(Jim Watson/Getty Images) |
The only prez to join a picket line |
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Insurance companies shelled out $140K after a bear was caught on camera wrecking luxury cars, only to discover that the culprit was a guy in a costume (later charged with fraud). Guess folks will do anything fur a quick buck.
The postelection rally cooled last week, with stocks slipping after the Fed signaled it was in no rush to lower rates. Bitcoin ended the week over $91K.
🧠Quizzy Philipps: Test your business know-how with this week’s Snacks Seven quiz. Try the first q: |
🎤 With crypto booming, we had Nat Eliason, the author of the thriller “Crypto Confidential,” join us on the “Snacks Mix” podcast to discuss what’s next for the markets. Read the transcript or listen on Spotify or Apple Podcasts.
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In before EOD… Labor officials are working overtime to push through workplace protections before time runs out on the Biden admin, which some say has been the most pro-worker administration since FDR. Last week, the National Labor Relations Board, a gov’t agency that enforces worker rights, ruled that companies can’t make employees attend meetings about the downsides of unionization. The “captive audience” meetings have been legal for nearly 80 years. FYI: Amazon is said to have held hundreds of them ahead of a 2022 unionization vote. The move is one of several on President Biden’s outgoing pro-labor docket.
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- Under the wire: The NLRB reversed a 40-year precedent this month, ruling that employers can’t say unionizing hurts worker-management relationships. Union-friendly rulings on gig workers and Amazon employees are also expected.
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Term squirm: Dems are rushing to reconfirm the board’s chair to cement a liberal majority through 2026. But some experts think President-elect Trump will buck precedent and fire all Democratic NLRB members.
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What’s next?... Trump’s POV on labor has been all over the place. On the campaign trail he vowed to exclude worker tips from federal taxes and to support legislation ending taxes on overtime pay. But he recently praised Elon Musk, suggesting the world’s richest person fired striking workers. Plus, his first term was largely seen as pro-employer. Labor experts expect Trump to narrow eligibility for overtime pay, delay workplace heat-safety rules, and reverse a ban on non-disparagement clauses in severance agreements.
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Labor doesn’t need a leader… Labor racked up major wins under Biden, with filings for union elections doubling since 2021. But workers have organized for better pay and conditions regardless of who’s in office. UAW boss Shawn Fain has repeatedly called for unions to align their next contract negotiations for a potential nationwide collective strike. Fain’s requested date, May 2028, would fall within the next presidential-election year. |
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🚨Heads up! It's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1
📲Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
🫴 Mode’s Pre-IPO offering1 is live at $0.25/share — 20,000+ shareholders already participated in its previous sold-out offering. There’s still time to get in on Mode’s pre-IPO raise and even lock in 100% bonus shares3…. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).4
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🚨Heads up! It's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1
📲Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
🫴 Mode’s Pre-IPO offering1 is live at $0.25/share — 20,000+ shareholders already participated in its previous sold-out offering. There’s still time to get in on Mode’s pre-IPO raise and even lock in 100% bonus shares3…. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).4
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Cautiously chipper… Nvidia is set to report on Wednesday as it rides the AI wave. The stock more than 3x’d this year with the AI-chip leader continuing to unload triple-digit growth. In August, it reported that its quarterly sales and profit more than doubled from a year earlier. But the stock fell after the feverish growth wasn’t as strong as the previous quarters (tough comparison). Nvidia’s set a high bar, and investors have lofty expectations, which might be hard to keep beating as competition from rivals like AMD heats up.
#Wickiator or #Glicked?… Either works for theater owners hoping that audiences give Friday’s dual debut of the heavily marketed “Wicked” and “Gladiator 2” a thumbs-up (then come back for “Moana 2”). AMC’s CEO expects November to raise the curtain on a certified fresh start for Hollywood. Despite last year’s #Barbenheimer boost, the box office has yet to return to its prepandemic sales following shutdowns, production delays, and flops. Cinemark, the US’s No. 3 chain, has seen glimmers of a comeback; it reported record Q3 sales, popped up by pricier tickets and concession-stand treats.
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Doge’s bark… comes with a postelection bite. While bitcoin grabbed headlines and set records after Trump’s win, it’s been dogecoin — the Shiba Inu-themed token — that’s seen outsized gains and trading volume. The OG meme coin is up nearly 120% since the election (vs. BTC’s 30%), with alts like dogwifhat and pepe riding its furry coattails. Last week, the combined market cap of top meme coins popped 127%, to $126B. The surge came as Trump announced an advisory committee (dubbed “DOGE”), and crypto-industry execs spoke of a friendlier regulatory era.
Mass X-odus… Bluesky, a social-media app founded by former Twitter boss Jack Dorsey, gained 2.5M+ new sign-ups after Trump’s reelection. At the same time, Elon Musk’s X saw the largest user exodus since 2022. Bluesky now has 16M+ users after opening to the public in February, and last week it was among the most-downloaded apps. Meantime, Meta said its Twitter-esque Threads app had 15M sign-ups this month. X still has millions more users than Bluesky, but brands like Best Buy and Target have left Musk’s platform.
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We can’t predict your future. But we can help you create the life you’re envisioning.
Every day, millions of investors are turning their financial goals into reality with ETFs like DIA, where you get 30 US blue chip stocks in a single trade. Wherever you’re heading, getting there starts here.
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We can’t predict your future. But we can help you create the life you’re envisioning.
Every day, millions of investors are turning their financial goals into reality with ETFs like DIA, where you get 30 US blue chip stocks in a single trade. Wherever you’re heading, getting there starts here.
Get started.5 |
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The ticketing giant music fans love to complain about is hoping to tune out a DOJ lawsuit and double down on VIP experiences. Read more. |
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- As the world’s population grows, the market for desalination (making saltwater drinkable) is expected to more than 2x by 2032.
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The crypto industry’s prepping for a pro-crypto regulatory era under Trump that could see the approval of new investment products like altcoin ETFs.
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Pharma stocks (Pfizer, Eli Lilly) slid after Trump said he’d appoint Robert F. Kennedy Jr., a vaccine skeptic, to lead the US’s top health agency.
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Apple’s recent $3T valuation has spurred a series of impressive raises among smartphone innovators — and $MODE’s pre-IPO offering1 is no exception. It’s now live at $0.25/share — lock in up to 100% bonus shares3 while the raise lasts.4
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Monday: Home builder confidence index. Earnings expected from Trip.com
- Tuesday: 1,000th day of the Russian invasion of Ukraine. US housing starts. Earnings expected from Walmart, XPeng, Lowe’s, Medtronic, La-Z-Boy, and Dolby Labs
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Wednesday: Earnings expected from Nio, Target, TJX, Nvidia, Palo Alto Networks, and Jack in the Box
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Thursday: Weekly jobless claims. Existing-home sales. Earnings expected from Baidu, Deere & Co., BJ’s Wholesale Club, Warner Music, Ross Stores, Gap, Intuit, and NetApp
- Friday: Consumer sentiment. US services and manufacturing PMI
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Authors of this Snacks own bitcoin and dogecoin and shares of: Amazon, AMD, Apple, Eli Lilly, Nvidia, and Walmart |
Advertiser's disclosures:
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. 2 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. 3 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
4 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
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. 5 All ETFs are subject to risk, including possible loss of principal.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing. ALPS Distributors, Inc., member FINRA, is the distributor for SPY, a unit investment trust. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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