BlackRock is the leading asset management firm with $9.1 trillion in AUM
Vanguard follows closely behind with $7.6 trillion in AUM. However, after Vanguard, there is a considerable drop-off in total AUM, with the next top asset management firms having relatively similar AUM figures. Source: Genuine Impact
The "X" war...
As highlighted by The Kobeissi letter, Meta currently owns the trademark for "X" in relation to "online social networking services." However, Microsoft owns the trademark "X" as it relates to online chat rooms and finance. Meanwhile, Twitter wants to make "X" into an everything social network with finance and banking. All while Twitter is suing Meta for copying Twitter... Source: Kobeissi letter
Spanish conservative leader Alberto Nunez Feijoo won the most seats in Sunday’s election and is on track to govern with the support of the far-right group Vox, according to opinion polls.
Feijoo’s People’s Party is set to claim about 150 seats in the 350-strong parliament while Vox will get around 31, according to a survey by GAD3, which was published when voting closed at 8 pm in Madrid. The Socialists were set to win 112 seats. Source: HolgerZ, Bloomberg
Secondhand Rolex Watch Prices Index Hit Lowest Since May 2021
Behavior of younger customers, a slowing global economy, rising interest rates, the cryptocurrency crash and increased supply have contributed to this slump. Source: FastReveal through C.Barbaud
The world's most expensive commercial airplane ticket is a one-way flight on Etihad Airways from New York City/JFK to Abu Dhabi
Their first-class "The Residence" offers a separate bedroom and private bathroom. This flight lasts 12 hours and 30 minutes, costing approximately $88 per minute. Source: Genuine Impact
What are the best airlines? This depends on how you quantify the best.
Source: Genuine Impact
Total Put/Call Ratio drops to lowest level since November 202
Source: barchart
BlackRock names Saudi Aramco CEO Amin Nasser to board
Middle East and Saudi Arabia strategic importance for the global economy and financial markets is growing at a fast pace. BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining the asset manager’s board of directors. The world’s largest asset manager said the move reflects the firm’s emphasis on the Middle East as part of its long-term strategy. BlackRock had more than $8 trillion in client assets under management as of 2022. (NB: Not sure that the #esg activists will like it...) Source: CNBC
