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2 weeks ago | 
morningbrew.com | Dave Lozo
Last call is approaching and there is no shortage of US businesses stumbling over each other to be the one that takes home TikTok. Tomorrow is the deadline for TikTok’s China-based parent company, ByteDance, to sell the app or go dark in the US due to national security concerns. Any deal is subject to White House approval. TikTok is believed to be worth as much as $100 billion.
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3 weeks ago | 
morningbrew.com | Dave Lozo
While Republicans are writing legislation to make good on President Trump’s promise to end taxes on tips, Uber and DoorDash are asking lawmakers to keep their drivers in mind.
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3 weeks ago | 
morningbrew.com | Dave Lozo
Some members of generations anticipating a windfall from their parents and grandparents to pass are likely to only inherit disappointment. That’s because those holding the largest portion of the wealth are choosing to enjoy it now rather than pass it along. Worries about not having enough money to pay for medical expenses have boomers hesitant to pass along that wealth while they are still alive.
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3 weeks ago | 
morningbrew.com | Dave Lozo
President Donald Trump’s 25% tariffs on cars and their parts imported from other countries is positioned as a plan to boost American manufacturing, but experts believe it will likely be an enemy of auto companies, both foreign and domestic. Unless Trump’s announcement proves to be bluster, almost every automaker will begin to feel the brunt once the tariffs are implemented on April 3. With one notable exception.
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1 month ago | 
morningbrew.com | Dave Lozo
Spirit Airlines, the carrier you’re always surprised to learn is still in business, emerged from bankruptcy last week and is targeting what it views as the most vulnerable of its fellow budget carriers—Southwest Airlines. That was the tone Spirit CEO Ted Christie struck during an interview with CNBC last week, when he said his fleet is ready to “take advantage” of Southwest’s recent decision to begin charging checked-bag fees.
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1 month ago | 
morningbrew.com | Dave Lozo
The Trump family is reportedly negotiating a stake in the US arm of Binance, the world’s largest crypto exchange, while former CEO Changpeng “CZ” Zhao, who recently spent four months in prison for allowing terror groups to launder money on the platform, lobbies the White House for a presidential pardon, per the Wall Street Journal. How would this work?
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1 month ago | 
morningbrew.com | Dave Lozo
When companies drop vowels from their names to appeal to a younger audience, they hope the feedback will be positive. However, the response is sometimes why. The latter applies to Scotland-based investment firm Standard Life Aberdeen, which faced ridicule in 2021 when it rebranded to abrdn.
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1 month ago | 
morningbrew.com | Dave Lozo
Gen Z is already facing more economic challenges than previous generations—and now, the New York Times is reporting that some young concertgoers are going into debt to see their favorite musicians. According to the concert trade publication Pollstar, the average cost of a concert ticket for a Top 100 tour in 1996 was $25.81, or ~$52 when adjusted for inflation. Last year, the average ticket price for the Top 100 tours skyrocketed to $135.92.
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1 month ago | 
morningbrew.com | Dave Lozo
President Donald Trump offered more clarity on a US Crypto Reserve yesterday, saying in a post to Truth Social that his administration is moving forward with the plan and the stash will include bitcoin, ethereum, and the smaller tokens solana, XRP, and cardano. The news sent crypto prices soaring, with bitcoin climbing above $90,000 after falling below that milestone last week. Solana, XRP, and cardano jumped between 20% and 60% after the announcement.
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1 month ago | 
morningbrew.com | Dave Lozo
Warren Buffett’s annual shareholder letter dropped on Saturday morning. It included many familiar notes about earnings and revenue and also a not-entirely-indirect message for President Donald Trump and other elected leaders about his $26.8 billion record tax payment:“Take care of the many who, for no fault of their own, get the short straws in life.
