Hugh Son

CNBC reporter , banks + payments . Served 12 years @business .

[Hugh Son @Hugh_Son]

2023 was a big year for the banking world 🌎

For starters, that thing in March.

A good reminder that "institutions" are run by flesh & blood who occasionally f--k up in serious ways 👇

https://t.co/7IeDuq40IG

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[Hugh Son @Hugh_Son]

@JoesInvestments @0x_penalretard @sweatystartup Bergen county still hot too …. Houses selling for unheard of prices here.

[Lance Lambert @NewsLambert]

CNBC: Yieldstreet’s real estate bets left customers with massive losses

"you’ve seen deals that institutions have passed on that went to the platforms because retail investors might have less discipline than the institutional ones"

- Peachtree CEO Greg Friedman

[Ken Tumin @KenTumin]

When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses | @Hugh_Son for @CNBC

"Of 30 deals that CNBC reviewed information on, four have been declared total losses by Yieldstreet."

https://t.co/cBizCxcSRK

[Hugh Son @Hugh_Son]

@DerronAntoinne @CNBC I do not yet. Stay tuned.

[Rich Dorrian @RichDorrian]

@Hugh_Son Invested 30k in Diversified Commercial Litigation Portfolio I in February of 2017. At the time Yieldstreet was promoting that they had never lost a dollar of investor money. Supposed to be a 3 year timeframe now 8 years later not 1 dollar has been repaid and probably will not be.

[Hugh Son @Hugh_Son]

@RichDorrian Tell me more [email protected]

[Leslie Picker @LesliePicker]

“I lost $400,000 in Yieldstreet. I consider myself moderately financially savvy, and I got duped by this company. I just worry that it’s going to keep happening to others.”

Great piece by @Hugh_Son https://t.co/faYqlKHl9L

[Spiros Margaris @SpirosMargaris]

AI is already impacting the labor market,

starting with young tech workers, Goldman economist says

https://t.co/u4nHm7VSi2 @goldmansachs @Hugh_Son @cnbc

[Hugh Son @Hugh_Son]

If the outdoors were a stock , I would short that MFer 🥵

[Hugh Son @Hugh_Son]

@andrewrsorkin Put the emphasis on the process , not the outcomes. There is no pot of gold at end of a rainbow …

[Techmeme @Techmeme]

On stablecoins, JP Morgan's Jamie Dimon says, "We're going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it" (@hugh_son / CNBC)

https://t.co/25cIoNb2fb

https://t.co/kJ8tgJ0ybX
https://t.co/ZOzeer2dpR

[Leslie Picker @LesliePicker]

"We’re going to start augmenting our workforce with Devin, which is going to be like our new employee who’s going to start doing stuff on the behalf of our developers." -- Goldman tech chief Marco Argenti to @Hugh_Son.

https://t.co/6nwhfFHtXW

[Jennifer E. @jenn_elias]

New: Waymo is launching teen accounts for driverless car rides. Specially-trained "Rider Support agents" are available to assist teens during rides and can loop in their
parents if needed, the company says. https://t.co/jz2Min3L3M

[Hugh Son @Hugh_Son]

does technology serve you ? Or do you serve it? 🤔

[Hugh Son @Hugh_Son]

@LorenzoVallas 👍

[Eamon Javers @EamonJavers]

Bob is a legend in financial journalism, and a true gentleman. Always a pleasure to work with and chock full of insights. I’m glad he’s not going too far.

[Hugh Son @Hugh_Son]

news: @SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a “fundamental shift” in the regulatory landscape under the Trump administration....
👇
https://t.co/Nz0cJWZw9y

[Dan Ives @DivesTech]

“This is the dream scenario for tech investors,” Dan Ives, global head of technology research at Wedbush Securities, told CNBC. “Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs.” @CNBC 🏆🐂🔥👇

https://t.co/BhVWX2IYyN

[Hugh Son @Hugh_Son]

@FrogNews lotsa ppl like @profgalloway saying the premium on US risk assets is gonna go away bc of Trump. I’m not convinced yet , still best house in a bad (global) neighborhood 🤞🤞