Quote of the Day
"Companies focused on delighting customers find ways to deliver value in ways you had yet to consider. Put differently, exceptional businesses have embedded optionality that the market usually underestimates."
(Todd Wenning)
Markets
- Apple, Google and Tesla are underperforming. (allstarcharts.com)
- How much BBB-rated debt does your corporate bond fund own? (morningstar.com)
Finance
- Just how risky is the prime brokerage business? (ft.com)
- Robinhood ($HOOD) has hired Klutch Sports to help with marketing. (sportico.com)
Apple
- Why Apple ($AAPL) cut bait on its car efforts. (bloomberg.com)
- The Apple ($AAPL) Car is not a total write-off. (macworld.com)
- Apple ($AAPL) got tired of waiting for a payoff from its car efforts. (spyglass.org)
Shopping
- Smaller Whole Foods Market Daily Shops are coming to urban areas. (ny.eater.com)
- The same-day delivery battle is heating up. (axios.com)
Sports gambling
- Draftkings ($DKNG) and FanDuel ($FLUT) are moving beyond just sports betting. (businessinsider.com)
- Why sports gambling addiction is on the rise. (theincidentaleconomist.com)
Global
- Italy's economy is having a moment. (ft.com)
- Chinese companies like Temu are pouring money into online ads in the U.S. (nytimes.com)
- Global income inequality has fallen. (papers.ssrn.com)
- Sweden has officially joined NATO. (cnn.com)
Economy
- Wholesale used car prices are down 13.1% year-over-year. (calculatedriskblog.com)
- Still no sign of a sustained uptick in weekly initial jobless claims. (bonddad.blogspot.com)
- How higher interest rates help push inflation down. (disciplinefunds.com)
Earlier on Abnormal Returns
- Longform links: single AI answers. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: memories and feelings. (abnormalreturns.com)
- The 2024 UBS Global Investment Returns Yearbook is here! (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)