The big news this week was Kevin Warsh's first press conference as head of the Federal Reserve. It was unsurprisingly eventful and noisy. The review of it can be found here.

In other macro-related news, 0.7% month-over-month (m/m) retail sales growth for May was considerably better than 0.4% growth expected, while continuing and initial jobless claims were both slightly worse than expected.

With a more quiet fundamental news week, our attention turned to updating net income comp sheets for various peer groups.

Meta saw a couple headlines break that drove more volatility in the stock.

Amazon is adding a new leg to its AI infrastructure business.

Have a great weekend!