Friday morning news drop
Tech Companies Slowly Shift Production Away From China Worried about geopolitical tensions and stung by pandemic shutdowns, Google, Apple and others are moving some work to nearby countries. (New York Times)
The Size Factor: Small caps are trading at the steepest discount to large caps in decades. Over the past 50 years, small-cap stocks have returned, on average, about 2% per year more than large-cap stocks, according to Ken French’s data. The inclusion of the small-cap factor to help better explain stock movements was one of Nobel Prize–winner Eugene Fama’s biggest early breakthroughs. (Verdad)
America’s Affordable Housing Problem: How America got to be so unaffordable, and what we can do to make it more affordable; an analysis of good-in-theory v. outcome based policies (Our Built Environment)
Buyers Are on the Sidelines: One of the reasons for all the chaos in the housing market is mortgage rate volatility. The average 30-year fixed mortgage rate is 5.95% today, up from a 52-week low of 2.91%. (Irrelevant Investor)
Decade of the battery: Predicting the technology that will define the next era of innovation (Noahpinion)
Dollar store products commonly tested positive for toxic chemicals, analysis says 1 in 4 products tested were positive for substances managed under environmental legislation (CBC)
Good Luck Finding a Seat in That Fancy Airport Lounge: In the post-Covid travel rebound, business-class travelers are finding their lounges are packed—mostly because of credit card perks. (Businessweek)