02-28-21 | Morning Coffee Break | Snap Stock | USPS Awards Multibillion-Dollar Contract | & More!
Rich and Tony discuss last week's finance news during their Morning Coffee Break.
Join us anytime by looking at our Budgets & Brews calendar 🗓️
🟢 Monday: Morning Coffee Break (Top 20 Finance Headlines)
🟢 Wednesday (bi-weekly): The Personal Finance Deep-Dive Show
🟢 Friday: Finance Friday (Freaky Fast Finance Tips)
🟢 Saturday (bi-weekly): Beer Review
You can find the podcast versions of our episodes on our website @ https://www.budgetsandbrews.com/podcast or search us @ Budgets & Brews on any major podcast platform.
Topics Covered:
Snap's Stock Hits New All-Time High Amid their first ever Virtual Investor Day Event.
https://www.benzinga.com/news/21/02/19805656/snaps-stock-hits-new-all-time-high-amid-investor-day-event
The US Postal Service has awarded Oshkosh Truck Corporation a multibillion-dollar fleet modernization contract that will cover 10 years and tens of thousands of vehicles.
https://about.usps.com/newsroom/national-releases/2021/0223-multi-billion-dollar-modernization-of-postal-delivery-vehicle-fleet.htm?utm_source=morning_brew
Square, Jack Dorsey’s fintech company, bought $170 million more in bitcoin.
https://www.marketwatch.com/story/square-buys-170-million-more-in-bitcoin-sees-revenue-more-than-double-11614116089?utm_source=morning_brew
New Jersey became the 13th state to legalize marijuana.
https://www.app.com/story/news/local/new-jersey/marijuana/2021/02/19/new-jersey-nj-marijuana-legalization-legal-weed-phil-murphy-underage-drinking/4512113001/?utm_source=morning_brew
The Chinese box office generated $1.2 billion in ticket sales over the recent Lunar New Year holiday, a record haul and equivalent to about 10% of the total global box office last year.
https://variety.com/2021/film/news/chinese-new-year-box-office-hi-mom-detective-chinatown-3-1234910170/?utm_source=morning_brew
Last Tuesday, fans were allowed to attend the first NY Knicks basketball game in person for the first time in 352 days, capped at 10%
14 NBA teams (out of 30) are allowing fans to attend games with no more than 25% occupancy.
https://www.nbcnews.com/news/us-news/madison-square-garden-welcome-fans-back-knicks-rangers-games-n1258017?utm_source=morning_brew
Spotify said it’s launching its service in 85 new markets across Asia, Africa, the Caribbean, and beyond.
https://techcrunch.com/2021/02/22/spotify-to-expand-international-footprint-across-85-new-markets/?utm_source=morning_brew
TikTok is piloting an in-app marketplace called TikTok Shops.
https://www.modernretail.co/platforms/tiktok-is-testing-out-a-seller-marketplace/?utm_source=morning_brew
Volkswagen announced it will start production on its next electric SUV, the ID 5 coupe, later this year.
https://www.theverge.com/2021/2/19/22291294/vw-id5-ev-electric-suv-coupe-production-volkswagen-2021
Roku reported record-breaking Q4 earnings last week, surpassing 50 million active accounts in the US and saw 58% revenue growth from 2019.
https://www.morningbrew.com/daily/stories/2021/02/19/roku-breaks-records-q4-earnings-report?email=rkammer1@yahoo.com&utm_source=morning_brew
Jeep will drop the Cherokee name from the Jeep Cherokee and Grand Cherokee SUVs, which together account for more than 40% of total sales.
https://www.caranddriver.com/news/a35568468/cherokee-nation-jeep-stop-using-name/?utm_source=morning_brew
Lucid Motors is going public in the biggest SPAC deal yet for an electric vehicle maker.
https://www.bloomberg.com/news/articles/2021-02-22/lucid-motors-agrees-to-go-public-with-24-billion-valuation?srnd=premium&sref=KkPzpZvz&utm_source=morning_brew
US home prices jumped 10% in December, their biggest monthly gain since 2014.
https://apnews.com/article/business-mortgages-mortgage-rates-washington-coronavirus-pandemic-61ae35bc90a565c614412f90553afd22?utm_source=morning_brew
Last week, the Swedish vegan milk company Oatly filed confidentially for an IPO.
https://www.ft.com/content/b214af48-5f6c-42de-b092-090354eae8fe?utm_source=morning_brew
Home Depot sales increased 25% in the fourth quarter of 2020
https://apnews.com/article/health-coronavirus-pandemic-94ad3456e5dc89a49dda1a53b5819c20?utm_source=morning_brew
Motional, the Hyundai and Aptiv joint robotaxi venture, says it will go fully driverless in 2023.
https://motional.com/motional-operates-driverless-vehicles-on-public-roads/?utm_source=morning_brew
Samsung leaks ‘Glasses Lite’ and ‘Next Wearable Computing’ AR vision
https://9to5google.com/2021/02/21/samsung-glasses-lite-ar/?utm_source=morning_brew
Chromebooks outsold Macs globally last year.
https://www.geekwire.com/2021/chromebooks-outsold-macs-worldwide-2020-cutting-windows-market-share/?utm_source=morning_brew
Coinbase looks to go public!
https://www.axios.com/coinbase-valued-100-billion-direct-listing-9b43e316-7ff7-4f6a-a1db-4dc2481a93ee.html?utm_source=morning_brew