Thursday morning news drop
Inside Trump’s Ailing Business Empire Donald Trump upended the American presidency after stepping away from the company that made him rich and famous. Four years later, returning to his empire after losing the White House, what he finds may upend him. (Bloomberg)
Inflation is coming: Signs that everything is about to get much more expensive A rundown of all the reasons that your loonies could soon be losing up to 5 cents of value every year (National Post)
Inflation Is Just a Monster Under the Bed for Investors Despite all the fuss about expectations for higher prices, there’s little indication that a worrisome jump is coming.(Bloomberg)
The Secret Auction That Set Off the Race for AI Supremacy How the shape of deep learning—and the fate of the tech industry—went up for sale in Harrah’s Room 731, on the shores of Lake Tahoe. (Wired)
Rich Millennials Are Splashing Millions on Crypto Art The pandemic hit the art world hard. But an influx of young, tech-savvy collectors has kept the market buzzing. (Bloomberg)
The pandemic won’t be the end of movie theaters, but it will forever change them Is the abandonment of the movie-house a temporary aberration forced by social distancing, or a sweeping lifestyle change? That conclusion may not be entirely clear until several of the big movie franchise films (the studios call them “tentpoles”) give it a go in the theaters this summer. (CNN)
Credit Suisse Global Investment Returns This report contains extracts from the full hardcopy Credit Suisse Global Investment Returns Yearbook. In the Yearbook, renowned financial historians Professor Elroy Dimson, Professor Paul Marsh and Dr. Mike Staunton assess the returns and risks from investing in equities, bonds, cash, currencies and factors in 23 countries and in five different composite indexes since 1900. This year, the database is broadened to include 90 developed markets and emerging markets, and the Yearbook presents an in-depth analysis of nine new markets.(Credit Suisse)
