Friday links: the written word
Indexing The first retail index fund, via Vanguard, turned 50 years old. (morningstar.com) Who won from the index fund revolution? (bloomberg.com) 'Bogle's folly' turned out not to be. (wsj.com) Finance A look at the big players in the pre-IPO stock space. (pitchbook.com) Is Jane Street a prop trading firm, or a hedge fund? (ft.com) Walmart Last quarter, Walmart ($WMT) sales are best described as…
The first retail index fund, launched by Vanguard, marked its 50th anniversary. The index fund revolution benefited a diverse range of investors. Bogle's original theory about index funds proved resilient over time. In the pre-IPO stock market, a few major players dominate the landscape. The nature of Jane Street's operations remains a topic of debate, with some suggesting it operates as a prop trading firm while others argue it functions more like a hedge fund.
Walmart's sales for the last quarter were modest, according to the New York Times. The retail giant will soon begin accepting contactless payments. Anthropic is considering a record-breaking IPO offering. Samsung has decided to return capital to its shareholders. The impact of Micron's stock surge on Boise, Idaho is significant.
Stripe has acquired OpenRouter for a reported sum of $8 billion. Marc Lore has put the Minnesota Timberwolves up for sale at a valuation of $4.5 billion. The Phoenix Suns are owned by UWM Holdings and its CEO Matt Ishibia. The Oakland Raiders have made a plea for additional public funding for their Allegiant Stadium. Former ESPN host Bill Simmons discusses America's obsession with sports wealth with journalist Derek Thompson.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
