Crowded trades, global taxation, a tick-tock of the Notre Dame fire and big apple news. Here’s what we’ve been reading.
- Does everyone just own the same stocks? “Years of tepid expansion have also made investors hesitant to broaden their holdings outside of the companies delivering eye-catching results,” Ira Iosebashvili writes in a Wall Street Journal story about the increasing overlap in mutual fund and hedge fund portfolios.
- Tax talk. The Financial Times asks whether the global taxation system needs a rethink in terms of how it handles multinationals.
- How does America use its land? Bloomberg’s interactive feature had some surprising details.
- The FT on Naspers: “Africa’s Softbank looks beyond its Tencent stake.
- The sweet sounds of…the Dow Jones industrial average? The WSJ converted 123 years of market movements into audio.
- Forbes finds the Cowboys, Yankees and Real Madrid are still the most valuable teams in sports.
- How we almost lost Notre Dame. The New York Times with an interactive look inside the April blaze that almost destroyed Paris’ centuries-old cathedral.
- Apple. There’s a huge new one coming in the fall. The kind you eat. What did you think we meant? The story of the “Cosmic Crisp” from The California Sunday Magazine.