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September 2022

Starbucks (NASDAQ:SBUX) presented its first investor day since naming Laxman Narasimhan as the company’s next chief executive officer. And here are 8 things that went down during Tuesday’s meetings, as stated by Starbucks themselves.   Reinvention plan positions Starbucks for the next chapter of growth Starbucks is focused on reinventing the partner experience The Starbucks brand is building on strength Going Global: The digital Starbucks experience is...

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The founder of Patagonia has given away his company for a good cause…saving the planet. Yvon Chouinard and his family transferred their ownership in the company to environmental nonprofit the Holdfast Collective and the Patagonia Purpose Trust.   Chouinard did not settle for other options which were to go public or sell the company and donate all the money, so he created his own to preserve Patagonia’s mission....

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King of streaming services, Netflix (NASDAQ: NFLX), is offering a cheaper option for watching your favorite shows and movies, but there’s a catch. Netflix’s new ad-supported tier will cost between $7 to $9 a month and consist of four minutes of ads for every hour of content. Users interested in this plan can certainly save a few bucks compared to the current plans: Netflix Basic, $9.99/mo,...

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Milk? Who needs it? Now you can just add water. Kellogs (NYSE-K) debuted their newest product, Insta-bowls. They claim you can have “the same great taste anywhere, anytime – no milk required!” This new cereal comes pre-portioned in a single-serve portable bowl and is “perfect for on the go.” Marketing Director Chris Stolsky gave insight into the reasoning behind this new launch. “We created Kellogg's Instabowls as an...

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Kanye West Expresses Displeasure with Apparel Companies, Adidas and Gap “No more companies standing in between me and the audience.” Kanye West has stirred up drama yet again on social media, this time with corporate partners The Gap (NYSE:GPS) and Adidas (OTCQX:ADDYY).  In true Kanye fashion, the posts have already been deleted, but not before multiple news outlets regurgitated his statements. According to footwearnews.com, the rapper/fashion pioneer aired...

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The drama behind Instagram Reels, the video feature closely compared to TikTok, continues. Recently, many users have voiced their concerns about the presence of Reels on Instagram. Even some of Instagram’s most followed content creators shared their disapproval. Kylie Jenner and Kim Kardashian along with others shared a graphic declaring “Make Instagram Instagram again. (Stop trying to be TikTok I just want to see cute photos...

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In recent times, we were reminded of the high inflation rate every time we got in the car and drove down the road. You know, those big signs that advertise gas prices, prices that made you actually cringe. But since the average gas price has significantly lowered since July when it reached its peak, you would think the inflation rate would fall as well, right? Wrong. Yahoo...

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Streetwise IR business news on Elon Musk

Elon Musk’s ex is letting go of the past…but not before she cashes in on it. Jennifer Gwynne, Musk’s college girlfriend, is selling photos and memorabilia through Boston-based RR Auction. These items include 18 photos of the now-billionaire as a baby-faced college student. CNN reported, “The glossy photos show the billionaire looking every bit the normal college student before his meteoric rise to success: goofing off in...

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You can get just about anything at Walmart, including checking accounts. Walmart has an astounding 1.6 million US associates and over 100 million weekly shoppers. According to Bloomberg, the initial test for the checking account will not be offered to everyone, just a small percentage of Walmart’s online customers and thousands of employees. The bank accounts will be offered through One. According to Finextra.com, One is “the...

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