Quote of the Day
"The stock market is a bet that risk will be rewarded and corporate executives and their employees are working 24/7 to increase profits regardless of who’s in the White House."
(Joshua Brown)
Chart of the Day
No matter how you slice it, Chinese stocks are struggling. (chart via YCharts)
- What happens if Google loses its antitrust case? (thebignewsletter.com)
- Google Search is now adding links to archived websites in the Internet Archive’s Wayback Machine. (theverge.com)
- How the Google and Apple app ecosystems compare. (genuineimpact.substack.com)
Companies
- Zuck DGAF any more. (sherwood.news)
- Does Intel ($INTC) need Microsoft ($MSFT) to save it? (spyglass.org)
- MicroStrategy ($MSTR) just keeps buying more Bitcoin. (theblock.co)
- Dollar stores face a host of problems. (on.ft.com)
US Steel
- There's no good argument to block the Nippon Steel acquisition of US Steel ($X). (rogerlowenstein.substack.com)
- How US Steel ($X) could end up without a suitor. (theatlantic.com)
Finance
- Why Brookfield Corporation ($BN) is contemplating a move to New York City. (ft.com)
- Is it even possible to re-imagine how junior bankers work? (ft.com)
ETFs
- If the SEC approves the SPDR SSGA Apollo IG Public and Private Credit ETF expect to see a lot more of them. (morningstar.com)
- Single-stock ETFs are going global. (finance.yahoo.com)
- More leveraged ETFs are coming. (fa-mag.com)
- A JP Morgan Chase ($JPM) guide to ETFs. (am.jpmorgan.com)
Global
- No matter how you slice it the U.S. economy looks pretty good compared to Europe. (axios.com)
- The time of Shein and Temu skirting tariffs, could soon be over. (sherwood.news)
- You can thank our immigration system for why Chinese students in the U.S. find it difficult to stay. (nytimes.com)
- What do the World Happiness ranking actually measure? (sherwood.news)
Earlier on Abnormal Returns
- Podcast links: overcoming cynicism. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: dealing with trolls. (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)
