Plus: Berkshire Hathaway gets Y2K’d, the Fed talks about “meme stocks” and condors make a mess.
As the COVID-19 pandemic wears on, there’s been something of a global chip-demic brewing. And like the pandemic, a semiconductor shortage has knock-on effects you might not expect — like not enough rental cars to go around. How will this affect the pent-up demand for post-vaccination travel this summer? We’ll talk about it. Plus: Berkshire Hathaway gets Y2K’d, the Fed talks about “meme stocks” and condors make a mess.
Here’s everything we talked about today:
“Rental Companies Buy Up Used Cars as Chip Crisis Get Worse” from Bloomberg
“The Chip Shortage Keeps Getting Worse. Why Can’t We Just Make More?” also from Bloomberg
“Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’” from The Wall Street Journal
“Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots” from The New York Times
If you want to read the Fed’s Financial Stability Report yourself, here it is.
Berkshire Hathaway’s stock price
“Endangered California condors ‘absolutely trash’ woman’s house, won’t leave” from SFGate
You can see more photos on Seana Lyn’s Twitter thread
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