Quote of the Day
"The ETF industry isn’t launching that many basic tools anymore — they don’t need to. Instead, the ETF industry has become like the gadgets aisle at kitchen store in the mall..."
(Dave Nadig)
Chart of the Day
Does it matter how the yield curve disinverts? (chart via YCharts)
Apple
- How the new AirPod Pros 2 could upend the hearing aid industry. (cnbc.com)
- Why it's smart for Apple ($AAPL) to add a Camera Control button to the new iPhones. (macworld.com)
- The iPhone camera is going to be an onramp for 'visual AI.' (om.co)
- The iPhone 16s are not 'AI phones.' (spyglass.org)
Companies
- Kevin Plank has a tough job in his second go-round as Under Armour ($UA) CEO. (wsj.com)
- Moderna ($MRNA) is slashing its R&D pipeline. (barrons.com)
- Former employees of Crowdstrike Holdings ($CRWD) speak out. (semafor.com)
Finance
- JP Morgan Chase ($JPM) and Bank of America ($BAC) plan to limit bankers' hours. (wsj.com)
- Ajit Jain has sold half his holdings in Berkshire Hathaway ($BRK.A). (finance.yahoo.com)
- China has effectively throttled its startup sector. (semafor.com)
Fund management
- The proposed SPDR SSGA Apollo IG Public & Private Credit ETF would invest in a mix of public and private investment-grade debt securities. (etf.com)
- Blackrock ($BLK) is teaming with Partners Group ($PGHN) to build model portfolios with private assets. (wsj.com)
Economy
- Hiring has slowed. (nytimes.com)
- 25 or 50? Probably 25. (disciplinefunds.com)
- Weekly initial unemployment claims remain quiescent. (calculatedriskblog.com)
- New manufacturing facilities attract additional investment. (wsj.com)
Earlier on Abnormal Returns
- Longform links: dealing with trolls. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: playing stupid games. (abnormalreturns.com)
- Elder financial fraud is only going up. Maybe AI can help. (abnormalreturns.com)
- Noted personal finance writer Jonathan Clements is dying. He still has plenty left to teach us. (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)
