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- WE
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- Zazzle
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- Zoopla
- Zulily
- eBay
- eToro
- uBiome
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…we’re looking back at biz themes that defined the past three months
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Disclosures
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A choppy quarter (Mike Hill/Getty Images)
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<div style="font-family:'Capsule Sans Text', Arial;font-size:13px;line-height:1;text-align:center;color:#000000;">
Last Week’s Market Moves
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<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-weight: 700;">
31,501
<span style="color: rgb(0, 200, 5);">
(+5.39%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-weight: 700;">
3,912
<span style="color: rgb(0, 200, 5);">
(+6.45%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-weight: 700;">
11,608
<span style="color: rgb(0, 200, 5);">
(+7.49%)
</span>
</span>
</span>
</td>
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<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-weight: 700;">
$21,435
<span style="color: rgb(0, 200, 5);">
(+4.85%)
</span>
</span>
</span>
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<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-weight: 700;">
31,501
<span style="color: rgb(0, 200, 5);">
(+5.39%)
</span>
</span>
</span>
</td>
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<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-weight: 700;">
3,912
<span style="color: rgb(0, 200, 5);">
(+6.45%)
</span>
</span>
</span>
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<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-weight: 700;">
11,608
<span style="color: rgb(0, 200, 5);">
(+7.49%)
</span>
</span>
</span>
</td>
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<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-weight: 700;">
$21,435
<span style="color: rgb(0, 200, 5);">
(+4.85%)
</span>
</span>
</span>
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<p>
<strong>
Hey Snackers,
</strong>
</p>
<p>
Some quarters are smooth sailing, yet the past three months have been anything but. Mass shootings shocked Americans nationwide, and the Supreme Court’s
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
controversial
</a>
decision to overturn Roe v. Wade ended federal abortion rights. About half of US states have plans to ban or limit abortion immediately, and the landmark ruling could provide a
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
framework
</a>
for challenging other rights.
</p>
<p>
Reflecting on the economy: a grizzly bear market dawned along with recession jitters. Today, we’re zooming in on the trends that’ve shaped markets and the economy this past quarter — and helping you prep for what could come next.
</p>
<p>
FYI: US markets are closed for the Fourth of July, so we’ll be back in your inbox on the 5th.
</p>
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<strong>
Btw...
</strong>
Do you want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
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.
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<img alt="" border="0" height="1" src="https://inboxflows.com/_/image/http%253A%252F%252Fsg.robinhood.com%252Fwf%252Fopen%253Fupn%253Dq-2FZ-2F8R4uR3lRXK3PO4ZkVk-2BZt1SqpCIyBv-2FIozTjk2VNN3eQssMFJBT95MovldJRj1yj3MJ7YTDQ1muybvexVbCXj-2FVH32VbF0J0Ww1QprsZAz11vsASsUIKP2u6qARhKHBRLBy9PPPcbF9Rd0vlWSotF9OK3OgDgn3shnrAslEzWNnciPmfnq1-2FOO5QHOUqgOrQgqsZzENU6S3-2BsY1aOOlLRQeqAxRu1a43-2B-2FfZywwGoogyZE6of479-2FlT5p6HceZipiG9kJ5rT09PYFl0b5uYTyYMpwWvKCNcxhRfV0e90eyDskKOglabXaCBA5htAHfvznXwwanvizvxmpSR1BkUMlu4ZQACUC7g4supqRx3zM8ST3ysji4qGeO9zaBsv5Oob6iG-2F9oLkGqMpDLbCqQ9DjlI5WFdMNqveRVcuBYnNmRXa4WsM9jsj4C8TWeXouiFpeI6e9ZW-2FuUruZ2nG7gAgE86YqMnzb0rnPaKvszl4zygpdQFvDNiz8Xce6qhSYcMBVKNXZip7avLY-2ByDJ8aBWkEa0jfUI52tHJaHkvKlbboZZ3VrL7jowyUaXrIva0qYNQmse52GHansiHMgNkw-3D-3D/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRnNnLnJvYmluaG9vZCJ9:1o5nbz:N8Cb9VKUIyCfs7k08NLZIqhWpn_bHwq-M7CHAVOTVug" style="height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;" width="1"/>
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Zoom Out
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
3 key themes of the quarter…
</p>
</div>
</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
Recession-omics…
</strong>
the word on everyone’s lips. The probability of a US recession
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
soared
</a>
this quarter as the Fed aggressively hiked interest rates to tame stubbornly rising inflation. But while #flation hurts the economy, so does
<em>
fighting
</em>
it: higher rates discourage borrowing/spending and encourage saving, which should cool consumer demand and prices. They also lower companies’ growth expectations, which have slumped stocks into a bear market. And historically
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
most
</a>
S&P 500 bear markets have been accompanied by recessions. All eyes are on whether the Fed can cool the economy without igniting a downturn — which seems increasingly tougher.
</p>
<p>
<strong>
Crypto winter dawns...
</strong>
Move over, web3. "Contagion" became the quarterly buzzword as the crypto market continued to tumble along with stocks, losing $2T in market cap since its November high. Algorithmic stablecoin
<strong>
TerraUSD's
</strong>
crash wiped out $40B in market value seemingly overnight, while crypto lender
<strong>
Celsius
</strong>
froze billions in customer funds. The trouble spread to other crypto companies like
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Coinbase
</a>
</strong>
,
<strong>
Crypto.com
</strong>
, and
<strong>
Gemini
</strong>
, all of which laid off employees as investors jumped ship. Bipartisan crypto regulation proposed in the Senate could be a win for the struggling industry — though with contentious midterm elections approaching, no one's holding their breath.
</p>
<p>
<strong>
A tale of two labor markets…
</strong>
is the quarter’s biggest paradox. While rebounding sectors like hospitality and travel couldn’t hire fast enough (see:
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
travel-pocalypse
</a>
), pandemic thrivers slowed hiring and cut positions. Unemployment is at
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
record
</a>
lows and wage growth has doubled from 2019. Still, companies like
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Meta
</a>
</strong>
,
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Twitter
</a>
</strong>
,
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Netflix
</a>
</strong>
, and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Uber
</a>
</strong>
have had mass layoffs as slowing growth threatens the bottom line. The tech industry made 8X more job cuts last month than it did during the first four months of the year combined. But with two job openings for every unemployed person, job seekers should be better off than in previous downturns.
</p>
</div>
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By the #s...
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
6 notable numbers
</p>
</div>
</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$156M
</a>
:
</strong>
How much “Top Gun: Maverick” raked in on opening weekend, a Memorial Day record. Movie-ticket sales hit a 40-year low in 2020, but are rebounding as studios send hit franchises like “Batman” to theaters — and ship others to streaming.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
3.48%
</a>
:
</strong>
The 10-year Treasury yield’s high this quarter, an 11-year record, as investors anticipate more inflation + higher rates. IOUs are getting pricier, from credit-card interest to gov’t bonds.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$280
</a>
:
</strong>
The highest bid for an NFT of Jack Dorsey’s first tweet in an April auction — a year earlier it had sold for $2.9M (womp). Prices of Bored Apes and other viral NFTs have plummeted with non-fungible trading volume.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$6.1B
</a>
:
</strong>
How much the US has committed to support Ukraine since Russia’s invasion, which has
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
killed
</a>
tens of thousands. The EU recently approved Ukraine’s candidate status to join the bloc, giving the country new hope.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$44B
</a>
:
</strong>
How much Elon Musk
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
agreed to buy
</a>
Twitter for, including a $21B personal investment equaling one-fifth of his net worth. Musk said
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
three things
</a>
stand in the way of the takeover: fake accounts, debt financing, and shareholder approval.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
€0.95
</a>
:
</strong>
How many euros one US dollar will get you. The greenback is up 9% this year and has
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
strengthened
</a>
against currencies like the Japanese yen, the Chinese yuan, and the euro. It’s an economic bright spot for the US (and American tourists).
</li>
</ul>
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
3 emerging trends…
</p>
</div>
</td>
</tr>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
The housing cooldown…
</strong>
The days of obsessive
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Zillow
</a>
</strong>
-scrolling and cheap mortgages are likely over. Home-buying demand is finally cooling as mortgage rates spike to the
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
highest
</a>
levels since ’09. Last month, mortgage applications fell to a 22-year low, while brokers
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Redfin
</a>
</strong>
and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Compass
</a>
</strong>
had mass layoffs. Average mortgage payments are now 31%
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
higher
</a>
than rent — which could speed the cooldown. As rates rise, fewer people will be eligible/willing to take out loans. Yet home prices
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
won’t
</a>
cool until supply improves, and that could take
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
years
</a>
. In May, the median existing-home price topped
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$400K
</a>
for the first time as inventory remained brutally low.
</p>
<p>
<strong>
Retail’s inventory glut…
</strong>
After years of struggling to get products on shelves, big retailers now have
<em>
too much stuff
</em>
.
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Walmart
</a>
</strong>
said nearly a quarter of its inventory is “unwanted” as shipments meant for stay-at-home szn (think: puzzles, throw pillows) arrive months too late. Ditto for teen faves like
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Abercrombie
</a>
</strong>
and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
American Eagle
</a>
</strong>
, which are sitting on 40%+ more inventory than a year ago. Now the
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Amazon
</a>
</strong>
and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Target
</a>
</strong>
are having huge sales events to shed extra merch. The discounts could lure stimmy-less shoppers to stores and help cool inflation.
</p>
<p>
<strong>
Knockoff economy…
</strong>
In Russia, CoolCola’s the new
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Coca-Cola
</a>
</strong>
. Imitation brands are
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
sprouting
</a>
up after Western big shots like
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Nike
</a>
</strong>
and Coke left because of #sanctions. Despite the corporate exodus, Russia’s economy has been surprisingly resilient: the ruble has rebounded to seven-year highs and shelves are still stocked thanks to more domestic production. Former
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
McDonald’s
</a>
</strong>
locations in the country recently
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
reopened
</a>
as rebranded Russian versions, with 98% local ingredients (and the same ketchup packets).
</p>
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
What else we're Snackin'
</div>
</td>
</tr>
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<td align="left" style="font-size:0px;padding:0;padding-top:12px;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Overturn
</a>
:
</strong>
Economists are raising concerns over the effects of overturning Roe v. Wade on the autonomy and economic opportunity of millions of Americans. The SCOTUS decision stands to potentially hurt wages, jobs, and growth.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Jab
</a>
:
</strong>
Teens get their pick of Covid vaccines after the CDC on Friday recommended
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Moderna's
</a>
</strong>
shot for 6- to 17-year-olds. The vax joins
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Pfizer's
</a>
</strong>
, but it's unclear whether the added choice will mean more shots in arms.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Aid
</a>
:
</strong>
US companies from
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
JPMorgan
</a>
</strong>
to
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Apple
</a>
</strong>
are ramping up medical coverage for workers who may have to travel for abortions. Some employees are calling for even more corporate action, but conservatives may retaliate.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Web
</a>
:
</strong>
A fintech company aims to make gun buying easier by offering buy now, pay later options — including for the manufacturer of the gun linked to the Uvalde shooting. BNPL could help the gun industry target younger shoppers.
</li>
</ul>
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
Want your Snacks daily?
</div>
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<td align="left" style="font-size:0px;padding:0;padding-bottom:8px;padding-left:0;word-break:break-word;">
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🐵
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
NFTs take NYC
</a>
• Jun 24, 2022
<br/>
💨
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Juul’s last puff?
</a>
• Jun 23, 2022
<br/>
🥣
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Kellogg splits up
</a>
• Jun 22, 2022
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This month in the US the average price of a gallon of gas hit $5 — up by nearly $2 from a year ago
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This Week
</div>
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<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
Monday:
</strong>
G7 Summit in Germany. Wimbledon begins. Earnings expected from
<strong>
Nike
</strong>
,
<strong>
Trip.com
</strong>
, and
<strong>
Jefferies Financial Group
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Tuesday:
</strong>
G7 Summit in Germany. Earnings expected from
<strong>
Concentrix
</strong>
and
<strong>
Roivant Sciences
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Wednesday:
</strong>
Earnings expected from
<strong>
Paychex
</strong>
,
<strong>
General Mills
</strong>
,
<strong>
McCormick & Co.
</strong>
,
<strong>
MillerKnoll
</strong>
, and
<strong>
Bed Bath & Beyond
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Thursday:
</strong>
Jobless claims. Earnings expected from
<strong>
Micron Technology
</strong>
,
<strong>
Constellation Brands
</strong>
,
<strong>
Walgreens Boots Alliance
</strong>
,
<strong>
Acuity Brands
</strong>
, and
<strong>
Simply Good Foods
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Friday:
</strong>
Universal Pictures’ “Minions” premieres. Tour de France begins
</li>
<li style="margin-bottom: 12px;">
<strong>
The weekend:
</strong>
US markets are closed on Monday for Independence Day
</li>
</ul>
<p>
Authors of this Snacks own: shares of Amazon, Apple, Moderna, Uber, Walmart, Netflix, and Twitter
</p>
<p>
ID: 2261083
</p>
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2 years, 11 months ago - noreply@robinhood.com
🌊 A rough spell: the Q2 edition
…we’re looking back at biz themes that defined the past three monthsDisclosures A choppy quarter ...