Weekly Review, February 19 2024
Fortis’ News of the Week:
Although Millenial and Gen Z wealth has grown by roughly 80% in recent years, they are still $94 trillion behind Boomers according to the NY Fed.
Fees and underperformance of active funds have led to passive funds overtaking investing in terms of AUM. This trend could be seeing a turn though with the increased popularity of individual stocks among new investors.
Drone footage of a small, possibly newborn great white shark off the coast of California could be marked as the “holy grail of shark science”.
Air Canada must honor an AI created refund policy despite claiming they should not be held liable as AI is a separate legal entity.
Walmart is in talks with Vizio to purchase the company as they are listed as one of the best-selling smart TV’s in the store.