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.
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.
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.