Wednesday links: spatial intelligence
ETFsGoldman Sachs ($GS) is buying ETF provider Neos. (citywire.com)Leveraged ETFs are increasingly driving market moves. (wealthmanagement.com)Prediction marketsThe CFTC is backing up Kalshi in its fight with New York state. (gizmodo.com)Polymarket is losing share to Kalshi, post-World Cup. (bloomberg.com)CME ($CME) is launching the world's first index-based hockey futures. (reuters.com)Do we really want people to be able to bet on wildfires? (msn.com)UWMMatt Ishbia, owner of the Phoenix Suns, other business, UWM Holdings ($UWMC), is struggling. (wsj.com)Non-bank mortgage origination is tough business. Just ask the Ishbias. (ft.com)How did UWM Holdings ($UWMC) lose $600 million interest rates? (hntrbrk.com)Sports businessJosh Kushner and Bob Iger are buying the Los Angeles Lakers at a $12.5 billion valuation, just a year after the Buss family gave up control. (espn.com)The New York Yankees scored an equity and debt deal with Apollo Sports Capital. (nytimes.com)Putting a value on NFL
ETFs
- Goldman Sachs ($GS) is buying ETF provider Neos. (citywire.com)
- Leveraged ETFs are increasingly driving market moves. (wealthmanagement.com)
Prediction markets
- The CFTC is backing up Kalshi in its fight with New York state. (gizmodo.com)
- Polymarket is losing share to Kalshi, post-World Cup. (bloomberg.com)
- CME ($CME) is launching the world's first index-based hockey futures. (reuters.com)
- Do we really want people to be able to bet on wildfires? (msn.com)
UWM
- Matt Ishbia, owner of the Phoenix Suns, other business, UWM Holdings ($UWMC), is struggling. (wsj.com)
- Non-bank mortgage origination is tough business. Just ask the Ishbias. (ft.com)
- How did UWM Holdings ($UWMC) lose $600 million interest rates? (hntrbrk.com)
Sports business
- Josh Kushner and Bob Iger are buying the Los Angeles Lakers at a $12.5 billion valuation, just a year after the Buss family gave up control. (espn.com)
- The New York Yankees scored an equity and debt deal with Apollo Sports Capital. (nytimes.com)
- Putting a value on NFL franchises for 2026 with the Dallas Cowboys in the lead. (nytimes.com)
- Sports journalists happily admit they don't do actual journalism. (sportsmediaguy.substack.com)
Work
- China has seen a rise in 'disposable workers.' (giftarticle.ft.com)
- Paul Osterman, author of "Disposable Workers: The Transformation of Employment" on the rise of the 'marginal worker.' (theconversation.com)
- Why non-college grads are struggling in this jobs market. (bloomberg.com)
Stay in touch
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Economy
- With the help of lower gasoline prices, July CPI came in at 3.4% year-over-year. (bonddad.blogspot.com)
- Diesel prices are not coming down. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: passion pursuits. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: zero-sum propositions. (abnormalreturns.com)
Mixed media
- An excerpt from “Gerontocracy in America: How the Old Are Hoarding Power and Wealth ― and What to Do About It” by Samuel Moyn. (news.harvard.edu)
- Five insights from "United States of Oligarchy: How America’s Wealthiest Ally with Dictators, Weaken the U.S., and Destroy Democracy" by Casey Michel. (nextbigideaclub.com)
- Tyler Cowen talks with Daron Acemoglu, author of "What Happened to Liberal Democracy?" (conversationswithtyler.com)
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