(Sherwood Media/Datawrapper) |
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Tired of shelling out $10 for a carton of eggs, some inflation-squeezed consumers are getting creative to find new places to source their breakfast staple: outside the US. Now thousands of Americans have gotten into trouble for trying to smuggle eggs across the border. Talk about getting egg on your face! US stocks retreated on a tech- and tariff-fueled sell-off yesterday. Major indexes moved lower in a topsy-turvy session that saw the S&P 500 rebound from early losses only to stumble into the close. The benchmark US stock index fell 0.3%, the Russell 2000 gave back 0.5%, and the Nasdaq 100 slumped 0.6%. Despite all the tariff headlines swirling, it was energy stocks and tech that performed the worst among S&P 500 sector ETFs. ⚾ In honor of Major League Baseball's Opening Day yesterday, take a swing at our Snacks Seven Quiz: |
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When it comes to a brand's place in the American psyche, it doesn't get better than Amazon. A whopping 96% of American adults have heard of the brand, ranking it alongside giants like McDonald's and Pepsi. More importantly, 80% would consider buying from Amazon when they're in the market for something it sells, a new report from brand survey company YouGov found. The brand perception is strong despite some recent political backlash to founder Jeff Bezos, who made changes at his Washington Post that veer its opinion section more toward the right. But that backlash hasn't been nearly as loud as with, say, Tesla, which survey data shows is almost as well known as Amazon, but fewer than 1 in 10 Americans would consider buying one. Speaking of buying, that's where Amazon can really pat itself on the back: far and away, Amazon was the top marketplace consumers would consider buying something online from, as this chart shows. Amazon saw record revenue last quarter, and it finally beat out longtime retail rival Walmart this year. Not resting on its laurels, the company is testing AI shopping chatbots to help customers find just the right product. |
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Amazon is "where you want to be as a brand," Reuben Staines, YouGov's head of American marketing, told Sherwood News. While Amazon hasn't become the genericized word for online shopping the way Google has become the de facto term for online search, when people need to buy something, they go straight to Amazon, and unless they get bogged down reading an endless abyss of user reviews, that's where they buy that product, too. |
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Where You Can Get Exposure to Discord, Epic Games, Acorns, Databricks, and More
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Ever wish you could invest in some of today's well-known private companies like Discord, Epic Games, Acorns, and Databricks? Enter StartEngine, a leading alternative investment platform that has enabled 2.1 million users2 to invest $1.4 billion into startups (when combined with our recent competitor acquisition SeedInvest).3 How's it going? StartEngine doubled its revenue YoY in the first half of 20244 thanks to the launch of StartEngine Private for accredited investors, an investing portal offering exposure to some of the more popular private venture-backed businesses, like Acorns, Fanatics, Discord, Perplexity, Epic Games, and more. The even more exciting news? Well, StartEngine is now accepting investors in their new funding round. Invest in StartEngine here.5 |
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Giving your genetic data to a random company on the internet does sound potentially risky, and yet, millions of us did exactly that in the 19 years that genetic testing firm 23andMe was live. Things have taken a turn for the worse, though, and with the company's assets potentially on the auction block, that meant the genetic data of over 15 million people may have ended up going to the highest bidder. Needless to say, lots of people weren't down with becoming party to this straight-out-of-science-fiction predicament. Data provided to Sherwood from Similarweb, a digital market intelligence company, reveals the scale of the panic that set in, with some 1.5 million page visits tracked to 23andMe.com, which brings our attention to a chart that truly has to be seen to be believed. Compared to the average day for the rest of 2025, that's up a whopping 692%. The surge of activity earlier this week even caused the site to crash, with users reporting difficulties as they sought to wipe their genetic information, family trees, and health histories. |
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Yesterday's Big Daily Movers |
- Dollar Tree shares soared as Wall Street celebrated its Family Dollar deal
- SoFi sank for the third straight session, pushing its year-to-date losses to more than 18%
- Petco shares went off leash, surging more than 30% after earnings beat expectations
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- Big Tech is back to doing what it does best: gobbling up startups for billions
- Bookings for US-Canada flights for peak travel season are down 76% from last year
- The AI revenue race is heating up between OpenAI and Anthropic, but one is way, way ahead
- You can almost hear them popping the Champagne from here: Wall Street bonuses surged to a record high last year
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- February personal consumption expenditures (the Fed's preferred inflation gauge)
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Advertiser's disclosures:
¹ Kevin O'Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here. 2 Count determined by the number of unique email addresses in StartEngine's database as of 03-07-2025 . One individual may have more than one email address. 3 In May 2023, StartEngine acquired assets of SeedInvest, including email lists for SeedInvest's users, investors and founders. Go here for more details. 4 This revenue growth has been driven by StartEngine Private, a new product line that offers funds in late stage companies. This product line has driven over $11.5M of the $21.6M of the revenue in the first 6 months of 2024. To understand the impact on margins, see financials.This revenue growth is H1 2023 vs. H1 2024. There is no guarantee that StartEngine revenue will continue to increase at similar rates. 5 This is a paid advertisement for StartEngine's Reg. A+ offering. Please read the most recent offering circular and related risks at invest.startengine.com. The offering is made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary was involved in offering. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors. This investment is highly speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. There is no guarantee that a market will develop for such securities. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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