Reading on Wednesday at 10 AM-Big Picture


My morning in the middle of the week train WFH wrote:

“The end of General Electric as we know it”: The spin-off opens a page in modern business history CEO Larry Culp refused to split up the most valuable conglomerate in the United States that began in the 21st century (Wall Street Journal) You can also take a look Depicting the historical rise and painful decline of General Electric General Electric Company has been dissolved. The once iconic stocks of U.S. Industries suffered the biggest annual stock decline in Hyundai after they withdrew from the Dow Jones Industrial Average. (Bloomberg)

How JPMorgan Chase helped Washington understand the pandemic economy The JPMorgan Chase Institute uses account data to analyze consumer financial behavior. It also attempts to influence economic policy. (Wall Street Journal)

Reddit’s latest money making obsession is an obscure Fed facility The huge, often misunderstood program becomes another way of Daydreaming for GameStop (Bloomberg)

Will the guitar boom last until COVID? Home orders drove record sales of guitars, but what happens when the pandemic subsides and life returns to normal? (Music trading)

The chip that can change the calculation The M1 chip makes laptops as powerful as some of the fastest desktops on the market, and so efficient that their battery life exceeds almost any other laptop. These chips herald a future in which computing power is absolutely saturated-not only in traditional computers and smartphones, but also in cars, drones, virtual reality machines, and almost everything else that runs on electricity, with extremely powerful processors. (New York Times)

Meet with venture capitalists trying to reintroduce the Pentagon to Silicon Valley: Josh Wolfe of Lux Capital and others believe that the Department of Defense must abandon its strict embrace of traditional contractors who lack the agility to develop high-tech defenses against future threats. (Fast company)

The buying frenzy driven by Zillow’s algorithm is doomed to experiment with ruins How the innovation of this real estate company became a warning story worth $569 million. (Work Week) You can also take a look Some lessons about the real estate market from Zillow’s mistakes Buying and selling homes in the short term with the goal of making quick profits may sound interesting. And there must be someone who can make a profit by flipping the house. But this is not easy, nor can it be guaranteed. (A wealth of common sense)

Facebook allows stolen content to flourish, and its researchers warn In 2018, about 40% of page traffic went to pages whose content was plagiarized or recycled, and Facebook has been slow in combating copyright infringement (Wall Street Journal)

We already have the tools needed to deal with climate change The challenge is not to identify solutions, but to roll them out at an extremely fast speed. (slate)

We need to talk about Nate (spoiler!) Nate’s arc, slowly deployed by writers throughout the season, is a master move. The last episode of Ted Russo’s second season reveals that Nate Shelley, the shy former jersey male assistant coach, has completely gone to the dark side. (Vulture)

Be sure to check our Master of Business interview This weekend with Tom Gaynor, MarkleThe co-president and chief investment officer of this financial holding company is called “the next Warren Buffett.” From 2000 to 2015, Gehner’s average annual return was 11.3%, while the S&P 500 index of large US stocks returned 4.2% (including dividends).

Roads, transportation, the Internet: what’s in the infrastructure bill

source: Cleveland 19 News

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