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.
