Bonds
- Rates are rising even more overseas. (wsj.com)
- How the AI boom could go wrong...for bondholders. (nytimes.com)
- A look at the long term history of corporate bond spreads. (ft.com)
Prediction markets
- Kalshi wants to grow its weather business. (wsj.com)
- The Trump family has weighed in on the side of prediction markets companies. (nytimes.com)
- Kalshi has signed deals with five MLB teams. (frontofficesports.com)
Finance
- The Bitcoin treasury company business model is unraveling. (ft.com)
- How trading cards became another way to gamble in America. (barrons.com)
- There's really no reason for this ETF to exist. (etf.com)
Nvidia
- It's hard to fathom the size and success of Nvidia ($NVDA) at this point. (tomtunguz.com)
- Hyperscalers are falling as as percentage of Nvidia's ($NVDA) revenue. (axios.com)
- Nvidia ($NVDA) is reportedly buying Hugging Face. (cnbc.com)
Meta
- Meta ($META) settled over allegations Facebook and Instagram were designed in ways that harm children. (axios.com)
- This is a slap on the wrist for Zuck. (spyglass.org)
- Meta ($META) can now effectively dictate safety rules for other companies. (techdirt.com)
- Meta ($META) isn't exactly contrite. (platformer.news)
- Meta ($META) isn't done. It faces more lawsuits. (theatlantic.com)
Data centers
- Why data center operators love NDAs. (npr.org)
- How it became OK for politicians to oppose data centers. (semafor.com)
- It's not just data centers, tech as a whole is getting blowback. (axios.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)
Housing
- Housing inventory is picking up in the Midwest. (conorsen.substack.com)
- How mortgage rate buydowns distort housing price signals. (rpc.cfainstitute.org)
- Unlocking Baby Boomer housing wealth isn't easy. (crr.bc.edu)
- How to increase property tax appeals: an AI chatbot. (papers.ssrn.com)
Economy
- Heavy truck sales say no recession. (bonddad.blogspot.com)
- The trade war with Canada is entirely self-inflicted. (newsletter.platypuseconomics.com)
Earlier on Abnormal Returns
- Longform links: entertaining the reader. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: safely spending a nest egg. (abnormalreturns.com)