(Taylor Hill/Getty Images) |
Devyn Garcia gets ready for the show |
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The world may soon have another 366-foot-tall chicken Big Mac. A second Sphere, similar to the concert venue that displays skyline-sized ads in Vegas, is headed to Abu Dhabi.
Stocks retreated yesterday from Monday’s records, dragged down by chipmakers. Big banks logged better-than-expected earnings. So far this season, 40 companies in the S&P 500 have reported earnings, and 80% of those have beaten estimates. |
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Bombshell’s back… Last night Victoria’s Secret held its first fashion show in six years, wings and all. The show was canceled in 2019 as VS faced backlash for its lack of inclusivity and comments by a top exec about not casting plus-size or transgender models. By then, the brand’s popularity had already passed its peak. VS said it wanted this year’s show to reflect “who we are today” and added plus-size models like Ashley Graham and Paloma Elsesser and openly transgender model Valentina Sampaio to its runway (alongside returning stars like Candice Swanepoel and Tyra Banks).
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- Strut: The show, which hit its zenith in 2012 with 12M viewers clad in Pink sweatpants, aired last night on Amazon Live and featured an all-women lineup of musical acts including Cher and Tyla.
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It’s no secret… that VS’s wings got clipped in the late 2010s. Execs at then parent co L Brands had been accused of perpetuating a misogynistic culture rife with inappropriate conduct. The brand had been steadily sliding from its 2016 sales record of nearly $8B as it failed to adapt to a new era of inclusivity and comfy bralettes. In 2020, L Brands spun VS off into a private co valued at $1.1B. VS went public again in 2021, and has yet to make its Y2 comeback. Last year, sales fell 3% and VS forecast they’ll drop again this year. But it’s been working on a makeover:
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- 5 undies for $25: classic mall throwback. As VS shutters mall stores, it’s opening locations with size-inclusive mannequins and techy fitting rooms.
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Shakeup: VS recently poached the CEO of Rihanna’s trendy lingerie co Savage X Fenty.
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VS needs to pull an Abercrombie… Abercrombie’s downfall was similar to VS’s: controversies surrounding its then CEO paired with its failure to adapt to more inclusive times. But Abercrombie has made a fierce comeback, nabbing record sales as it wins over zillennial shoppers. Victoria’s Secret could grow back its wings, too, if it strikes the right pose.
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🔋The tech: an air-independent fuel cell that turns hydrogen and oxygen into water and electricity. 🧑‍🚀The demand: Infinity has already acquired $50M+ in contracts with NASA, US Navy, and major commercial space partners.
📢The track record: Their CEO has already taken a hydrogen company public on the Nasdaq. |
Going off-grid… Infinity is taking energy to a new dimension, with the potential to power EVs, spaceflight, and more.
Don’t miss the chance to help fuel the future. Become an Infinity shareholder by 10/25.2 |
1 The device as a regenerative fuel cell creates a continuous energy process for the life of the product. |
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🔋The tech: an air-independent fuel cell that turns hydrogen and oxygen into water and electricity. 🧑‍🚀The demand: Infinity has already acquired $50M+ in contracts with NASA, US Navy, and major commercial space partners.
📢The track record: Their CEO has already taken a hydrogen company public on the Nasdaq. |
Going off-grid… Infinity is taking energy to a new dimension, with the potential to power EVs, spaceflight, and more.
Don’t miss the chance to help fuel the future. Become an Infinity shareholder by 10/25.2 |
1 The device as a regenerative fuel cell creates a continuous energy process for the life of the product. |
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Reaching a coin-sensus… VP Kamala Harris’ campaign on Monday announced support for a “regulatory framework” for crypto and digital assets designed to protect investors. The crypto push is part of Harris’ “Opportunity Agenda for Black Men,” which includes legalizing pot at the federal level and providing forgivable loans for entrepreneurs. FYI: the Harris campaign said more than 20% of Black Americans own or have owned crypto.
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Joining the party: Harris hadn’t spoken much about crypto on the trail, and her proposal turned industry heads. Bitcoin and ether both climbed more than 5% on Monday.
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Promising the moon: Former President Donald Trump has promised industry-friendly regs and spoken of creating a bitcoin “stockpile.” In 2021 he called bitcoin a “scam.”
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Final sprint… The crypto industry’s been spending big ahead of next month’s elections. According to OpenSecrets, a nonpartisan org that tracks election spending, Coinbase and the cofounder of Ripple each recently gave $1M to a PAC supporting Harris. Super PACs supporting Trump have received millions from crypto-industry bigwigs, including Gemini founders Cameron and Tyler Winklevoss. Meantime, downballot spending by pro-crypto super PAC Fairshake, whose largest donors are Coinbase and Ripple, has passed $36M. The pro-crypto super PACs Defend American Jobs and Protect Progress have spent a combined $90M+ on federal elections.
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Money talks… The crypto industry accounted for nearly half of corporate election spending this cycle. The flood of cash has pushed the topic of crypto regulation to the forefront during the campaigns’ final few weeks as both candidates make more nods to the industry. |
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Who knew lo-fi mixed with snippets of Gregorian chant could be so good — and profitable? Read more. |
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*Discount auto-applies at checkout. |
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- Big banks including Goldman Sachs reported surging investment-banking revenues as rate cuts boosted dealmaking optimism.
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The US Transportation Department fined Lufthansa $4M, accusing the German airline of discriminating against Jewish passengers.
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Sports icon Tom Brady got the greenlight from NFL owners to become a minority owner of the Las Vegas Raiders.
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Boeing will try raising up to $25B to bolster its balance sheet as it deals with production delays from its workers’ month-long strike.
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Walgreens, which beat sales-growth estimates, will close 1.2K stores over the next three years as it tries to turn its struggling US biz around.
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Sci-fi supply (and demand): Infinity Fuel’s renewable energy tech has secured them $50M+ in contracts with NASA and other commercial space partners — discover the investment offering.2
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Earnings expected from United Airlines, ASML, Morgan Stanley, Abbott, U.S. Bancorp, Citizens Financial Group, Synchrony Financial, Alcoa, PPG Industries, Equifax, and Discover
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Authors of this Snacks own bitcoin and ethereum and shares of: Amazon |
Advertiser's disclosures:
2 This is a paid advertisement for Infinity Fuel Cell and Hydrogen, Inc.’s Reg CF offering. Please read the offering circular and related risks at https://invest.infinityfuel.com/.
Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. |
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