(Smith Collection/Getty Images) |
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For Canadians fretting over tariffs and annexation threats, Moosehead Breweries is now offering "The Presidential Pack" — a massive crate of 1,461 beers, one for each day of the Trump presidency. Moosehead has sold 10 Presidential Packs so far, and has more than 400 would-be buyers on a waitlist who've got the cash and space to store them. (That much beer is surprisingly heavy.) So take one down, pass it around, 1,460 bottles of beer on the wall. US stocks rose yesterday as investors ditched defensive areas of the market. The S&P 500 rose 0.2% and the Nasdaq 100 gained 0.5%. Communications services was the best-performing S&P 500 sector ETF, while utilities, real estate, and healthcare — all traditionally defensive sectors — fell more than 1%. |
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Waymo has been moving its autonomous vehicles to DC since January and plans to add even more in the coming weeks. Unfortunately, there's a roadblock: DC still hasn't given the green light to allow driverless cars to operate without a human backup. But showcasing the cars in DC is a great way for Google to get its business on the federal government's radar — or, at least in this case, its lidar. |
- Waymo One, the company's self-driving taxi service, is already logging over 200,000 paid rides per week across San Francisco, Phoenix, Los Angeles, and Austin, after surpassing 4 million paid trips last year. Next up on the expansion map are Atlanta and Miami.
- Racing to the driverless start line: Meanwhile, AV competitor Mobileye announced it will help Volkswagen get its fleet to "Level 2+" ("enhanced partially automated driving"), while GM has picked Nvidia to build its self-driving car fleet after abandoning its former effort, Cruise. Finally, we've long heard that Tesla's robotaxi fleet is "coming soon," but Musk has promised we'll actually see his driverless vehicles in Texas this year.
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Bringing AVs to the heart of US policymaking could help Google push for clearer federal regulations — something lawmakers have been slow to provide amid safety and liability concerns, but the timing could now be right to overcome those speed bumps. It's an issue near and dear to DOGE leader Elon Musk, as his plans for Tesla's growth rely heavily on unleashing an army of Tesla Cybercabs, and he's definitely helped change President Trump's public stance on EVs in short order. |
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Meet the new face of thinking different |
A black turtleneck, a game-changing product, and an industry-shifting vision. No, it's not Steve Jobs. Meet Dan Novaes, the visionary behind Mode Mobile: the company redefining what smartphones can be. Mode's EarnPhone is transforming phones from expenses into income generators, paying and saving its users $325M+ to date. Mode's generated 32,4811% 3-year revenue growth from 2019 to 2022. Now they have 45M+ users and secured retail partnerships with Best Buy and Walmart. And Dan has no plans of letting up. No wonder the company recently reserved the Nasdaq ticker "MODE." But the real opportunity is now – before Mode's potential listing on public markets.1 Become a pre-IPO investor2 today for $0.26/share3 and secure up to 2X bonus shares.4 |
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Shares of GameStop were ripping in yesterday's after-hours session after the video game and collectibles retailer posted its largest operating profit since its holiday quarter in 2017. That's not even the biggest news, though: that's because GameStop's worst-kept secret is finally a reality. Along with the release of its quarterly results, the company announced that "its board has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset." Aside from bumper sales associated with holiday quarters (like this one), GameStop's ability to generate net income has been wholly dependent on the interest it generates from investing its enormous cash pile into ultrasafe US government debt. Traders had been speculating about a move like this ever since CEO Ryan Cohen posted a picture with Strategy CEO Michael Saylor on Super Bowl Sunday. CNBC later reported that the board was mulling such a shift. |
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Yesterday's Big Daily Movers |
- Mobileye jumped after Volkswagen announced that it would partner with the autonomous driving company to upgrade its driver assistance systems
- Trump Media spiked after striking a deal with Crypto.com to launch a series of exchange-traded investment vehicles
- KB Home sank after a chilly start to spring home-buying season and a poor earnings report
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- Messaging app Signal is on track for a record number of downloads after a journalist was mistakenly added to a group chat with US government officials
- New data shows Tesla sales dropped 40% across Europe in February, down 47% within the EU itself
- Study finds SUVs are making traffic worse because of "car bloat"
- Americans' expectations for the economy are bad, hitting their lowest level in 12 years
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| - February durable goods
- Earnings expected from Chewy, Petco, and Dollar Tree
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Advertiser's disclosures:
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. Any IPO timing is unknown and general steps to be accepted for an IPO have not been undertaken at this point. An intent to IPO is no guarantee that an actual IPO will occur. 2 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile's Regulation A+ Offering. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. 3 The minimum investment is $999.96. 4 A minimum investment of $1,000 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
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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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