Quote of the Day
"When the Quits Rate hits a record, something bigger than mere UE bennies is going on."
(Barry Ritholtz)
Strategy
- Why the bond market isn't freaking out about inflation. (twitter.com)
- You're better off trying to outpace inflation than hedge it. (monevator.com)
Crypto
- Big custody bank, State Street ($STT), is jumping on the fast-moving crypto train. (ft.com)
- Why would El Salvador adopt Bitcoin as legal tender? (marginalrevolution.com)
- Some workers could soon have access to crypto in their 401(k) plans. (wsj.com)
Companies
- Companies are trying to downplay their price increases. (investing.com)
- Microsoft ($MSFT) is shifting its gaming strategy away from consoles. (nytimes.com)
- Netflix ($NFLX) is getting into the merch game. (nytimes.com)
- Don't hold your breath waiting for a supersonic flight on United Airlines ($UAL). (marker.medium.com)
Food
- Starbucks ($SBUX) is increasingly dealing with ingredient shortages. (yahoo.com)
- Will food delivery companies ever make a profit? (theirrelevantinvestor.com)
- How food trucks powered through the pandemic. (nytimes.com)
Finance
- The Summer IPO season is expected to be busy. (wsj.com)
- Global investable financial assets now top $250 trillion. (institutionalinvestor.com)
- "Reorganized equity" is seeing a surge in valuations. (axios.com)
- The secondary trade in private equity stakes is on the rise. (economist.com)
Fintech
- Americans are adopting new financial technology faster than ever. (thinkadvisor.com)
- Klarna just raised capital at a $45.6 billion valuation. (ft.com)
- Payments processor Marqueta ($MQ) which helps power Square ($SQ) among others just went public. (cnbc.com)
Economy
- Car prices played a big role in higher May inflation numbers. (calculatedriskblog.com)
- Weekly initial unemployment claims hit their lowest level since the pandemic began. (calculatedriskblog.com)
- $15/hour has quickly become a de facto minimum wage. (washingtonpost.com)
- Why teens are going back to work. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: the path of least resistance. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: focusing on work. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
Mixed media
- The pandemic killed off the 'Millennial Lifestyle Subsidy.' (nytimes.com)
- Getting people to relocate for a new job is going to be harder, post-pandemic. (wsj.com)
- There are some thing people miss about their commute. (theatlantic.com)
- The pandemic slowed the wedding business. Now's it back. (apnews.com)
