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 👇 cnbc.com/2023/03/10/sil… 1 of 10

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

@0x_penalretard @sweatystartup Central, New Jersey Monmouth, Ocean, and Middlesex Counties to be specific

We're in a silent recession. What I'm seeing: 1) Real estate struggling bad. None of my friends in this business are growing and many are going through very stressful situations trying to recap debt. 2) Home services are hungry. HVAC, plumbing, electrical in my area are slow and asking for work. 3) 5+ of my friends have gotten laid off in the last few months. A lot of talented folks too. 4) ECom getting crushed. Especially hunting, outdoor, etc. Consumer spending is way down. 5) Developers slowing way down so the entire trade sector is overstaffed. Great time to build or remodel. 6) My friend is a custom cabinet guy in Athens GA. For the first time in 20 years he's really hungry for work and doesn't have much on his schedule. 7) Recruiting is definitely slow compared to 2022 and even 2023. Businesses just not hiring / staffing their teams right now as a whole. Obviously certain industries are strong and businesses are still growing, as always, but not like 2022 where everyone was winning. What are you seeing out there?

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

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." cnbc.com/2025/08/18/yie…

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

@CNBC @Hugh_Son just read this article, great job, do you know if Fundrise is in the same boat?

When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses cnbc.com/2025/08/18/yie…

@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.

@RichDorrian Tell me more Hugh.son@nbcuni.com

@Hugh_Son not just real estate with Yieldstreet. Most likely looking at a total loss on the litigation fund I invested in.

“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 cnbc.com/2025/08/18/yie…

AI is already impacting the labor market, starting with young tech workers, Goldman economist says cnbc.com/2025/08/05/ai-… @goldmansachs @Hugh_Son @cnbc

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

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

...so what's the lesson?

Almost every high-performer I know that has had shoot-the-moon success feels some version of this once they reach their goal.

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) cnbc.com/2025/07/15/jam… #a250715p21" target="_blank" rel="nofollow noopener">techmeme.com/250715/p21#a25… twitter.com/Techmeme/statu…

"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. cnbc.com/2025/07/11/gol…

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. cnb.cx/4eEwo67

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

@LorenzoVallas 👍

@Hugh_Son well done article on Dimon.

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.

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.... 👇 cnbc.com/2025/04/29/sof…

“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 🏆🐂🔥👇 cnbc.com/2025/04/12/tru…

@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 🤞🤞

@Hugh_Son I just hope it didn't expose a bigger weakness...

The treasury selling must have been even bigger than advertised...