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.
Goldman Sachs’ scandal in Malaysia is a bribe fest that dropped its stock 7%. Liquor legend Diageo is selling off 19 of your go-to throwback liquor brands, from Goldschlager to Popov Vodka, but it’s all part of a top-shelf strategy. And Qualtrics is our “Shocker of the Day” because it sold itself for $8B -- days before it was about IPO.
Alibaba’s annual Singles Day ecommerce celebration beat Amazon’s Prime Day within 10 minutes -- but was it a success? Revlon’s got an “Optimization Plan” to fix its fragrance problems. And Juul made a big move on flavored e-cigs, but it’s really all just vape smoke and mirrors.
2018 was Disney’s best one yet, and it doesn’t even compare to what Mickey’s got coming in 2019. Energy drink icon Monster dropped 10% on word it’s got an awkward “situation” with Coca-Cola. And business travel fixer TripAction hit a $1B valuation to become our “New Unicorn of the Day.”
Stocks surged post-election, but the real winner was cannabis stocks as 10 states have now fully legalized weed. Groupon dropped 10% even though it’s got a master plan to save itself. And Roku’s the streaming dongle in 24M homes that should embrace its new position in TV land.
Tinder-owner Match.com’s got an insane new marketing campaign across campuses to get you getting down. Marriott had a bunch of lame excuses for its bad quarter -- and cleaners are striking over its “environmentally friendly” room idea. And Toyota’s putting its small cars down (RIP Prius), and not allowing any pen purchases for 5 years because of its 12 pillars.
Ferrari’s cheapening itself to appeal to Millennials -- with a $220K “entry level” car that’s killing it. Warren Buffett’s Berkshire Hathaway enjoyed its record $18.5B in quarterly profits, but 1 specific move may be a red flag about the US economy and stock market. And HQ Trivia’s plummeted out of the top 10 most-downloaded apps, but its problems are even bigger.
Female club-coworking pioneer The Wing just launched an in-house childcare arm that’s a huge win for gender career equality. 1-800-FLOWERS.com enjoyed a surge in gift basket and flower demand because Americans are celebrating everything. And ecommerce giant Alibaba revealed numbers that tell us more about China than China tells us.
Apple set a record with its earnings, but investors have a bad feeling -- so we found a bunch of fascinating details you aren’t gonna see elsewhere. PSL season is over for Starbucks, but its aggressive 2018 holiday plans have people freaking out. And Spotify dropped 10% after its CEO had to apologize for actually having a profit (too soon, man. Too soon).
Taco Bell. Pizza Hut. KFC. All owed by by Yum Brands, which is using insane new menu items to fuel sales worldwide. Fitbit stock popped after reporting its 1st profit in 2 years -- we break down the 2 big reasons why. And GM isn’t a car company -- It’s now a truck company that’s reducing 36% of its US staff to transform into a self-driving car company.
Hershey’s is raising the price of your candies and messing with Reese’s Peanut Butter Cup sizes in a way we’re not cool with. Under Armour’s stock popped 25% because it’s finally not shrinking after 2 years. And Facebook’s earnings report was solid -- but it got embarrassingly beat by a single journalist before the mid-terms.
Aggressively local salad chain Sweetgreen snagged $200M in funding to hit a $1B valuation -- and it thinks it’s a tech company. Goldman and JPMorgan decided to end sophomore winter internship interviews because they’ve got a problem. And Google, Snap, and Twitter all had really strange developments.
Chipotle’s sales popped 4% thanks to an epic new ad campaign and healthy National Guac Day. The ridiculously expensive Austin, TX cooler co. Yeti finally IPO’d after it cancelled twice. And AT&T is transformed into a completely new media thing: “Verizon meets Disney.”
Google parent Alphabet technically reported earnings, but everyone only focused on the latest drama -- it paid a guy $90 million to leave for sexual harassment. Budweiser’s lame move to cut its dividend is a sign that its $104B SABMiller acquisition was questionable. And Twitter and Snap both lost lots of users last quarter, but it only hurt one of them.
Tesla just enjoyed its 3rd ever profit thanks to its Model 3 -- shockingly, America’s best selling car last quarter. Adidas faced a major conviction for its college basketball scandal, and Germany could end up paying for it. And markets are officially in a “correction” -- we break down what that means, and who you can blame.
McDonald’s is going through the “biggest makeover in its history” and that’s got investors to pump the stock up to its highest point ever. Lime’s the $1.1B e-scooter unicorn that sneakily revealed it’s opening a physical store. And Harley-Davidson keeps on struggling, despite a huge new effort to become relevant to you.