Quote of the Day
"Technology is the thing that makes us us. Through the tools we create, we become neither less human nor superhuman, nor post-human. We become more human."
(Reid Hoffman)
Markets
- 11 things that zero interest rates enabled including the rise of Cathie Wood. (youngmoney.co)
- The 'nice-to-have' economy is already in recession. (wsj.com)
AI
- Everyone is watching for Google's ($GOOGL) next move in AI. (wsj.com)
- Generative AI startup, Anthropic, is set to raise a mega-round of capital. (nytimes.com)
- How AI is being used to 'auto-complete' code. (semafor.com)
Companies
- Abbvie's ($ABBV) hold on Humira is coming to an end. (nytimes.com)
- How Russian oligarch Roman Abramovich helped fund a U.S. cannabis company. (barrons.com)
- Despite massive growth, BNPL has yet to achieve profitability. (nytimes.com)
- QSR companies are betting on the dominance of drive-thru. (wsj.com)
- Amazon ($AMZN) Fresh is ending free deliveries for most orders. (nypost.com)
Global
- The Netherlands and Japan are joining the U.S. to limit chip equipment exports to China. (nytimes.com)
- Russia has effectively orphaned its European gas investments. (washingtonpost.com)
- How Russia abuses Interpol's neutrality. (politico.com)
- How 'polycrisis' became the buzzword of the moment. (vox.com)
Policy
- Repeated debt ceiling crises are tiresome and stupid. (noahpinion.substack.com)
- Low-income workers have seen relative gains coming out of pandemic. (wsj.com)
- Why PredictIt is set to close per the CFTC's orders. (wapo.st)
Economy
- Six open questions about the economy including 'Are all workers really lazier these days?' (awealthofcommonsense.com)
- Hard and soft economic data are diverging. (tker.co)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday non-finance linkfest. (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)
