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.
It’s pre-pre-holiday season, so Amazon suddenly announced a surprise product reveal event: 8 new Echo/Alexa products so you can dominate gift giving (including a microwave). Gap’s struggling hard, so it’s going all-in on the athleisurewear trend with a guy brand to complement Athleta. And after a 60-year holdout, Budweiser-owner AB-InBev got a blessing from the playing field with a new deal to put athletes in commercials.
No more lying to your boss about how much you ran this morning -- Fitbit shares rose for its new feature that tracks all your health data for your employer. Erectile dysfunction startup Roman is less than a year old, but just raised $88M to change its name and take on a new problem. And Airstream-owner Thor (great name) makes a big move to take RVing worldwide.
Cereal was killing General Mills -- But shares dropped 7% because it’s lost its 1 good thing. Postmates raised $300M to officially become a unicorn, so the CEO saddled up on some IPO plans. And Audi’s new electric SUV dropped Tesla’s stock -- and it’s partnered up with Amazon to convince you to buy one.
Cannabis stocks surged on word Coca-Cola’s been chatting with Aurora Growth to create a “functional wellness beverage” using pot ingredients. Amazon’s got a problem with ratings fraud that could hurt trust at a critical time. And Salesforce CEO Marc Benioff and his wife, Lynne, bought Time Magazine as a “social impact” investment -- that reflects a sad thing for news journalism.
Goldman Sachs’ stock fell for 11 straight days. The new CEO has a tough first assignment: Get the mojo back. A Brazilian e-scooter and bike startup is learning from its American first-movers on how to do mobility -- And its record $63M Series A could make it even better than Bird or Lime. And Google wants to make money again in China, but it’s employees don’t -- their new secret internal email chain reveals it.
Walmart went way out of its comfort zone, tossing an urban makeover all over its Jet.com ecommerce website. Restoration Hardware’s unreal new flagship store shows it’s making brick-and-mortar retail aggressively experiential (think Vegas meets Disney meets Martha Stewart). And spinning disruptor Peloton wants to sweat-challenge Flywheel, so it's suing its competitor for 2 reasons.
Apple’s epic annual product unveil came down to 4 things -- we’re not that impressed, but we got you covered on all of them. Tobacco stocks are loving that e-cigarette unicorn Juul just got hit hard by the FDA’s anti-teen smoking task force. And Snap’s stuck with 2 problems in 1 day that dropped shares to their worst level ever.
The Winklevosses (Winklevii?) created a less-volatile “stable-coin” tied to the US dollar to make cryptocurrencies easy enough for grandma. Uber finally hired a Chief Marketing Officer to fix its greatest weakness before the IPO. And your childhood go-tos Yahoo and AOL hoped to make a comeback at Verizon -- but the wireless conglomerate just lost interest.
Volvo’s marketing is simple (a Subaru with a trust fund). But its IPO became really, really complicated. Alibaba’s fearless leader released official succession plans -- we break down Jack Ma’s impact (and smile) on Chinese business and society. And wedding-planning go-to Pinterest aggressively hates the spotlight, but its sudden growth just launched it to a potentially pin-worthy IPO next year.
You don’t have to watch Elon Musk take a hit on-air while recording a podcast -- We got ya covered on how his insane flame-throwing, pot-smoking interview smacked Tesla’s stock. Blood-testing unicorn Theranos has been a fraud for a while, so we checked out it’s last day ever (“dissolving”). And the August Jobs Report was America’s 95th straight month of job gains, but this one’s extra special for retail companies.
Bumble revealed plans to launch its official offline “Hive” hangout spots for women’s networking. Spotify’s messing with the music industry more by getting into the *musician industry. And Barnes & Noble really bad year got really worse after a brutal earnings report (this book doesn’t end well).
Senator Sanders introduced a perfectly-named bill to end “Corporate Welfare” and it targets Amazon CEO Jeff Bezos. The NFL season begins Thursday -- Ratings dropped 10% last year and the NFL’s counting on legalized gambling. And Twitter waffled on whether to delete Bots in its testimony before Congress.
Nike’s strategically taken on some drama with its big Colin Kaepernick marketing move. Dunkin’ shares hit their all-time high after the coffee industry gets hot. And Evernote’s fallen from the #1 productivity app to #55 and may suffer a “down round” -- so we checked out why
Doesn’t matter if you’re a gamer, not a gamer, or a game-hater -- We looked at 3 leading companies influencing gaming: Fortnite, Twitch, and Microsoft. And then we got excited about how Fortnite is crushing every video game, Twitch will transform how you do your job or school, and Microsoft is changing how you pay for it all.
J. Crew’s 15 straight quarters of falling sales finally ended -- and 1M yards of cotton t-shirts played a key role. Campbell Soup’s sales would’ve fallen 3% if you didn’t count all those companies it just bought, so it’s selling off its 2 best brands to save itself. And Advanced Micro Devices is our “Dino of the Day.” It’s 50-years-old, but that hasn’t stopped its 120% stock surge this year.