Key Points
- JPMorgan said its asset management unit is fully eliminating the use of proxy advisors.
- The firm will instead use artificial intelligence to aggregate and analyze proxy data.
JPMorgan’s asset management will no longer use controversial proxy advisors for shareholder votes
Finance
SEC is close to ending mandatory quarterly earnings reports that Trump called for
Key Points The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. The move brings regulators closer to a structural change that Trump has advocated, arguing that mandatory quarterly reporting encourages a short-term mindset and distracts […]
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Finance
After Coinbase, prediction market traders forecast more tech layoffs ahead
Key Points Traders on Kalshi give nearly 92% odds to tech layoffs in 2026 totaling more than they did in 2025. Polymarket traders give that a 87% chance of happening. In 2025, layoffs in the information sector totaled 447,000. In the first three months of 2026, there have already been 178,000. Source
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Finance
Michael Burry sells GameStop after Ryan Cohen’s hefty eBay bid: ‘Never confuse debt for creativity’
Michael Burry dumped his entire stake in GameStop after the company’s audacious bid for eBay , saying the deal’s heavy leverage shattered the investment case he had been building. “I sold my entire GME position,” Burry said in a Substack post late Monday. “Any which way I sliced it, the Instant Berkshire thesis was never […]
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