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.
The death of Toys ‘R’ Us has a huge impact on the toy industry, so Hasbro’s blaming them and desperately trying to make 1 big shift. Direct-to-consumer razor icon Harry’s just launched a women’s line called Flamingo that’ll end an annoying commercial practice. And 100 episodes after we first told you about Quitaly, we’ve got a big update on what’s up with Italy’s beef with the European Union.
Venmo’s got a fancy new physical debit card that’s powered its best quarter ever for PayPal. Skecher’s enjoyed its best quarter yet thanks to a strategy of being anti-trend (in every way). And Procter & Gamble’s all over your parents’ bathroom -- and it’s our “Comeback of the Day” for getting growth back.
From Ben & Jerry’s to Dove soap, Unilever owns everything in your house -- And to boost quarterly sales it’s going hard after “innovative” ice cream. Square just created the coolest looking payments product for every small business. And Palantir’s the secretive data firm that serves the CIA and FBI as clients -- now it’s prepping for a $40B IPO.
Bankrupt last week. Surging this week. Sears shares popped after a secret phone recording from the CEO’s town hall meeting. Beyond Meats is the first alt-meat, plant-based food to IPO, and it just announced which banks will lead it. And Bonobos’ founder is leading the acquisition of two direct-to-consumer lingerie brands for Walmart.
Uber hosted a bunch of banks to chat about its 2019 IPO plans and valuation -- apparently its value’s jumped 67% to $120B. Netflix’s growth rate keeps growing, and it created a funky chart about its Instagram cred. And Goldman and Morgan Stanley stocks both popped because this summer's was big for tech IPOs, and these banks led them
Hold our beer. A new business and climate report shows that barley prices will get hit hard this century, and that’s even worse for brew-glomerates. The US government’s deficit jumped big (that’s not good) by 17% to $779 billion. And our acquisition of the day is Handy, the gig economy cleaning app, which got snagged by Angie’s List’s so it can own future Millennial homebuyers.
Snap’s stock is down 65% since its IPO, so we’ve got a prescription for its 3 diagnoses. Big banks kicked off the 3rd quarter earnings season, so we check out why JPMorgan’s so hot right now. And Millennials aren’t killing American cheese -- we’re eradicating it. And that’s caused cheddar cheese prices to hit record lows.
For 25M unbanked Americans, Walmart’s about to become their bank thanks to an epicly large new partnership with PayPal. Direct-to-consumer shoe phenom Allibrds raised $50M to hit a $1.4B valuation. And we break down the main reason stocks just dropped big: interest rates. We tell ya all about them.
No joke. This was the biggest day for the media industry all year -- Apple, Netflix, Snap, Walmart, Costco, AT&T, and a newbie all had disruptive news. Smile Direct Club’s valuation surged to $3.2B as it replaces your braces (and orthodontist). And after 126 years, Sears may be finally calling it quits.
The finale of tech product season wrapped up -- Google’s got a camera-free mini-bot “Home Hub” for your home and a freaky new phone. Papa John’s surges 10% on rumors the hedge fund behind Wendy’s wants a piece. And Starbucks snags $1B from activist investor Bill Ackman because he’s got a thing for coffee.
Perfect timing. And by perfect we mean terrible. Just as it’s “recovering” from more data scandals, Facebook unveils a video chat device for your home. Drugstore chain Walgreens invested in Birchbox to get its beauty game up. And Walmart’s new streaming service wants to take over everywhere that’s not a city.
Cancel the auction -- Toys ‘R’ Us’ creditors cut the bankruptcy plans short and are relaunching the company instead. Overstock.com is so desperate that its venture arm just invested in a blockchain wine company to fix fake wine. And the September Jobs Report hit a record low unemployment rate that’s a wine for wages (and stocks).
This one’s huge -- Reports revealed that China’s got a secret government unit embedding US servers with spy chips. Hershey’s online sales shockingly surged 30% thanks to 2 new innovations to get you splurging on chocolate online. And liquor legend Constellation Brands enjoyed double-digit sales growth along with its pot investments.
Tencent Music’s got nearly 1 billion users and wants to IPO in NYC -- We think Spotify could learn from its karaoke app. Target’s fighting the retail-pocalypse by partnering with the companies disrupting it. And Microsoft is our sad story of the day after its lame mid-week event didn’t impress. Anyone.
Blue Apron can’t figure life out, dropping 5% after revealing a partnership with Grubhub that was universally disliked. Amazon’s upping the pressure on competition by increasing its minimum wage 25% to $15. And Apple added student IDs to Apple Wallet yesterday to get everyone under 22 committed to Apple