JUST FOR FUN
Investors looked past Uber’s revenue growth Wednesday to focus on risks to the company from the robotaxi revolution.
Snapping up most of Situational Awareness’s public equities portfolio proved a near-immediate coup for Citadel, whose flagship fund rose 5.9%.
RIAs lose 2% to 5% of their AUM annually through client withdrawals, but they’re also averaging just 3% to 4% in organic growth each year.
Rising yields on long-term Treasurys pushed the largest long-term bond fund, iShares 20+ Year Treasury Bond ETF (TLT), to a 22-year low.
McDonald’s has appointed a new US chief to revitalize the flagging performance of its American restaurants, where inflation has cut sales.
