- Will's Weekly Roundup
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- Will's Weekly Roundup
Will's Weekly Roundup is a weekly newsletter of curated tech, business, and startup news.
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Business
The business headlines you missed (or need to see again)...
Apple - Apple's India sales reached a record $6 Billion with 50% revenue growth. The company is also opening its first stores in the country this week. RT
Salaries - Over one-third of S&P 500 firms increased 2022 executive pay despite negative shareholder returns. FT
Savings - Apple and Goldman debuted their savings account offering 4.15% interest. FT
Coinbase - Coinbase CEO Brian Armstrong says that the company is considering moving away from the US if the regulatory environment for the industry does not become clearer. CD
Retail - Retail sales fell for a second straight month by 1% in March. AX
S&P 500 - Q1 profits for the S&P 500 are expected to drop about 5%. RT
Logistics - Freight shipments and transportation costs fell 4% and 12% YoY in March, respectively. FW
Private Equity - Private equity firms are buying their own debt as their latest money-making trade. BNN
Bonds - The 60-40 stock-bond portfolio split is predicted to work well for the next decade, according to Todd Schlanger, a senior investment strategist at Vanguard, and other professionals. AXIOS
WeWork - WeWork said on Tuesday that it had received a non-compliance notice from the New York Stock Exchange, as its stock closed below $1 on average over a consecutive 30 trading-day period. RT
Ryan Reynolds - Ryan Reynolds took a stake in the Canadian payments firm Nuvei. BBG
Bed Bath & Beyond - The struggling retailer Bed Bath & Beyond is preparing for bankruptcy filing within the next few days after its latest fundraising strategy fell short of its needs. WSJ
Hiring - McKinsey and Bain delayed start dates for new MBA hires. WSJ
Jobs - US labor supply has returned to pre-pandemic levels. AXIOS
Retirement - Over one-fourth of Americans above 60 have saved nothing for retirement. BBG
Homes - Home prices fell 3.3% YoY in March, the biggest drop since 2012. AXIOS
Snapchat - Snapchat’s paid subscription “Snapchat+” now has more than 3 million users, which is still less than 1% of the 375 million daily active users on the platform. TC
Tech
The tech headlines you missed (or need to see again)...
SpaceX - SpaceX test-launched its Starship rocket, the tallest and largest rocket ever built that will eventually take the first humans to Mars. SpaceX self-destructed the rocket to avoid it going rogue after a mid-flight engine failure. Here’s the video of the launch and explosion. YT
Fall Detection Radar - AT&T launched a medical radar device that can detect if older adults have fallen through walls without requiring cameras or wearable trackers. VERGE
Batteries - The cost of lithium-ion batteries has dropped by 97% since they were first commercially introduced in 1991. MIT
Musk - Elon Musk is creating an AI firm called "X AI" to compete with OpenAI's ChatGPT. VERGE
ChatGPT - Hustlers who were already secretly working two remote jobs at once are now apparently working four at a time with the help of ChatGPT. VICE
Watchlist
Startups and companies I’m keeping an eye on…
Figure - Figure is a robotics company making a general-purpose humanoid robot. FIGURE
Kindred - Kindred is a members-only home exchange network that lets you swap with 2000+ homes in over 50 cities for $0/nightly. KINDRED
WayRay - WayRay has built the first-ever holographic augmented reality heads-up display for car navigation that does not require eyewear or headgear. WAYRAY
PrimeBid - PrimeBid allows ordinary people to invest directly in IPOs alongside banks. PRIMEBID
Outside Interests
Interesting internet finds…
Fyre Festival - Billy McFarland, the disgraced entrepreneur who went to jail in 2018 for running the fraudulent luxury music festival “Fyre Festival” is out of jail and has plans to host a “Fyre Festival 2.” USA TODAY
Deli Fraud - A New Jersey judge called a $100M deli fraud defendant a 'serious flight risk.' CNBC
Beer - Russia only classified beer as an alcoholic drink in 2011. Remarkably before then any drink with less than 10% alcohol was considered a 'foodstuff.' LP
Climate - G7 countries have pledged to accelerate the phasing out of fossil fuels in favor of renewable technology. FT
Dinosaurs - A new simulation model shows that the asteroid that killed the dinosaurs likely caused a mile-high tsunami that swirled around the world for a week. AGU
Marriage - A new study found that men are now the sole or primary earners in just 55% of American marriages compared to 85% in 1972, with a large portion of those households now 'egalitarian' — marriages where the husband and wife each account for 40-60% of the household’s total income. PR
Visuals
Three visuals worth taking a look at...
Series C funding to US companies has decreased significantly since 2021.
Is India the next global superpower? These four graphs suggest that it might be.
Price of Costco's Kirkland hot dog & soda combo overtime. Some items are truly inflation-proof.
Wisdom
Two quotes of wisdom...
"Every deep thinker is more afraid of being understood than of being misunderstood."― Nietzsche
"If it’s out of your hands, it deserves freedom from your mind too." ― Ivan Nuru
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