Friday's Fast Five: Week of 4.14
Invest Like the Best - Trail Magic (Apple Podcasts): Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Host Patrick O'Shaughnessy put together a few of his favorites from the past six and a half years of doing the show, episodes that he often listens back for inspiration, energy, and their timeless ideas on life and investing.
Venice Is Saved! Woe Is Venice. (The New York Times): After centuries of flooding, Venice has at long last raised seawalls to save itself from high water. But climate change and rising seas pose a gnawing question. Will Venice one day have to cut itself off from the waters that are its lifeblood?
GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin (CNBC): General Motors pulled ahead of Ford Motor to become the country’s second-best seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, on Tuesday reported EV sales of 10,866 over the same time frame. GM still significantly trails Tesla in EV sales. Motor Intelligence estimates Tesla, which does not report sales by region, sold 161,630 EVs in the U.S. during the first quarter.
Cities are struggling. San Francisco could be in for the biggest ‘doom loop’ of all (San Francisco Chronicle): San Francisco officials and business groups acknowledge the possibility of a doom-loop scenario, as some economists call it, and agree that the city will struggle through an indefinite transition period. But they are optimistic the city — as it has after previous downturns — will bounce back to resemble what it was before 2020.
Apartment-Building Sales Drop 74%, the Most in 14 Years (The Wall Street Journal): Sales of rental apartment buildings are falling at the fastest rate since the subprime-mortgage crisis, a sign that higher interest rates, regional banking turmoil and slowing rent growth are undercutting demand for these buildings.