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Matt Levine

Matt Levine

Bloomberg

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The Stock Market Loves Bitcoin

previous day 4

Bloomberg

Matt Levine

At Least the Market Isn't Boring

previous day 5

Bloomberg

Matt Levine

Goldman’s CEO Wants to Get Paid

wednesday 2

Bloomberg

Matt Levine

Crypto Might Get Some Banks

22.04.2025 7

Bloomberg

Matt Levine

Buy the Truth, Sell the News

10.04.2025 2

Bloomberg

Matt Levine

Safe Havens May Not Be

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

10.04.2025 9

Bloomberg

Matt Levine

People Are Worried About Deleveraging

09.04.2025 4

Bloomberg

Matt Levine

Tariffs Are For Emergencies

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

08.04.2025 20

Bloomberg

Matt Levine

The Tariffs Have Some Math

03.04.2025 7

Bloomberg

Matt Levine

Is DOGE Securities Fraud?

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

03.04.2025 3

Bloomberg

Matt Levine

Stablecoins Are Growing Up

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

03.04.2025 4

Bloomberg

Matt Levine

You Can’t Change Your Mind About Mergers

28.03.2025 20

Bloomberg

Matt Levine

The Synthetic Lender of Last Resort

28.03.2025 10

Bloomberg

Matt Levine

The Unicorns Are Zombies

18.02.2025 4

Bloomberg

Matt Levine

Sure Elon Musk Might Buy OpenAI

12.02.2025 10

Bloomberg

Matt Levine

Robinhood Wanted B*ts on the B*g G*me

05.02.2025 5

Bloomberg

Matt Levine

Texas Tempts Meta

04.02.2025 20

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Matt Levine

How Long Do You Have to Be Short?

31.01.2025 10

Bloomberg

Matt Levine

OpenAI Doesn’t Want AI Cheaters

30.01.2025 7

Bloomberg

Matt Levine

DeepSeek Disruption Has Its Upside

29.01.2025 10

Bloomberg

Matt Levine

Hedge Fund AI Is Cheap AI

27.01.2025 4

Bloomberg

Matt Levine

The SEC Was Busy Last Week

What if the US Securities and Exchange Commission never brings another enforcement case? What if it’s like “ahh, go ahead, do all the fraud you...

23.01.2025 30

Bloomberg

Matt Levine

Maybe ESG Is Illegal Now

The way US federal law works is that there are only a few federal judges in the Fort Worth Division of the US District Court for the Northern District...

15.01.2025 5

Bloomberg

Matt Levine

MBA Class Project Got a Bit Too Real

I have never been to business school, but I gather that a certain amount of the curriculum involves pretending to do business stuff. You get a...

07.01.2025 100

Bloomberg

Matt Levine

Private Credit Wants to Be the Bank

Programming note: This is the last Money Stuff of 2024. Happy holidays, and thanks so much for reading this year. We’ll be back on Monday, Jan. 6,...

21.12.2024 100

Bloomberg

Matt Levine

Albertsons Is Mad at Kroger

Imagine how you would solve this problem from first principles. It is October 2022, and two big supermarket companies, Albertsons Cos. and Kroger...

18.12.2024 9

Bloomberg

Matt Levine

People Really Want SpaceX Shares

How much would you pay for stock in SpaceX or OpenAI? There are data points. SpaceX printed a trade recently at about a $350 billion valuation;...

13.12.2024 100

Bloomberg

Matt Levine

The Onion Can’t Buy Infowars Yet

Sometimes a company owes its creditors more money than it can pay them, so it files for bankruptcy. Loosely speaking, bankruptcy means that the...

12.12.2024 6

Bloomberg

Matt Levine

MicroStrategy Has Volatility to Sell

Programming note: Money Stuff will be off tomorrow and early next week, back Wednesday, Dec. 11. Here’s the basic idea of convertible arbitrage....

05.12.2024 4

Bloomberg

Matt Levine

Citi Traders Didn’t Know the Rules

04.12.2024 5

Bloomberg

Matt Levine

Elon Still Can’t Get His Money

Obviously Elon Musk doesn’t need the money. He is, today, by a substantial margin the richest person in the world. SpaceX, his second-biggest...

03.12.2024 4

Bloomberg

Matt Levine

Texas Asks If Index Funds Are Illegal

The theory is simple. A handful of big asset managers run giant index funds and own large chunks of every public company. Roughly speaking, the...

03.12.2024 20

Bloomberg

Matt Levine

Some Wamco Trades Were Better Than Others

Programming note: Money Stuff will be off for the rest of the week, back on Monday. Happy Thanksgiving! It is nice, in investing, to have a one-day...

27.11.2024 8

Bloomberg

Matt Levine

Synapse Still Can’t Find Its Money

When you deposit money at a bank, you expect the bank to give it back to you. There are two things you might worry about, two sets of risks that...

26.11.2024 6

Bloomberg

Matt Levine

Adani Green Didn’t Mention the Bribes

Actually this is a greenwashing case: Here are the press releases from the US Department of Justice and the Securities and Exchange Commission,...

22.11.2024 8

Bloomberg

Matt Levine

Short Squeezes Are Legal Now

Every so often around here, I feel compelled to mention my all-time favorite US Securities and Exchange Commission enforcement action, the MAAX...

20.11.2024 3

Bloomberg

Matt Levine

Insider Trading at the Fed

The basic theory of bank regulation is that, left to their own devices, bankers would make banks too risky, so regulators and supervisors are there...

20.11.2024 4

Bloomberg

Matt Levine

Individual Investors Put Up the Cash

A pretty standard move in finance is that you have a product for sophisticated institutional investors, and it becomes popular, so you look for...

15.11.2024 40

Bloomberg

Matt Levine

Trump’s DOGE Is Good for Dogecoin

Man, it is way past time for someone to write a textbook of meme finance. Here’s roughly how I understand it: This is not correct in every...

14.11.2024 5

Bloomberg

Matt Levine

Prediction Markets Are a Thing Now

One thing that I thought was a little interesting on Tuesday is that the prediction markets for the US presidential election didn’t really move all...

08.11.2024 4

Bloomberg

Matt Levine

JPMorgan Undercharged for a Trade

I wrote last week that, “if you are a big bank, somebody somewhere in your organization is pretty much always doing something that looks a bit like...

04.11.2024 2

Bloomberg

Matt Levine

MicroStrategy Has Stock to Sell

A good corporate finance rule of thumb is, “if you run a company, and people are paying much more for your stock than it is worth, you should sell...

31.10.2024 2

Bloomberg

Matt Levine

Florida Banned Some Banks

A central problem in securities regulation is that you want companies to be able to raise money, and you want ordinary investors to have access to...

31.10.2024 4

Bloomberg

Matt Levine

ETFs Are Where the Fun Is

If you are a retail stockbroker, sometimes your customers will come to you looking to do a trade. “I want to buy this Nvidia,” they say, or “this...

29.10.2024 3

Bloomberg

Matt Levine

You Want Some Stocks That Go Down

One useful intuition of modern finance is that stocks are all kind of the same. Oh they’re not, they’re not, this isn’t true. But lots of stocks...

28.10.2024 2

Bloomberg

Matt Levine

Apple’s Card Was Confusing

Who do you think would be better at designing a simple and delightful user experience for a credit card: Apple Inc., or the average bank? If you...

24.10.2024 2

Bloomberg

Matt Levine

Musk Keeps Paying for X

It is sometimes useful to think of all of Elon Musk’s ventures as one big company. I like to call it the Musk Mars Conglomerate, because it seems...

17.10.2024 3

Bloomberg

Matt Levine

Crypto Market Makers Made Some Markets

In financial markets, there are people called “market makers.” 1 A market maker, as the name implies, makes things called markets. But the market...

10.10.2024 10

Bloomberg

Matt Levine

A Trump Trade Arbitrage

This is not investment advice, but these days there are a number of platforms where you can bet on the US presidential election. Offering election...

09.10.2024 3

Bloomberg

Matt Levine

Some of the Carbon Credits Were Fake

The thing about most traditional financial frauds is that they have to end. You get money from investors, you spend it on watches and gambling, you...

08.10.2024 3

Bloomberg

Matt Levine