Wealth Management News & Insights
Popular Leveraged Funds Shock Investors With Huge Losses, Lululemon is Partnering With the NFL to Release Apparel For All 32 Teams, ChatGPT Should Make Retailers Nervous
Primary Sources
- Warner Bros. Discovery Initiates Review of Potential Alternatives to Maximize Shareholder Value: Its Board of Directors today announced it has initiated a review of strategic alternatives to maximize shareholder value, in light of unsolicited interest the Company has received from multiple parties for both the entire company and Warner Bros. [Warner Bros. Discovery]
- Current and Former National Basketball Association Players and Four Other Individuals Charged in Widespread Sports Betting and Money Laundering Conspiracy: Defendants allegedly used non-public injury and lineup information to place fraudulent wagers worth hundreds of thousands of dollars. [DOJ]
- Indictment Document: United States of America against Eric Earnest, Marves Fairley, Shane Hennen, Damon Jones, Deniro Laster, Terry Rozier. [DOJ]
- Indictment Document: United States of America against Ernest Aiello Nelson Alvarez, and others. [DOJ]
- The Next Chapter of the Microsoft–OpenAI Partnership: Since 2019, Microsoft and OpenAI have shared a vision to advance artificial intelligence responsibly and make its benefits broadly accessible. What began as an investment in a research organization has grown into one of the most successful partnerships in our industry. [Microsoft]
- Press Release – Federal Reserve Issues FOMC Statement: Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. [FRB]
The chart above shows Netflix’s share of US TV time between Q4 2022 and Q3 2025. Netflix’s share increased slightly, while the “All Other Streaming” category increased more significantly.
Financial Markets
- Popular Leveraged Funds Shock Investors With Huge Losses: Some funds offering to double single-stock moves have veered sharply off course from the shares they track. [WSJ]
- Chocolate Makers Hopeful That 2026 Brings Cheaper Cocoa: Improved weather in cocoa-growing places like West Africa looks to deflate costly candy prices. [WSJ]
- Berkshire’s New Normal – No Buffett Shareholder Letter and No ‘Buffett Premium’: Warren Buffett is still Berkshire’s CEO for two more months. The company’s stock is trading as though he has already retired. [WSJ]
Financial Planning
- Wealthy Families Are Writing Mission Statements to Avoid Fights, Lost Fortunes: Advisers help families spell out their values for generations to come. [WSJ]
Business Strategy
- Lululemon is Partnering With the NFL to Release Apparel For All 32 Teams: Lululemon is partnering with the NFL to launch an apparel collection featuring the logos of all 32 NFL teams, the company and league announced Monday. [CNBC]
- Coffee Delivery is Now a $1 Billion Business for Starbucks: The coffee giant said on Wednesday that its annual delivery sales crossed the milestone in fiscal 2025, which ended on Sept. 30. [CNBC]
- Puck Acquires Air Mail, a Newsletter Merger for the Well-Heeled Inbox: Graydon Carter, the legendary Vanity Fair editor who founded Air Mail, is leaving the company. [NYT]
- Large Language Models Get All the Hype, but Small Models Do the Real Work: For many tasks in corporate America, it’s not the biggest and smartest AI models, but the smaller, more simplistic ones that are winning the day. [WSJ]
- ChatGPT Should Make Retailers Nervous: Retail companies risk losing control of the online shopping experience. [WSJ]
Life & Work
- Ben Stiller Was Hollywood’s Funny Guy. But He’s Always Been Serious: He’s best known as a comedy star who defined the Gen X sensibility. But what he really wants is to work behind the camera. [WSJ]
- I Decided to Run a Marathon. Then I Did Something Crazier. I Let ChatGPT Be My Coach: When she started training for the New York City Marathon, Journal reporter Isabelle Bousquette entrusted her entire preparation to AI. The results have been decidedly mixed. [WSJ]
- Colleges Face a Financial Reckoning. The University of Chicago Is Exhibit A: Decades of big spending, new federal funding cuts and a changing view of higher education created a perfect storm; ‘Spending Your Tuition On Its Mistakes’. [WSJ]
- How to Watch ESPN and Other Disney-Owned Channels Without YouTube TV: While YouTube TV finalized a deal with NBCUniversal to continue carrying its portfolio of channels, it’s not clear how long the agreement will last. [Variety]