News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
Vanguard’s Total Stock Market Fund, at $1.3 trillion in assets, is a market unto itself—powered by an unassuming index called CRSP
Supply chain problems that have hit businesses across the country now threaten a quintessential New York treat.
Forget Tesla’s production hell. The hardest bit of EVs is the powering up
Minimum wage announcements by national firms have striking spillovers to other firms. Many employers responded to Amazon’s $15 minimum wage by matching it.
“We’ve got fund managers year-after-year, who beat the market so I think active is still fantastic. I think people are missing the boat…. If you look at the record, this is very measurable.”
People from Australia are getting wasted at a much higher frequency than the rest of the world, according to a global drug survey.