Ken Sweet

I’m the banking reporter for The Associated Press. I was a @Bagehot fellow at @Columbia from 2024-2025. I am writing a book.

[Ken Sweet @kensweet]

Just realized John Oliver is quoting… me… in his segment about prediction markets.

[Ken Sweet @kensweet]

In five to ten years, there will be business school case studies of Apple's significant price increase and whether the demand destruction was worth keeping the hefty profit margins.

Will some of the regular upgrade customers wait longer to replace now, I wonder. We will see.

[Leo Schwartz @leomschwartz]

Scoop: Two ex-DOGE employees raised $225 million for their debut venture fund Banner VC, the latest project to come out of Elon Musk's erstwhile cost-cutting operation.

Banner raised an additional $75 million to co-lead a recent round into Impulse Space:

https://t.co/ThlvU6Hwgb

[Ed Bradford @Fullcarry]

Appropriate that Greenspan dies at par

[The Wall Street Journal @WSJ]

Exclusive: Apple plans to raise prices. CEO Tim Cook called the move "unavoidable" because the AI boom is driving up chip costs. https://t.co/Fw3Wm0WNEB

[Joey Cappelletti @Cappelletti7]

First with @AP: Bernie Sanders is unveiling a plan to give the public a 50% stake in the largest AI companies, creating a $7 trillion sovereign wealth fund and giving Americans influence over decision-making.
https://t.co/CeuOFo8c1V

[alexander saeedy @ajsaeedy]

Scoop: Charlie Javice is trying to get a pardon from President Trump. She was sentenced to 7 years in prison for defrauding JPMorgan Chase. She has a close ally in Marc Rowan, the CEO of Apollo, who recently was named to the board of Trump’s Board of Peace. W/@AAndriotis

https://t.co/FIHKn8gviH

[sam parker @samprkr]

As someone who only performs well at the last minute on deadlines deadlines I identify with the New York Knicks

[Josh Dubow @JoshDubowAP]

This will be the first championship parade ever for Knicks! In 1970 they had a celebration at Gracie Mansion and in 1973 they had a celebration at City Hall. But they have never gone down the Canyon of Heroes

[The Associated Press @AP]

BREAKING: The New York Knicks win their first NBA title since 1973 with a 94-90 victory over the San Antonio Spurs in Game 5. https://t.co/a6pJJXYdQJ

[Dan Primack @danprimack]

Gonna read a lot about VC "returns" from the SpaceX IPO. Reminder that no VC is selling shares into the IPO, and can't sell for a while.

So these are still paper gains, not actual cash for distribution-starved LPs in their funds.

[Ken Sweet @kensweet]

Brian Johnson basically ran the CFPB during Trump 1. He’ll get another round of doing so, if confirmed.

In the meanwhile, he has been working at Capital One, a company who has had many run ins with the bureau over the years.

https://t.co/qrTLVNbRK0

[Paul R. La Monica @LaMonicaBuzz]

The SpaceX IPO is unlikely to hurt demand for the eventual offerings of ChatGPT owner OpenAI and Claude developer Anthropic. Retail investor interest is high and more than $8T in cash is sitting in money market funds. My story for @barronsonline. $SPCX 🚀 https://t.co/FN5cMPiNMg

[Ken Sweet @kensweet]

If Gawker still existed, I know they would have written a feature on the guy who curated the music playlist at Equinox during pride month.

[Justin Elliott @JustinElliott]

the full story:

https://t.co/hqbXgp4V6u

w/ @js_kaplan @Amierjeski

[Mike Sisak @mikesisak]

In a city whose wealthy gatekeepers largely turned their noses at Trump’s brash personality and playboy image in the 1990s and 2000s, the Garden’s Celebrity Row was one club where he felt at home.
https://t.co/3tjsbkbLdb

[Jesse Eisinger @eisingerj]

Story here:

https://t.co/jJVCPp7scM

[David Folkenflik @davidfolkenflik]

Full memo:

[Jake Offenhartz @jangelooff]

On Saturday, while covering a protest at Delaney Hall for the AP, Angelina Katsanis' camera bag went missing.

Inside was $10K worth of gear, her biz cards and an Airtag -- which soon began to ping from home of a NJ sergeant. He's now facing charges.

https://t.co/fCHmWnJETI

[Bloomberg @business]

S&P Dow Jones Indices will keep its existing eligibility requirements for the S&P 500, rejecting proposals that would have made it faster for mega-cap companies such as SpaceX to gain rapid entry into the benchmark after going public https://t.co/Wi0UluRvxZ