View Online
|
Sign Up
TOGETHER WITH
|
|
Good morning. Sometimes
good things do happen: Carl Nassib, the Raiders player who on Monday
became the first active NFL player to come out as gay, has had the
top-selling jersey across the Fanatics network for two days straight,
per ESPN.
|
|
|
Nasdaq
|
14,253.27
|
|
|
|
S&P
|
4,246.44
|
|
|
|
Dow
|
33,945.58
|
|
|
|
Bitcoin
|
$32,637.13
|
|
|
|
10-Year
|
1.467%
|
|
|
|
Peloton
|
$117.17
|
|
|
*Stock data as of market close, cryptocurrency data as of 5:00pm ET.
Here's what these numbers mean.
|
-
Markets: So far, so good this week. The Nasdaq hit an all-time high
thanks to all Big Tech names climbing at least 1%. Bitcoin
bungee-jumped down below $30,000, wiping out all its gains for the year,
before springing back up in the afternoon. And Peloton gained after launching a corporate program to court B2B clients.
-
Politics: Brooklyn borough president Eric Adams opened a wide lead in the NYC Democratic mayoral primary, and Andrew Yang bowed out of the race.
|
|
Yesterday, Tinder announced some of the biggest changes since its 2012 launch to adapt to a pandemic-altered dating landscape. Some new features...
-
Videos: Tinder is letting users attach up to nine short videos to their profiles.
-
Hot Takes: Users can discuss their spiciest opinions before matching, available 6pm to midnight on weekdays.
-
Explore: A mode that lets you scan the virtual room before going in and striking up a conversation.
If this all
sounds like Tinder attempting to become the next TikTok, you’d be
half-right. Gen Z accounts for over 50% of Tinder’s user base, and
adding videos and opportunities to display an “authentic” self is
intended to attract more young adults to the app.
But CEO Jim Lanzone stressed
that the company isn’t trying to become a social media platform for
friends. The end goal is still to foster romantic relationships, but
with pandemic-era tweaks.
Users coming
out of Covid “just want to slow things down and get to know people
first a lot more before they decide to match, let alone before they
decide to go meet someone offline,” Lanzone told the BBC.
Some dating apps are taking a different approach
Bumble, an app known for requiring women to make the first move, is doubling down
on its “Bumble BFF” feature to help nurture IRL friendships. Bumble BFF
accounted for 9% of the app’s monthly active users in September 2020,
CEO Whitney Wolfe Herd told Reuters.
And Match
Group, which owns Tinder, recently acquired a South Korean company,
Hyperconnect, that promotes conversations across borders and languages.
Bottom line: With lockdowns mostly over, people are turning to dating apps to find new friends, benefits included or not.
|
|
Yesterday, the Biden administration acknowledged
that it’ll come up just short of reaching its goal of partially
vaccinating 70% of US adults by July 4. If the current pace of
vaccinations continues, 67% of adults will have at least one shot of a
Covid vaccine by the time the fireworks start, according to the NYT.
People
around Biden say, “Ehhh, close enough,” as they talk up the big rebound
in the economy, which is projected by the Fed to grow 7% this year. But
the miss reflects significant vaccine hesitancy in the US and the waning
power of financial incentives to get people off their couch and into
Walgreens.
And a major threat looms
Covid’s hottest variant is delta, a more transmissible strain spreading around the globe that Dr. Fauci called the “greatest threat”
to eliminating the pandemic in the US. Vaccines have been shown to
protect against delta, but experts are warning of surges in regions with
lower vaccination rates—like the South—this fall and winter.
Bottom line: Health officials are painting a portrait of “two Americas,” one in regions with high immunization rates and the other where they lag.
|
|
Blackstone is getting back into the rough-and-tumble business of arguing about where to hang the photos. The investment firm is spending $6 billion
to acquire Home Partners of America, a rental company with 17k+
properties that gives tenants the opportunity to eventually buy their
house.
Getting back into? After the 2008 crash, Wall Street firms like Blackstone scooped up foreclosed homes on the cheap. Their investments are credited with helping to stabilize local housing markets and prop up prices.
- Blackstone
bought tens of thousands of units and rented them out through
Invitation Homes, now the US’ largest single-family home renter.
But without a
crystal ball to predict the pandemic-induced scramble for housing,
Blackstone sold Invitation Homes in 2019. Now, the firm (and others)
want back in on the soaring housing market, where last month median home
prices rose almost 24% annually to break $350k.
Big picture:
Institutional investors only account for an estimated 2% of
single-family rentals. But all-cash offers from Wall Street suits are
frustrating some would-be homebuyers who are already up against short
supplies, record-high prices, and intense competition.
|
|
They can be
hard to make. Go hiking or hang out on your couch all weekend? Make some
easy brownies or try to make a cheesecake? Buy or sell a stock?
Decision TechTM from Fidelity can’t solve every quandary in your life, but it can help a whole lot with making smarter trading decisions. You’ll get heads-up alerts on market events that could affect your portfolio, like when your roommate texts you that her friends are coming over and might eat all your cheesecake.
You’ll also get in-the-moment trading insights, as well as $0 commissions for online U.S. stock and ETF trades.1 And, they’re committed to getting you the best price on every trade, which saved investors over $1.5 billion last year.*
You might have to look elsewhere for tips on cheesecake, but when it comes to making better trading decisions, turn to Fidelity.
Learn more about Decision TechTM here.
|
|
Stat: 5.2 million people around the globe became dollar millionaires
last year despite the pandemic, according to a new report from Credit
Suisse. 90% of millionaires currently have a net worth of $5 million or
less, while 0.4% are worth $50 million or more.
Quote: “Very, very unlikely.”
In testimony before Congress, Fed Chair Jerome Powell dismissed the idea that the economy could experience 1970s-esque hyperinflation.
Read: The rise of the $10 million disc golf celebrity. (The Ringer)
|
|
Giphy
Sure, flight
attendants might be trained in handling a drunk bachelorette party or
two. But abusive passengers have become so common on flights that on
Monday airline groups pleaded with the Justice Department to prosecute the worst cases.
Since the
beginning of the year, the FAA has received 3,000 reports of unruly
passengers—2,300 of whom were people who refused to follow mask
requirements.
-
“It’s out of control.
It’s really coming to the point where we have to defend ourselves,”
Paul Hartshorn, spokesperson for the Association of Professional Flight
Attendants, told CNBC.
- In one instance, a passenger was fined $52k for hitting a crew member in the face and trying to open the cockpit door.
No one’s
100% sure why people increasingly want to fight someone who hands out
Biscoffs, but experts point to entitlement, anxieties from the pandemic,
and politicized mask-wearing for the unruly behavior.
Big picture: In general, airlines are struggling to accommodate the rebound in demand. American is cutting 1% of July flights and Delta announced plans to hire 1,000 more pilots by next summer.
While we’re here...Someone needs to take away the FAA’s photoshop.
|
|
-
GameStop stock jumped after the company raised more than $1 billion in a share sale.
-
McDonald’s will introduce its first-ever loyalty program nationwide on July 8.
-
Warby Parker has confidentially filed for an IPO.
-
Nursing home deaths among Medicare patients rose 32% last year, according to a new government report.
-
Connecticut became the 19th state to legalize recreational marijuana.
|
|
How are you spending the long summer days? Your first thought might not be “saving on home and auto insurance,” but it should be. Policygenius can help you compare rates and look for a lower rate quickly—leaving you plenty of time to hang poolside. Learn more here.*
We got you an extra day of the week. ClickUp
is the productivity tool that’s saving people one day every week. With
all your tools in one place, you’ll get more done with less apps. ClickUp’s free forever, or use code BREW for 15% off Business and 30% off Premium.*
Finally, a cure for hiccups? This L-shaped straw stopped hiccups in almost 92% of cases, according to a new study. Stop holding your breath and check it out.
Your columella nasi is looking especially shiny today! Not sure what that means? Check out this list of the names of things you probably didn’t know. (Btw, it means the space between your nostrils.)
Behind the scenes at the Brew: We’re
looking for passionate readers who want an inside scoop on what we’re
brewing next. Want to beta test never-before-seen features? Sign up here.
*This is sponsored advertising content
|
|
Francis Scialabba
Tech enthusiasts—or even cool dads and moms who have a kid working at Google—you need to make Emerging Tech Brew
part of your weekly routine. Every Monday, Wednesday, and Friday, our
reporters tackle tech topics like drone delivery, virtual reality,
electric/driverless/flying cars, and even Twitter. It’s like talking to
your most in-the-know friend, without having to hear about their tattoos
all the time. Subscribe to Emerging Tech Brew here.
|
|
Word search: We can guarantee this is the cutest word search you’ll ever do.
Trivia: With the arrival of Luca,
it is once again time to test your knowledge of Pixar. Two Pixar movies
consistently come in last on lists ranking Pixar films, such as Rotten
Tomatoes. Which two movies are they?
|
|
|
|
|
June 23
|
|
FEATURED BIOGRAPHY
|
|
Clarence Thomas
|
|
|
|
|
|
FEATURED EVENT
|
1314
|
Battle of Bannockburn
|
|
| | |
SEE ALL BIOS ON THIS DAY
ALSO BORN ON THIS DAY
|
|
Joss Whedon
American screenwriter, producer, and director
|
|
|
|
|
|
|
|
MORE EVENTS ON THIS DAY
|
|
|
2006: American television producer Aaron Spelling—whose credits included a number of hugely successful shows, including The Mod Squad, Family, Charlie's Angels, The Love Boat, Fantasy Island, and Beverly Hills 90210—died in Los Angeles. [Take our pop culture quiz.]
|
|
|
|
|
|
|
|
June 23, 2021
Democrats’
Election Power-Grab Bill Fails in Senate
Far-Left
Dems Pressure Biden to Push for Election Bill
U.S. Residents Only: Enter
to Win 50 troy oz. of PURE Silver!
Fed.
Judge Dismisses Lawsuit Against Dakota Access Pipeline
Ariz.
Gov. Blocks Universities from Vax & Mask Mandates
Trump holds strong: ‘I have not conceded’ the 2020 election
Leaked Teacher Training Documents Show Schools Classify ‘MAGA’ As White Supremacy
Republicans Will Introduce Bill Requiring States To Maintain Ballot Transparency
Tucker catches Don Lemon with ‘white supremacist’ home décor
|
1 big thing: The Democrats' wake-up call
|
|
No comments:
Post a Comment