rel="modulepreload" href="/assets/index-DTtuIjz-.js"/><link rel="modulepreload" href="/assets/index-DWIcfCyK.js"/><link rel="modulepreload" href="/assets/index-BxYGUTX4.js"/><link rel="modulepreload" href="/assets/PoweredByBeehiiv-BmLCj73J.js"/><link rel="modulepreload" href="/assets/CreateAction-Dl0JjCOR.js"/><link rel="modulepreload" href="/assets/popover-CV1J-FFp.js"/><link rel="modulepreload" href="/assets/index-DIU-Hrs1.js"/><link rel="modulepreload" href="/assets/useSetLastViewedResource-YXtKzy-E.js"/><link rel="modulepreload" href="/assets/index-DcpNk-OI.js"/><link rel="modulepreload" href="/assets/ChevronDownIcon-CCywpT3m.js"/><link rel="modulepreload" href="/assets/XMarkIcon-Y2tO3Ykg.js"/><link rel="modulepreload" href="/assets/index-pnFxOaac.js"/><link rel="modulepreload" href="/assets/index-IxBbnf-Q.js"/><link rel="modulepreload" href="/assets/useIsMobile-onEuuMFV.js"/><link rel="modulepreload" href="/assets/disclosure-OT1gpdxK.js"/><link rel="modulepreload" href="/assets/SparklesIcon-DA4hsc2a.js"/><link rel="modulepreload" href="/assets/useSignupRedirects-DpD4LtfX.js"/><link rel="modulepreload" href="/assets/CheckIcon-681VH8qr.js"/><link rel="modulepreload" href="/assets/useTypedLoaderData-Bk1_tu68.js"/><link rel="modulepreload" href="/assets/useWebBuilderCommunicator-DoXoLq6Y.js"/><link rel="modulepreload" href="/assets/root-DyTVJERh.js"/><link rel="modulepreload" href="/assets/LockClosedIcon-BluoCUMI.js"/><link rel="modulepreload" href="/assets/ArrowLeftIcon-Dz9QYxn0.js"/><link rel="modulepreload" href="/assets/ChevronRightIcon-Dsmk2epM.js"/><link rel="modulepreload" href="/assets/relativeTime-tlGPeD3Q.js"/><link rel="modulepreload" href="/assets/HeroChatIcon-DZxH_rr3.js"/><link rel="modulepreload" href="/assets/FreeGatedContent-D-EWr0IZ.js"/><link rel="modulepreload" href="/assets/TwitterEmbed-BV3-M1Zy.js"/><link rel="modulepreload" href="/assets/index-CCu-G_ty.js"/><link rel="modulepreload" href="/assets/index-D5Hq4kiz.js"/><link rel="modulepreload" href="/assets/index-BFDoivjB.js"/><link rel="modulepreload" href="/assets/index-BbnTzeLf.js"/><link rel="modulepreload" href="/assets/_slug-BLaqTSRC.js"/><script>window.__AppGlobals__={"SENTRY_CLIENT_DSN":"https://35c3cc890abe9dbb51e6e513fcd6bbca@o922922.ingest.us.sentry.io/4507170453979136","SENTRY_ENV":"production","SENTRY_RELEASE":"db8f2fb594c411189813cd3fd7424600a837ab21","STRIPE_PUBLISHABLE_KEY":"pk_live_51IekcQKHPFAlBzyyGNBguT5BEI7NEBqrTxJhsYN1FI1lQb9iWxU5U2OXfi744NEMx5p7EDXh08YXrudrZkkG9bGc00ZCrkXrxL","VAPID_PUBLIC_KEY":"BEhdtfPr1iefl9Jd16511ML4L5eC4dp4exGTAqE95rZEgjRPqc-k1FymD_b-e7XaC5g43hejZ0y_VGJq72zncjY","REACT_APP_HUMAN_ENABLED":"true","REACT_APP_HUMAN_URL":"//client.px-cloud.net/PXeBumDLwe/main.min.js","REACT_APP_ADNETWORK_PIXELJS_URL":"https://beehiiv-adnetwork-production.s3.amazonaws.com/pixel-js.js"};</script><script> window.addEventListener("beforeinstallprompt", (e) => { e.preventDefault(); window.__DeferredPrompt__ = e; }); </script><link href="https://fonts.googleapis.com/css2?family=Roboto&display=swap" rel="stylesheet"/><script type="application/ld+json">{}</script><style>:root { --wt-primary-color: #001585; --wt-text-on-primary-color: #FFFFFF; --wt-secondary-color: #F9FAFB; --wt-text-on-secondary-color: #030712; --wt-tertiary-color: #FFFFFF; --wt-text-on-tertiary-color: #222222; --wt-background-color: #FFFFFF; --wt-text-on-background-color: #222222; --wt-subscribe-background-color: #FFFFFF; --wt-text-on-subscribe-background-color: #222222; --wt-header-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-body-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-button-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-border-radius: 8px } .bg-wt-primary { background-color: var(--wt-primary-color); } .text-wt-primary { color: var(--wt-primary-color); } .border-wt-primary { border-color: var(--wt-primary-color); } .bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); } .text-wt-text-on-primary { color: var(--wt-text-on-primary-color); } .border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); } .bg-wt-secondary { background-color: var(--wt-secondary-color); } .text-wt-secondary { color: var(--wt-secondary-color); } .border-wt-secondary { border-color: var(--wt-secondary-color); } .bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); } .text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); } .border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); } .bg-wt-tertiary { background-color: var(--wt-tertiary-color); } .text-wt-tertiary { color: var(--wt-tertiary-color); } .border-wt-tertiary { border-color: var(--wt-tertiary-color); } .bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); } .text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); } .border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); } .bg-wt-background { background-color: var(--wt-background-color); } .text-wt-background { color: var(--wt-background-color); } .border-wt-background { border-color: var(--wt-background-color); } .bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); } .text-wt-text-on-background { color: var(--wt-text-on-background-color); } .border-wt-text-on-background { border-color: var(--wt-text-on-background-color); } .bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); } .text-wt-subscribe-background { color: var(--wt-subscribe-background-color); } .border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); } .bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); } .text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); } .border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); } .rounded-wt { border-radius: var(--wt-border-radius); } .wt-header-font { font-family: var(--wt-header-font); } .wt-body-font { font-family: var(--wt-body-font); } .wt-button-font { font-family: var(--wt-button-font); } input:focus { --tw-ring-color: transparent !important; } li a { word-break: break-word; } @media only screen and (max-width:667px) { .mob-stack { display: block !important; width: 100% !important; } .mob-w-full { width: 100% !important; } } </style><link rel="stylesheet" href="/assets/root-BEWB8LJi.css"/><script id="tiktok-pixel" async=""> (function(){try{ !function (w, d, t) { w.TiktokAnalyticsObject=t;var ttq=w[t]=w[t]||[];ttq.methods=["page","track","identify","instances","debug","on","off","once","ready","alias","group","enableCookie","disableCookie"],ttq.setAndDefer=function(t,e){t[e]=function(){t.push([e].concat(Array.prototype.slice.call(arguments,0)))}};for(var i=0;i<ttq.methods.length;i++)ttq.setAndDefer(ttq,ttq.methods[i]);ttq.instance=function(t){for(var e=ttq._i[t]||[],n=0;n<ttq.methods.length;n++)ttq.setAndDefer(e,ttq.methods[n]);return e},ttq.load=function(e,n){var i="https://analytics.tiktok.com/i18n/pixel/events.js";ttq._i=ttq._i||{},ttq._i[e]=[],ttq._i[e]._u=i,ttq._t=ttq._t||{},ttq._t[e]=+new Date,ttq._o=ttq._o||{},ttq._o[e]=n||{};var o=document.createElement("script");o.type="text/javascript",o.async=!0,o.src=i+"?sdkid="+e+"&lib="+t;var a=document.getElementsByTagName("script")[0];a.parentNode.insertBefore(o,a)}; ttq.load('CABP05JC77U9LQHLPNDG'); }(window, document, 'ttq'); }catch{/*swallow exception*/}})(); </script></head><body class="flex h-full flex-col bg-wt-background text-wt-text-on-background"><div class=""><div class="flex min-h-screen flex-col"><div></div><div style="position:fixed;z-index:9999;top:16px;left:16px;right:16px;bottom:16px;pointer-events:none"></div><nav class="px-4 sm:px-6 w-full py-2" style="background-color:#F4F4F4"><div class="mx-auto w-full max-w-6xl"><div class="mx-auto flex items-center justify-between"><div class="flex items-center space-x-2"><a class="rounded-lg transition:all px-2 py-1 hover:bg-black/5" href="/"><div class="flex items-center space-x-2"><div class="h-8 w-8 overflow-hidden rounded-wt"><figure class="aspect-square relative h-full overflow-hidden w-full"><img class="absolute inset-0 h-full w-full object-cover" width="100" height="100" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png" alt="Exec Sum logo"/></figure></div><span style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="sm:text-md wt-text-primary hidden text-sm md:block text-md font-regular font-ariel">Exec Sum</span></div></a><div class="opacity-0 block"><div class="z-20 flex gap-1"><a class="transition:all rounded-wt px-2 py-2 hover:bg-black/5" href="https://calendly.com/litquidity" target="_blank" rel="nofollow noreferrer noopener"><span style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="whitespace-nowrap text-xs sm:block text-md font-regular font-ariel">Buy My Time</span></a><a class="transition:all rounded-wt px-2 py-2 hover:bg-black/5" href="https://shop.litquidity.co/" target="_blank" rel="nofollow noreferrer noopener"><span style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="whitespace-nowrap text-xs sm:block text-md font-regular font-ariel">Merch Store</span></a></div></div></div><div class="flex items-center space-x-2"><div class="flex items-center space-x-2"><button class="border font-medium shadow-sm wt-button-font inline-flex items-center disabled:bg-gray-400 disabled:cursor-not-allowed focus:outline-none focus:ring-2 focus:ring-offset-2 justify-center transition-colors rounded-wt px-4 py-2 text-sm border-gray-300 text-gray-700 bg-white shadow-md focus:ring-wt-primary !text-sm !font-semibold shadow-none" style="background:#F9FAFB;border:1px solid #E5E7EB;color:#030712;font-family:Roboto">Login</button><a class="border font-medium shadow-sm wt-button-font inline-flex items-center disabled:bg-gray-400 disabled:cursor-not-allowed focus:outline-none focus:ring-2 focus:ring-offset-2 justify-center transition-colors rounded-wt px-4 py-2 text-sm border-wt-primary text-wt-text-on-primary bg-wt-primary disabled:border-gray-500 focus:ring-wt-primary whitespace-nowrap !text-sm !font-semibold shadow-none" style="background:#001585;border:1px solid #001585;color:#FFFFFF;font-family:Roboto" href="/subscribe">Subscribe 馃敟</a></div><div class="relative inline-block text-left" data-headlessui-state=""><button aria-label="Menu" class="rounded-full transition-all" id="headlessui-menu-button-:Rd5al:" type="button" aria-haspopup="menu" aria-expanded="false" data-headlessui-state=""><div class="mt-1.5 rounded hover:bg-black/5" style="color:#222222"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" aria-hidden="true" data-slot="icon" class="h-6 w-6"><path stroke-linecap="round" stroke-linejoin="round" d="M3.75 6.75h16.5M3.75 12h16.5m-16.5 5.25h16.5"></path></svg></div></button></div></div></div></div></nav><main class="flex-grow"><div><div class="sticky top-0 z-50 w-full"><div aria-valuemax="100" aria-valuemin="0" aria-valuenow="0" aria-valuetext="0%" role="progressbar" data-state="loading" data-value="0" data-max="100" class="relative overflow-hidden h-1.5 bg-transparent w-full"><div data-state="loading" data-value="0" data-max="100" class="h-full w-full bg-wt-primary" style="width:0%"></div></div></div><div class="fixed bottom-0 left-0 z-50 px-4"></div><div class="relative mx-auto max-w-6xl px-4"><div class="fixed bottom-0 left-0 top-auto z-20 w-full rounded bg-wt-background shadow-xl transition-all duration-300 ease-in-out md:bottom-auto md:z-auto md:w-fit md:border-none md:shadow-none opacity-100 md:top-20"><div class="absolute left-0 top-0 w-full border border-t border-wt-text-on-background bg-wt-background opacity-10 md:hidden"></div><div class="mx-auto w-full max-w-6xl px-0 lg:px-4"><div class="flex flex-col gap-8 md:h-40"><div class=""><div class="grid grid-cols-3 p-4 px-8 sm:p-2 sm:px-2 md:grid-cols-1 md:gap-2"><div class="relative flex flex-col justify-center md:left-1"><div class="flex h-7 w-7 items-center justify-center rounded-wt transition-all hover:bg-black/5"><button class="cursor-pointer"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" aria-hidden="true" data-slot="icon" class="h-6 w-6 stroke-1 text-wt-text-on-background opacity-50"><path stroke-linecap="round" stroke-linejoin="round" d="M10.5 19.5 3 12m0 0 7.5-7.5M3 12h18"></path></svg></button></div></div><div class="flex items-center justify-center gap-3 md:flex-col md:items-start md:gap-1"><button class="group" type="button"><div class="text-wt-text-on-background opacity-50 group-hover:opacity-100 flex items-center"><div class="rounded-full p-1 hover:bg-[#f3f4f6]"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" class="h-7 w-7 outline-none h-4 w-4 stroke-1"><path stroke-linecap="round" stroke-linejoin="round" d="M21 8.25c0-2.485-2.099-4.5-4.688-4.5-1.935 0-3.597 1.126-4.312 2.733-.715-1.607-2.377-2.733-4.313-2.733C5.1 3.75 3 5.765 3 8.25c0 7.22 9 12 9 12s9-4.78 9-12Z"></path></svg></div><span class="hidden text-transparent text-sm font-medium group-hover:opacity-100">0</span></div></button><button class="group relative top-[1px] flex items-center outline-none md:pt-0"><div class="rounded-full p-1 hover:bg-[#f3f4f6]"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" class="h-7 w-7 stroke-1 text-wt-text-on-background opacity-50 group-hover:opacity-100"><path stroke-linecap="round" stroke-linejoin="round" d="M20.25 8.511c.884.284 1.5 1.128 1.5 2.097v4.286c0 1.136-.847 2.1-1.98 2.193-.34.027-.68.052-1.02.072v3.091l-3-3c-1.354 0-2.694-.055-4.02-.163a2.115 2.115 0 0 1-.825-.242m9.345-8.334a2.126 2.126 0 0 0-.476-.095 48.64 48.64 0 0 0-8.048 0c-1.131.094-1.976 1.057-1.976 2.192v4.286c0 .837.46 1.58 1.155 1.951m9.345-8.334V6.637c0-1.621-1.152-3.026-2.76-3.235A48.455 48.455 0 0 0 11.25 3c-2.115 0-4.198.137-6.24.402-1.608.209-2.76 1.614-2.76 3.235v6.226c0 1.621 1.152 3.026 2.76 3.235.577.075 1.157.14 1.74.194V21l4.155-4.155"></path></svg></div><span class="hidden relative -top-[1px] text-sm font-medium group-hover:opacity-100 md:top-0">0</span></button><div class="relative z-20 inline-block text-left md:z-0" data-headlessui-state=""><button class="relative right-[2px] top-[1.5px] outline-none md:right-[0px]" id="headlessui-menu-button-:Rfamnal:" type="button" aria-haspopup="menu" aria-expanded="false" data-headlessui-state=""><div class="flex items-center rounded-full p-1 hover:bg-[#f3f4f6]"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" class="text-wt-text-on-background opacity-50 hover:opacity-100 h-7 w-7 stroke-1 text-gray-400"><path stroke-linecap="round" stroke-linejoin="round" d="M7.217 10.907a2.25 2.25 0 1 0 0 2.186m0-2.186c.18.324.283.696.283 1.093s-.103.77-.283 1.093m0-2.186 9.566-5.314m-9.566 7.5 9.566 5.314m0 0a2.25 2.25 0 1 0 3.935 2.186 2.25 2.25 0 0 0-3.935-2.186Zm0-12.814a2.25 2.25 0 1 0 3.933-2.185 2.25 2.25 0 0 0-3.933 2.185Z"></path></svg></div></button></div></div></div></div></div></div></div><div class=""><div class="mx-auto flex max-w-2xl flex-col pb-4"><div class="mt-8" style="padding-left:20px;padding-right:20px"><ul class="flex flex-wrap items-center gap-2 text-xs font-semibold"><li class="flex items-center gap-2 text-wt-text-on-background"><a href="../" class="opacity-70">Exec Sum</a><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" aria-hidden="true" data-slot="icon" height="14px"><path stroke-linecap="round" stroke-linejoin="round" d="m8.25 4.5 7.5 7.5-7.5 7.5"></path></svg></li><li class="flex items-center gap-2 text-wt-text-on-background"><span class="opacity-70">Posts</span><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" aria-hidden="true" data-slot="icon" height="14px"><path stroke-linecap="round" stroke-linejoin="round" d="m8.25 4.5 7.5 7.5-7.5 7.5"></path></svg></li><li class="flex items-center gap-2 text-wt-text-on-background"><span class="!opacity-100">Hard landing 'in hindsight'</span></li></ul></div><div><div><div><link href="https://fonts.gstatic.com" rel="preconnect"><link href="https://fonts.googleapis.com/css2?family=Roboto&display=swap" rel="stylesheet"><link href="https://fonts.googleapis.com/css2?family=Roboto&display=swap" rel="stylesheet"><link href="https://fonts.googleapis.com/css2?family=Roboto&display=swap" rel="stylesheet"><style type="text/css"> :root { --wt-primary-color: #001585; --wt-text-on-primary-color: #FFFFFF; --wt-secondary-color: #F9FAFB; --wt-text-on-secondary-color: #030712; --wt-tertiary-color: #FFFFFF; --wt-text-on-tertiary-color: #222222; --wt-background-color: #FFFFFF; --wt-text-on-background-color: #222222; --wt-subscribe-background-color: #FFFFFF; --wt-text-on-subscribe-background-color: #222222; --wt-header-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-body-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-button-font: "Roboto", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"; --wt-border-radius: 8px } .bg-wt-primary { background-color: var(--wt-primary-color); } .text-wt-primary { color: var(--wt-primary-color); } .border-wt-primary { border-color: var(--wt-primary-color); } .bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); } .text-wt-text-on-primary { color: var(--wt-text-on-primary-color); } .border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); } .bg-wt-secondary { background-color: var(--wt-secondary-color); } .text-wt-secondary { color: var(--wt-secondary-color); } .border-wt-secondary { border-color: var(--wt-secondary-color); } .bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); } .text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); } .border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); } .bg-wt-tertiary { background-color: var(--wt-tertiary-color); } .text-wt-tertiary { color: var(--wt-tertiary-color); } .border-wt-tertiary { border-color: var(--wt-tertiary-color); } .bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); } .text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); } .border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); } .bg-wt-background { background-color: var(--wt-background-color); } .text-wt-background { color: var(--wt-background-color); } .border-wt-background { border-color: var(--wt-background-color); } .bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); } .text-wt-text-on-background { color: var(--wt-text-on-background-color); } .border-wt-text-on-background { border-color: var(--wt-text-on-background-color); } .bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); } .text-wt-subscribe-background { color: var(--wt-subscribe-background-color); } .border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); } .bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); } .text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); } .border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); } .rounded-wt { border-radius: var(--wt-border-radius); } .wt-header-font { font-family: var(--wt-header-font); } .wt-body-font { font-family: var(--wt-body-font); } .wt-button-font { font-family: var(--wt-button-font); } input:focus { --tw-ring-color: transparent !important; } li a { word-break: break-word; } @media only screen and (max-width:667px) { .mob-stack { display: block !important; width: 100% !important; } .mob-w-full { width: 100% !important; } } </style><script async="" id="tiktok-script" src="https://www.tiktok.com/embed.js" type="text/javascript"></script><script async="" defer="" id="twitter-wjs" src="https://platform.twitter.com/widgets.js" type="text/javascript"></script><style> .table-base, .table-c, .table-h { border: 1px solid #C0C0C0; } .table-c { padding:5px; background-color:#FFFFFF; } .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; } .table-h { padding:5px; background-color:#F1F1F1; } .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; } </style></div><div class="bg-wt-background" style="color: var(--wt-text-on-background-color) !important;"><div class="rendered-post" style="max-width: 672px; margin: 0 auto;"><div class="bg-wt-background text-wt-text-on-background"><div style="padding-top:1.5rem; padding-bottom:1.5rem;"><style> .bh__byline_wrapper { font-size: .875rem; line-height: 1.25rem; vertical-align: middle; justify-content: space-between; display: block; } .bh__byline_social_wrapper { display: flex; margin-top: 0.5rem; align-items: center; } .bh__byline_social_wrapper > * + * { margin-left: 1rem; } @media (min-width: 768px) { .bh__byline_wrapper { display: flex; } .bh__byline_social_wrapper { margin-top: 0rem; } } </style><div id="web-header" style="padding-left: 20px; padding-right: 20px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;"><h1 style="font-size: 36px; font-family:'Helvetica',Arial,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;">Hard landing 'in hindsight'</h1><h2 style="font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;">US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.</h2><div class="bh__byline_wrapper"><div><div style="display:flex;"><div style="display:flex; flex-direction:row; justify-content:flex-start;"><div style="display:flex;"><img alt="Author" height="40" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg" style="height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;" width="40"></div><div style="display:flex; align-items:center;"><p style="left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;"><span><a href="https://www.execsum.co/authors/2e8f4f5d-5856-4463-ad71-a48cbba10c7a" target="_blank" style="color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;">Litquidity Capital</a></span><br><span class="text-wt-text-on-background" style="opacity:0.75;"> August 22, 2024 </span></p></div></div></div></div><div class="bh__byline_social_wrapper"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 212 212" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="106.214" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z" fill="#BAC2CE"></path></svg></div></a><a href="https://twitter.com/intent/tweet?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.&url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight&via=litcapital" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 52 52" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="26" cy="26" fill-opacity="0.15" fill="#9CA3AF" r="26"></circle><path d="M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z" fill="#BAC2CE" transform="translate(14,14)"></path></svg></div></a><a href="https://www.threads.net/intent/post?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.+https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 211 211" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="105.5" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z" fill="#BAC2CE"></path></svg></div></a><a href="https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 211 211" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="105.5" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z" fill="#BAC2CE"></path></svg></div></a></div></div></div><div id="content-blocks"><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;"><b>Together with</b></p></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:23%;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/310ff4c8-31aa-49c5-8a6d-bdc88e70d167/image.png?t=1724301984"></a></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Good Morning,</b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Check out our new opportunity with <a class="link" href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Chicago Atlantic Digital Mining Fund</a>, an exciting entryway investment into the digital asset space. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Let's dive in. </p></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://forms.gle/avC7V9tJseG6P39Q9" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:75%;border-radius:0px 0px 0px 0px;border-style:solid;border-width:0px 0px 0px 0px;box-sizing:border-box;border-color:#E5E7EB;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/74cf1ad5-57ba-44c3-9546-cd89e7129556/Partner_with_us_logo_FINAL_V3.png?t=1722407247"></a></div><div id="before-the-bell" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Before The Bell</b></h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/59650221-b05d-4fa6-a5cb-70b0c46aa26b/image.png?t=1724297801"><div style="margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;"><small style="color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;"><p>As of 08/21/2024 market close.</p></small></div></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Markets</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> US stocks rose after encouraging Fed minutes reinforced hopes for imminent rate cuts </p><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Markets priced in a 66% chance of a 25 bps September rate cut and 33% chance of a 50 bps cut </p></li></ul></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Dollar hit a YTD low </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Euro is now second-best performing major currency vs dollar YTD </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Earnings</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>Target </b></span><span style="color:rgb(34, 34, 34);">jumped 11% after beating Q2 earnings and revenue estimates with a return to growth and raising its FY profit forecast as price cuts lure shoppers (</span><a class="link" href="https://www.cnbc.com/2024/08/21/target-tgt-q2-2024-earnings.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>Macy's</b></span><span style="color:rgb(34, 34, 34);"> tumbled 12% despite beating Q2 earnings estimates due to cutting its FY sales forecast as shoppers become more selective (</span><a class="link" href="https://www.cnbc.com/2024/08/21/macys-m-q2-2024-earnings.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">What we're watching this week: </span></p><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">Today: </span><span style="color:rgb(34, 34, 34);"><b>TD Bank Group</b></span><span style="color:rgb(34, 34, 34);">, </span><span style="color:rgb(34, 34, 34);"><b>Cava</b></span></p></li></ul></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">Full calendar </span><a class="link" href="https://www.nasdaq.com/market-activity/earnings" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">here</a></p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="headline-roundup" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Headline Roundup</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Minutes reveal Fed steaming towards September rate cut (<a class="link" href="https://www.cnbc.com/2024/08/21/us-treasurys-ahead-of-fed-meeting-minutes-release.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> US job growth was revised down by the most since 2009 (<a class="link" href="https://www.cnbc.com/2024/08/21/us-job-growth-revised-down-by-the-most-since-2009-why-this-time-is-different.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China central bank is battling against record-low yields (<a class="link" href="https://www.wsj.com/finance/investing/china-says-please-stop-buying-our-bonds-70990bad" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China lending hit a fifteen-year low (<a class="link" href="https://www.cnbc.com/2024/08/16/china-new-loans-july.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Global investors are piling into Chinese bank bonds (<a class="link" href="https://www.ft.com/content/bfb5be35-b1c0-4ad3-8816-f8877e5da17f" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> EM Asia bonds and Treasuries correlations are rising again(<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-22/malaysian-bonds-set-to-gain-most-in-em-asia-from-treasury-rally?srnd=phx-markets&embedded-checkout=true" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Euro currency emerges a winner from market turmoil (<a class="link" href="https://www.reuters.com/markets/currencies/euro-now-safer-bet-emerges-winner-market-turmoil-2024-08-21/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> BlackRock support for ESG measures hit a new low (<a class="link" href="https://www.ft.com/content/2fbd12f2-a2e1-4fa7-ba63-7344ab274b4f" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Western Asset Management CIO leaves role amid US investigation (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/western-asset-s-ken-leech-takes-leave-of-absence-amid-sec-probe" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Disney tasked Morgan Stanley's James Gorman to lead CEO search (<a class="link" href="https://www.reuters.com/business/media-telecom/walt-disney-tasks-board-member-gorman-lead-panel-ceo-search-2024-08-21/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> PwC is expecting a six-month ban in China (<a class="link" href="https://www.ft.com/content/6e165676-30b1-4567-8cb1-647c15bb015d" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> MSCI axed dozens more Chinese stocks for third-straight quarter (<a class="link" href="https://www.ft.com/content/849bd1e6-3adc-4867-b417-ca52dc64520c" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> TD Bank set aside $2.6B more for US regulatory penalties (<a class="link" href="https://www.reuters.com/business/finance/td-bank-says-continuing-pursue-resolution-anti-money-laundering-probe-2024-08-21/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> OpenAI is letting clients train its GPT (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-20/openai-to-let-companies-customize-its-most-powerful-ai-model?sref=Ptu9QECN" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> YouTube partnered with Shopify to take on TikTok Shop (<a class="link" href="https://techcrunch.com/2024/08/20/youtube-takes-on-tiktok-shop-with-expanded-shopify-partnership/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Shein sued Temu for copyright infringement (<a class="link" href="https://www.cnbc.com/2024/08/20/shein-sues-temu-over-copyright-infringement-trade-secret-theft.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> UK closed competition probes into Google and Apple app stores (<a class="link" href="https://www.wsj.com/finance/u-k-authority-closes-competition-probes-into-google-apple-app-stores-612decd3?mod=tech_lead_story" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Ford shrinks EV rollout plans as demand lags (<a class="link" href="https://www.wsj.com/business/autos/ford-cancels-plans-for-electric-suv-44817367?mod=hp_lead_pos3" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Tim Walz accepted the Democratic VP nomination (<a class="link" href="https://www.axios.com/2024/08/22/tim-walz-dnc-2024-harris" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">AX</a>) </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="a-message-from-chicago-atlantic" style="padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;"><h2 style="color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;"><b>A Message From Chicago Atlantic</b></h2></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/2cc3a187-c8f8-480f-b213-e81301d0c61f/image.png?t=1724301974"></a></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><i><b>Beyond Bitcoin</b></i></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> We're <a class="link" href="https://www.chicagoatlantic.com/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Chicago Atlantic</a>, an alternative investment management firm with over $1.7 billion in assets under management. Our approach capitalizes on niche strategies where demand for capital exceeds traditional supply. We serve institutions, family offices and private clients. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Today, in partnership with Exec Sum, we've opened our new <a class="link" href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Digital Mining Fund</a> to all accredited investors. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>What's the Opportunity?</b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> A de-risked investment in the crypto space with monthly cash flow distributions, tax depreciation benefits, attractive returns and potential capital appreciation. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Since inception, we have distributed annualized returns of 36 percent. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Why Invest?</b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Infrastructure for miners is in high demand. With the Digital Mining Fund, you are investing in real assets with bonus depreciation and in data center infrastructure with significant electrical power availability and applications beyond the crypto landscape. These investments in a fund structure offer less volatility and higher potential for growth than simply buying and holding Bitcoin. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Want to Learn More?</b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Submit your interest <a class="link" href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">here</a> and a Chicago Atlantic advisor will share the opportunity. </p></div><div style="padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;"><a target="_blank" rel="noopener nofollow noreferrer" href="https://digitalminingfund.com/investment/?utm_source=newsletter-1&utm_medium=landing-page-1&utm_campaign=investment-1"><button style="background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;" type="button"> I'm Interested </button></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="deal-flow" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Deal Flow</b></h1></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>M&A / Investments</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Media investor <span style=""><b>Edgar Bronfman Jr.</b></span> raised his offer to take control of <span style=""><b>Paramount Global </b></span>from $4.3B to $6B (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/bronfman-raises-offer-for-paramount-global-to-6-billion?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Coal miners <span style=""><b>Arch Resources</b></span> and <span style=""><b>Consol Energy</b></span> agreed to combine in an all-stock merger to create a $5.2B entity <span style=""><b>Core Natural Resources </b></span>(<a class="link" href="https://www.wsj.com/business/energy-oil/coal-miners-arch-consol-agree-to-merger-of-equals-5f9ea0e9?mod=deals_news_article_pos1" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><b>Japan Tobacco</b> will buy discount cigarette maker <span style=""><b>Vector </b></span>for $2.4B (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/jt-group-to-buy-cigarette-maker-vector-of-us-for-2-4-billion?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Natural gas company <span style=""><b>Ovintiv</b></span> is considering a possible sale of its operations in the Uinta Basin, which could fetch $2B (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/ovintiv-said-to-explore-sale-of-oil-operations-in-uinta-basin?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> A group led by <span style=""><b>KKR </b></span>and Japanese real estate company <span style=""><b>Hulic </b></span>made a $2B bid to acquire Tokyo skyscraper <span style=""><b>Shiodome City Center</b></span> from Singapore's <span style=""><b>GIC </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/kkr-hulic-bid-2-billion-for-gic-s-central-tokyo-skyscraper?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Goldman Sachs</b></span>' infrastructure arm, <span style=""><b>Wren House Infrastructure</b></span>, and <span style=""><b>Igneo Infrastructure Partners</b></span> are among shortlisted firms bidding for Spanish data center operator <span style=""><b>Nabiax</b></span>, which could fetch $1.1B or more (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/goldman-wren-house-are-said-to-be-shortlisted-in-nabiax-sale?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Japanese steelmakers <span style=""><b>Nippon Steel </b></span>and <span style=""><b>JFE Steel </b></span>will acquire a 30% total stake in <span style=""><b>Whitehaven Coal</b></span>鈥檚 Blackwater metallurgical coal mine in a $1.1B deal (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/whitehaven-coal-to-sell-stake-in-blackwater-for-1-08-billion?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Oaktree Capital</b></span> is in exclusive talks to acquire a majority stake in two units of <span style=""><b>B. Riley Financial</b></span> in a deal worth up to $380M (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/oaktree-said-in-talks-to-buy-majority-stake-in-b-riley-s-great-american-group?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Indian delivery company<span style=""><b> Zomato</b></span> agreed to buy Indian fintech <span style=""><b>Paytm</b></span>'s movie and events ticketing business for $244M (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/zomato-to-buy-paytm-s-movie-ticketing-business-for-244-million?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Blackstone</b></span> is in talks to acquire the <span style=""><b>Hyatt Regency Clearwater Beach Resort and Spa</b></span> in Florida from <span style=""><b>Western Hospitality </b></span>for ~$200M (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/blackstone-is-said-to-near-purchase-of-hyatt-clearwater-beach?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Bitcoin miner <span style=""><b>Bitfarms</b></span> agreed to acquire <span style=""><b>Stronghold Digital Mining</b></span> for ~$125M in stock (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/bitcoin-miner-bitfarms-in-talks-to-acquire-stronghold-in-all-stock-deal?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Telecom tower operator <span style=""><b>IHS Towers </b></span>is exploring a potential sale of its Rwanda and Zambia businesses (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/ihs-is-said-to-mull-sale-of-tower-businesses-in-rwanda-zambia?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> UK transport company <span style=""><b>Mobico </b></span>launched a sale of its North American school bus business (<a class="link" href="https://www.reuters.com/markets/europe/uk-transport-group-mobicos-h1-profit-jumps-28-higher-demand-pricing-2024-08-21/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>VC</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Grafana Labs</b></span>, an open-source data analysis startup, raised a $270M Series D extension at a $6B valuation led by <span style=""><b>Lightspeed Venture Partners</b></span><b> </b>(<a class="link" href="https://techcrunch.com/2024/08/21/grafana-labs-is-now-valued-at-6b/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Blockchain-based IP platform <span style=""><b>Story</b></span> raised an $83M round at a $2.25B valuation led by <span style=""><b>a16z crypto</b></span><b> </b>(<a class="link" href="https://techcrunch.com/2024/08/21/story-raises-83m-at-a-2-25b-valuation-to-build-a-blockchain-for-the-business-of-content-ip-in-the-age-of-ai/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Military staff workflow platform <span style=""><b>Onebrief</b></span> raised a $53M Series B led by <span style=""><b>Human Capital</b></span> (<a class="link" href="http://www.businesswire.com/news/home/20240821391951/en/Onebrief-Secures-53M-to-Build-the-Future-of-Military-Staffs/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BW</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Asteroid mining startup <span style=""><b>AstroForge</b></span> raised a $40M Series A led by <span style=""><b>Nova Threshold</b></span> (<a class="link" href="https://www.finsmes.com/2024/08/astroforge-raises-40m-in-series-a-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> VRM company<span style=""> </span><span style=""><b>Admiral</b></span> raised $19M in growth equity and debt led by <span style=""><b>Harbert Growth Partners</b></span> (<a class="link" href="https://www.prnewswire.com/news-releases/admiral-raises-19m-in-new-funding-led-by-harbert-growth-partners-bringing-total-to-28m-to-protect-the-free-internet-one-publisher-at-a-time-302227605.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">PRN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Lettuce Financial</b></span>, an automated accounting and tax solution for solopreneurs, raised a $15M Series A led by<b> </b><span style=""><b>Zeev Ventures</b></span> (<a class="link" href="https://www.finsmes.com/2024/08/lettuce-financial-closes-15m-series-a-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Efficient Capital Labs</b></span>, a provider of non-dilutive capital to B2B SaaS firms, raised an $11M Series A led by <span style=""><b>QED Investors</b></span><b> </b>and<b> </b><span style=""><b>645 Ventures</b></span> (<a class="link" href="http://www.businesswire.com/news/home/20240821807861/en/Efficient-Capital-Labs-Raises-11-Million-in-Series-A-Funding-to-Expand-Cross-Border-Revenue-Based-Financing/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BW</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Agrizy</b></span>, an Indian B2B agri-processing platform, raised a $9.8M Series A led by <span style=""><b>Accion</b></span><b> </b>and<b> </b><span style=""><b>Omnivore</b></span> (<a class="link" href="https://www.finsmes.com/2024/08/agrizy-raises-9-8m-in-series-a-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Skyfire Systems</b></span>, a payment network for AI agents, raised $8.5M from <span style=""><b>Neuberger Berman</b></span><b>, </b><span style=""><b>Brevan Howard Digital</b></span>, and more (<a class="link" href="http://www.businesswire.com/news/home/20240821247203/en/Introducing-Skyfire-Payment-Rails-for-AI/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BW</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Spatial computing startup <span style=""><b>VividQ</b></span> raised a $7.5M Series A led by <span style=""><b>Foresight Group</b></span> (<a class="link" href="https://tech.eu/2024/08/21/vividq-raises-7-5m-series-a-for-spatial-computing/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">EU</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Social commerce platform <span style=""><b>SleekFlow</b></span> raised a $7M round led by <span style=""><b>Atinum Investment</b></span> (<a class="link" href="https://techcrunch.com/2024/08/20/omnichannel-platform-sleekflow-gets-7m-to-propel-expansion-ai-capabilities/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>IPO / Direct Listings / Issuances / Block Trades</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Walmart</b></span> sold its entire $3.6B stake in Chinese e-commerce firm<span style=""><b> JD.com </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-20/walmart-is-seeking-up-to-3-74-billion-in-sale-of-jd-com-stake?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Nordic Capital </b></span>is exploring options including an IPO for Scandinavian consumer finance lender <span style=""><b>NOBA</b></span> (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/nordic-capital-is-said-to-weigh-ipo-of-scandinavian-lender-noba?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>General Atlantic</b></span> sold its entire stake in India's <span style=""><b>PNB Housing Finance</b></span> for $127M (<a class="link" href="https://www.reuters.com/markets/deals/general-atlantic-exits-indias-pnb-housing-127-mln-deal-2024-08-21/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Chinese autonomous driving company <span style=""><b>WeRide</b></span> postponed its US IPO (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-22/china-s-weride-is-said-to-delay-us-ipo-just-as-deadline-nears?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Debt</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Brookfield </b></span>is seeking $10.6B of debt from banks for its potential LBO of Spanish pharmaceutical producer <span style=""><b>Grifols</b></span><span style=""> </span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/brookfield-seeks-close-to-10-billion-debt-for-grifols-takeover" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="crypto-corner" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Crypto Corner</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Kamala Harris supports measures to expand the crypto industry (<a class="link" href="https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says?srnd=phx-crypto" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="execs-picks" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Exec鈥檚 Picks</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Amid the recent market slump, Callie Cox wrote an interesting piece on <a class="link" href="https://www.optimisticallie.com/p/fear-makes-us-better-investors" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">how fear makes us better investors</a>. </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Joe Wiggins gave a great take on how we can improve our investment behavior by <a class="link" href="https://behaviouralinvestment.com/2024/08/20/stop-paying-attention/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">not paying attention to stuff that doesn't matter</a>. </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Check out Bloomberg's storyline detailing how <a class="link" href="https://www.bloomberg.com/news/articles/2024-08-20/b-riley-s-rout-forces-reckoning-for-a-founder-s-labor-of-love?srnd=homepage-americas" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">B. Riley's multibillion-dollar financial empire stumbled</a>. </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="financial-services-recruiting" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Financial Services Recruiting </b>馃捈</h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://www.litneypartners.com/" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436"></a></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out <b>Litney Partners</b>, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>We aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. </b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> To get started, simply head over to <a class="link" href="https://www.litneypartners.com/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Litney Partners</a> and create your profile by dropping your resume / filling out the form: </p></div><div style="padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;"><a target="_blank" rel="noopener nofollow noreferrer" href="https://www.litneypartners.com/"><button style="background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;" type="button"> GET HIRED </button></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="meme-cleanser" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Meme Cleanser</b></h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://x.com/concodanomics/status/1825452121677865373" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:80%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ccccd5c4-4bd8-4bee-be4a-2758176b851e/image.png?t=1724302341"></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://x.com/netcapgirl/status/1826250016970961099" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:80%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b4d1cf66-5560-4418-92f9-75d56aed5718/image.png?t=1724303831"></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://x.com/MadsCapital/status/1824085716252442773" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:80%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/21f94ea8-2820-48f2-80dd-5aaeef7d25d4/image.png?t=1724302405"></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><span style="text-decoration:underline;"><b><a class="link" href="https://forms.gle/avC7V9tJseG6P39Q9" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Advertise with us</a></b></span><b> // </b><span style="text-decoration:underline;"><b><a class="link" href="https://litquidity.co/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Visit our merch store</a></b></span><b> // </b><span style="text-decoration:underline;"><b><a class="link" href="https://forms.gle/Ukgywm3t79cqTSKA8" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Invest alongside Lit Ventures</a></b></span><b> // </b><span style="text-decoration:underline;"><b><a class="link" href="https://calendly.com/litquidity" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Book a call with Lit</a></b></span><b> // </b><span style="text-decoration:underline;"><b><a class="link" href="https://www.beehiiv.com/?via=litquidity&_ga=2.68091284.425865747.1655068082-1751285988.1638793928&_gl=1*8md5w7*_gcl_au*NDIwODY2NjAyLjE2ODA3MDIwOTIuMTI3MDk0OTA2Ny4xNjg0NzI1NzYzLjE2ODQ3MjU3NjM.*_ga*NjA3NTUwNDEuMTY4MDcwMjA5Mg..*_ga_E6Y4WLQ2EC*MTY4NDg5NTkzOS4yOTguMS4xNjg0ODk3OTY3LjYwLjAuMA.." target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Launch your own newsletter</a></b></span></p></div></div></div></div></div></div></div></div></div></div></div><div class="px-4"></div><div id="comments" class="space-y-8 px-4"><div class="pb-8"><div class="mx-auto max-w-2xl" style="padding-left:20px;padding-right:20px"><div class="flex items-center justify-between gap-4 py-2"><h4 class="leading-none text-wt-text-on-background text-lg sm:text-xl font-bold">Reply</h4><div class=""><div class="relative inline-block text-left" data-headlessui-state=""><div><button class="inline-flex w-full justify-center whitespace-nowrap rounded-wt border bg-wt-background px-4 py-1 text-sm font-medium text-wt-text-on-background" id="headlessui-menu-button-:R1innal:" type="button" aria-haspopup="menu" aria-expanded="false" data-headlessui-state="">Newest first<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" aria-hidden="true" data-slot="icon" class="-mr-1 ml-2 h-5 w-5 text-wt-text-on-background"><path fill-rule="evenodd" d="M5.22 8.22a.75.75 0 0 1 1.06 0L10 11.94l3.72-3.72a.75.75 0 1 1 1.06 1.06l-4.25 4.25a.75.75 0 0 1-1.06 0L5.22 9.28a.75.75 0 0 1 0-1.06Z" clip-rule="evenodd"></path></svg></button></div></div></div></div><div class="pb-4"><div class="relative"><div class="overflow-hidden rounded-wt border border-gray-300 shadow-sm focus-within:border-wt-primary focus-within:ring-1 focus-within:ring-wt-primary"><label for="comment" class="sr-only">Add your comment</label><textarea rows="2" name="content" id="comment" class="block w-full resize-none border-0 bg-transparent py-3 text-sm focus:ring-0" placeholder="Add your comment..." required=""></textarea><div class="py-2" aria-hidden="true"><div class="py-px"><div class="h-6"></div></div></div></div><div class="absolute inset-x-0 bottom-0 flex justify-between py-2 pl-3 pr-2"><div class="flex items-center space-x-5"><div class="flex-shrink-0"></div></div><div class="flex-shrink-0 pr-1"><button type="button" class="border font-medium shadow-sm wt-button-font inline-flex items-center disabled:bg-gray-400 disabled:cursor-not-allowed focus:outline-none focus:ring-2 focus:ring-offset-2 justify-center transition-colors rounded-wt px-2 py-1 text-sm border-wt-primary text-wt-text-on-primary bg-wt-primary disabled:border-gray-500 focus:ring-wt-primary">Login</button></div></div></div><span class="opacity-75 wt-body-font text-wt-text-on-background text-xs sm:text-sm font-regular"><button><span class="underline">Login</span></button> <!-- -->or<!-- --> <button><span class="underline">Subscribe</span></button> <!-- -->to participate<!-- -->.</span></div><div class="flex w-full animate-pulse flex-col space-y-6"><div class="space-y-4"><div class="h-8 w-full rounded bg-gray-300/80"></div><div class="h-8 w-full rounded bg-gray-300/80"></div><div class="h-8 w-full rounded bg-gray-300/80"></div><div class="h-8 w-full rounded bg-gray-300/80"></div></div></div></div></div></div></div></main><footer class="px-4 sm:px-6 py-8" style="background-color:#F4F4F4"><div class="mx-auto w-full max-w-6xl"><div class="flex flex-col gap-y-6"><div class="grid grid-cols-1 gap-y-6 sm:grid-cols-3"><div class="sm:px-6"><div class="flex w-full flex-col items-center sm:items-start"><div class="flex items-center gap-x-2 py-4"><img src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png" alt="The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of memes. Read by 300K+ investment bankers, institutional investors, venture capitalists, and more." width="40" height="40" class="overflow-hidden"/><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-md font-semibold font-ariel">Exec Sum</p></div><div class="text-center sm:text-left"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-sm font-regular font-ariel">The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of memes. Read by 300K+ investment bankers, institutional investors, venture capitalists, and more.</p></div></div></div><div class="mx-auto hidden sm:flex sm:flex-row w-10/12"><div class="flex grow basis-0 flex-col gap-y-3"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-semibold font-ariel">Home</p><div class="flex flex-col gap-y-2"><a class="sm:max-w-36 sm:text-wrap" href="/"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-regular font-ariel">Posts</p></a><a class="sm:max-w-36 sm:text-wrap" href="/authors"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-regular font-ariel">Authors</p></a></div></div><div class="flex grow basis-0 flex-col gap-y-3"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-semibold font-ariel">Buy My Time</p><div class="flex flex-col gap-y-2"><a href="https://calendly.com/litquidity" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-semibold font-ariel">Buy My Time</p></a></div></div><div class="flex grow basis-0 flex-col gap-y-3"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-semibold font-ariel">Merch Store</p><div class="flex flex-col gap-y-2"><a href="https://shop.litquidity.co/" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Roboto, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto,"Helvetica Neue", Arial, "Noto Sans", sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji"" class="text-xs sm:text-sm font-semibold font-ariel">Merch Store</p></a></div></div></div><div class="flex flex-col items-center gap-y-4 sm:items-start sm:px-6"><div class="flex w-full flex-col items-center"><form class="group w-full rounded-wt bg-transparent" action="/create" method="post"><input type="hidden" name="redirect_path" value="/subscribe?recommendations=true&email="/><input type="hidden" name="sent_from_orchid" value="true"/><input type="hidden" name="fallback_path" value="/p/hard-landing-in-hindsight"/><input type="hidden" name="double_opt" value="false"/><input type="hidden" name="trigger_redirect" value="true"/><input hidden="" name="subscribe_error_message" value="Oops, something went wrong."/><input hidden="" name="subscribe_success_message" value="Subscribed!"/><div class="flex flex-col"><div style="background-color:#F9FAFB;border:2px solid #001585" class="flex w-full flex-col items-center sm:flex-row overflow-hidden rounded-lg"><div class="flex w-full items-center" style="background-color:#F9FAFB"><input type="email" autoComplete="email" required="" style="font-family:Roboto;color:#111827" class="wt-button-font z-10 w-full border-none bg-transparent placeholder-shown:text-ellipsis text-lg focus:text-lg active:text-lg sm:text-lg" placeholder="Enter Your Email" name="email"/></div><input type="submit" style="background-color:#001585;color:#FFFFFF;font-family:Roboto" class="cursor-pointer px-5 py-3 font-semibold w-full sm:w-auto text-lg focus:text-lg active:text-lg sm:text-lg rounded-lg rounded-none sm:rounded-lg-r" value="Subscribe"/></div></div></form></div><div class="flex flex-wrap items-center justify-center gap-2 sm:items-start sm:justify-start"><a target="_blank" rel="noreferrer" href="https://www.twitter.com/exec_sum" aria-label="Twitter" class="relative p-2"><div class="absolute left-0 top-0 h-full w-full rounded-full bg-black opacity-10"></div><div class="rounded-full bg-black p-2 text-white" style="background-color:#222222;color:#F4F4F4"><svg class="h-3 w-3" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor"><g><path d="M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"></path></g></svg></div></a><a target="_blank" rel="noreferrer" href="https://www.linkedin.com/company/litquidity" aria-label="LinkedIn" class="relative p-2"><div class="absolute left-0 top-0 h-full w-full rounded-full bg-black opacity-10"></div><div class="rounded-full bg-black p-2 text-white" style="background-color:#222222;color:#F4F4F4"><svg class="h-3 w-3" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512" fill="currentColor"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></div></a><a target="_blank" rel="noreferrer" href="https://www.instagram.com/exec.sum" aria-label="Instagram" class="relative p-2"><div class="absolute left-0 top-0 h-full w-full rounded-full bg-black opacity-10"></div><div class="rounded-full bg-black p-2 text-white" style="background-color:#222222;color:#F4F4F4"><svg class="h-3 w-3" xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="currentColor"><path d="M12 2.163c3.204 0 3.584.012 4.85.07 3.252.148 4.771 1.691 4.919 4.919.058 1.265.069 1.645.069 4.849 0 3.205-.012 3.584-.069 4.849-.149 3.225-1.664 4.771-4.919 4.919-1.266.058-1.644.07-4.85.07-3.204 0-3.584-.012-4.849-.07-3.26-.149-4.771-1.699-4.919-4.92-.058-1.265-.07-1.644-.07-4.849 0-3.204.013-3.583.07-4.849.149-3.227 1.664-4.771 4.919-4.919 1.266-.057 1.645-.069 4.849-.069zm0-2.163c-3.259 0-3.667.014-4.947.072-4.358.2-6.78 2.618-6.98 6.98-.059 1.281-.073 1.689-.073 4.948 0 3.259.014 3.668.072 4.948.2 4.358 2.618 6.78 6.98 6.98 1.281.058 1.689.072 4.948.072 3.259 0 3.668-.014 4.948-.072 4.354-.2 6.782-2.618 6.979-6.98.059-1.28.073-1.689.073-4.948 0-3.259-.014-3.667-.072-4.947-.196-4.354-2.617-6.78-6.979-6.98-1.281-.059-1.69-.073-4.949-.073zm0 5.838c-3.403 0-6.162 2.759-6.162 6.162s2.759 6.163 6.162 6.163 6.162-2.759 6.162-6.163c0-3.403-2.759-6.162-6.162-6.162zm0 10.162c-2.209 0-4-1.79-4-4 0-2.209 1.791-4 4-4s4 1.791 4 4c0 2.21-1.791 4-4 4zm6.406-11.845c-.796 0-1.441.645-1.441 1.44s.645 1.44 1.441 1.44c.795 0 1.439-.645 1.439-1.44s-.644-1.44-1.439-1.44z"></path></svg></div></a><a target="_blank" rel="noreferrer" href="https://rss.beehiiv.com/feeds/iH9DsaNnv0.xml" aria-label="RSS" class="relative p-2"><div class="absolute left-0 top-0 h-full w-full rounded-full bg-black opacity-10"></div><div class="rounded-full bg-black p-2 text-white" style="background-color:#222222;color:#F4F4F4"><svg xmlns="http://www.w3.org/2000/svg" role="img" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" class="h-3 w-3" fill="currentColor"><path d="M19.199 24C19.199 13.467 10.533 4.8 0 4.8V0c13.165 0 24 10.835 24 24h-4.801zM3.291 17.415c1.814 0 3.293 1.479 3.293 3.295 0 1.813-1.485 3.29-3.301 3.29C1.47 24 0 22.526 0 20.71s1.475-3.294 3.291-3.295zM15.909 24h-4.665c0-6.169-5.075-11.245-11.244-11.245V8.09c8.727 0 15.909 7.184 15.909 15.91z"></path></svg></div></a></div></div></div><div class="flex w-full flex-col items-center gap-y-4 sm:flex-row sm:justify-between sm:px-6"><div class="w-full text-center sm:w-1/2 sm:text-left"><p style="color:#222222" class="!text-xs text-md font-light font-ariel">漏 2024 Exec Sum.</p></div><div class="flex w-full flex-col items-center gap-y-4 sm:w-1/2 sm:flex-row sm:justify-end sm:gap-x-4"><div class="flex gap-x-2 sm:gap-x-5"><a href="https://beehiiv.com/privacy" target="_blank" class="whitespace-nowrap underline underline-offset-1 hover:opacity-80" rel="noreferrer" style="color:#222222"><p style="color:#222222" class="!text-xs text-md font-light font-ariel">Privacy Policy</p></a><a href="https://beehiiv.com/tou" target="_blank" class="whitespace-nowrap underline underline-offset-1 hover:opacity-80" rel="noreferrer" style="color:#222222"><p style="color:#222222" class="!text-xs text-md font-light font-ariel">Terms of Use</p></a></div></div></div></div></div></footer></div></div><script>((STORAGE_KEY, restoreKey) => { if (!window.history.state || !window.history.state.key) { let key = Math.random().toString(32).slice(2); window.history.replaceState({ key }, ""); } try { let positions = JSON.parse(sessionStorage.getItem(STORAGE_KEY) || "{}"); let storedY = positions[restoreKey || window.history.state.key]; if (typeof storedY === "number") { window.scrollTo(0, storedY); } } catch (error) { console.error(error); sessionStorage.removeItem(STORAGE_KEY); } })("positions", null)</script><script>window.__remixContext = {"url":"/p/hard-landing-in-hindsight","basename":"/","future":{"v3_fetcherPersist":false,"v3_relativeSplatPath":false,"v3_throwAbortReason":false,"unstable_singleFetch":false},"isSpaMode":false,"state":{"loaderData":{"root":{"canShowCookieBanner":true,"publication":{"id":"f2aedf85-682c-47c2-8ad0-f44433524834","name":"Exec Sum","description":"The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of memes. Read by 300K+ investment bankers, institutional investors, venture capitalists, and more.","tags":[{"id":37,"name":"business","created_at":"2021-06-15T00:05:23.579Z","updated_at":"2021-06-15T00:05:23.579Z"},{"id":49,"name":"venture capital","created_at":"2021-06-15T00:05:23.835Z","updated_at":"2021-06-15T00:05:23.835Z"},{"id":107,"name":"finance","created_at":"2021-06-15T00:05:25.285Z","updated_at":"2021-06-15T00:05:25.285Z"}],"url":"https://www.execsum.co/","web_theme":{"primary_color":"#001585","text_on_primary_color":"#FFFFFF","secondary_color":"#F9FAFB","text_on_secondary_color":"#030712","tertiary_color":"#FFFFFF","text_on_tertiary_color":"#222222","background_color":"#FFFFFF","text_on_background_color":"#222222","subscribe_background_color":"#FFFFFF","text_on_subscribe_background_color":"#222222","subscribe_theme":"light","content_theme":"light","border_style":"round","border_radius":"8px","header_font":"Roboto","body_font":"Roboto","button_font":"Roboto","logo_shadow":"md","name":null,"purpose":"web","owner_id":"f2aedf85-682c-47c2-8ad0-f44433524834"},"cta_text":"Subscribe 馃敟","copyright_text":"","noindex_enabled":false,"double_opt_required":false,"premium_enabled":false,"premium_offering_name":"Premium Membership","premium_summary":"","premium_features":[],"stripe_user_id":"acct_1Hzlj9ENMCWoN6by","facebook_url":"","instagram_url":"https://www.instagram.com/exec.sum","linkedin_url":"https://www.linkedin.com/company/litquidity","tiktok_url":"","twitter_url":"https://www.twitter.com/exec_sum","youtube_url":"","discord_url":null,"threads_url":null,"tiktok_pixel":"CABP05JC77U9LQHLPNDG","facebook_pixel":"5096411673800309","google_analytics_4_pixel":"","twitter_pixel":"","google_analytics_pixel":"UA-185800001-9","gtm_pixel":"","gsc_verification_code":null,"post_subscribe_form_id":"5e0b90b7-1bd9-44c2-a80e-22349a6a9748","post_unsubscribe_form_id":null,"email_sender_name":"Exec Sum - Litquidity","render_authors_widget":false,"render_breadcrumbs":true,"render_pagination":true,"enable_cookie_banner":null,"enable_signup_confirmation":null,"terms_of_service":null,"has_referral_program":true,"has_recommendations":true,"beehiiv_branding":false,"has_polls":true,"stripe_payment_method_domain_enabled":true,"has_pages":true,"language":"en","configured_domain":"www.execsum.co","has_live_web_posts":true,"has_web_builder_v2":true,"has_landing_pages":true,"has_upgrade_page":true,"has_subscriber_preferences":true,"has_subscription_password":true,"private":false,"require_subscriber_approval":false,"subscriber_tax_id_collection_enabled":false,"thumbnail":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png"},"web_template":{"id":9618,"theme":"default","post_padding":"20px","enable_featured_post_badges":false,"enable_recommended_reading":true,"enable_customize_category_ids":false,"enable_recommendations":true,"enable_recaptcha":true,"category_ids":[],"signup_flow":[{"id":1,"title":"Recommendations Page","href":"/subscribe?recommendations=true","managed_type":"recommendations","enabled":true,"full_url":"https://www.execsum.co/subscribe?recommendations=true","action_text":"Remove","modal_header":"Remove any recommendations or boosts first!","modal_body":"To remove this page from your subscribe flow, you will need to make sure you have removed any active recommendations or boosts you currently have set up.","page_message":""},{"id":2,"title":"Exec Sum's Post Subscription Form","href":"/forms/5e0b90b7-1bd9-44c2-a80e-22349a6a9748","managed_type":"survey","enabled":true,"full_url":"https://www.execsum.co/forms/5e0b90b7-1bd9-44c2-a80e-22349a6a9748","action_text":"Remove","modal_header":"Remove Survey","modal_body":"This will remove the survey that users see after subscribing. You can always add it back later.","page_message":""},{"id":3,"title":"Upgrade Page","href":"/upgrade","managed_type":"upgrade","enabled":false,"full_url":"https://www.execsum.co/upgrade","action_text":"Remove","modal_header":"Remove Upgrade Redirect","modal_body":"This will remove the Upgrade Page from the subscribe flow. Not to worry, the Upgrade Page will still be live and available on your site and you can always add it back to the subscribe flow later.","page_message":""},{"id":4,"title":"Multi Pubs","href":"/publications","managed_type":"publications","enabled":false,"full_url":"https://www.execsum.co/publications","action_text":"Remove","modal_header":"Remove Multi Publications","modal_body":"This will remove Multi Publications from the subscribe flow. Not to worry, the page will still be live and available on your site and you can always add it back to the subscribe flow later.","page_message":""},{"id":5,"title":"Home Page","href":"","managed_type":"custom","enabled":false,"full_url":"","action_text":"Remove","modal_header":"Remove Custom Redirect","modal_body":"This will remove the custom redirect. When users complete the subscribe flow they will now be sent to the default home page. You can always add this back later.","page_message":""}],"multi_pub_ids":[],"author_ids":["2e8f4f5d-5856-4463-ad71-a48cbba10c7a"],"signup_flow_messaging":{"success_message":"","subscribe_survey_message":"","upgrade_message":"","recommendations_message":"","multi_pubs_message":""},"logged_subscribe_form":true,"signup_flow_avatar_url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png","external_upgrade_page_href":null,"comments_ordering":"desc","notifications_enabled":false,"pwa_enabled":true,"web_theme":{"color_primary":"#001585","color_text_on_primary":"#FFFFFF","color_secondary":"#F9FAFB","color_text_on_secondary":"#030712","color_background":"#FFFFFF","color_border":"#E5E7EB","color_link":"#001585","color_overline_text":"#001585","color_heading":"#222222","color_body":"#222222","color_underline_text":"#222222","shadow":"md","radius":"lg","font_header":"Roboto","font_body":"Roboto","font_button":"Roboto","navbar_template":"template-1","navbar_background_color":"#F4F4F4","navbar_text_color":"#222222","navbar_button_primary_background_color":"#001585","navbar_button_primary_text_color":"#FFFFFF","navbar_button_primary_border_color":"#001585","navbar_button_primary_shadow":"","navbar_button_secondary_background_color":"#F9FAFB","navbar_button_secondary_text_color":"#030712","navbar_button_secondary_border_color":"#E5E7EB","navbar_button_secondary_shadow":"","navbar_login_button_desktop_enabled":true,"navbar_font_family":"Roboto","navbar_logo_width":"14px","subscribe_widget_template":"template-2","subscribe_widget_button_background_color":"#001585","subscribe_widget_button_border_color":null,"subscribe_widget_button_text_color":"#FFFFFF","subscribe_widget_font_family":"Roboto","subscribe_widget_button_font_family":"Roboto","subscribe_widget_border_enabled":true,"subscribe_widget_email_icon_enabled":false,"subscribe_widget_border_color":"#001585","subscribe_widget_body_color":"#111827","subscribe_widget_cta_text":"Subscribe","subscribe_widget_placeholder_text":"Enter Your Email","post_page_background_color":"#FFFFFF","post_page_text_color":"#222222","posts_home_page_header_style":"default","post_background_fill_enabled":true,"post_background_color":"#FFFFFF","post_border_radius":"lg","post_border_color":"#E5E7EB","post_content_tags_enabled":true,"post_content_tags_background_color":"#082F49","post_content_tags_text_color":"#F9FAFB","post_insights_likes_comments_enabled":true,"post_insights_time_fields_enabled":true,"post_insights_color":"#001585","post_premium_badge_background_color":"#D1D5DB","post_premium_badge_text_color":"#030712","post_heading_font_family":"Roboto","post_heading_font_color":"#222222","post_description_font_family":"Roboto","post_description_font_color":"#222222","post_authors_font_color":"#001585","post_authors_show_image":true,"footer_background_color":"#F4F4F4","footer_text_color":"#222222","footer_logo_width":"100","footer_external_link_color":null,"footer_external_link_underline_color":null,"subscribe_widget_text_color":"#FFFFFF"},"global_fonts":["https://fonts.googleapis.com/css2?family=Roboto\u0026display=swap"],"nav_groups":[{"id":"8f7ee2d5-7d21-44af-8f40-7983c1585f3d","title":"Buy My Time","managed":false,"is_category_group":false,"nav_links":[{"id":"80e72d14-8f52-4575-86f9-9983c92dc351","cta_text":"Buy My Time","href":"https://calendly.com/litquidity","external_link":true}]},{"id":"22846a35-88bf-4051-afbd-c0478fa60989","title":"Merch Store","managed":false,"is_category_group":false,"nav_links":[{"id":"928451ca-eb70-4153-819e-bdc0997270a9","cta_text":"Merch Store","href":"https://shop.litquidity.co/","external_link":true}]}]},"logo":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/Screen_Shot_2021-11-12_at_12.05.03_AM.png","thumb":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png"}},"content_tags":[],"authors":[{"id":"e6050919-1e1d-423f-b3b9-353ee1f0b917","name":"Olivia Curry","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}},{"id":"a58f2284-2bb0-494e-ba5c-977817f36d1a","name":"Aadil Khan","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}},{"id":"321b3fe6-beab-4f94-96fd-6b8417c1367e","name":"G B","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}}],"rss_feeds":[{"id":"7f691263-4c80-47df-a8a6-b9e28a64b32d","slug":"iH9DsaNnv0","url":"https://rss.beehiiv.com/feeds/iH9DsaNnv0.xml"}]},"rootStyles":":root {\n --wt-primary-color: #001585;\n --wt-text-on-primary-color: #FFFFFF;\n\n --wt-secondary-color: #F9FAFB;\n --wt-text-on-secondary-color: #030712;\n\n --wt-tertiary-color: #FFFFFF;\n --wt-text-on-tertiary-color: #222222;\n\n --wt-background-color: #FFFFFF;\n --wt-text-on-background-color: #222222;\n\n --wt-subscribe-background-color: #FFFFFF;\n --wt-text-on-subscribe-background-color: #222222;\n\n --wt-header-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto,\"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-body-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-button-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n\n --wt-border-radius: 8px\n}\n\n.bg-wt-primary { background-color: var(--wt-primary-color); }\n.text-wt-primary { color: var(--wt-primary-color); }\n.border-wt-primary { border-color: var(--wt-primary-color); }\n\n.bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); }\n.text-wt-text-on-primary { color: var(--wt-text-on-primary-color); }\n.border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); }\n\n.bg-wt-secondary { background-color: var(--wt-secondary-color); }\n.text-wt-secondary { color: var(--wt-secondary-color); }\n.border-wt-secondary { border-color: var(--wt-secondary-color); }\n\n.bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); }\n.text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); }\n.border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); }\n\n.bg-wt-tertiary { background-color: var(--wt-tertiary-color); }\n.text-wt-tertiary { color: var(--wt-tertiary-color); }\n.border-wt-tertiary { border-color: var(--wt-tertiary-color); }\n\n.bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); }\n.text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); }\n.border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); }\n\n.bg-wt-background { background-color: var(--wt-background-color); }\n.text-wt-background { color: var(--wt-background-color); }\n.border-wt-background { border-color: var(--wt-background-color); }\n\n.bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); }\n.text-wt-text-on-background { color: var(--wt-text-on-background-color); }\n.border-wt-text-on-background { border-color: var(--wt-text-on-background-color); }\n\n.bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); }\n.text-wt-subscribe-background { color: var(--wt-subscribe-background-color); }\n.border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); }\n\n.bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); }\n.text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); }\n.border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); }\n\n.rounded-wt { border-radius: var(--wt-border-radius); }\n\n.wt-header-font { font-family: var(--wt-header-font); }\n.wt-body-font { font-family: var(--wt-body-font); }\n.wt-button-font { font-family: var(--wt-button-font); }\n\ninput:focus { --tw-ring-color: transparent !important; }\n\nli a { word-break: break-word; }\n\n@media only screen and (max-width:667px) {\n .mob-stack {\n display: block !important;\n width: 100% !important;\n }\n\n .mob-w-full {\n width: 100% !important;\n }\n}\n\n","isLoggedIn":false,"admin":null,"subscription":null,"isProdEnv":true,"facebookAppId":"1932054120322754","currentPath":"/p/hard-landing-in-hindsight","hasWebBuilderV2":true,"webThemev2":{"color_primary":"#001585","color_text_on_primary":"#FFFFFF","color_secondary":"#F9FAFB","color_text_on_secondary":"#030712","color_background":"#FFFFFF","color_border":"#E5E7EB","color_link":"#001585","color_overline_text":"#001585","color_heading":"#222222","color_body":"#222222","color_underline_text":"#222222","shadow":"md","radius":"lg","font_header":"Roboto","font_body":"Roboto","font_button":"Roboto","navbar_template":"template-1","navbar_background_color":"#F4F4F4","navbar_text_color":"#222222","navbar_button_primary_background_color":"#001585","navbar_button_primary_text_color":"#FFFFFF","navbar_button_primary_border_color":"#001585","navbar_button_primary_shadow":"","navbar_button_secondary_background_color":"#F9FAFB","navbar_button_secondary_text_color":"#030712","navbar_button_secondary_border_color":"#E5E7EB","navbar_button_secondary_shadow":"","navbar_login_button_desktop_enabled":true,"navbar_font_family":"Roboto","navbar_logo_width":"14px","subscribe_widget_template":"template-2","subscribe_widget_button_background_color":"#001585","subscribe_widget_button_border_color":null,"subscribe_widget_button_text_color":"#FFFFFF","subscribe_widget_font_family":"Roboto","subscribe_widget_button_font_family":"Roboto","subscribe_widget_border_enabled":true,"subscribe_widget_email_icon_enabled":false,"subscribe_widget_border_color":"#001585","subscribe_widget_body_color":"#111827","subscribe_widget_cta_text":"Subscribe","subscribe_widget_placeholder_text":"Enter Your Email","post_page_background_color":"#FFFFFF","post_page_text_color":"#222222","posts_home_page_header_style":"default","post_background_fill_enabled":true,"post_background_color":"#FFFFFF","post_border_radius":"lg","post_border_color":"#E5E7EB","post_content_tags_enabled":true,"post_content_tags_background_color":"#082F49","post_content_tags_text_color":"#F9FAFB","post_insights_likes_comments_enabled":true,"post_insights_time_fields_enabled":true,"post_insights_color":"#001585","post_premium_badge_background_color":"#D1D5DB","post_premium_badge_text_color":"#030712","post_heading_font_family":"Roboto","post_heading_font_color":"#222222","post_description_font_family":"Roboto","post_description_font_color":"#222222","post_authors_font_color":"#001585","post_authors_show_image":true,"footer_background_color":"#F4F4F4","footer_text_color":"#222222","footer_logo_width":"100","footer_external_link_color":null,"footer_external_link_underline_color":null,"subscribe_widget_text_color":"#FFFFFF"},"signupWidgetConfigs":{"template":"template-2","buttonBgColor":"#001585","buttonTextColor":"#FFFFFF","fontFamily":"Roboto","buttonFontFamily":"Roboto","buttonText":"Subscribe","placeholderBgColor":"#F9FAFB","placeholderText":"Enter Your Email","borderEnabled":true,"borderColor":"#001585","emailIconEnabled":false,"bodyTextColor":"#111827"},"isInitialLoadFromSwarm":false,"showLoggedInToast":false,"hostName":"www.execsum.co","SENTRY_RELEASE":"db8f2fb594c411189813cd3fd7424600a837ab21","sentryTrace":"2a3cc25a7a604eda869dc7ac81de0135-d826cf867e8cd0fc-0","sentryBaggage":"sentry-environment=production,sentry-release=db8f2fb594c411189813cd3fd7424600a837ab21,sentry-public_key=ffe2653c51aab60de49dce9ec5df09a6,sentry-trace_id=2a3cc25a7a604eda869dc7ac81de0135,sentry-sampled=false","remixVersion":2},"routes/p/$slug":{"post":{"id":"a542286c-061c-4ff6-8015-5eea490477a9","publication_id":"f2aedf85-682c-47c2-8ad0-f44433524834","web_title":"Hard landing 'in hindsight'","web_subtitle":"US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.","web_audiences":"free","status":"published","override_scheduled_at":"2024-08-22T10:45:00.000Z","slug":"hard-landing-in-hindsight","image_url":"https://beehiiv-images-production.s3.amazonaws.com/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png","meta_default_title":"Hard landing 'in hindsight'","meta_default_description":"US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.","meta_og_title":"Hard landing 'in hindsight'","meta_og_description":"US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.","meta_twitter_title":"Hard landing 'in hindsight'","meta_twitter_description":"US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.","audience":"free","comments_enabled":true,"comments_state":"default","enforce_gated_content":false,"enable_popup_on_scroll":false,"email_capture_title":"Subscribe to keep reading","email_capture_message":"This content is free, but you must be subscribed to Exec Sum to continue reading.","email_capture_cta":"Subscribe","paywall_id":null,"authors":[{"id":"2e8f4f5d-5856-4463-ad71-a48cbba10c7a","name":"Litquidity Capital","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/litcap.jpg","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg"},"landscape":{"url":"https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/landscape_litcap.jpg"}}}],"content_tags":[],"created_at":"2024-08-17T16:39:55Z","updated_at":"2024-08-22T10:45:07Z","html":"\u003c!DOCTYPE html\u003e\u003chtml\u003e\u003chead\u003e\u003clink href='https://fonts.gstatic.com' rel='preconnect'\u003e\u003clink href='https://fonts.googleapis.com/css2?family=Roboto\u0026display=swap' rel='stylesheet'\u003e\u003clink href='https://fonts.googleapis.com/css2?family=Roboto\u0026display=swap' rel='stylesheet'\u003e\u003clink href='https://fonts.googleapis.com/css2?family=Roboto\u0026display=swap' rel='stylesheet'\u003e\u003cstyle type='text/css'\u003e\n:root {\n --wt-primary-color: #001585;\n --wt-text-on-primary-color: #FFFFFF;\n\n --wt-secondary-color: #F9FAFB;\n --wt-text-on-secondary-color: #030712;\n\n --wt-tertiary-color: #FFFFFF;\n --wt-text-on-tertiary-color: #222222;\n\n --wt-background-color: #FFFFFF;\n --wt-text-on-background-color: #222222;\n\n --wt-subscribe-background-color: #FFFFFF;\n --wt-text-on-subscribe-background-color: #222222;\n\n --wt-header-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto,\"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-body-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-button-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n\n --wt-border-radius: 8px\n}\n\n.bg-wt-primary { background-color: var(--wt-primary-color); }\n.text-wt-primary { color: var(--wt-primary-color); }\n.border-wt-primary { border-color: var(--wt-primary-color); }\n\n.bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); }\n.text-wt-text-on-primary { color: var(--wt-text-on-primary-color); }\n.border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); }\n\n.bg-wt-secondary { background-color: var(--wt-secondary-color); }\n.text-wt-secondary { color: var(--wt-secondary-color); }\n.border-wt-secondary { border-color: var(--wt-secondary-color); }\n\n.bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); }\n.text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); }\n.border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); }\n\n.bg-wt-tertiary { background-color: var(--wt-tertiary-color); }\n.text-wt-tertiary { color: var(--wt-tertiary-color); }\n.border-wt-tertiary { border-color: var(--wt-tertiary-color); }\n\n.bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); }\n.text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); }\n.border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); }\n\n.bg-wt-background { background-color: var(--wt-background-color); }\n.text-wt-background { color: var(--wt-background-color); }\n.border-wt-background { border-color: var(--wt-background-color); }\n\n.bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); }\n.text-wt-text-on-background { color: var(--wt-text-on-background-color); }\n.border-wt-text-on-background { border-color: var(--wt-text-on-background-color); }\n\n.bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); }\n.text-wt-subscribe-background { color: var(--wt-subscribe-background-color); }\n.border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); }\n\n.bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); }\n.text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); }\n.border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); }\n\n.rounded-wt { border-radius: var(--wt-border-radius); }\n\n.wt-header-font { font-family: var(--wt-header-font); }\n.wt-body-font { font-family: var(--wt-body-font); }\n.wt-button-font { font-family: var(--wt-button-font); }\n\ninput:focus { --tw-ring-color: transparent !important; }\n\nli a { word-break: break-word; }\n\n@media only screen and (max-width:667px) {\n .mob-stack {\n display: block !important;\n width: 100% !important;\n }\n\n .mob-w-full {\n width: 100% !important;\n }\n}\n\n\u003c/style\u003e\u003cscript async id='tiktok-script' src='https://www.tiktok.com/embed.js' type='text/javascript'\u003e\u003c/script\u003e\u003cscript async defer id='twitter-wjs' src='https://platform.twitter.com/widgets.js' type='text/javascript'\u003e\u003c/script\u003e\u003cstyle\u003e\n .table-base, .table-c, .table-h { border: 1px solid #C0C0C0; }\n .table-c { padding:5px; background-color:#FFFFFF; }\n .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; }\n .table-h { padding:5px; background-color:#F1F1F1; }\n .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; }\n\u003c/style\u003e\u003c/head\u003e\u003cbody class='bg-wt-background' style='color: var(--wt-text-on-background-color) !important;'\u003e\u003cdiv class='rendered-post' style='max-width: 672px; margin: 0 auto;'\u003e\u003cdiv class='bg-wt-background text-wt-text-on-background'\u003e\u003cdiv style='padding-top:1.5rem; padding-bottom:1.5rem;'\u003e\u003cstyle\u003e\n .bh__byline_wrapper {\n font-size: .875rem;\n line-height: 1.25rem;\n vertical-align: middle;\n justify-content: space-between;\n display: block;\n }\n \n .bh__byline_social_wrapper {\n display: flex;\n margin-top: 0.5rem;\n align-items: center;\n }\n \n .bh__byline_social_wrapper \u003e * + * {\n margin-left: 1rem;\n }\n \n @media (min-width: 768px) {\n .bh__byline_wrapper {\n display: flex;\n }\n \n .bh__byline_social_wrapper {\n margin-top: 0rem;\n }\n }\n\u003c/style\u003e\u003cdiv id='web-header' style='padding-left: 20px; padding-right: 20px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;'\u003e\u003ch1 style='font-size: 36px; font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;'\u003eHard landing \u0026#39;in hindsight\u0026#39;\u003c/h1\u003e\u003ch2 style='font-size: 20px; font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;'\u003eUS job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset\u0026#39;s CIO is under investigation, and Walmart sold its entire JD.com stake.\u003c/h2\u003e\u003cdiv class='bh__byline_wrapper'\u003e\u003cdiv\u003e\u003cdiv style='display:flex;'\u003e\u003cdiv style='display:flex; flex-direction:row; justify-content:flex-start;'\u003e\u003cdiv style='display:flex;'\u003e\u003cimg alt='Author' height='40' src='https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg' style='height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;' width='40'\u003e\u003c/div\u003e\u003cdiv style='display:flex; align-items:center;'\u003e\u003cp style='left:8px;position:relative;font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;'\u003e\u003cspan\u003e\u003ca href=\"https://www.execsum.co/authors/2e8f4f5d-5856-4463-ad71-a48cbba10c7a\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eLitquidity Capital\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class='text-wt-text-on-background' style='opacity:0.75;'\u003e August 22, 2024 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class='bh__byline_social_wrapper'\u003e\u003ca href='https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 212 212' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='106.214' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://twitter.com/intent/tweet?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.\u0026url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\u0026via=litcapital' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 52 52' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='26' cy='26' fill-opacity='0.15' fill='#9CA3AF' r='26'\u003e\u003c/circle\u003e\u003cpath d='M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z' fill='#BAC2CE' transform='translate(14,14)'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://www.threads.net/intent/post?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.+https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 211 211' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='105.5' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 211 211' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='105.5' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id='content-blocks'\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:23%;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/310ff4c8-31aa-49c5-8a6d-bdc88e70d167/image.png?t=1724301984\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset\u0026#39;s CIO is under investigation, and Walmart sold its entire JD.com stake. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Check out our new opportunity with \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic Digital Mining Fund\u003c/a\u003e, an exciting entryway investment into the digital asset space. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let\u0026#39;s dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://forms.gle/avC7V9tJseG6P39Q9\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:75%;border-radius:0px 0px 0px 0px;border-style:solid;border-width:0px 0px 0px 0px;box-sizing:border-box;border-color:#E5E7EB;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/74cf1ad5-57ba-44c3-9546-cd89e7129556/Partner_with_us_logo_FINAL_V3.png?t=1722407247\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/59650221-b05d-4fa6-a5cb-70b0c46aa26b/image.png?t=1724297801\"/\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 08/21/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks rose after encouraging Fed minutes reinforced hopes for imminent rate cuts \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Markets priced in a 66% chance of a 25 bps September rate cut and 33% chance of a 50 bps cut \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dollar hit a YTD low \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro is now second-best performing major currency vs dollar YTD聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTarget \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ejumped 11% after beating Q2 earnings and revenue estimates with a return to growth and raising its FY profit forecast as price cuts lure shoppers (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/target-tgt-q2-2024-earnings.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eMacy\u0026#39;s\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled 12% despite beating Q2 earnings estimates due to cutting its FY sales forecast as shoppers become more selective (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/macys-m-q2-2024-earnings.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we\u0026#39;re watching this week:聽聽\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTD Bank Group\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e, \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eCava\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Minutes reveal Fed steaming towards September rate cut (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-treasurys-ahead-of-fed-meeting-minutes-release.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US job growth was revised down by the most since 2009 (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-job-growth-revised-down-by-the-most-since-2009-why-this-time-is-different.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China central bank is battling against record-low yields (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/investing/china-says-please-stop-buying-our-bonds-70990bad\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China lending hit a fifteen-year low (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/16/china-new-loans-july.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Global investors are piling into Chinese bank bonds (\u003ca class=\"link\" href=\"https://www.ft.com/content/bfb5be35-b1c0-4ad3-8816-f8877e5da17f\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e EM Asia bonds and Treasuries correlations are rising again(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/malaysian-bonds-set-to-gain-most-in-em-asia-from-treasury-rally?srnd=phx-markets\u0026embedded-checkout=true\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro currency emerges a winner from market turmoil (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/currencies/euro-now-safer-bet-emerges-winner-market-turmoil-2024-08-21/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BlackRock support for ESG measures hit a new low (\u003ca class=\"link\" href=\"https://www.ft.com/content/2fbd12f2-a2e1-4fa7-ba63-7344ab274b4f\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Western Asset Management CIO leaves role amid US investigation (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/western-asset-s-ken-leech-takes-leave-of-absence-amid-sec-probe\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Disney tasked Morgan Stanley\u0026#39;s James Gorman to lead CEO search (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/walt-disney-tasks-board-member-gorman-lead-panel-ceo-search-2024-08-21/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PwC is expecting a six-month ban in China (\u003ca class=\"link\" href=\"https://www.ft.com/content/6e165676-30b1-4567-8cb1-647c15bb015d\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e MSCI axed dozens more Chinese stocks for third-straight quarter (\u003ca class=\"link\" href=\"https://www.ft.com/content/849bd1e6-3adc-4867-b417-ca52dc64520c\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e TD Bank set aside $2.6B more for US regulatory penalties (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/td-bank-says-continuing-pursue-resolution-anti-money-laundering-probe-2024-08-21/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e OpenAI is letting clients train its GPT (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/openai-to-let-companies-customize-its-most-powerful-ai-model?sref=Ptu9QECN\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e YouTube partnered with Shopify to take on TikTok Shop (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/youtube-takes-on-tiktok-shop-with-expanded-shopify-partnership/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Shein sued Temu for copyright infringement (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/20/shein-sues-temu-over-copyright-infringement-trade-secret-theft.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK closed competition probes into Google and Apple app stores (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/u-k-authority-closes-competition-probes-into-google-apple-app-stores-612decd3?mod=tech_lead_story\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Ford shrinks EV rollout plans as demand lags (\u003ca class=\"link\" href=\"https://www.wsj.com/business/autos/ford-cancels-plans-for-electric-suv-44817367?mod=hp_lead_pos3\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Tim Walz accepted the Democratic VP nomination (\u003ca class=\"link\" href=\"https://www.axios.com/2024/08/22/tim-walz-dnc-2024-harris\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAX\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-chicago-atlantic\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Chicago Atlantic\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/2cc3a187-c8f8-480f-b213-e81301d0c61f/image.png?t=1724301974\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ci\u003e\u003cb\u003eBeyond Bitcoin\u003c/b\u003e\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e We\u0026#39;re \u003ca class=\"link\" href=\"https://www.chicagoatlantic.com/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic\u003c/a\u003e, an alternative investment management firm with over $1.7 billion in assets under management. Our approach capitalizes on niche strategies where demand for capital exceeds traditional supply. We serve institutions, family offices and private clients. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Today, in partnership with Exec Sum, we\u0026#39;ve opened our new \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eDigital Mining Fund\u003c/a\u003e to all accredited investors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhat\u0026#39;s the Opportunity?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e A de-risked investment in the crypto space with monthly cash flow distributions, tax depreciation benefits, attractive returns and potential capital appreciation. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Since inception, we have distributed annualized returns of 36 percent. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhy Invest?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Infrastructure for miners is in high demand. With the Digital Mining Fund, you are investing in real assets with bonus depreciation and in data center infrastructure with significant electrical power availability and applications beyond the crypto landscape. These investments in a fund structure offer less volatility and higher potential for growth than simply buying and holding Bitcoin. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWant to Learn More?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Submit your interest \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e and a Chicago Atlantic advisor will share the opportunity. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026utm_medium=landing-page-1\u0026utm_campaign=investment-1\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e I\u0026#39;m Interested \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Media investor \u003cspan style=\"\"\u003e\u003cb\u003eEdgar Bronfman Jr.\u003c/b\u003e\u003c/span\u003e raised his offer to take control of \u003cspan style=\"\"\u003e\u003cb\u003eParamount Global \u003c/b\u003e\u003c/span\u003efrom $4.3B to $6B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bronfman-raises-offer-for-paramount-global-to-6-billion?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Coal miners \u003cspan style=\"\"\u003e\u003cb\u003eArch Resources\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003eConsol Energy\u003c/b\u003e\u003c/span\u003e agreed to combine in an all-stock merger to create a $5.2B entity \u003cspan style=\"\"\u003e\u003cb\u003eCore Natural Resources \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/energy-oil/coal-miners-arch-consol-agree-to-merger-of-equals-5f9ea0e9?mod=deals_news_article_pos1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cb\u003eJapan Tobacco\u003c/b\u003e will buy discount cigarette maker \u003cspan style=\"\"\u003e\u003cb\u003eVector \u003c/b\u003e\u003c/span\u003efor $2.4B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/jt-group-to-buy-cigarette-maker-vector-of-us-for-2-4-billion?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Natural gas company \u003cspan style=\"\"\u003e\u003cb\u003eOvintiv\u003c/b\u003e\u003c/span\u003e is considering a possible sale of its operations in the Uinta Basin, which could fetch $2B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ovintiv-said-to-explore-sale-of-oil-operations-in-uinta-basin?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e A group led by \u003cspan style=\"\"\u003e\u003cb\u003eKKR \u003c/b\u003e\u003c/span\u003eand Japanese real estate company \u003cspan style=\"\"\u003e\u003cb\u003eHulic \u003c/b\u003e\u003c/span\u003emade a $2B bid to acquire Tokyo skyscraper \u003cspan style=\"\"\u003e\u003cb\u003eShiodome City Center\u003c/b\u003e\u003c/span\u003e from Singapore\u0026#39;s \u003cspan style=\"\"\u003e\u003cb\u003eGIC \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/kkr-hulic-bid-2-billion-for-gic-s-central-tokyo-skyscraper?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGoldman Sachs\u003c/b\u003e\u003c/span\u003e\u0026#39; infrastructure arm, \u003cspan style=\"\"\u003e\u003cb\u003eWren House Infrastructure\u003c/b\u003e\u003c/span\u003e, and \u003cspan style=\"\"\u003e\u003cb\u003eIgneo Infrastructure Partners\u003c/b\u003e\u003c/span\u003e are among shortlisted firms bidding for Spanish data center operator \u003cspan style=\"\"\u003e\u003cb\u003eNabiax\u003c/b\u003e\u003c/span\u003e, which could fetch $1.1B or more (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/goldman-wren-house-are-said-to-be-shortlisted-in-nabiax-sale?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Japanese steelmakers \u003cspan style=\"\"\u003e\u003cb\u003eNippon Steel \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eJFE Steel \u003c/b\u003e\u003c/span\u003ewill acquire a 30% total stake in \u003cspan style=\"\"\u003e\u003cb\u003eWhitehaven Coal\u003c/b\u003e\u003c/span\u003e鈥檚 Blackwater metallurgical coal mine in a $1.1B deal (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/whitehaven-coal-to-sell-stake-in-blackwater-for-1-08-billion?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOaktree Capital\u003c/b\u003e\u003c/span\u003e is in exclusive talks to acquire a majority stake in two units of \u003cspan style=\"\"\u003e\u003cb\u003eB. Riley Financial\u003c/b\u003e\u003c/span\u003e in a deal worth up to $380M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/oaktree-said-in-talks-to-buy-majority-stake-in-b-riley-s-great-american-group?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Indian delivery company\u003cspan style=\"\"\u003e\u003cb\u003e Zomato\u003c/b\u003e\u003c/span\u003e agreed to buy Indian fintech \u003cspan style=\"\"\u003e\u003cb\u003ePaytm\u003c/b\u003e\u003c/span\u003e\u0026#39;s movie and events ticketing business for $244M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/zomato-to-buy-paytm-s-movie-ticketing-business-for-244-million?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBlackstone\u003c/b\u003e\u003c/span\u003e is in talks to acquire the \u003cspan style=\"\"\u003e\u003cb\u003eHyatt Regency Clearwater Beach Resort and Spa\u003c/b\u003e\u003c/span\u003e in Florida from \u003cspan style=\"\"\u003e\u003cb\u003eWestern Hospitality \u003c/b\u003e\u003c/span\u003efor ~$200M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/blackstone-is-said-to-near-purchase-of-hyatt-clearwater-beach?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin miner \u003cspan style=\"\"\u003e\u003cb\u003eBitfarms\u003c/b\u003e\u003c/span\u003e agreed to acquire \u003cspan style=\"\"\u003e\u003cb\u003eStronghold Digital Mining\u003c/b\u003e\u003c/span\u003e for ~$125M in stock (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bitcoin-miner-bitfarms-in-talks-to-acquire-stronghold-in-all-stock-deal?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom tower operator \u003cspan style=\"\"\u003e\u003cb\u003eIHS Towers \u003c/b\u003e\u003c/span\u003eis exploring a potential sale of its Rwanda and Zambia businesses (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ihs-is-said-to-mull-sale-of-tower-businesses-in-rwanda-zambia?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK transport company \u003cspan style=\"\"\u003e\u003cb\u003eMobico \u003c/b\u003e\u003c/span\u003elaunched a sale of its North American school bus business (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/europe/uk-transport-group-mobicos-h1-profit-jumps-28-higher-demand-pricing-2024-08-21/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGrafana Labs\u003c/b\u003e\u003c/span\u003e, an open-source data analysis startup, raised a $270M Series D extension at a $6B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eLightspeed Venture Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/grafana-labs-is-now-valued-at-6b/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blockchain-based IP platform \u003cspan style=\"\"\u003e\u003cb\u003eStory\u003c/b\u003e\u003c/span\u003e raised an $83M round at a $2.25B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z crypto\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/story-raises-83m-at-a-2-25b-valuation-to-build-a-blockchain-for-the-business-of-content-ip-in-the-age-of-ai/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Military staff workflow platform \u003cspan style=\"\"\u003e\u003cb\u003eOnebrief\u003c/b\u003e\u003c/span\u003e raised a $53M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eHuman Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821391951/en/Onebrief-Secures-53M-to-Build-the-Future-of-Military-Staffs/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Asteroid mining startup \u003cspan style=\"\"\u003e\u003cb\u003eAstroForge\u003c/b\u003e\u003c/span\u003e raised a $40M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eNova Threshold\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/astroforge-raises-40m-in-series-a-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e VRM company\u003cspan style=\"\"\u003e聽\u003c/span\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAdmiral\u003c/b\u003e\u003c/span\u003e raised $19M in growth equity and debt led by \u003cspan style=\"\"\u003e\u003cb\u003eHarbert Growth Partners\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/admiral-raises-19m-in-new-funding-led-by-harbert-growth-partners-bringing-total-to-28m-to-protect-the-free-internet-one-publisher-at-a-time-302227605.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLettuce Financial\u003c/b\u003e\u003c/span\u003e, an automated accounting and tax solution for solopreneurs, raised a $15M Series A led by\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eZeev Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/lettuce-financial-closes-15m-series-a-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEfficient Capital Labs\u003c/b\u003e\u003c/span\u003e, a provider of non-dilutive capital to B2B SaaS firms, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eQED Investors\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003eand\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e645 Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821807861/en/Efficient-Capital-Labs-Raises-11-Million-in-Series-A-Funding-to-Expand-Cross-Border-Revenue-Based-Financing/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgrizy\u003c/b\u003e\u003c/span\u003e, an Indian B2B agri-processing platform, raised a $9.8M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAccion\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003eand\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOmnivore\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/agrizy-raises-9-8m-in-series-a-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSkyfire Systems\u003c/b\u003e\u003c/span\u003e, a payment network for AI agents, raised $8.5M from \u003cspan style=\"\"\u003e\u003cb\u003eNeuberger Berman\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrevan Howard Digital\u003c/b\u003e\u003c/span\u003e, and more (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821247203/en/Introducing-Skyfire-Payment-Rails-for-AI/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spatial computing startup \u003cspan style=\"\"\u003e\u003cb\u003eVividQ\u003c/b\u003e\u003c/span\u003e raised a $7.5M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eForesight Group\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://tech.eu/2024/08/21/vividq-raises-7-5m-series-a-for-spatial-computing/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eEU\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Social commerce platform \u003cspan style=\"\"\u003e\u003cb\u003eSleekFlow\u003c/b\u003e\u003c/span\u003e raised a $7M round led by \u003cspan style=\"\"\u003e\u003cb\u003eAtinum Investment\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/omnichannel-platform-sleekflow-gets-7m-to-propel-expansion-ai-capabilities/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eWalmart\u003c/b\u003e\u003c/span\u003e sold its entire $3.6B stake in Chinese e-commerce firm\u003cspan style=\"\"\u003e\u003cb\u003e JD.com \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/walmart-is-seeking-up-to-3-74-billion-in-sale-of-jd-com-stake?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eNordic Capital \u003c/b\u003e\u003c/span\u003eis exploring options including an IPO for Scandinavian consumer finance lender \u003cspan style=\"\"\u003e\u003cb\u003eNOBA\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/nordic-capital-is-said-to-weigh-ipo-of-scandinavian-lender-noba?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGeneral Atlantic\u003c/b\u003e\u003c/span\u003e sold its entire stake in India\u0026#39;s \u003cspan style=\"\"\u003e\u003cb\u003ePNB Housing Finance\u003c/b\u003e\u003c/span\u003e for $127M (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/deals/general-atlantic-exits-indias-pnb-housing-127-mln-deal-2024-08-21/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Chinese autonomous driving company \u003cspan style=\"\"\u003e\u003cb\u003eWeRide\u003c/b\u003e\u003c/span\u003e postponed its US IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/china-s-weride-is-said-to-delay-us-ipo-just-as-deadline-nears?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrookfield \u003c/b\u003e\u003c/span\u003eis seeking $10.6B of debt from banks for its potential LBO of Spanish pharmaceutical producer \u003cspan style=\"\"\u003e\u003cb\u003eGrifols\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/brookfield-seeks-close-to-10-billion-debt-for-grifols-takeover\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Kamala Harris supports measures to expand the crypto industry (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says?srnd=phx-crypto\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Amid the recent market slump, Callie Cox wrote an interesting piece on \u003ca class=\"link\" href=\"https://www.optimisticallie.com/p/fear-makes-us-better-investors\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehow fear makes us better investors\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Joe Wiggins gave a great take on how we can improve our investment behavior by \u003ca class=\"link\" href=\"https://behaviouralinvestment.com/2024/08/20/stop-paying-attention/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003enot paying attention to stuff that doesn\u0026#39;t matter\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Check out Bloomberg\u0026#39;s storyline detailing how \u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/b-riley-s-rout-forces-reckoning-for-a-founder-s-labor-of-love?srnd=homepage-americas\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eB. Riley\u0026#39;s multibillion-dollar financial empire stumbled\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you\u0026#39;re currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it\u0026#39;s time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e GET HIRED \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"meme-cleanser\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eMeme Cleanser\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/concodanomics/status/1825452121677865373\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ccccd5c4-4bd8-4bee-be4a-2758176b851e/image.png?t=1724302341\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/netcapgirl/status/1826250016970961099\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b4d1cf66-5560-4418-92f9-75d56aed5718/image.png?t=1724303831\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/MadsCapital/status/1824085716252442773\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/21f94ea8-2820-48f2-80dd-5aaeef7d25d4/image.png?t=1724302405\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/avC7V9tJseG6P39Q9\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAdvertise with us\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://litquidity.co/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eVisit our merch store\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/Ukgywm3t79cqTSKA8\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eInvest alongside Lit Ventures\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://calendly.com/litquidity\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBook a call with Lit\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://www.beehiiv.com/?via=litquidity\u0026_ga=2.68091284.425865747.1655068082-1751285988.1638793928\u0026_gl=1*8md5w7*_gcl_au*NDIwODY2NjAyLjE2ODA3MDIwOTIuMTI3MDk0OTA2Ny4xNjg0NzI1NzYzLjE2ODQ3MjU3NjM.*_ga*NjA3NTUwNDEuMTY4MDcwMjA5Mg..*_ga_E6Y4WLQ2EC*MTY4NDg5NTkzOS4yOTguMS4xNjg0ODk3OTY3LjYwLjAuMA..\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLaunch your own newsletter\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/body\u003e\u003c/html\u003e","hide_premium_post":false,"contains_subscriber_break":false,"paywall_shown":false,"force_premium":false},"publication":{"id":"f2aedf85-682c-47c2-8ad0-f44433524834","name":"Exec Sum","description":"The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of memes. Read by 300K+ investment bankers, institutional investors, venture capitalists, and more.","tags":[{"id":37,"name":"business","created_at":"2021-06-15T00:05:23.579Z","updated_at":"2021-06-15T00:05:23.579Z"},{"id":49,"name":"venture capital","created_at":"2021-06-15T00:05:23.835Z","updated_at":"2021-06-15T00:05:23.835Z"},{"id":107,"name":"finance","created_at":"2021-06-15T00:05:25.285Z","updated_at":"2021-06-15T00:05:25.285Z"}],"url":"https://www.execsum.co/","web_theme":{"primary_color":"#001585","text_on_primary_color":"#FFFFFF","secondary_color":"#F9FAFB","text_on_secondary_color":"#030712","tertiary_color":"#FFFFFF","text_on_tertiary_color":"#222222","background_color":"#FFFFFF","text_on_background_color":"#222222","subscribe_background_color":"#FFFFFF","text_on_subscribe_background_color":"#222222","subscribe_theme":"light","content_theme":"light","border_style":"round","border_radius":"8px","header_font":"Roboto","body_font":"Roboto","button_font":"Roboto","logo_shadow":"md","name":null,"purpose":"web","owner_id":"f2aedf85-682c-47c2-8ad0-f44433524834"},"cta_text":"Subscribe 馃敟","copyright_text":"","noindex_enabled":false,"double_opt_required":false,"premium_enabled":false,"premium_offering_name":"Premium Membership","premium_summary":"","premium_features":[],"stripe_user_id":"acct_1Hzlj9ENMCWoN6by","facebook_url":"","instagram_url":"https://www.instagram.com/exec.sum","linkedin_url":"https://www.linkedin.com/company/litquidity","tiktok_url":"","twitter_url":"https://www.twitter.com/exec_sum","youtube_url":"","discord_url":null,"threads_url":null,"tiktok_pixel":"CABP05JC77U9LQHLPNDG","facebook_pixel":"5096411673800309","google_analytics_4_pixel":"","twitter_pixel":"","google_analytics_pixel":"UA-185800001-9","gtm_pixel":"","gsc_verification_code":null,"post_subscribe_form_id":"5e0b90b7-1bd9-44c2-a80e-22349a6a9748","post_unsubscribe_form_id":null,"email_sender_name":"Exec Sum - Litquidity","render_authors_widget":false,"render_breadcrumbs":true,"render_pagination":true,"enable_cookie_banner":null,"enable_signup_confirmation":null,"terms_of_service":null,"has_referral_program":true,"has_recommendations":true,"beehiiv_branding":false,"has_polls":true,"stripe_payment_method_domain_enabled":true,"has_pages":true,"language":"en","configured_domain":"www.execsum.co","has_live_web_posts":true,"has_web_builder_v2":true,"has_landing_pages":true,"has_upgrade_page":true,"has_subscriber_preferences":true,"has_subscription_password":true,"private":false,"require_subscriber_approval":false,"subscriber_tax_id_collection_enabled":false,"thumbnail":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/thumbnail/f2aedf85-682c-47c2-8ad0-f44433524834/landscape_Screen_Shot_2021-12-26_at_8.39.40_PM.png"},"web_template":{"id":9618,"theme":"default","post_padding":"20px","enable_featured_post_badges":false,"enable_recommended_reading":true,"enable_customize_category_ids":false,"enable_recommendations":true,"enable_recaptcha":true,"category_ids":[],"signup_flow":[{"id":1,"title":"Recommendations Page","href":"/subscribe?recommendations=true","managed_type":"recommendations","enabled":true,"full_url":"https://www.execsum.co/subscribe?recommendations=true","action_text":"Remove","modal_header":"Remove any recommendations or boosts first!","modal_body":"To remove this page from your subscribe flow, you will need to make sure you have removed any active recommendations or boosts you currently have set up.","page_message":""},{"id":2,"title":"Exec Sum's Post Subscription Form","href":"/forms/5e0b90b7-1bd9-44c2-a80e-22349a6a9748","managed_type":"survey","enabled":true,"full_url":"https://www.execsum.co/forms/5e0b90b7-1bd9-44c2-a80e-22349a6a9748","action_text":"Remove","modal_header":"Remove Survey","modal_body":"This will remove the survey that users see after subscribing. You can always add it back later.","page_message":""},{"id":3,"title":"Upgrade Page","href":"/upgrade","managed_type":"upgrade","enabled":false,"full_url":"https://www.execsum.co/upgrade","action_text":"Remove","modal_header":"Remove Upgrade Redirect","modal_body":"This will remove the Upgrade Page from the subscribe flow. Not to worry, the Upgrade Page will still be live and available on your site and you can always add it back to the subscribe flow later.","page_message":""},{"id":4,"title":"Multi Pubs","href":"/publications","managed_type":"publications","enabled":false,"full_url":"https://www.execsum.co/publications","action_text":"Remove","modal_header":"Remove Multi Publications","modal_body":"This will remove Multi Publications from the subscribe flow. Not to worry, the page will still be live and available on your site and you can always add it back to the subscribe flow later.","page_message":""},{"id":5,"title":"Home Page","href":"","managed_type":"custom","enabled":false,"full_url":"","action_text":"Remove","modal_header":"Remove Custom Redirect","modal_body":"This will remove the custom redirect. When users complete the subscribe flow they will now be sent to the default home page. You can always add this back later.","page_message":""}],"multi_pub_ids":[],"author_ids":["2e8f4f5d-5856-4463-ad71-a48cbba10c7a"],"signup_flow_messaging":{"success_message":"","subscribe_survey_message":"","upgrade_message":"","recommendations_message":"","multi_pubs_message":""},"logged_subscribe_form":true,"signup_flow_avatar_url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png","external_upgrade_page_href":null,"comments_ordering":"desc","notifications_enabled":false,"pwa_enabled":true,"web_theme":{"color_primary":"#001585","color_text_on_primary":"#FFFFFF","color_secondary":"#F9FAFB","color_text_on_secondary":"#030712","color_background":"#FFFFFF","color_border":"#E5E7EB","color_link":"#001585","color_overline_text":"#001585","color_heading":"#222222","color_body":"#222222","color_underline_text":"#222222","shadow":"md","radius":"lg","font_header":"Roboto","font_body":"Roboto","font_button":"Roboto","navbar_template":"template-1","navbar_background_color":"#F4F4F4","navbar_text_color":"#222222","navbar_button_primary_background_color":"#001585","navbar_button_primary_text_color":"#FFFFFF","navbar_button_primary_border_color":"#001585","navbar_button_primary_shadow":"","navbar_button_secondary_background_color":"#F9FAFB","navbar_button_secondary_text_color":"#030712","navbar_button_secondary_border_color":"#E5E7EB","navbar_button_secondary_shadow":"","navbar_login_button_desktop_enabled":true,"navbar_font_family":"Roboto","navbar_logo_width":"14px","subscribe_widget_template":"template-2","subscribe_widget_button_background_color":"#001585","subscribe_widget_button_border_color":null,"subscribe_widget_button_text_color":"#FFFFFF","subscribe_widget_font_family":"Roboto","subscribe_widget_button_font_family":"Roboto","subscribe_widget_border_enabled":true,"subscribe_widget_email_icon_enabled":false,"subscribe_widget_border_color":"#001585","subscribe_widget_body_color":"#111827","subscribe_widget_cta_text":"Subscribe","subscribe_widget_placeholder_text":"Enter Your Email","post_page_background_color":"#FFFFFF","post_page_text_color":"#222222","posts_home_page_header_style":"default","post_background_fill_enabled":true,"post_background_color":"#FFFFFF","post_border_radius":"lg","post_border_color":"#E5E7EB","post_content_tags_enabled":true,"post_content_tags_background_color":"#082F49","post_content_tags_text_color":"#F9FAFB","post_insights_likes_comments_enabled":true,"post_insights_time_fields_enabled":true,"post_insights_color":"#001585","post_premium_badge_background_color":"#D1D5DB","post_premium_badge_text_color":"#030712","post_heading_font_family":"Roboto","post_heading_font_color":"#222222","post_description_font_family":"Roboto","post_description_font_color":"#222222","post_authors_font_color":"#001585","post_authors_show_image":true,"footer_background_color":"#F4F4F4","footer_text_color":"#222222","footer_logo_width":"100","footer_external_link_color":null,"footer_external_link_underline_color":null,"subscribe_widget_text_color":"#FFFFFF"},"global_fonts":["https://fonts.googleapis.com/css2?family=Roboto\u0026display=swap"],"nav_groups":[{"id":"8f7ee2d5-7d21-44af-8f40-7983c1585f3d","title":"Buy My Time","managed":false,"is_category_group":false,"nav_links":[{"id":"80e72d14-8f52-4575-86f9-9983c92dc351","cta_text":"Buy My Time","href":"https://calendly.com/litquidity","external_link":true}]},{"id":"22846a35-88bf-4051-afbd-c0478fa60989","title":"Merch Store","managed":false,"is_category_group":false,"nav_links":[{"id":"928451ca-eb70-4153-819e-bdc0997270a9","cta_text":"Merch Store","href":"https://shop.litquidity.co/","external_link":true}]}]},"logo":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/Screen_Shot_2021-11-12_at_12.05.03_AM.png","thumb":{"url":"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/f2aedf85-682c-47c2-8ad0-f44433524834/thumb_Screen_Shot_2021-11-12_at_12.05.03_AM.png"}},"content_tags":[],"authors":[{"id":"e6050919-1e1d-423f-b3b9-353ee1f0b917","name":"Olivia Curry","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}},{"id":"a58f2284-2bb0-494e-ba5c-977817f36d1a","name":"Aadil Khan","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}},{"id":"321b3fe6-beab-4f94-96fd-6b8417c1367e","name":"G B","profile_picture":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/profile_picture.png","thumb":{"url":"https://beehiiv-images-production.s3.amazonaws.com/static_assets/defaults/thumb_profile_picture.png"},"landscape":{"url":null}}}],"rss_feeds":[{"id":"7f691263-4c80-47df-a8a6-b9e28a64b32d","slug":"iH9DsaNnv0","url":"https://rss.beehiiv.com/feeds/iH9DsaNnv0.xml"}]},"commentsEnabled":true,"recommendedReadingEnabled":true,"requestUrl":"http://www.execsum.co/p/hard-landing-in-hindsight","html":"\u003cdiv\u003e\u003cdiv\u003e\u003clink href=\"https://fonts.gstatic.com\" rel=\"preconnect\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003cstyle type=\"text/css\"\u003e\n:root {\n --wt-primary-color: #001585;\n --wt-text-on-primary-color: #FFFFFF;\n\n --wt-secondary-color: #F9FAFB;\n --wt-text-on-secondary-color: #030712;\n\n --wt-tertiary-color: #FFFFFF;\n --wt-text-on-tertiary-color: #222222;\n\n --wt-background-color: #FFFFFF;\n --wt-text-on-background-color: #222222;\n\n --wt-subscribe-background-color: #FFFFFF;\n --wt-text-on-subscribe-background-color: #222222;\n\n --wt-header-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto,\"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-body-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-button-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n\n --wt-border-radius: 8px\n}\n\n.bg-wt-primary { background-color: var(--wt-primary-color); }\n.text-wt-primary { color: var(--wt-primary-color); }\n.border-wt-primary { border-color: var(--wt-primary-color); }\n\n.bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); }\n.text-wt-text-on-primary { color: var(--wt-text-on-primary-color); }\n.border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); }\n\n.bg-wt-secondary { background-color: var(--wt-secondary-color); }\n.text-wt-secondary { color: var(--wt-secondary-color); }\n.border-wt-secondary { border-color: var(--wt-secondary-color); }\n\n.bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); }\n.text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); }\n.border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); }\n\n.bg-wt-tertiary { background-color: var(--wt-tertiary-color); }\n.text-wt-tertiary { color: var(--wt-tertiary-color); }\n.border-wt-tertiary { border-color: var(--wt-tertiary-color); }\n\n.bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); }\n.text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); }\n.border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); }\n\n.bg-wt-background { background-color: var(--wt-background-color); }\n.text-wt-background { color: var(--wt-background-color); }\n.border-wt-background { border-color: var(--wt-background-color); }\n\n.bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); }\n.text-wt-text-on-background { color: var(--wt-text-on-background-color); }\n.border-wt-text-on-background { border-color: var(--wt-text-on-background-color); }\n\n.bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); }\n.text-wt-subscribe-background { color: var(--wt-subscribe-background-color); }\n.border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); }\n\n.bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); }\n.text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); }\n.border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); }\n\n.rounded-wt { border-radius: var(--wt-border-radius); }\n\n.wt-header-font { font-family: var(--wt-header-font); }\n.wt-body-font { font-family: var(--wt-body-font); }\n.wt-button-font { font-family: var(--wt-button-font); }\n\ninput:focus { --tw-ring-color: transparent !important; }\n\nli a { word-break: break-word; }\n\n@media only screen and (max-width:667px) {\n .mob-stack {\n display: block !important;\n width: 100% !important;\n }\n\n .mob-w-full {\n width: 100% !important;\n }\n}\n\n\u003c/style\u003e\u003cscript async=\"\" id=\"tiktok-script\" src=\"https://www.tiktok.com/embed.js\" type=\"text/javascript\"\u003e\u003c/script\u003e\u003cscript async=\"\" defer=\"\" id=\"twitter-wjs\" src=\"https://platform.twitter.com/widgets.js\" type=\"text/javascript\"\u003e\u003c/script\u003e\u003cstyle\u003e\n .table-base, .table-c, .table-h { border: 1px solid #C0C0C0; }\n .table-c { padding:5px; background-color:#FFFFFF; }\n .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; }\n .table-h { padding:5px; background-color:#F1F1F1; }\n .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; }\n\u003c/style\u003e\u003c/div\u003e\u003cdiv class=\"bg-wt-background\" style=\"color: var(--wt-text-on-background-color) !important;\"\u003e\u003cdiv class=\"rendered-post\" style=\"max-width: 672px; margin: 0 auto;\"\u003e\u003cdiv class=\"bg-wt-background text-wt-text-on-background\"\u003e\u003cdiv style=\"padding-top:1.5rem; padding-bottom:1.5rem;\"\u003e\u003cstyle\u003e\n .bh__byline_wrapper {\n font-size: .875rem;\n line-height: 1.25rem;\n vertical-align: middle;\n justify-content: space-between;\n display: block;\n }\n \n .bh__byline_social_wrapper {\n display: flex;\n margin-top: 0.5rem;\n align-items: center;\n }\n \n .bh__byline_social_wrapper \u003e * + * {\n margin-left: 1rem;\n }\n \n @media (min-width: 768px) {\n .bh__byline_wrapper {\n display: flex;\n }\n \n .bh__byline_social_wrapper {\n margin-top: 0rem;\n }\n }\n\u003c/style\u003e\u003cdiv id=\"web-header\" style=\"padding-left: 20px; padding-right: 20px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;\"\u003e\u003ch1 style=\"font-size: 36px; font-family:'Helvetica',Arial,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;\"\u003eHard landing 'in hindsight'\u003c/h1\u003e\u003ch2 style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;\"\u003eUS job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.\u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg\" style=\"height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;\" width=\"40\"\u003e\u003c/div\u003e\u003cdiv style=\"display:flex; align-items:center;\"\u003e\u003cp style=\"left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;\"\u003e\u003cspan\u003e\u003ca href=\"https://www.execsum.co/authors/2e8f4f5d-5856-4463-ad71-a48cbba10c7a\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eLitquidity Capital\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class=\"text-wt-text-on-background\" style=\"opacity:0.75;\"\u003e August 22, 2024 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\"bh__byline_social_wrapper\"\u003e\u003ca href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 212 212\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"106.214\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://twitter.com/intent/tweet?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.\u0026amp;url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\u0026amp;via=litcapital\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 52 52\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"26\" cy=\"26\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"26\"\u003e\u003c/circle\u003e\u003cpath d=\"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z\" fill=\"#BAC2CE\" transform=\"translate(14,14)\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.threads.net/intent/post?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.+https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:23%;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/310ff4c8-31aa-49c5-8a6d-bdc88e70d167/image.png?t=1724301984\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Check out our new opportunity with \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic Digital Mining Fund\u003c/a\u003e, an exciting entryway investment into the digital asset space. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let's dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://forms.gle/avC7V9tJseG6P39Q9\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:75%;border-radius:0px 0px 0px 0px;border-style:solid;border-width:0px 0px 0px 0px;box-sizing:border-box;border-color:#E5E7EB;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/74cf1ad5-57ba-44c3-9546-cd89e7129556/Partner_with_us_logo_FINAL_V3.png?t=1722407247\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/59650221-b05d-4fa6-a5cb-70b0c46aa26b/image.png?t=1724297801\"\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 08/21/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks rose after encouraging Fed minutes reinforced hopes for imminent rate cuts \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Markets priced in a 66% chance of a 25 bps September rate cut and 33% chance of a 50 bps cut \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dollar hit a YTD low \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro is now second-best performing major currency vs dollar YTD\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTarget \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ejumped 11% after beating Q2 earnings and revenue estimates with a return to growth and raising its FY profit forecast as price cuts lure shoppers (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/target-tgt-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eMacy's\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled 12% despite beating Q2 earnings estimates due to cutting its FY sales forecast as shoppers become more selective (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/macys-m-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we're watching this week:\u0026nbsp;\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTD Bank Group\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e, \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eCava\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Minutes reveal Fed steaming towards September rate cut (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-treasurys-ahead-of-fed-meeting-minutes-release.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US job growth was revised down by the most since 2009 (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-job-growth-revised-down-by-the-most-since-2009-why-this-time-is-different.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China central bank is battling against record-low yields (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/investing/china-says-please-stop-buying-our-bonds-70990bad\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China lending hit a fifteen-year low (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/16/china-new-loans-july.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Global investors are piling into Chinese bank bonds (\u003ca class=\"link\" href=\"https://www.ft.com/content/bfb5be35-b1c0-4ad3-8816-f8877e5da17f\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e EM Asia bonds and Treasuries correlations are rising again(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/malaysian-bonds-set-to-gain-most-in-em-asia-from-treasury-rally?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro currency emerges a winner from market turmoil (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/currencies/euro-now-safer-bet-emerges-winner-market-turmoil-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BlackRock support for ESG measures hit a new low (\u003ca class=\"link\" href=\"https://www.ft.com/content/2fbd12f2-a2e1-4fa7-ba63-7344ab274b4f\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Western Asset Management CIO leaves role amid US investigation (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/western-asset-s-ken-leech-takes-leave-of-absence-amid-sec-probe\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Disney tasked Morgan Stanley's James Gorman to lead CEO search (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/walt-disney-tasks-board-member-gorman-lead-panel-ceo-search-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PwC is expecting a six-month ban in China (\u003ca class=\"link\" href=\"https://www.ft.com/content/6e165676-30b1-4567-8cb1-647c15bb015d\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e MSCI axed dozens more Chinese stocks for third-straight quarter (\u003ca class=\"link\" href=\"https://www.ft.com/content/849bd1e6-3adc-4867-b417-ca52dc64520c\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e TD Bank set aside $2.6B more for US regulatory penalties (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/td-bank-says-continuing-pursue-resolution-anti-money-laundering-probe-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e OpenAI is letting clients train its GPT (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/openai-to-let-companies-customize-its-most-powerful-ai-model?sref=Ptu9QECN\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e YouTube partnered with Shopify to take on TikTok Shop (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/youtube-takes-on-tiktok-shop-with-expanded-shopify-partnership/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Shein sued Temu for copyright infringement (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/20/shein-sues-temu-over-copyright-infringement-trade-secret-theft.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK closed competition probes into Google and Apple app stores (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/u-k-authority-closes-competition-probes-into-google-apple-app-stores-612decd3?mod=tech_lead_story\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Ford shrinks EV rollout plans as demand lags (\u003ca class=\"link\" href=\"https://www.wsj.com/business/autos/ford-cancels-plans-for-electric-suv-44817367?mod=hp_lead_pos3\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Tim Walz accepted the Democratic VP nomination (\u003ca class=\"link\" href=\"https://www.axios.com/2024/08/22/tim-walz-dnc-2024-harris\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAX\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-chicago-atlantic\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Chicago Atlantic\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/2cc3a187-c8f8-480f-b213-e81301d0c61f/image.png?t=1724301974\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ci\u003e\u003cb\u003eBeyond Bitcoin\u003c/b\u003e\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e We're \u003ca class=\"link\" href=\"https://www.chicagoatlantic.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic\u003c/a\u003e, an alternative investment management firm with over $1.7 billion in assets under management. Our approach capitalizes on niche strategies where demand for capital exceeds traditional supply. We serve institutions, family offices and private clients. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Today, in partnership with Exec Sum, we've opened our new \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eDigital Mining Fund\u003c/a\u003e to all accredited investors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhat's the Opportunity?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e A de-risked investment in the crypto space with monthly cash flow distributions, tax depreciation benefits, attractive returns and potential capital appreciation. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Since inception, we have distributed annualized returns of 36 percent. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhy Invest?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Infrastructure for miners is in high demand. With the Digital Mining Fund, you are investing in real assets with bonus depreciation and in data center infrastructure with significant electrical power availability and applications beyond the crypto landscape. These investments in a fund structure offer less volatility and higher potential for growth than simply buying and holding Bitcoin. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWant to Learn More?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Submit your interest \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e and a Chicago Atlantic advisor will share the opportunity. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e I'm Interested \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026amp;A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Media investor \u003cspan style=\"\"\u003e\u003cb\u003eEdgar Bronfman Jr.\u003c/b\u003e\u003c/span\u003e raised his offer to take control of \u003cspan style=\"\"\u003e\u003cb\u003eParamount Global \u003c/b\u003e\u003c/span\u003efrom $4.3B to $6B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bronfman-raises-offer-for-paramount-global-to-6-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Coal miners \u003cspan style=\"\"\u003e\u003cb\u003eArch Resources\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003eConsol Energy\u003c/b\u003e\u003c/span\u003e agreed to combine in an all-stock merger to create a $5.2B entity \u003cspan style=\"\"\u003e\u003cb\u003eCore Natural Resources \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/energy-oil/coal-miners-arch-consol-agree-to-merger-of-equals-5f9ea0e9?mod=deals_news_article_pos1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cb\u003eJapan Tobacco\u003c/b\u003e will buy discount cigarette maker \u003cspan style=\"\"\u003e\u003cb\u003eVector \u003c/b\u003e\u003c/span\u003efor $2.4B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/jt-group-to-buy-cigarette-maker-vector-of-us-for-2-4-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Natural gas company \u003cspan style=\"\"\u003e\u003cb\u003eOvintiv\u003c/b\u003e\u003c/span\u003e is considering a possible sale of its operations in the Uinta Basin, which could fetch $2B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ovintiv-said-to-explore-sale-of-oil-operations-in-uinta-basin?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e A group led by \u003cspan style=\"\"\u003e\u003cb\u003eKKR \u003c/b\u003e\u003c/span\u003eand Japanese real estate company \u003cspan style=\"\"\u003e\u003cb\u003eHulic \u003c/b\u003e\u003c/span\u003emade a $2B bid to acquire Tokyo skyscraper \u003cspan style=\"\"\u003e\u003cb\u003eShiodome City Center\u003c/b\u003e\u003c/span\u003e from Singapore's \u003cspan style=\"\"\u003e\u003cb\u003eGIC \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/kkr-hulic-bid-2-billion-for-gic-s-central-tokyo-skyscraper?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGoldman Sachs\u003c/b\u003e\u003c/span\u003e' infrastructure arm, \u003cspan style=\"\"\u003e\u003cb\u003eWren House Infrastructure\u003c/b\u003e\u003c/span\u003e, and \u003cspan style=\"\"\u003e\u003cb\u003eIgneo Infrastructure Partners\u003c/b\u003e\u003c/span\u003e are among shortlisted firms bidding for Spanish data center operator \u003cspan style=\"\"\u003e\u003cb\u003eNabiax\u003c/b\u003e\u003c/span\u003e, which could fetch $1.1B or more (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/goldman-wren-house-are-said-to-be-shortlisted-in-nabiax-sale?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Japanese steelmakers \u003cspan style=\"\"\u003e\u003cb\u003eNippon Steel \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eJFE Steel \u003c/b\u003e\u003c/span\u003ewill acquire a 30% total stake in \u003cspan style=\"\"\u003e\u003cb\u003eWhitehaven Coal\u003c/b\u003e\u003c/span\u003e鈥檚 Blackwater metallurgical coal mine in a $1.1B deal (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/whitehaven-coal-to-sell-stake-in-blackwater-for-1-08-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOaktree Capital\u003c/b\u003e\u003c/span\u003e is in exclusive talks to acquire a majority stake in two units of \u003cspan style=\"\"\u003e\u003cb\u003eB. Riley Financial\u003c/b\u003e\u003c/span\u003e in a deal worth up to $380M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/oaktree-said-in-talks-to-buy-majority-stake-in-b-riley-s-great-american-group?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Indian delivery company\u003cspan style=\"\"\u003e\u003cb\u003e Zomato\u003c/b\u003e\u003c/span\u003e agreed to buy Indian fintech \u003cspan style=\"\"\u003e\u003cb\u003ePaytm\u003c/b\u003e\u003c/span\u003e's movie and events ticketing business for $244M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/zomato-to-buy-paytm-s-movie-ticketing-business-for-244-million?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBlackstone\u003c/b\u003e\u003c/span\u003e is in talks to acquire the \u003cspan style=\"\"\u003e\u003cb\u003eHyatt Regency Clearwater Beach Resort and Spa\u003c/b\u003e\u003c/span\u003e in Florida from \u003cspan style=\"\"\u003e\u003cb\u003eWestern Hospitality \u003c/b\u003e\u003c/span\u003efor ~$200M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/blackstone-is-said-to-near-purchase-of-hyatt-clearwater-beach?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin miner \u003cspan style=\"\"\u003e\u003cb\u003eBitfarms\u003c/b\u003e\u003c/span\u003e agreed to acquire \u003cspan style=\"\"\u003e\u003cb\u003eStronghold Digital Mining\u003c/b\u003e\u003c/span\u003e for ~$125M in stock (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bitcoin-miner-bitfarms-in-talks-to-acquire-stronghold-in-all-stock-deal?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom tower operator \u003cspan style=\"\"\u003e\u003cb\u003eIHS Towers \u003c/b\u003e\u003c/span\u003eis exploring a potential sale of its Rwanda and Zambia businesses (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ihs-is-said-to-mull-sale-of-tower-businesses-in-rwanda-zambia?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK transport company \u003cspan style=\"\"\u003e\u003cb\u003eMobico \u003c/b\u003e\u003c/span\u003elaunched a sale of its North American school bus business (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/europe/uk-transport-group-mobicos-h1-profit-jumps-28-higher-demand-pricing-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGrafana Labs\u003c/b\u003e\u003c/span\u003e, an open-source data analysis startup, raised a $270M Series D extension at a $6B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eLightspeed Venture Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/grafana-labs-is-now-valued-at-6b/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blockchain-based IP platform \u003cspan style=\"\"\u003e\u003cb\u003eStory\u003c/b\u003e\u003c/span\u003e raised an $83M round at a $2.25B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z crypto\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/story-raises-83m-at-a-2-25b-valuation-to-build-a-blockchain-for-the-business-of-content-ip-in-the-age-of-ai/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Military staff workflow platform \u003cspan style=\"\"\u003e\u003cb\u003eOnebrief\u003c/b\u003e\u003c/span\u003e raised a $53M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eHuman Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821391951/en/Onebrief-Secures-53M-to-Build-the-Future-of-Military-Staffs/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Asteroid mining startup \u003cspan style=\"\"\u003e\u003cb\u003eAstroForge\u003c/b\u003e\u003c/span\u003e raised a $40M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eNova Threshold\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/astroforge-raises-40m-in-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e VRM company\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAdmiral\u003c/b\u003e\u003c/span\u003e raised $19M in growth equity and debt led by \u003cspan style=\"\"\u003e\u003cb\u003eHarbert Growth Partners\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/admiral-raises-19m-in-new-funding-led-by-harbert-growth-partners-bringing-total-to-28m-to-protect-the-free-internet-one-publisher-at-a-time-302227605.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLettuce Financial\u003c/b\u003e\u003c/span\u003e, an automated accounting and tax solution for solopreneurs, raised a $15M Series A led by\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eZeev Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/lettuce-financial-closes-15m-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEfficient Capital Labs\u003c/b\u003e\u003c/span\u003e, a provider of non-dilutive capital to B2B SaaS firms, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eQED Investors\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e645 Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821807861/en/Efficient-Capital-Labs-Raises-11-Million-in-Series-A-Funding-to-Expand-Cross-Border-Revenue-Based-Financing/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgrizy\u003c/b\u003e\u003c/span\u003e, an Indian B2B agri-processing platform, raised a $9.8M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAccion\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOmnivore\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/agrizy-raises-9-8m-in-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSkyfire Systems\u003c/b\u003e\u003c/span\u003e, a payment network for AI agents, raised $8.5M from \u003cspan style=\"\"\u003e\u003cb\u003eNeuberger Berman\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrevan Howard Digital\u003c/b\u003e\u003c/span\u003e, and more (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821247203/en/Introducing-Skyfire-Payment-Rails-for-AI/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spatial computing startup \u003cspan style=\"\"\u003e\u003cb\u003eVividQ\u003c/b\u003e\u003c/span\u003e raised a $7.5M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eForesight Group\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://tech.eu/2024/08/21/vividq-raises-7-5m-series-a-for-spatial-computing/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eEU\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Social commerce platform \u003cspan style=\"\"\u003e\u003cb\u003eSleekFlow\u003c/b\u003e\u003c/span\u003e raised a $7M round led by \u003cspan style=\"\"\u003e\u003cb\u003eAtinum Investment\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/omnichannel-platform-sleekflow-gets-7m-to-propel-expansion-ai-capabilities/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eWalmart\u003c/b\u003e\u003c/span\u003e sold its entire $3.6B stake in Chinese e-commerce firm\u003cspan style=\"\"\u003e\u003cb\u003e JD.com \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/walmart-is-seeking-up-to-3-74-billion-in-sale-of-jd-com-stake?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eNordic Capital \u003c/b\u003e\u003c/span\u003eis exploring options including an IPO for Scandinavian consumer finance lender \u003cspan style=\"\"\u003e\u003cb\u003eNOBA\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/nordic-capital-is-said-to-weigh-ipo-of-scandinavian-lender-noba?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGeneral Atlantic\u003c/b\u003e\u003c/span\u003e sold its entire stake in India's \u003cspan style=\"\"\u003e\u003cb\u003ePNB Housing Finance\u003c/b\u003e\u003c/span\u003e for $127M (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/deals/general-atlantic-exits-indias-pnb-housing-127-mln-deal-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Chinese autonomous driving company \u003cspan style=\"\"\u003e\u003cb\u003eWeRide\u003c/b\u003e\u003c/span\u003e postponed its US IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/china-s-weride-is-said-to-delay-us-ipo-just-as-deadline-nears?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrookfield \u003c/b\u003e\u003c/span\u003eis seeking $10.6B of debt from banks for its potential LBO of Spanish pharmaceutical producer \u003cspan style=\"\"\u003e\u003cb\u003eGrifols\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/brookfield-seeks-close-to-10-billion-debt-for-grifols-takeover\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Kamala Harris supports measures to expand the crypto industry (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says?srnd=phx-crypto\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Amid the recent market slump, Callie Cox wrote an interesting piece on \u003ca class=\"link\" href=\"https://www.optimisticallie.com/p/fear-makes-us-better-investors\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehow fear makes us better investors\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Joe Wiggins gave a great take on how we can improve our investment behavior by \u003ca class=\"link\" href=\"https://behaviouralinvestment.com/2024/08/20/stop-paying-attention/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003enot paying attention to stuff that doesn't matter\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Check out Bloomberg's storyline detailing how \u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/b-riley-s-rout-forces-reckoning-for-a-founder-s-labor-of-love?srnd=homepage-americas\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eB. Riley's multibillion-dollar financial empire stumbled\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e GET HIRED \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"meme-cleanser\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eMeme Cleanser\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/concodanomics/status/1825452121677865373\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ccccd5c4-4bd8-4bee-be4a-2758176b851e/image.png?t=1724302341\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/netcapgirl/status/1826250016970961099\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b4d1cf66-5560-4418-92f9-75d56aed5718/image.png?t=1724303831\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/MadsCapital/status/1824085716252442773\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/21f94ea8-2820-48f2-80dd-5aaeef7d25d4/image.png?t=1724302405\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/avC7V9tJseG6P39Q9\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAdvertise with us\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://litquidity.co/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eVisit our merch store\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/Ukgywm3t79cqTSKA8\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eInvest alongside Lit Ventures\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://calendly.com/litquidity\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBook a call with Lit\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://www.beehiiv.com/?via=litquidity\u0026amp;_ga=2.68091284.425865747.1655068082-1751285988.1638793928\u0026amp;_gl=1*8md5w7*_gcl_au*NDIwODY2NjAyLjE2ODA3MDIwOTIuMTI3MDk0OTA2Ny4xNjg0NzI1NzYzLjE2ODQ3MjU3NjM.*_ga*NjA3NTUwNDEuMTY4MDcwMjA5Mg..*_ga_E6Y4WLQ2EC*MTY4NDg5NTkzOS4yOTguMS4xNjg0ODk3OTY3LjYwLjAuMA..\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLaunch your own newsletter\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","truncatedHtml":"\u003cdiv\u003e\u003cdiv\u003e\u003clink href=\"https://fonts.gstatic.com\" rel=\"preconnect\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003clink href=\"https://fonts.googleapis.com/css2?family=Roboto\u0026amp;display=swap\" rel=\"stylesheet\"\u003e\u003cstyle type=\"text/css\"\u003e\n:root {\n --wt-primary-color: #001585;\n --wt-text-on-primary-color: #FFFFFF;\n\n --wt-secondary-color: #F9FAFB;\n --wt-text-on-secondary-color: #030712;\n\n --wt-tertiary-color: #FFFFFF;\n --wt-text-on-tertiary-color: #222222;\n\n --wt-background-color: #FFFFFF;\n --wt-text-on-background-color: #222222;\n\n --wt-subscribe-background-color: #FFFFFF;\n --wt-text-on-subscribe-background-color: #222222;\n\n --wt-header-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto,\"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-body-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n --wt-button-font: \"Roboto\", ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, \"Noto Sans\", sans-serif, \"Apple Color Emoji\", \"Segoe UI Emoji\", \"Segoe UI Symbol\", \"Noto Color Emoji\";\n\n --wt-border-radius: 8px\n}\n\n.bg-wt-primary { background-color: var(--wt-primary-color); }\n.text-wt-primary { color: var(--wt-primary-color); }\n.border-wt-primary { border-color: var(--wt-primary-color); }\n\n.bg-wt-text-on-primary { background-color: var(--wt-text-on-primary-color); }\n.text-wt-text-on-primary { color: var(--wt-text-on-primary-color); }\n.border-wt-text-on-primary { border-color: var(--wt-text-on-primary-color); }\n\n.bg-wt-secondary { background-color: var(--wt-secondary-color); }\n.text-wt-secondary { color: var(--wt-secondary-color); }\n.border-wt-secondary { border-color: var(--wt-secondary-color); }\n\n.bg-wt-text-on-secondary { background-color: var(--wt-text-on-secondary-color); }\n.text-wt-text-on-secondary { color: var(--wt-text-on-secondary-color); }\n.border-wt-text-on-secondary { border-color: var(--wt-text-on-secondary-color); }\n\n.bg-wt-tertiary { background-color: var(--wt-tertiary-color); }\n.text-wt-tertiary { color: var(--wt-tertiary-color); }\n.border-wt-tertiary { border-color: var(--wt-tertiary-color); }\n\n.bg-wt-text-on-tertiary { background-color: var(--wt-text-on-tertiary-color); }\n.text-wt-text-on-tertiary { color: var(--wt-text-on-tertiary-color); }\n.border-wt-text-on-tertiary { border-color: var(--wt-text-on-tertiary-color); }\n\n.bg-wt-background { background-color: var(--wt-background-color); }\n.text-wt-background { color: var(--wt-background-color); }\n.border-wt-background { border-color: var(--wt-background-color); }\n\n.bg-wt-text-on-background { background-color: var(--wt-text-on-background-color); }\n.text-wt-text-on-background { color: var(--wt-text-on-background-color); }\n.border-wt-text-on-background { border-color: var(--wt-text-on-background-color); }\n\n.bg-wt-subscribe-background { background-color: var(--wt-subscribe-background-color); }\n.text-wt-subscribe-background { color: var(--wt-subscribe-background-color); }\n.border-wt-subscribe-background { border-color: var(--wt-subscribe-background-color); }\n\n.bg-wt-text-on-subscribe-background { background-color: var(--wt-text-on-subscribe-background-color); }\n.text-wt-text-on-subscribe-background { color: var(--wt-text-on-subscribe-background-color); }\n.border-wt-text-on-subscribe-background { border-color: var(--wt-text-on-subscribe-background-color); }\n\n.rounded-wt { border-radius: var(--wt-border-radius); }\n\n.wt-header-font { font-family: var(--wt-header-font); }\n.wt-body-font { font-family: var(--wt-body-font); }\n.wt-button-font { font-family: var(--wt-button-font); }\n\ninput:focus { --tw-ring-color: transparent !important; }\n\nli a { word-break: break-word; }\n\n@media only screen and (max-width:667px) {\n .mob-stack {\n display: block !important;\n width: 100% !important;\n }\n\n .mob-w-full {\n width: 100% !important;\n }\n}\n\n\u003c/style\u003e\u003cscript async=\"\" id=\"tiktok-script\" src=\"https://www.tiktok.com/embed.js\" type=\"text/javascript\"\u003e\u003c/script\u003e\u003cscript async=\"\" defer=\"\" id=\"twitter-wjs\" src=\"https://platform.twitter.com/widgets.js\" type=\"text/javascript\"\u003e\u003c/script\u003e\u003cstyle\u003e\n .table-base, .table-c, .table-h { border: 1px solid #C0C0C0; }\n .table-c { padding:5px; background-color:#FFFFFF; }\n .table-c p { color: #2D2D2D; font-family:'Helvetica',Arial,sans-serif !important; overflow-wrap: break-word; }\n .table-h { padding:5px; background-color:#F1F1F1; }\n .table-h p { color: #2A2A2A; font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif !important; overflow-wrap: break-word; }\n\u003c/style\u003e\u003c/div\u003e\u003cdiv class=\"bg-wt-background\" style=\"color: var(--wt-text-on-background-color) !important;\"\u003e\u003cdiv class=\"rendered-post\" style=\"max-width: 672px; margin: 0 auto;\"\u003e\u003cdiv class=\"bg-wt-background text-wt-text-on-background\"\u003e\u003cdiv style=\"padding-top:1.5rem; padding-bottom:1.5rem;\"\u003e\u003cstyle\u003e\n .bh__byline_wrapper {\n font-size: .875rem;\n line-height: 1.25rem;\n vertical-align: middle;\n justify-content: space-between;\n display: block;\n }\n \n .bh__byline_social_wrapper {\n display: flex;\n margin-top: 0.5rem;\n align-items: center;\n }\n \n .bh__byline_social_wrapper \u003e * + * {\n margin-left: 1rem;\n }\n \n @media (min-width: 768px) {\n .bh__byline_wrapper {\n display: flex;\n }\n \n .bh__byline_social_wrapper {\n margin-top: 0rem;\n }\n }\n\u003c/style\u003e\u003cdiv id=\"web-header\" style=\"padding-left: 20px; padding-right: 20px; color: var(--wt-text-on-background-color) !important; padding-bottom: 2rem;\"\u003e\u003ch1 style=\"font-size: 36px; font-family:'Helvetica',Arial,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;\"\u003eHard landing 'in hindsight'\u003c/h1\u003e\u003ch2 style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;\"\u003eUS job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake.\u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg\" style=\"height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;\" width=\"40\"\u003e\u003c/div\u003e\u003cdiv style=\"display:flex; align-items:center;\"\u003e\u003cp style=\"left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;\"\u003e\u003cspan\u003e\u003ca href=\"https://www.execsum.co/authors/2e8f4f5d-5856-4463-ad71-a48cbba10c7a\" target=\"_blank\" style=\"color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;\"\u003eLitquidity Capital\u003c/a\u003e\u003c/span\u003e\u003cbr\u003e\u003cspan class=\"text-wt-text-on-background\" style=\"opacity:0.75;\"\u003e August 22, 2024 \u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\"bh__byline_social_wrapper\"\u003e\u003ca href=\"https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 212 212\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"106.214\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://twitter.com/intent/tweet?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.\u0026amp;url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\u0026amp;via=litcapital\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 52 52\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"26\" cy=\"26\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"26\"\u003e\u003c/circle\u003e\u003cpath d=\"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z\" fill=\"#BAC2CE\" transform=\"translate(14,14)\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.threads.net/intent/post?text=US+job+growth+was+revised+massively+downwards%2C+China+is+battling+record-low+yields%2C+BlackRock+support+for+ESG+measures+hit+a+new+low%2C+Western+Asset%27s+CIO+is+under+investigation%2C+and+Walmart+sold+its+entire+JD.com+stake.+https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M125.185 102.469C124.828 102.298 124.465 102.133 124.097 101.975C123.456 90.1702 117.006 83.4121 106.175 83.3429C106.126 83.3426 106.077 83.3426 106.028 83.3426C99.5502 83.3426 94.1624 86.1078 90.8463 91.1396L96.8028 95.2256C99.2801 91.4671 103.168 90.6658 106.031 90.6658C106.064 90.6658 106.097 90.6658 106.13 90.6661C109.696 90.6889 112.387 91.7257 114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fhard-landing-in-hindsight\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:23%;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/310ff4c8-31aa-49c5-8a6d-bdc88e70d167/image.png?t=1724301984\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e US job growth was revised massively downwards, China is battling record-low yields, BlackRock support for ESG measures hit a new low, Western Asset's CIO is under investigation, and Walmart sold its entire JD.com stake. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Check out our new opportunity with \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic Digital Mining Fund\u003c/a\u003e, an exciting entryway investment into the digital asset space. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let's dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://forms.gle/avC7V9tJseG6P39Q9\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:75%;border-radius:0px 0px 0px 0px;border-style:solid;border-width:0px 0px 0px 0px;box-sizing:border-box;border-color:#E5E7EB;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/74cf1ad5-57ba-44c3-9546-cd89e7129556/Partner_with_us_logo_FINAL_V3.png?t=1722407247\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/59650221-b05d-4fa6-a5cb-70b0c46aa26b/image.png?t=1724297801\"\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 08/21/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks rose after encouraging Fed minutes reinforced hopes for imminent rate cuts \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Markets priced in a 66% chance of a 25 bps September rate cut and 33% chance of a 50 bps cut \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dollar hit a YTD low \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro is now second-best performing major currency vs dollar YTD\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTarget \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ejumped 11% after beating Q2 earnings and revenue estimates with a return to growth and raising its FY profit forecast as price cuts lure shoppers (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/target-tgt-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eMacy's\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled 12% despite beating Q2 earnings estimates due to cutting its FY sales forecast as shoppers become more selective (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/macys-m-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we're watching this week:\u0026nbsp;\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eTD Bank Group\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e, \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eCava\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Minutes reveal Fed steaming towards September rate cut (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-treasurys-ahead-of-fed-meeting-minutes-release.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US job growth was revised down by the most since 2009 (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/21/us-job-growth-revised-down-by-the-most-since-2009-why-this-time-is-different.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China central bank is battling against record-low yields (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/investing/china-says-please-stop-buying-our-bonds-70990bad\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China lending hit a fifteen-year low (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/16/china-new-loans-july.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Global investors are piling into Chinese bank bonds (\u003ca class=\"link\" href=\"https://www.ft.com/content/bfb5be35-b1c0-4ad3-8816-f8877e5da17f\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e EM Asia bonds and Treasuries correlations are rising again(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/malaysian-bonds-set-to-gain-most-in-em-asia-from-treasury-rally?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Euro currency emerges a winner from market turmoil (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/currencies/euro-now-safer-bet-emerges-winner-market-turmoil-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BlackRock support for ESG measures hit a new low (\u003ca class=\"link\" href=\"https://www.ft.com/content/2fbd12f2-a2e1-4fa7-ba63-7344ab274b4f\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Western Asset Management CIO leaves role amid US investigation (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/western-asset-s-ken-leech-takes-leave-of-absence-amid-sec-probe\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Disney tasked Morgan Stanley's James Gorman to lead CEO search (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/walt-disney-tasks-board-member-gorman-lead-panel-ceo-search-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PwC is expecting a six-month ban in China (\u003ca class=\"link\" href=\"https://www.ft.com/content/6e165676-30b1-4567-8cb1-647c15bb015d\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e MSCI axed dozens more Chinese stocks for third-straight quarter (\u003ca class=\"link\" href=\"https://www.ft.com/content/849bd1e6-3adc-4867-b417-ca52dc64520c\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e TD Bank set aside $2.6B more for US regulatory penalties (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/td-bank-says-continuing-pursue-resolution-anti-money-laundering-probe-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e OpenAI is letting clients train its GPT (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/openai-to-let-companies-customize-its-most-powerful-ai-model?sref=Ptu9QECN\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e YouTube partnered with Shopify to take on TikTok Shop (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/youtube-takes-on-tiktok-shop-with-expanded-shopify-partnership/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Shein sued Temu for copyright infringement (\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/08/20/shein-sues-temu-over-copyright-infringement-trade-secret-theft.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK closed competition probes into Google and Apple app stores (\u003ca class=\"link\" href=\"https://www.wsj.com/finance/u-k-authority-closes-competition-probes-into-google-apple-app-stores-612decd3?mod=tech_lead_story\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Ford shrinks EV rollout plans as demand lags (\u003ca class=\"link\" href=\"https://www.wsj.com/business/autos/ford-cancels-plans-for-electric-suv-44817367?mod=hp_lead_pos3\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Tim Walz accepted the Democratic VP nomination (\u003ca class=\"link\" href=\"https://www.axios.com/2024/08/22/tim-walz-dnc-2024-harris\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAX\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-chicago-atlantic\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Chicago Atlantic\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/2cc3a187-c8f8-480f-b213-e81301d0c61f/image.png?t=1724301974\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ci\u003e\u003cb\u003eBeyond Bitcoin\u003c/b\u003e\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e We're \u003ca class=\"link\" href=\"https://www.chicagoatlantic.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eChicago Atlantic\u003c/a\u003e, an alternative investment management firm with over $1.7 billion in assets under management. Our approach capitalizes on niche strategies where demand for capital exceeds traditional supply. We serve institutions, family offices and private clients. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Today, in partnership with Exec Sum, we've opened our new \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eDigital Mining Fund\u003c/a\u003e to all accredited investors. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhat's the Opportunity?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e A de-risked investment in the crypto space with monthly cash flow distributions, tax depreciation benefits, attractive returns and potential capital appreciation. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Since inception, we have distributed annualized returns of 36 percent. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWhy Invest?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Infrastructure for miners is in high demand. With the Digital Mining Fund, you are investing in real assets with bonus depreciation and in data center infrastructure with significant electrical power availability and applications beyond the crypto landscape. These investments in a fund structure offer less volatility and higher potential for growth than simply buying and holding Bitcoin. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWant to Learn More?\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Submit your interest \u003ca class=\"link\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e and a Chicago Atlantic advisor will share the opportunity. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://digitalminingfund.com/investment/?utm_source=newsletter-1\u0026amp;utm_medium=landing-page-1\u0026amp;utm_campaign=investment-1\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e I'm Interested \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026amp;A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Media investor \u003cspan style=\"\"\u003e\u003cb\u003eEdgar Bronfman Jr.\u003c/b\u003e\u003c/span\u003e raised his offer to take control of \u003cspan style=\"\"\u003e\u003cb\u003eParamount Global \u003c/b\u003e\u003c/span\u003efrom $4.3B to $6B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bronfman-raises-offer-for-paramount-global-to-6-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Coal miners \u003cspan style=\"\"\u003e\u003cb\u003eArch Resources\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003eConsol Energy\u003c/b\u003e\u003c/span\u003e agreed to combine in an all-stock merger to create a $5.2B entity \u003cspan style=\"\"\u003e\u003cb\u003eCore Natural Resources \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/energy-oil/coal-miners-arch-consol-agree-to-merger-of-equals-5f9ea0e9?mod=deals_news_article_pos1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cb\u003eJapan Tobacco\u003c/b\u003e will buy discount cigarette maker \u003cspan style=\"\"\u003e\u003cb\u003eVector \u003c/b\u003e\u003c/span\u003efor $2.4B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/jt-group-to-buy-cigarette-maker-vector-of-us-for-2-4-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Natural gas company \u003cspan style=\"\"\u003e\u003cb\u003eOvintiv\u003c/b\u003e\u003c/span\u003e is considering a possible sale of its operations in the Uinta Basin, which could fetch $2B (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ovintiv-said-to-explore-sale-of-oil-operations-in-uinta-basin?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e A group led by \u003cspan style=\"\"\u003e\u003cb\u003eKKR \u003c/b\u003e\u003c/span\u003eand Japanese real estate company \u003cspan style=\"\"\u003e\u003cb\u003eHulic \u003c/b\u003e\u003c/span\u003emade a $2B bid to acquire Tokyo skyscraper \u003cspan style=\"\"\u003e\u003cb\u003eShiodome City Center\u003c/b\u003e\u003c/span\u003e from Singapore's \u003cspan style=\"\"\u003e\u003cb\u003eGIC \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/kkr-hulic-bid-2-billion-for-gic-s-central-tokyo-skyscraper?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGoldman Sachs\u003c/b\u003e\u003c/span\u003e' infrastructure arm, \u003cspan style=\"\"\u003e\u003cb\u003eWren House Infrastructure\u003c/b\u003e\u003c/span\u003e, and \u003cspan style=\"\"\u003e\u003cb\u003eIgneo Infrastructure Partners\u003c/b\u003e\u003c/span\u003e are among shortlisted firms bidding for Spanish data center operator \u003cspan style=\"\"\u003e\u003cb\u003eNabiax\u003c/b\u003e\u003c/span\u003e, which could fetch $1.1B or more (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/goldman-wren-house-are-said-to-be-shortlisted-in-nabiax-sale?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Japanese steelmakers \u003cspan style=\"\"\u003e\u003cb\u003eNippon Steel \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eJFE Steel \u003c/b\u003e\u003c/span\u003ewill acquire a 30% total stake in \u003cspan style=\"\"\u003e\u003cb\u003eWhitehaven Coal\u003c/b\u003e\u003c/span\u003e鈥檚 Blackwater metallurgical coal mine in a $1.1B deal (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/whitehaven-coal-to-sell-stake-in-blackwater-for-1-08-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOaktree Capital\u003c/b\u003e\u003c/span\u003e is in exclusive talks to acquire a majority stake in two units of \u003cspan style=\"\"\u003e\u003cb\u003eB. Riley Financial\u003c/b\u003e\u003c/span\u003e in a deal worth up to $380M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/oaktree-said-in-talks-to-buy-majority-stake-in-b-riley-s-great-american-group?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Indian delivery company\u003cspan style=\"\"\u003e\u003cb\u003e Zomato\u003c/b\u003e\u003c/span\u003e agreed to buy Indian fintech \u003cspan style=\"\"\u003e\u003cb\u003ePaytm\u003c/b\u003e\u003c/span\u003e's movie and events ticketing business for $244M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/zomato-to-buy-paytm-s-movie-ticketing-business-for-244-million?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBlackstone\u003c/b\u003e\u003c/span\u003e is in talks to acquire the \u003cspan style=\"\"\u003e\u003cb\u003eHyatt Regency Clearwater Beach Resort and Spa\u003c/b\u003e\u003c/span\u003e in Florida from \u003cspan style=\"\"\u003e\u003cb\u003eWestern Hospitality \u003c/b\u003e\u003c/span\u003efor ~$200M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/blackstone-is-said-to-near-purchase-of-hyatt-clearwater-beach?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin miner \u003cspan style=\"\"\u003e\u003cb\u003eBitfarms\u003c/b\u003e\u003c/span\u003e agreed to acquire \u003cspan style=\"\"\u003e\u003cb\u003eStronghold Digital Mining\u003c/b\u003e\u003c/span\u003e for ~$125M in stock (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/bitcoin-miner-bitfarms-in-talks-to-acquire-stronghold-in-all-stock-deal?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom tower operator \u003cspan style=\"\"\u003e\u003cb\u003eIHS Towers \u003c/b\u003e\u003c/span\u003eis exploring a potential sale of its Rwanda and Zambia businesses (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/ihs-is-said-to-mull-sale-of-tower-businesses-in-rwanda-zambia?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK transport company \u003cspan style=\"\"\u003e\u003cb\u003eMobico \u003c/b\u003e\u003c/span\u003elaunched a sale of its North American school bus business (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/europe/uk-transport-group-mobicos-h1-profit-jumps-28-higher-demand-pricing-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGrafana Labs\u003c/b\u003e\u003c/span\u003e, an open-source data analysis startup, raised a $270M Series D extension at a $6B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eLightspeed Venture Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/grafana-labs-is-now-valued-at-6b/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blockchain-based IP platform \u003cspan style=\"\"\u003e\u003cb\u003eStory\u003c/b\u003e\u003c/span\u003e raised an $83M round at a $2.25B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z crypto\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/21/story-raises-83m-at-a-2-25b-valuation-to-build-a-blockchain-for-the-business-of-content-ip-in-the-age-of-ai/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Military staff workflow platform \u003cspan style=\"\"\u003e\u003cb\u003eOnebrief\u003c/b\u003e\u003c/span\u003e raised a $53M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eHuman Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821391951/en/Onebrief-Secures-53M-to-Build-the-Future-of-Military-Staffs/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Asteroid mining startup \u003cspan style=\"\"\u003e\u003cb\u003eAstroForge\u003c/b\u003e\u003c/span\u003e raised a $40M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eNova Threshold\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/astroforge-raises-40m-in-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e VRM company\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAdmiral\u003c/b\u003e\u003c/span\u003e raised $19M in growth equity and debt led by \u003cspan style=\"\"\u003e\u003cb\u003eHarbert Growth Partners\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/admiral-raises-19m-in-new-funding-led-by-harbert-growth-partners-bringing-total-to-28m-to-protect-the-free-internet-one-publisher-at-a-time-302227605.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLettuce Financial\u003c/b\u003e\u003c/span\u003e, an automated accounting and tax solution for solopreneurs, raised a $15M Series A led by\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eZeev Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/lettuce-financial-closes-15m-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEfficient Capital Labs\u003c/b\u003e\u003c/span\u003e, a provider of non-dilutive capital to B2B SaaS firms, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eQED Investors\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e645 Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821807861/en/Efficient-Capital-Labs-Raises-11-Million-in-Series-A-Funding-to-Expand-Cross-Border-Revenue-Based-Financing/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgrizy\u003c/b\u003e\u003c/span\u003e, an Indian B2B agri-processing platform, raised a $9.8M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAccion\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eOmnivore\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/08/agrizy-raises-9-8m-in-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSkyfire Systems\u003c/b\u003e\u003c/span\u003e, a payment network for AI agents, raised $8.5M from \u003cspan style=\"\"\u003e\u003cb\u003eNeuberger Berman\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrevan Howard Digital\u003c/b\u003e\u003c/span\u003e, and more (\u003ca class=\"link\" href=\"http://www.businesswire.com/news/home/20240821247203/en/Introducing-Skyfire-Payment-Rails-for-AI/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spatial computing startup \u003cspan style=\"\"\u003e\u003cb\u003eVividQ\u003c/b\u003e\u003c/span\u003e raised a $7.5M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eForesight Group\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://tech.eu/2024/08/21/vividq-raises-7-5m-series-a-for-spatial-computing/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eEU\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Social commerce platform \u003cspan style=\"\"\u003e\u003cb\u003eSleekFlow\u003c/b\u003e\u003c/span\u003e raised a $7M round led by \u003cspan style=\"\"\u003e\u003cb\u003eAtinum Investment\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/08/20/omnichannel-platform-sleekflow-gets-7m-to-propel-expansion-ai-capabilities/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eWalmart\u003c/b\u003e\u003c/span\u003e sold its entire $3.6B stake in Chinese e-commerce firm\u003cspan style=\"\"\u003e\u003cb\u003e JD.com \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/walmart-is-seeking-up-to-3-74-billion-in-sale-of-jd-com-stake?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eNordic Capital \u003c/b\u003e\u003c/span\u003eis exploring options including an IPO for Scandinavian consumer finance lender \u003cspan style=\"\"\u003e\u003cb\u003eNOBA\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/nordic-capital-is-said-to-weigh-ipo-of-scandinavian-lender-noba?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGeneral Atlantic\u003c/b\u003e\u003c/span\u003e sold its entire stake in India's \u003cspan style=\"\"\u003e\u003cb\u003ePNB Housing Finance\u003c/b\u003e\u003c/span\u003e for $127M (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/deals/general-atlantic-exits-indias-pnb-housing-127-mln-deal-2024-08-21/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Chinese autonomous driving company \u003cspan style=\"\"\u003e\u003cb\u003eWeRide\u003c/b\u003e\u003c/span\u003e postponed its US IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-22/china-s-weride-is-said-to-delay-us-ipo-just-as-deadline-nears?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eBrookfield \u003c/b\u003e\u003c/span\u003eis seeking $10.6B of debt from banks for its potential LBO of Spanish pharmaceutical producer \u003cspan style=\"\"\u003e\u003cb\u003eGrifols\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/brookfield-seeks-close-to-10-billion-debt-for-grifols-takeover\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Kamala Harris supports measures to expand the crypto industry (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says?srnd=phx-crypto\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Amid the recent market slump, Callie Cox wrote an interesting piece on \u003ca class=\"link\" href=\"https://www.optimisticallie.com/p/fear-makes-us-better-investors\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehow fear makes us better investors\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Joe Wiggins gave a great take on how we can improve our investment behavior by \u003ca class=\"link\" href=\"https://behaviouralinvestment.com/2024/08/20/stop-paying-attention/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003enot paying attention to stuff that doesn't matter\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Check out Bloomberg's storyline detailing how \u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-08-20/b-riley-s-rout-forces-reckoning-for-a-founder-s-labor-of-love?srnd=homepage-americas\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eB. Riley's multibillion-dollar financial empire stumbled\u003c/a\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e GET HIRED \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"meme-cleanser\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eMeme Cleanser\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/concodanomics/status/1825452121677865373\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ccccd5c4-4bd8-4bee-be4a-2758176b851e/image.png?t=1724302341\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/netcapgirl/status/1826250016970961099\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b4d1cf66-5560-4418-92f9-75d56aed5718/image.png?t=1724303831\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/MadsCapital/status/1824085716252442773\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/21f94ea8-2820-48f2-80dd-5aaeef7d25d4/image.png?t=1724302405\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/avC7V9tJseG6P39Q9\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eAdvertise with us\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://litquidity.co/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eVisit our merch store\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://forms.gle/Ukgywm3t79cqTSKA8\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eInvest alongside Lit Ventures\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://calendly.com/litquidity\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBook a call with Lit\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003cb\u003e // \u003c/b\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://www.beehiiv.com/?via=litquidity\u0026amp;_ga=2.68091284.425865747.1655068082-1751285988.1638793928\u0026amp;_gl=1*8md5w7*_gcl_au*NDIwODY2NjAyLjE2ODA3MDIwOTIuMTI3MDk0OTA2Ny4xNjg0NzI1NzYzLjE2ODQ3MjU3NjM.*_ga*NjA3NTUwNDEuMTY4MDcwMjA5Mg..*_ga_E6Y4WLQ2EC*MTY4NDg5NTkzOS4yOTguMS4xNjg0ODk3OTY3LjYwLjAuMA..\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLaunch your own newsletter\u003c/a\u003e\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","onlyRenderComments":false,"JWT_SECRET":"6e3e21b10ea657beb5e6be8681c99d50738dba071731fc616ee3112432c8de50fd89c29dd9c21c0bf231a72a7f22497a934e907be62faa94b16a21a76325eaa5","isDraft":false,"paywall":null,"currentSubscriberId":null,"currentTierId":null}},"actionData":null,"errors":null}};</script><script type="module" async="">import "/assets/manifest-ba8709e8.js"; import * as route0 from "/assets/root-DyTVJERh.js"; import * as route1 from "/assets/_slug-BLaqTSRC.js"; window.__remixRouteModules = {"root":route0,"routes/p/$slug":route1}; import("/assets/entry.client-CuBsnk-1.js");</script><script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'8e737231cf17cdfe',t:'MTczMjM4ODg4OC4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body></html>