Tuesday links: depleting alpha

CXMTMemory maker CXMT is now public. (cnbc.com)Local governments are the big winners with the CXMT IPO. (ft.com)JapanJapan's boom and bust may be the most interesting in financial history. (awealthofcommonsense.com)Japan is now facing the consequence of higher interest rates. (ft.com)TradingCME Group ($CME) is launching single-stock futures. (finance.yahoo.com)Brokerages really want your AI bot trading 24/7. (cnbc.com)Parlays don't pay off either on prediction markets or sports books. (bloomberg.com)AppleJason Snell, "Apple’s most valuable asset is its brand." (sixcolors.com)Apple ($AAPL) is planning new home smart hubs products. (9to5mac.com)FinanceVisa ($V) is cutting jobs. (cnbc.com)Almost nobody wants to end quarterly reporting. (axios.com)JC Parets, "There’s nothing “initial” about an initial public offering anymore." (trendlabs.com)DefenseInvestment in defense startups is booming. (ft.com)The West is amping up the domestic production of explosives. (wsj.com)The welcome mat i