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.
Tilray’s CEO said after the Cannabis company’s first ever earnings report that the whole world will legalize weed soon. Amazon’s interested in making more money through its Fire TV stick, which is bad for Roku and Tivo. And Alphabet’s going to start making money this year with its self-driving robo-taxis (bold claim by Morgan Stanley).
Micky D’s app usage is up 40%, and Jeffries Bank tells us why it boosts the stock’s value. Bose unveiled its first, true smart speaker in the high-end audio industry it used to dominate. And Tiffany’s CEO has achieved the impossible -- win with high-end and entry-level customers
Uber raised $500M from Toyota, but its big move was launching a new “guilt” method to mess with short trips that cities hate. JetBlue’s making moves on new “ancillary fees” that could result in “Nutrition Facts” on your tickets. And NAFTA’s getting a new look that we take a look at.
Y Combinator is the legendary accelerator that produced Airbnb, Dropbox, and Instacart. And it just unveiled its next 122 startups at its famous Demo Day. So we broke that down to our 3 favorites representing huge potentially market-moving trends: Inokyo, Emojer, and Inscribe. You’ll be the first to know about ‘em before they’re big.
Eventbrite is bearing it all to potential investors with its prospectus unleashed before this fall’s IPO -- so we dug into it (all 150 pages). Alibaba didn’t do anything surprising last quarter, and that’s big news. And Sony’s adorable puppy robot business is the future of elderly care.
Starbucks can’t decide if it wants to be insta-tastic or upscale chic (or basic or hipster) -- but Pumpkin Spice Latte’s are coming at ya earlier than ever. Target just delivered incredibly in the most fundamental way a store can. And Saudi Arabia had plans to IPO its $2 trillion oil company....and then cancelled.
It’s official. Wall Street’s enjoying its longest “bull” run in history -- and it’s gonna make econ textbooks get rewritten. Goldman Sachs partnered up with MilkShip to finally make it easy for moms to send home their breast milk fully-refrigerated. And La-Z-Boy aggressively avoided a summer slump by making comfy stuff for Millennials, but we look at why it hates the internet.
Pepsi’s legendary CEO made one more huge (healthy) acquisition to pivot away from unhealthy soda (spoiler alert: it’s SodaStream). Farfetch is the British online marketplace for expensive brands and it’s IPO’ing for a $9B valuation -- plus, it solves something Amazon can’t. And Tyson Foods bought Keystone Foods (the McNugget maker) for $2 billion to ironically go “premium.”
You gotta know these three. They’re not just Chinese tech juggernauts -- they may even be out-innovating their American competition: JD.com crushes e-commerce (@Amazon), Tencent owns social media (@Facebook), and Nio wants to be all over electric cars (@Tesla).
Walmart is cool (again?) after an earnings report worth worshiping. Rumor is Amazon’s got an itch to buy Mark Cuban’s indie movie theater chain Landmark to spread the joy of Prime. LA-edgy minimalist watch startup MVMT sells for a hefty $100M to old school Movado.
Corona owner Constellation brands is adding more pot to its liquor cabinet by investing $3.8B in Canadian cannabis company Canopy Growth. Pandora and T-Mobile nailed down a partnership that explains why bundles are the new discounting. And PetIQ is going super boogie on fancy pet food -- and getting rewarded for it (Walmart likely).
Google’s getting into healthcare mode by investing $370M in the Millennial-ish branded health insurance startup, Oscar. Home Depot’s living its best life right now with home prices rising and a new locker feature. And Groupon’s paying out millions to IBM because it used a IBM’s internet patent that it somehow patented in the ‘80s (before the internet was a thing).
Athleisurewear officially beat denim as Lee’s, Wrangler, and Republic are getting spun-off from VF Brands -- they’re focusing on The North Face and Vans instead. “The Meg” is a shark movie produced in the US and China, but it’s changing the future of Hollywood’s marketing strategies. And the Turkish lira is plummeting, so we break down why and how.
3 huge companies are going public in 2019 -- and all 3 just had huge updates that affect their future IPOs. Casper’s reverse-disrupted itself, Airbnb’s biz travel arm tripled in size, and Uber/Lyft got the kibosh in their biggest market.
Planet Fitness is in better shape than most stocks you’ll ever see. Samsung introduced a huge new product, but Spotify is the real winner. And Crocs is our “Comeback of the Day” because it hates on itself (and it’s open about it).