Amid a coronavirus pandemic that finds America with over 12 million workers unemployed, a number that could get worse with surging virus cases, it probably shouldn’t come as much of a surprise to hear consumers could be tightening the purse strings this holiday season. According to a recent survey by Deloitte, one of the big
It should come as no surprise that sports drinks probably haven’t been in such high demand as they once were. With sports leagues, gyms, basketball and tennis courts closed since the spring, Americans have been forced to live much more sedentary lives, binge-watching TV, or renovating our new home offices. This is something beverage giant,
The year has been defined by a lot of… ugly stuff. We certainly don’t need to rehash it all. But this year has also brought a lot of exciting news and innovation in the auto industry. Perhaps led by the clear, widespread buy-in to the electric vehicles and their prominent place in the future of
Who needs a plane, when you and seven other friends and family members can pack into an RV for days worth of driving? The irony is, in the middle of a pandemic where millions of us have been forced to get through our daily routines in much tighter quarters than usual as living rooms and
It’s not like consumer product giant Proctor & Gamble (PG) is angling to make money off of people’s fears and suffering, but it’s turning out that way. Reporting results for its fiscal first-quarter, Proctor & Gamble reported revenue gains of 9%, fueled by the pandemic-era demand for its cleaning and laundry products. Demand for cleaning
General Motors (GM) has been making a lot of noise in the electric vehicle space over the last few months, with all efforts clearly pointing to a dedicated buy-in of the future of the auto industry. Earlier this year, GM made a promise to shareholders and the U.S. to invest $1.8 million, create 700 new
The TikTok social media app boasts over 100 million active users in American and it’s widely popular with kids. So, toy companies have taken to social media to help drive sales. Couple TikTok’s strong youth appeal with a time where social distancing concerns have limited gatherings and play dates, the app has become a main
To say Boeing (BA) has had a rough couple of years is an understatement. In March 2019, the aircraft maker was forced to ground its new 737 MAX aircraft after two accidents left 346 people dead. Commercial airlines canceled hundreds of orders for the plane, costing the company $18 billion. Then, COVID-19 struck, further crippling
If you’ve been in the market for an electric car, boy does Tesla (TSLA) have some “great” news for you. Despite record numbers in 2020, Tesla’s flagship Model S has seen sales slipping this year, perhaps as potential buyers keep struggling to shake the sentiment of economic uncertainty that’s been unavoidable on the news. Luckily,
When someone in Warren Buffett’s Berkshire Hathaway (BRK-A) “family” talks, people typically listen. More specifically, most investors keep Berkshire investment managers on their radar to see who the famed Oracle of Omaha or his lieutenants are favoring… or dumping. Simply uttering a company name is usually enough to send shares soaring or sinking, and this
We’ve spent the last few months learning a lot about how different industries are built to handle major events such as a global pandemic. This includes finding out which businesses are not only “crisis-proof” but which are built to thrive in unpredictable… and yes, unprecedented economic environments. And as it turns out, in times like
Lately, headlines have been dominated by growing fears about further economic collapse, including the Fed chair’s latest plea for Congress to pass a second round of stimulus aid, which has essentially already been shot down. All this lip service about stimulus plans and the recession is nothing by white noise to a larger corner of
Yesterday we talked about the surging demand for online grocery shopping, an industry which Bank of America analysts expects to triple the sales of 2019 and reach $705 billion in sales by 2025. These are the optimistic numbers that had Instcart and its investors swooning in recent months. Enough so, that the grocery delivery company
