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my weekend morning train WFH wrote:
• How many bagels do you need to stay in business? Two typical bagel shops sell a lot of bagels. (New York Times)
• Why isn’t the stock market falling more now? We are less than 3% away from all-time highs, but it feels like the market is teetering on the brink of disaster. The Nasdaq 100 is down about 6% from its highs, so big tech stocks remain firm. (a wealth of common sense)
• Big banks fight back in Washington as fintech eats into profits Both traditional finance and digital upstarts claim that the other has an unfair advantage. (Work Week)
• Vanguard fires in asset management fee war Group chief executive Tim Buckley said the group would cut investment fund costs by $1 billion over the next four years. (Financial Times)
• From the living room to the landfill, some holiday shopping returns have taken a “very sad path”. Over half a trillion dollars. That’s the estimated value of everything U.S. shoppers bought last year just to return them — more than the economy of Israel or Austria. (NPR)
• Imagination is hard to imagine: America, China and the Taiwan War One way to avoid conflict might be to understand how destructive it is. (grid)
• OpenSea, Web3 and Aggregation Theory OpenSea is powerful not because it controls the associated NFTs, but because it controls the vast majority of demand. (strategy)
• A thousand-light-year-wide bubble around the sun is blown away by the ghost of a long-dead star What caused the bubble? More than a dozen supernovae, massive stars that exploded just a few million years after their birth, about 14 million years ago. The sun is coincidentally located near the center of the bubble and happened to enter it 5 million years ago as it orbits the center of the galaxy. (Saifeisi)
• Seven ways Republicans are sabotaging the 2024 election The next attempted coup will not be a mob attack, but a carefully planned and even technically legal coup. The insurgents are not thugs in suits, but men in suits and ties. (protector)
• Penelope Cruz’s Vision: She has felt a mysterious connection with director Pedro Almodóvar. For their seventh collaboration, “Parallel Mothers,” she went all out, even breaking down after one scene. (New York Times)
Be sure to check out our Master of Business interview this weekend with Jim McKelvey, Co-founder square (with Jack Dorsey), current CEO invisible, the future of enabling people to manage their personal data.
Electric vehicle options in the U.S. are about to expand
source: Work Week
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