Another Bank Failure: RIP First Republic (1985-2023)
First Republic Bank (NYSE:FRC) has dethroned Silicon Valley Bank as the second-largest bank failure in history — becoming the third bank to collapse in under...
Stocks
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Zuck is Willing to Pay Big for Both the Metaverse and AI
Number of times “AI” was said on Meta’s earnings call: 47. And “metaverse”: 10. Meta’s CEO, Mark Zuckerberg, has a new passion, and this one’s...
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Chipotle: America’s Love for Burritos Brings All-Time Highs
Americans love burritos. So much so that it took the number one spot on Grubhub’s most-ordered items last year. The avocado-hungry Chipotle — which buys...
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Investors Hit Play on Spotify; CEO Daniel Ek Presses Pause on Podcast
Music streaming service Spotify jumped 5% yesterday — hitting 515M monthly active users in the first quarter — as new subscribers doubled Wall Street’s expectations...
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Bed Bath & Beyond Joins Blockbuster in the “Failed to Innovate” Graveyard
Moment of silence for the meme-stock legend and one of America’s most popular home goods retailers. On Sunday, Bed Bath & Beyond filed for Chapter...
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Ryan Reynolds’ New Investment in Payments Provider Nuvei
Does every company that Ryan Reynolds touches turn to gold? We’re about to find out. In 2020, the actor and business guru sold his gin...
