10 Wednesday AM Reads – The Big Picture

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My back-to-work morning prepare WFH reads:

• The Inventory Market is Our Mona Lisa: Apple is our Colosseum. Microsoft is our Taj Mahal. Google is our Sistine Chapel. Amazon is our Notre-Dame. Nvidia is our Eiffel Tower. (A Wealth of Frequent Sense)

• Black Traders Are the Greatest New Group of Inventory Consumers: Cellular apps, social media and word-of-mouth are reshaping the make-up of the market. (Wall Road Journal)

• Name it ‘Swiftonomics’: How Taylor Swift introduced a gold rush to Kansas Metropolis. The Financial Growth Company of Kansas Metropolis estimates that Taylor Swift’s Eras Tour this summer season had an financial affect of $200 million. Then Swift stored coming again to town due to her relationship with Travis Kelce. Native enterprise house owners and even town’s tourism board say they’re reaping the advantages. (KCUR)

• Need to Perceive 2024? Have a look at 1948. People had been indignant with Truman due to excessive costs within the aftermath of World Struggle II, at the same time as different financial indicators seemed promising. (New York Occasions)

• The Companies That Rescued America From Inflation, Recession, Misplaced Jobs: From oil drillers to chip makers, companies responded to hovering costs by boosting provide, which cooled inflation and not using a recession or excessive unemployment. (Wall Road Journal)

• The Hidden World of Undersea Cables: The web largely runs beneath the oceans. Right here’s the way it works—and why it issues. (The Backyard of Forking Paths)

• 7 Issues A Happiness Scientist Taught Me About Discovering Extra Pleasure: Happiness, in different phrases, isn’t one thing that simply occurs, and even purely circumstantial. It entails homework and consciousness. Apply. So, let’s start. (Vogue)

• New York Metropolis Is a Lot Safer Than Small-City America: Rising murder charges don’t inform the entire story. Whenever you dig deeper into knowledge on deaths, you’ll discover the extra city your environment, the much less hazard you face. (Bloomberg)

• Why Wasn’t Trump Shortly Arrested in Labeled Docs Case? We catalog the swift justice meted out to others caught hoarding secret paperwork, exhibiting Trump’s unprecedented kindly therapy by the feds. (Spy Discuss)

• ‘Physician Who’ Welcomed Its fifteenth Physician. Right here’s How He Stacks Up. As Ncuti Gatwa makes his correct debut, we have a look again on the latest historical past of these to inhabit the TARDIS. (New York Occasions)

You should definitely take a look at our Masters in Enterprise with Cathy Marcus, co-CEO, international COO of PGIM Actual Property. She develops and leads the corporate’s international technique, and is liable for overseeing enterprise and funding operations globally. Marcus can also be co-chair of the board of administrators of RealAssetX, PGIM Actual Property’s innovation lab aimed toward accelerating development in the true belongings trade. Beforehand, she was Senior Portfolio Supervisor for PGIM Actual Property’s flagship core fairness actual property fund. She was named one in every of Barron’s 100 Most Influential Ladies in U.S. Finance in 2023

File-high $6T in cash market accounts is a tailwind to equities, credit score, and charges, and the economic system

Supply: Torsten Slok, Apollo World Each day Spark