What we’re reading (4/6)
“S&P 500 Ends Thursday Higher, But Suffers Its First Down Week In Four: Live Updates” (CNBC). “Tech stocks lifted the S&P 500 into the green Thursday as the market wrapped up the short trading week on a high note despite signs of a weakening labor market.”
“Stocks Haven’t Looked This Unattractive Since 2007” (Wall Street Journal). “The equity risk premium—the gap between the S&P 500’s earnings yield and that of 10-year Treasurys—sits around 1.59 percentage points, a low not seen since October 2007.”
“Tim Cook On Shaping The Future Of Apple” (GQ). “As Apple CEO, he has defied his skeptics and refashioned the world’s most creative company on his own exacting terms. Now, in a frank conversation, he offers new insight into his leadership—explaining why he sees himself as an outsider, how he asserts Apple’s values, and what he does to keep from staring at his iPhone all day.”
“This Bank Proposal Will Damage Our Economy And Make Voters Even More Resentful” (New York Times). “The current [deposit insurance] limit, $250,000 per person, is more than adequate for any banking needs an individual might have. An unlimited guarantee to banks that their debts to depositors will always be 100 percent backed by the government is an invitation for the banks to print money with Uncle Sam’s credibility but for their private profit.”
“‘It’s An Especially Bad Time’: Tech Layoffs Are Hitting Ethics And Safety Teams” (CNN Business). “Big Tech companies brought on employees focused on election safety, misinformation and online extremism. Some also formed ethical AI teams and invested in oversight groups. These teams helped guide new safety features and policies. But over the past few months, large tech companies have slashed tens of thousands of jobs, and some of those same teams are seeing staff reductions.”
