Financial and Media News Roundup for the Week of May 6, 2018

What We’ve Been Reading – Week of May 6​

Markets, Economy & Corporate News

• Here’s what tax reform, so far, has meant for the stock market and the economy (MarketWatch)
• U.S. job openings hit record high; more workers quitting (Reuters)
• Jobless Rate Looks Like Old Times, but the Economy Doesn’t (NYT)
• Companies Should Maximize Shareholder Welfare, Not Market Value (Journal of Law, Finance and Accounting)
• Economists think the next U.S. recession could begin in 2020 (WSJ)
• How China is Trying to Head Off Its Own Financial Crisis (NYT)

Asset/Wealth Management:

• David Swenson wrote an angry email. Then he pressed send. (Institutional Investor)
• Thomson Reuters Grows Capabilities of Wealth Management Platform (Financial Advisor IQ)
• Who Runs Mutual Funds? Very Few Women (NYT)
• Trump Brags That He’s A Billionaire – But He Doesn’t Act Like One (Washington Post)
• Asset managers double spending on new data in hunt for edge (Financial Times)

Alternatives:

• That Big Hedge-Fund Short Squeeze in Treasuries Is No Sure Thing (Bloomberg)
• Investors Want More Private Equity Relationships (Institutional Investor)
• A Hedge Fund Fee plan that Only Charges for Alpha (Bloomberg)

Media Industry and Journalism:

• What happens when a local newspaper dies (Washington Post)
• Denver Post Journalists Go to New York to Protest Their Owner (NYT)
• With ‘The Weekly,’ The New York Times Gets Serious About TV (NYT)

Technology:

• Bitcoin is ‘rat poison,’ Berkshire’s Charlie Munger says (Fox Business)
• Bitcoin Sees Wall Street Warm to Trading Virtual Currency (NYT)
• This 13-year-old is the youngest professional ‘Fortnite’ gamer (CNBC)
• Google’s Assistant is getting so smart it can place phone calls and humans think it’s real (CNBC)
• Alexa and Siri Can Hear This Hidden Command. You Can’t. (NYT)
• Inside the Brotherhood of the Ad Blockers (Bloomberg BusinessWeek)

Crisis Communications:

• Nobody Planned This, Nobody Expected It (The Collaborative Fund)