Howdy, Quartz members, and welcome to Sunday Reads!
Who will quickly overlook the week that Elon Musk interviewed Donald Trump on X, after 48 minutes of technical glitches? To not point out Starbucks tossing its CEO like a chilly Venti.
However it’s Sunday, and time to shift your gaze to some hand-selected reads. Listed here are a few of our favourite Quartz tales from the week, plus a sneak peek at one story coming subsequent week to get your day began.
Having fun with this article? Let us know. We’d love to listen to from you.
5 issues we particularly preferred on Quartz
👮♀️ The Ponzi scheme lives. And also you thought the Ponzi scheme’s days have been over when Bernie Madoff went to jail. Ha! As Quartz’s William Gavin stories, the SEC has pulled the plug on one other pyramid scheme. On this one, an Atlanta-based funding supervisor allegedly squandered shopper funds on a $3 million yacht, vehicles, actual property, and a NetJets subscription. Not very fly.
🐩 Pet wills are on the rise. Extra People are leaving cash to their pets, or for his or her pets’ care, and now legal guidelines in U.S. states are catching up with the pattern. Madeline Fitzgerald stories on the rise of pet wills.
🛫 Airbus’ Boeing woes. French-based aircraft maker Airbus is having a bumpy flight, beset by provide chain woes — and simply when rival Boeing’s 737 troubles must be yielding market share. Melvin Backman chronicles the turbulence.
🛒 Walmart wins. Strong second-quarter earnings noticed shares in America’s largest retailer soar. What’s shifting the needle? Wealthier customers, and renovated shops that embody extra mannequins to fill a few of these empty areas. Francisco Velasquez on the latest in Big Retail.
💻 Buffett’s massive tax invoice. When Warren Buffett’s Berkshire Hathaway determined to unload a few of its huge stake in Apple, it obtained caught with a tax invoice that would high $15 billion. Rocio Fabbro does the math.
1 sneak peek
Will AI change the face of Bitcoin mining? Perhaps, however not so quick, as Vinamrata Chaturvedi stories subsequent week. Discover out why the core technique of Bitcoin mining stays a brute-force computational process, despite the fact that there are methods AI can velocity the method. Visit qz.com on Monday morning for a look at the future of everything.
What we’re watching this week
- Monday: The Democratic Nationwide Conference begins (ends Thursday).
- Tuesday: Lowe’s stories earnings earlier than the market opens; Kamala Harris holds a rally in Milwaukee.
- Wednesday: TJX, Goal, Macy’s, and Zeekr all report earnings earlier than the market opens.
- Thursday: Greenback Tree and Peloton report earnings; the FDA is scheduled to resolve whether or not to approve Regeneron Pharmaceuticals’ treatment for multiple myeloma.
Thanks for studying! Right here’s to the week forward, and don’t hesitate to reach out with feedback, questions, suggestions, pleasure, or particulars of the newest Ponzi scheme. Sunday Reads was dropped at you by Peter S. Inexperienced and Morgan Haefner.
Ponzi schemes, pet wills, AI Bitcoin mining, and Walmart wins qz.com 2024-08-18 13:01:09
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