Quote of the Day
“Starbucks has gone from “selling an experience” to “selling a product.”
(Trung Phan)
Markets
- No news is good news for the stock market. (tker.co)
- The stock market has gone nowhere the past 10 weeks. (allstarcharts.com)
- What Wall Street jargon really means. (awealthofcommonsense.com)
Companies
- Apple ($AAPL) is now taking AI seriously. (nytimes.com)
- Adobe ($ADBE) is walking a fine line when it comes to AI. (theatlantic.com)
Funds
Standup comedy
- Live comedy is booming. (axios.com)
- Netflix ($NFLX) dominates standup comedy. Can it continue? (wsj.com)
Subsidies
- Have cities learned anything about stadium subsidies? (theatlantic.com)
- Do data centers really deserve tax breaks? (newconsumer.com)
- Opportunity zones have been a disappointment. (ft.com)
Immigration
- Bryan Caplan, "America is immigration, and immigration is America. It’s my story. It’s your story. And it’s the story that the whole world needs to hear." (betonit.ai)
- Even low-skill immigrants benefit the U.S. economy. (bloomberg.com)
Crime
- The U.S. murder rate has fallen precipitously. Why isn't anyone talking about it? (reason.com)
- America's prison population is rapidly aging. (vox.com)
Economy
- Some signs of economic caution. (bonddad.blogspot.com)
- Capitalism is under threat from both sides. (klementoninvesting.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday 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)
