Wednesday links: spatial intelligence
Tadas Viskanta
Abnormal Returns
21 hours ago
2 MIN READ
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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