Thursday links: a chronic condition
MarketsCXMT topped Tencent as China's most valuable company. (bloomberg.com)South Korea's stock market has bounced. (marketwatch.com)Prediction marketsDon't expect many prediction market inside traders to get prosecuted. (nytimes.com)Apex is teaming with Kalshi on prediction markets. (wealthmanagement.com)Novig doesn't allow 18-20 year olds on their platform. (wired.com)TradingCharles Schwab ($SCHW) is rolling out single stock futures for customers. (citywire.com)EToro agrees to acquire TradeZero. (theblock.co)Why Singapore's stock exchange is a laggard. (economist.com)Fund managementGoldman Sachs ($GS) is doubling down on 'Boomer candy' ETFs. (wsj.com)Mary Childs talks with Amelia Pollard of the FT about the Situational Awareness story. (podcasts.apple.com)Why private asset manager M&A is challenging: carried interest. (pitchbook.com)Pershing Square is jumping on the pre-IPO fund bandwagon. (fa-mag.com)AIA look at just how much the hyperscalers have committed to new compute. (ft.
Markets
- CXMT topped Tencent as China's most valuable company. (bloomberg.com)
- South Korea's stock market has bounced. (marketwatch.com)
Prediction markets
- Don't expect many prediction market inside traders to get prosecuted. (nytimes.com)
- Apex is teaming with Kalshi on prediction markets. (wealthmanagement.com)
- Novig doesn't allow 18-20 year olds on their platform. (wired.com)
Trading
- Charles Schwab ($SCHW) is rolling out single stock futures for customers. (citywire.com)
- EToro agrees to acquire TradeZero. (theblock.co)
- Why Singapore's stock exchange is a laggard. (economist.com)
Fund management
- Goldman Sachs ($GS) is doubling down on 'Boomer candy' ETFs. (wsj.com)
- Mary Childs talks with Amelia Pollard of the FT about the Situational Awareness story. (podcasts.apple.com)
- Why private asset manager M&A is challenging: carried interest. (pitchbook.com)
- Pershing Square is jumping on the pre-IPO fund bandwagon. (fa-mag.com)
AI
- A look at just how much the hyperscalers have committed to new compute. (ft.com)
- What's the OpenAI device going to look like? (spyglass.org)
- Who is Anthropic's auditor? (ft.com)
Stay in touch
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Defense
- Why the shortage of interceptors matters. (thebulwark.com)
- What it would take to restock America's missile stock. (citriniresearch.com)
- General Dynamics ($GD) got $533 million to build artillery shells, but produced none. (propublica.org)
Economy
- Over the last 12 months, PPI is up 4.7% and up 4.2% for core. (axios.com)
- The U.S. economy is at full employment. The federal budget deficit is soaring. (econbrowser.com)
- The K-shaped economy isn't going anywhere. (newsletter.platypuseconomics.com)
Earlier on Abnormal Returns
- Longform links: replacing the experience. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: passion pursuits. (abnormalreturns.com)
Mixed media
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