Summary: Digestible financial news. Get smarter fast with an entertaining breakdown of our top 3 business stories in 15 minutes. Pairs perfectly with your commute, workout, or morning oatmeal ritual. Hosted by Jack Kramer and Nick Martell.
Bed Bath & Beyond surged 22% for its best day in a decade, but because investors are having an intervention with management. Cronos’ quarterly sales surged 248%, but there was so much more to the Canadian cannabis company’s earnings report. And the EU just passed the biggest internet regulation yet that may make you have to come up with your own original humor.
In 4 minutes, we break down Apple’s hugest product event since the iPhone (it’s all about da bundles). Winnebago’s RV sales dropped 17%, but Millennials are saving camping. And America’s getting its 1st ever 100% fully eSports stadium…in Philly
This is big. MarketSnacks has been acquired by Robinhood, and is now Snacks Daily -- Same digestible financial news, better everything else. Today, we jumped into Pinterest’s IPO filing material to discover they’re all about Millennial moms. Papa John just subbed in Shaq to be its “Pizza Wars” savior. And Tiffany’s falls even as it adds Lady Gaga to its fresh new line.
MarketSnacks Daily will be back (and better than ever) in a few weeks
In our last MarketSnacks Daily pod episode of 2018, we whipped together our 3 biggest takeaways for markets in 2018 (we’ll miss you guys until we’re back in 2019). Thanks for The Best Year Yet.
Marlboro-maker Altria is expected to spend a cool $13B on vaping leader Juul because cigarettes are dying -- now Juul’s worth $38B. General Mills had its best day because of its strategic investment in Millennial dog food. And the Fed raised interest rates again and that’s big (we’ll explain).
Meditation apps Calm and Headspace are dominating the mindfulness trend by vowing to destroy each other. The first 5G network comes out Friday and AT&T can’t wait to nag you about it forever. Our generation gets hate for replacing corporate furniture with standing desks and open offices -- And Steelcase is the office furniture phenom that just figured it all out.
OrangeTheory launches popup gyms across fancy hotels to create an Influencer-packed spin class. Amazon’s got an internal term that it’s using to bully other brands unprofitable “CRaP.” And Big Oil just backed the first carbon tax that will actually pay you money.
Louis Vuitton Moet Hennessy (LVMH) is the French luxury brand that just treated itself to a $3.2B hotel chain: Belmond. The augmented reality (AR) artist behind Pokemon Go is Silicon Valley’s Niantic -- and it just raised $200M so it can make you a Harry Potter AR game. And Johnson & Johnson dragged down markets by falling 10% because it turns out it knew its baby powder could kill people.
Apple’s trolling Amazon by dropping $1B on its own HQ2 in Austin, Texas. And we got 2 legendary food delivery stories for ya: Postmates built a meal delivery robot hitting Los Angeles ASAP, and Starbucks will finally start delivering lattes to your home.
Under Armour can put on as much sweat-wicking gear as it wants, but it couldn’t save the annual shareholder meeting in Baltimore. Germany’s 2 biggest banks might partner up in the biggest way. And Men’s Wearhouse dropped 26% because it’s really bad at stitching things together.
Boston-based Drizly’s the world’s largest alcohol marketplace, and its top-shelf liquor law disruptive methods earned another $34.5M in venture funding. Morgan Stanley was just selected to lead Uber’s IPO, but there’s a problem for other big banks. And Dollar General’s anti-recession strategy is blowing its store chain past McDonald’s (and Starbucks).
E-Scooter unicorns Bird and Lime get devalued from their $4B aspirations because winter came (and investors weren’t ready for the cold). Your ski game costs may jump again because GoPro won’t sell US GoPros in China anymore. And an epic data report reveals how Hedge Funds pay to track your location you -- and making $$ on it.
Apple just bought London-based startup Platoon to track down its future roster of musicians. Vail Resorts’ investors are bummed it needs to spend so much on snow. And Uber & Lyft both started their IPO countdown because they might not have much time to get it done.
We’re calling it: The Trade War’s beginning to look like a Cold War. Lululemon’s found itself in 2018 -- The stock’s up 70% this year, even though its latest earnings had no chill. And our “Newbie of the Day” is Firefly, which just raised $21M in a seed round to innovate billboard ads on top of your Uber.