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Last week
DTC
eyewear
retail

Warby Parker's Journey to a $1.8B Valuation

Warby Parker's Journey to a $1.8B Valuation

TLDR

  • Warby Parker, founded by MBA classmates, disrupted the $150 billion eyewear industry.
  • The company's revenue reached $670 million in 2023, with a market value of $1.79 billion.
  • Brick-and-mortar stores now account for over two-thirds of Warby Parker's revenue.
  • The company aims to become profitable by expanding its physical store presence.
  • Warby Parker plans to become a holistic vision-care company, offering in-store eye exams.
6 months ago
stocks
interest rates
Federal Reserve

Asian stocks follow Wall Street rally after Fed rate decision

Asian stocks follow Wall Street rally after Fed rate decision
6 months ago
Federal Reserve
interest rates
stock market

Wall Street surges to records as Fed signals rate cuts

Wall Street surges to records as Fed signals rate cuts
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Latest news

Last week
DTC
eyewear
retail

Warby Parker's Journey to a $1.8B Valuation

Warby Parker's Journey to a $1.8B Valuation
  • Warby Parker, founded by MBA classmates, disrupted the $150 billion eyewear industry.
  • The company's revenue reached $670 million in 2023, with a market value of $1.79 billion.
  • Brick-and-mortar stores now account for over two-thirds of Warby Parker's revenue.
  • The company aims to become profitable by expanding its physical store presence.
  • Warby Parker plans to become a holistic vision-care company, offering in-store eye exams.
6 months ago
stocks
interest rates
Federal Reserve

Asian stocks follow Wall Street rally after Fed rate decision

Asian stocks follow Wall Street rally after Fed rate decision
  • Asian markets surge following Wall Street's rally after Fed's first rate cut in four years.
  • Japan's Nikkei 225 soars 2.1% as inflation data exceeds central bank's target.
  • China keeps key lending rates unchanged, refraining from additional monetary stimulus.
  • Fed's rate cut shifts focus to maintaining job market stability and avoiding recession.
  • Some critics argue Fed's delayed rate cut may have already impacted the economy.
6 months ago
leadership change
sportswear industry
workforce restructuring

Nike CEO John Donahoe to step down, Elliott Hill named successor

Nike CEO John Donahoe to step down, Elliott Hill named successor
  • Elliott Hill appointed as new CEO of Nike, replacing John Donahoe.
  • Hill returns to Nike after retiring in 2020 from leadership roles.
  • Nike recently announced 2% workforce reduction to cut costs.
  • Company stock surged 8% following the leadership change announcement.
6 months ago
Federal Reserve
interest rates
stock market

Wall Street surges to records as Fed signals rate cuts

Wall Street surges to records as Fed signals rate cuts
  • Federal Reserve cuts interest rates for the first time in over four years.
  • S&P 500, Dow, and Nasdaq reach new record highs following the rate cut announcement.
  • Fed projects additional rate cuts in 2024 and 2025.
  • Lower rates expected to boost economy and various investment markets.
  • Some analysts warn of potential inflationary risks from aggressive rate cuts.
7 months ago
Siren's Curse
tilt coaster
thrill ride

Cedar Point announces record-breaking 'tilt' roller coaster for 2025

Cedar Point announces record-breaking 'tilt' roller coaster for 2025
  • Cedar Point unveils Siren's Curse, a new roller coaster with a 90-degree tilt mechanism.
  • The coaster will reach 160 feet high and speeds of 58 mph.
  • Siren's Curse features on-board audio and LED lights, firsts for Cedar Point.
  • The ride is designed with multiple safety precautions and extensive testing.
  • Opening is planned for early summer 2025, adding diversity to the park's attractions.
11 months ago
Dunkalatte
Rhode Island
regional drink

Coffee milk gains national popularity

Coffee milk gains national popularity
  • Coffee milk, a Rhode Island staple, gains attention through Dunkin's new Dunkalatte.
  • The drink combines coffee syrup with milk, similar to chocolate or strawberry milk.
  • Coffee milk has been popular in New England for generations, especially among children.
  • Rhode Island officially adopted coffee milk as its state drink in 1993.
  • The beverage is now attracting interest beyond its traditional New England market.
0 year ago
drought
agriculture
commodity prices

Brazil drought threatens coffee production and prices

Brazil drought threatens coffee production and prices
  • Severe drought in Brazil is damaging coffee crops and impacting future harvests.
  • Global coffee prices are rising due to potential supply shortages in Brazil and Vietnam.
  • Wildfires in Brazil have destroyed coffee plantations, further exacerbating the situation.
  • Smallholder farmers are particularly vulnerable to the impacts of drought and fires.
  • Coffee prices have increased by 55% compared to the previous year.
1 year ago
labor
supply chain
retail

US retailers prepare for potential longshoremen's strike

US retailers prepare for potential longshoremen's strike
  • Dockworkers' strike may close East and Gulf coast ports from October 3rd.
  • Strike could affect holiday shipments and fuel inflation if prolonged.
  • Retailers and manufacturers accelerate shipments to mitigate potential disruptions.
  • Biden administration urged to intervene, but faces political sensitivities.
  • Some businesses better prepared after learning from pandemic supply chain issues.
1 year ago
fall travel
family vacations
mountain towns

Fall Family Destinations in Mountain Towns Across US

Fall Family Destinations in Mountain Towns Across US
  • Dahlonega, Georgia offers gold mining history, outdoor adventures, and family-friendly attractions.
  • Haywood County, North Carolina provides elk viewing and scenic leaf-peeping opportunities.
  • Washington, Virginia features Blue Rock Inn with nearby caverns and national park access.
  • Allegany County, Maryland boasts scenic railroad trips and rail biking experiences.
  • Ulster County, New York's Shandaken Inn provides a luxurious mountain retreat with nearby activities.
  • Ohiopyle, Pennsylvania offers outdoor adventures and cultural attractions like Fallingwater.
  • Tahoe City, California provides water sports and mountain activities for thrill-seeking families.
1 year ago
Medicare
health insurance
enrollment

Guidance for shopping Medicare Advantage plans

Guidance for shopping Medicare Advantage plans
  • Medicare Advantage plan enrollment period runs from October 15 to December 7.
  • Major insurers are reducing coverage, prompting many to seek new plans.
  • Begin reviewing coverage options before the enrollment window opens.
  • Consider factors beyond premiums, such as network coverage and prescription costs.
  • Utilize resources like plan finders and insurance assistance programs for help.
1 year ago
Stock Market
Economy
Manufacturing

Stock markets suffer worst day since early August

Stock markets suffer worst day since early August
  • US stocks plummeted due to weak manufacturing data and tech sector struggles.
  • Nasdaq fell 3.3%, Dow Jones dropped 1.5%, and S&P 500 slid 2.1%.
  • Manufacturing sector shows signs of contraction, sparking recession fears.
  • Technology stocks, particularly semiconductors, faced significant declines.
  • August jobs report fell short of expectations, adding to economic concerns.
  • Federal Reserve expected to consider interest rate cuts in upcoming meeting.
1 year ago
lithium
mining
endangered species

US agency review supports Nevada lithium mine

US agency review supports Nevada lithium mine
  • BLM's environmental impact statement suggests lithium mine can coexist with endangered flower.
  • Ioneer Ltd. plans to begin production at Rhyolite Ridge mine as early as 2028.
  • Environmentalists argue the project violates Endangered Species Act and threatens Tiehm's buckwheat.
  • Mine could potentially produce lithium for nearly 370,000 electric vehicles annually.
  • Controversy surrounds flower propagation plan and impact on biodiversity.
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