SteveGelsi
@SteveGelsi
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Ex-staff news reporter focused on banking and cannabis at https://t.co/AFy0FUotys. Former private equity writer at The Deal and Buyouts magazine.
New York City
Joined May 2011
Rest In Suds, the Dugout. You won’t be forgotten
bostonglobe.com
Established in 1934, the Dugout was granted one of the first liquor licenses after the repeal of Prohibition, though legend has it the spot was unofficially open years earlier.
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Trying to kill the Fed’s independence by criminal investigation is not good for that institution, and maybe even worse for the Justice Department. Feels like an attempt at murder-suicide….
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As big banks kick off earnings season, these are the critical numbers to watch https://t.co/JhFEQDQoDS via @MarketWatch $JPM $C
marketwatch.com
Expectations are building for the largest U.S. banks to set higher performance targets as regulators take a lighter approach to industry supervision.
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This makes sense. An independent Fed is important.
If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of the Department of Justice that are in question. I
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Beer and wine producers are trying to adjust to a decline in alcohol consumption
bloomberg.com
Beer and wine producers are trying to adjust to a decline in alcohol consumption.
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Kraft Heinz all but owned the mac-and-cheese grocery aisle for decades. Now buzzy upstarts and supermarket knockoffs are eating into its market share amid corporate chaos. 🔗 https://t.co/vTxbMMek5s
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This was an article in the WSJ. In any administration, this would be more than sufficient evidence for impeachment. In this regime, it’s a Thursday.
Everyone should read this week’s WSJ story on Trump selling pardons. It’s some of the most corrupt shit I’ve ever seen—you can literally corner him at one of his lame parties and walk away with a pardon. How is this not the biggest story in the country?
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What if the most stigmatized drugs turned out to be some of the most promising treatments? Inside the growing medical case for ketamine, mushrooms and ibogaine 👇 https://t.co/kfpN3BWPH3 ✍️ @SteveGelsi
hightimes.com
The PhilaDelic’s Fall Forum sets a roadmap for wider use of ibogaine and mushrooms to treat addiction and depression as stigma fades. Leading chemists, psychiatrists, treatment pros, academics and...
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I'm proud of this story for High Times -- these drugs are promising for people who have acute depression and other issues but much more research is needed.
What if the most stigmatized drugs turned out to be some of the most promising treatments? Inside the growing medical case for ketamine, mushrooms and ibogaine 👇 https://t.co/kfpN3BWPH3 ✍️ @SteveGelsi
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Cannabis is illegal because it’s a dangerous drug that destroys families. 𝗙𝗔𝗟𝗦𝗘 Cannabis is illegal because it can treat Cancer, PTSD, seizures, anxiety, depression, addiction, glaucoma, chronic pain, etc- which means no money for pharmaceutical companies.
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Layoffs this year are the worst they've been since the pandemic: A November hasn't seen this many job cuts since 2022. And hiring continues to lag, hitting its lowest point in 15 years https://t.co/7NbfR6yPsh
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!!!! + link to Chrstine's story here. https://t.co/Er6mRtIoO0
In my latest for @MarketWatch, I dug into the world's most controversial b2b saas company and the retail investors, founders, and lore behind it. Here's what led everyday people to bet everything — their homes, retirement funds, life savings — on Palantir $pltr
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RIP Bill Cotterell…a pro’s pro. Old school journalist and columnist. Last of a damn breed. Safe travels, old friend. https://t.co/hahhrhXMNl
tallahassee.com
Florida's Capitol Press Corps has lost a legend: Retired Tallahassee Democrat reporter and columnist Bill Cotterell died Nov. 24.
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Here's a look at the banking industry's credit worries from @SteveGelsi -- https://t.co/He2aYrca5c via @MarketWatch
marketwatch.com
Banks stockpiled less money for troubled loans during the most recent quarter despite fears over bad-debt “cockroaches.”
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Here’s where all of Trump’s tariffs stand
marketwatch.com
U.S. President Donald Trump’s 50% tariffs on imported steel and aluminum took effect early Wednesday. So what’s the current state of all the Trump levies?
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It happened during a meeting with South African President Ramaphosa, who visited Washington after criticism from Trump in recent months over land laws, foreign policy, and alleged bad treatment of its white minority, which South Africa denies https://t.co/mWvVy5Jpxf 3/3
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Who needs a CEO? Apparently not Intel. Its stock has soared without one.
marketwatch.com
Intel joins short list of companies doing well without permanent CEOs, but the balance of corporate power still tips toward having someone at the helm
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Apollo fills real-estate gap with $1.5 billion Bridge Investment deal
marketwatch.com
Apollo is adding $50 billion in assets under management to its real-estate portfolio.
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Chipotle recruiting 20,000 seasonal workers using ‘Ava Cado’ AI program
marketwatch.com
Chipotle Mexican Grill is leaning on an artificial-intelligence program called Ava Cado to speed up its hiring process as it launches its largest-ever spring recruitment effort.
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