Scott Galloway, an NYU Stern professor and serial entrepreneur, used the June 8 Office Hours episode of The Prof G Pod, “How to Fix the Tax Code + the Problem With Corporate Jargon,” to lay out a detailed case against the current estate tax exemption. Galloway called it the centerpiece of a system that rewards […]
Scott Galloway fires scathing rebuke at $30M tax break Read More »
After years of expansion, few would have predicted that the fitness chain that helped popularize boutique indoor cycling would now be facing another round of studio closures across the U.S. Founded in 2006 in New York City, SoulCycle grew from a single studio with a small number of bikes into one of the most recognizable
A familiar convenience store brand is leaving an entire market, ending a presence that had become part of many customers’ daily routines, from morning coffee runs to grabbing pizza on the way home, as it reshapes its store portfolio and focuses expansion efforts elsewhere. The decision marks a notable moment for a retailer that has
Convenience store giant sells stores, exits market Read More »
Wall Street is taking a fresh look at eBay and Etsy, and the conclusions may surprise investors who have written off both companies. In a research note shared with me, Morgan Stanley analysts Nathan Feather and Brian Nowak argue that the market is underestimating how well-positioned both platforms are for the next big shift in
Morgan Stanley sends clear message on eBay, Etsy Read More »
Snacks have completely different meanings for kids and adults. When we are small, it’s something tasty that we are not allowed to have every day, making it even more delicious. As adults, it’s nostalgia for those innocent times when we could find true happiness in a bag of chips. However, the nostalgia play is becoming
Goldfish maker says it may cut some brands as snack sales weaken Read More »
On June 11, Intel (INTC) received a Wall Street revamp that could flip the script on its stock performance, according to a research note shared with me at TheStreet. Investors had been bracing for more skepticism around Intel’s turnaround. The company still faces fierce pressure from Nvidia, AMD, and Arm-based chip designs, while its foundry
Bank of America makes major reset to Intel stock price target Read More »
Less than two weeks after Silvio Napoli took over as Lucid’s new chief executive officer, an experienced senior executive has departed in another leadership shake-up for the EV maker. Emad Dlala, Lucid’s senior vice president of engineering and software, has left the company just months after being promoted to that role, reports TechCrunch. Dlala was
Chewy (CHWY) posted record profits, beat earnings expectations, and added nearly 200,000 net customers in its latest quarter. Then investors pushed the stock to its lowest level in over a year. The sell-off followed a revenue guidance cut. Chewy trimmed its organic full-year fiscal 2026 revenue outlook, citing a softer consumer spending environment for pet
Morgan Stanley resets staggering Chewy stock target Read More »
It is a tough time to be in the aviation market and doubly so for certain types of airlines. Amid the skyrocketing price of jet fuel, recent airline collapses include Spirit Airlines in the U.S. but also Mexican holiday airline Magnicharters which filed for bankruptcy protection in Mexico City in May and British cargo carrier European
Another major airline shut down, all flights canceled Read More »
The dominant fear about artificial intelligence in the workplace is straightforward: AI gets good enough to do a job, the job disappears, and the person who held it does not get it back. Jeff Bezos does not buy that story, and on June 11 he explained, in detail, why. In an interview with CNBC’s David
Jeff Bezos doubles down on AI message for American workers Read More »