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The Water Coolest

The Water Coolest

By The Water Coolest Team
Refreshingly unfiltered daily biz and markets news and commentary.
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Wells Fargo settles with 50 states, Aphria rejects hostile takeover & Tesla’s new board members
In today’s Minutes: Wells Fargo settles claims with all 50 states, pot company Aphria rejects a hostile takeover from Green Growth, and Tesla introduces new board members
December 31, 2018
The end for department stores, Instagram update & McDonald’s breakfast
In today’s Minutes: Name brand department stores are be on the brink, Instagram rolls out a horizontal update and people were pissed, and McDonald’s breakfast seems to be backfiring
December 28, 2018
Markets rebound, holiday sales soar & buyback
In today’s Minutes: the DOW rises 1,000 points, holiday sales are highest in 6 years, and announces share buyback
December 27, 2018
Government shutdown looms, Softbank invest in Fair & Apple vs. Qualcomm
In today’s Minutes: the government shutdown looks like a done deal, Softbank plans investment in Fair, and Qualcomm is going after Apple in Germany
December 21, 2018
Fed raises rates, Altria invests in Juul & Pfizer and GlaxoSmithKline to join forces
In today’s Minutes: Fed raises rates and markets plummet, Altria invests in Juul, and drug maker’s Pfizer and GlaxoSmithKline partner up
December 20, 2018
SpaceX lands $500M, Tilray goes global & Kroger launches autonomous delivery
In today’s Minutes: SpaceX lands $500M in funding at $3.5B valuation, Tilray goes global, and Kroger announces the first autonomous grocery delivery service
December 19, 2018
Google expands NYC footprint, stock markets continues freefall & 1MDB isn’t going away
In today’s Minutes: Google expands its NYC footprint, stock markets continue to tumble, and Malaysia files formal charges against Goldman related to 1MDB
December 18, 2018
LVMH to buy Belmond, Johnson & Johnson coverup & Tesla funding secured
In today’s Minutes: LVMH will buy Belmond for $3.2B, Johnson & Johnson accused of massive coverup, and Tesla issues bonds to raise funds
December 17, 2018
Apple’s expansion, Robinhood becoming a bank & farm bill passes
In today’s Minutes: Apple chooses location for expansion, Robinhood expands into checking accounts, and farm bill passes congress.
December 14, 2018
Tencent’s IPO, Elliott takes stake in Pernod Ricard & China hacks Marriott
In today’s Minutes: Tencent’s IPO was meh, Paul Singer’s Elliott Management takes stake in Pernod Ricard, and China state hackers are said to be responsible for a Marriott hack of 500M customer’s info.
December 13, 2018
Daimler AG goes electric, Google’s CEO faces congress & Verizon admits defeat
In today’s Minutes: Daimler AG is buying $23B in battery cells to ramp up electric car production, Google’s Sundar Pichai faces congressional hearing, and Verizon takes goodwill impairment charge on Yahoo and AOL.
December 12, 2018
China bans iPhone sales, Brexit deal falls apart & Tivity Health buys Nutrisystem
In today’s Minutes: China grants Qualcomm’s injunction against Apple, Brexit deal falls apart, and Tivity Health buys Nutrisystem.
December 11, 2018
Altria buys stake in Cronos, Uber files for IPO & OPEC production cuts
In today’s Minutes: Altria invests $1.8B in Cronos, Uber files for an IPO, and OPEC agrees to oil cuts. Plus, will you ever actually be “good enough.”
December 10, 2018
Markets go haywire, Lyft files for IPO & OPEC discusses cuts
In today’s Minutes: another wild day for markets, Lyft files for an IPO, and OPEC contemplates production cuts. Plus, we pour one out for Bernie Madoff’s victims.
December 07, 2018
Facebook email leak, Huawei CFO arrest & Nomura blames quants
In today’s Minutes: a trove of internal Facebook emails were leaked, Huawei’s CFO arrested in Canada, and Nomura says that quants are the reason for the recent market sell-off. Plus, maybe this 300 year old book can help you understand the markets, but probably not.
December 06, 2018
Wells Fargo glitch, markets plummet & Thomson Reuters layoffs
In today’s Minutes: Wells Fargo’s glitch caused customers lose their homes, markets shook by trade war jitters, and Thomson Reuters plans layoffs.
December 05, 2018
Shell ties exec pay to carbon footprint, GlaxoSmithKline buys Tesaro & Qatar drops out of OPEC
In today’s Minutes: Shell will tie its executives pay to the company’s carbon footprint going forward, GlaxoSmithKline buys Tesaro for $5.1B, and Qatar announces it is leaving OPEC. Plus, get your Bill Gates on.
December 04, 2018
US-China trade truce agreed upon, Starwood hack & USMCA signed
In today’s Minutes: the US and China reached a truce in the ongoing trade war that will allow for further negotiations, hotel giant Starwood was hacked last week, and US, Mexican, and Canadian leaders agreed to a new trade deal. Plus if a CEO with ADHD can crush it, what’s your excuse?
December 03, 2018
Deutsche Bank office raided, Bayer cuts 12,000 jobs and sells off brands, and PBR is saved.
In today’s Minutes: Deutsche Bank’s HQ raided as part of money laundering investigation, Bayer announces 12k job cuts as it exits the animal health market in wake of Monsanto take over,, and PBR is saved. Plus bros named Chad decide which investment bank is more chill about work-life balance.
November 30, 2018
The Fed is dovish, Altria takes a stake in Juul, and Jeep creates The Gladiator.
In today’s Minutes: Fed’s Powell is dovish, Altria looks to take a large minority stake in Juul, and Jeep re-enters the midsize truck market with ‘The Gladiator.’
November 29, 2018
Papa John deal sours, “The Match” exceeds expectations, and the “Turkey 5”
In today’s Minutes: Trian backs out of Papa John’s deal, Tiger Woods new gig, and Amazon reports its biggest opening to holiday shopping season ever, while announcing a new health care software. Plus, how to stick it to a boss who steals your ideas.
November 28, 2018
GM layoffs, United Technologies restructuring & Third Point and Campbell’s settle
In today’s Minutes: GM announces 14k layoffs, United Technologies will split its businesses, and Dan Loeb and Campbell’s come to terms. Plus, it still sucks to be poor.
November 27, 2018
Oil continues to fall, GAP plans store closures & Black Friday sales hit all time high
In today’s Minutes: oil continues its plummet, the GAP plans to close hundreds of stores, and Black Friday sales hit an all time high. Plus, red flags to look for during an interview.
November 26, 2018
Markets see massive sell off & Walgreens and Humana join the healthcare race
In today’s Minutes: Markets fell drastically yesterday and Walgreens and Humana are looking to join forces. Plus, what we’re thankful for this year.
November 21, 2018
Nissan Chairman arrested, BuzzFeed adds paywall & SocGen pays massive settlement
In today’s Minutes: Nissan Chairman Carlos Ghosn arrested, BuzzFeed not above begging for donations, and Societe Generale settles its $1.3B tab with the US Government for violating sanctions. Plus, is the Price is Right method the key to the dreaded salary requirement section of a job application?
November 20, 2018
BlackBerry is back, Beyond Meat IPO & VW is going electric
In today’s Minutes: BlackBerry buys cybersecurity firm, Bill Gates backed Beyond Meat files for IPO, and VW is making a huge push into electric vehicles. Plus, nobody gives a damn about the real you.
November 19, 2018
PG&E shares plummeting, Facebook and Microsoft team up & earnings reports are in!
In today’s Minutes: shares of PG&E are plummeting amid wildfire threat, Facebook and Microsoft team up, and more earnings. Plus, nobody gives a damn about your job title.
November 16, 2018
Snap is facing SEC subpoena, Dell sweetens deal & Bain closes $1B fund
In today’s Minutes: the SEC and DOJ are sniffing around Snap HQ, Dell sweetens proposed deal that would take the company public, and Bain Capital closes $1B fund.
November 15, 2018
EU and UK near Brexit deal, oil continues free-fall & Waymo close to self-driving car service
In today’s Minutes: the EU and UK are near a Brexit deal, oil fell to its lowest point in a year, and Alphabet’s Waymo says it is very close to self-driving car services. Plus, should you use a personal device as your work phone?
November 14, 2018
It’s the end of the world as we know it, Diageo divests brands & Yanks to bid on YES
In today’s Minutes: the Dow fell 600 points and we’re all going to die, Diageo divests 19 of its brands for $550M, and the Yankees organization plans to buy the remaining 80% of YES that it doesn't own. Plus, are non-competes kosher?
November 13, 2018
Fed plans more bank deregulation, Alibaba’s singles day hits record & #MergerMonday
In today’s Minutes: Fed announces additional plans for deregulation, Alibaba’s Singles Day smashes sales record, and SAP buys Qualtrics. Plus, tech consultants are the new Don Drapers of the world..
November 12, 2018
Tesla names independent chairman of board, Google to add jobs in NYC & Monsters sues Coke
In today’s Minutes: Tesla names independent chairman of board, Google to add jobs in NYC, and Monsters sues Coke. Plus, Bloomberg releases controversial best B-School list.
November 09, 2018
US election’s economic impact, Papa John’s is totally screwed & Aegean files for bankruptcy
In today’s Minutes: US elections will impact economy, Papa John’s spent a ton of money distancing itself from Papa John & Aegean files for bankruptcy following massive scandal. Plus, who pays for those ‘I Voted’ stickers?
November 08, 2018
Goldman Sachs announces partners, Comcast to release cord cutter set-top box & Vice plans job cuts
In today’s Minutes: Goldman Sachs announces 69 new partners, Comcast plans to release a set-top box aimed at cord cutters & Vice plans to cut 15% of its workforce. Plus, a hacker posing as Elon Musk has already taken a bunch of suckers for $180k worth of bitcoin.
November 08, 2018
Amazon HQ2 cities set, US elections & Lowe’s closing down stores
In today’s Minutes: Amazon HQ2 will be split between two cities, US elections will impact economy & Lowe’s plans to close 51 stores. Plus, some autumn reading recommendations from the masters of the universe.
November 06, 2018
Jobs report beats expectations, meet GM’s e-bike & Iran sanctions kick in
In today’s Minutes: the Labor Department’s job report had a lot of good news, GM announces two new e-bikes & US sanctions on Iran go into effect. Plus, FIRE is kinda bullsh*t.
November 05, 2018
Goldman banker pleads guilty in 1MDB case, Googlers walkout & Apple’s shares plummet
In today’s Minutes: Goldman banker pleads guilty in 1MDB case, Googlers walkout to protest workplace sexual harassment & Apple’s shares plummet. Plus, forget your credit score … what’s your customer lifetime value?
November 02, 2018
GM offers voluntary severance, Fed approves new banking deregulation & the market’s terrible October
In today’s Minutes: GM offers voluntary severance to 18k employees, Fed approves new banking deregulation, and the market’s terrible October has finally come to an end. Plus, inflation … as measured by Panda Express’ orange chicken.
November 01, 2018
Amazon’s woes, GE cuts dividends & Apple’s big announcement
In today’s Minutes: Amazon valuation has fallen 25% since September, GE will cut its dividend to 1 cent, and Amazon rolls out new Macs and iPads ahead of holiday season. Plus, don’t take costume advice from Megyn Kelly for your office halloween look.
October 31, 2018
UK announces digital tax, German Chancellor Angela Merkel will not seek re-election
In today’s Minutes: UK announces 2% digital tax geared toward tech giants, German Chancellor Angela Merkel will not seek re-election, and will deliver Blue Apron meal kits. Plus Goldman and JPMorgan change recruiting practices.
October 30, 2018
IBM makes largest acquisition ever, Epic Games gets major investment
In today’s Minutes: IBM to buy Red Hat for $34B, Epic Games, the maker of Fortnite lands $1.25B funding round, and marketing agency Legends wins right to sell 2028 Olympic sponsorships. Plus, if you aren’t cheating, you aren’t trying … right?
October 29, 2018
Altria recalls it’s vape product after FDA pressure, Big Name Tech Stocks drop after markets close
In today’s Minutes: Marlboro maker and tobacco giant Altria announced that they are pulling their vape products off the market thanks to pressure from the FDA, Tech stocks dropped after hours as Alphabet, Amazon, and Snap earnings and forecasts didn’t meet the streets expectations. Plus, finding some nature on your commute can reduce stress levels.
October 26, 2018
Stock markets tumble, Tesla made a profit (I repeat, Tesla made a profit)
n today’s Minutes: stocks markets fell, with all major US indices down more than 2%, Tesla rakes in $311M in profit, and an Adidas exec is found guilty of wire fraud for his part in a wide-reaching college hoops scandal. Plus, Goldman Sachs published its annual fall reading list, so you too can read like a master of the universe.
October 25, 2018
CATERPILLAR’s poor forward looking projections led to an overall down day for the market.
In today’s Minutes: US indices dropped as much as 2% today on the back of Caterpillar’s poor forward looking projections, despite the fact that their top line earnings beat estimates. Refinery29, a digital media company that has come on the scene of late, announced that they are dropping 10% of their workforce. Plus, the illusive Inbox Zero isn’t always the most productive way to spend your time.
October 24, 2018
Richard Branson steps down as chairman of Virgin Hyperloop, Netflix will increase debt load, and Gol
In today’s Minutes: Richard Branson steps down as chairman of Virgin Hyperloop, Netflix will increase debt load via a $2B bond offering, and Goldman Sachs will get into the wealth management business for mere peasants. Plus, don’t worry, you’re not the only one who isn’t passionate about your job.
October 23, 2018
JPMorgan is going to Cali, Cleveland-Cliff’s CEO goes off the rail, and Moody’s cuts Italy’s rating
In today’s Minutes: JPMorgan plans to open a fintech hub in Silicon Valley, Cleveland-Cliff’s CEO goes off the rails on earnings call, and Moody’s cuts Italy credit rating to one step above junk. Plus, we’ve got some good news if you’re a terrible investor.
October 22, 2018
Oil has been in a freefall, Mnuchin drops out of Davos in the Desert, and Novartis buys Endocyte
In today’s Minutes: oil is in in a free fall just weeks after experts believed it could hit $100, US Treasury Secretary Steven Mnuchin was the latest headliner to pull out of the Future Investment Initiative Summit aka Davos in the Desert, and Novartis buys Endocyte for $2B. Plus, steer clear of financial advisers this week.
October 19, 2018
Deutsche Bank traders found guilty in Libor rigging case, Constellation Brands’ CEO to step down
In today’s Minutes: Deutsche Bank traders found guilty in Libor rigging case, Constellation Brands’ CEO to step down, and the US plans to withdraw from postal treaty. Plus, a crash course in legal weed.
October 18, 2018
Uber eyes $120B IPO valuation, Audi hit with massive fine, and Netflix does its best to make FANG gr
In today’s Minutes: bankers are pitching Uber on a $120B IPO valuation, Audi is hit with a $930M fine associated with diesel-gate, and Netflix beats earnings by a mile. Plus, all the cool kids are buying Sears right now.
October 17, 2018
US budget deficit hits 6-year high, Fidelity gets into the institutional crypto game, and Twilio buy
In today’s Minutes: the US budget deficit hits $779B, Fidelity will begin managing crypto for institutional clients, and Twilio will buy SendGrid for $2B. Plus, where you should be investing $10k right now..
October 16, 2018
Gary Cohn is out here living his best life, Saudi Arabian stock market slumps as pressure mounts, an
In today’s Minutes: Gary Cohn will take a role as an adviser to a blockchain startup, Saudi Arabia’s stock market slumps as questions remain about missing journalist, and Sears will enter Chapter 11 bankruptcy. Plus, why you’re not hearing back about jobs.
October 15, 2018
US report indicates China is not manipulating currency, Apple buys chip manufacturer, and Walmart wa
In today’s Minutes: the Treasury found no evidence that Beijing was manipulating its currency, Apple is paying $600M for a portion of Dialog Semiconductor, and Walmart is planning a foray into original entertainment. Plus, what not to do when you quit a job.
October 12, 2018
Bloodbath in US equity markets, Smile Direct Club’s massive funding round, and a Korean esport cable
In today’s Minutes: equity markets got absolutely crushed on Wednesday, Smile Direct Club raises $380M, and OGN, a South Korean epsorts cable network is shooting its shot in the US. Plus, our resident work mom is back to answer your pressing drug test questions.
October 11, 2018
Westmoreland coal files bankruptcy, Google is dropping Pixel 3, and Snap is falling down a slippery
In today’s Minutes: Coal mining company Westmoreland filed for Chapter 11 bankruptcy, Google is dropping the 3rd version of its phone Pixel, and Snap stock has dropped to its lowest value ever as it tries to become profitable. Plus, mortage rates are going up, what’s that mean for home prices?
October 10, 2018
Goolge+ is shut down, LinkedIn buys Glint, and Microsoft invests in Grab
In today’s Minutes: Google+ shutters after report of security breach that affected 500k users, LinkedIn buys employee engagement service Glint for undisclosed amount, and Microsoft invests $200M in Grab. Plus, it’s time to disconnect from the “always on” world.
October 09, 2018
Unemployment rate drops again, SoftBank and Saudi Arabia will team up again, and La Croix faces a la
In today’s Minutes: unemployment rates drop to 3.7%, Saudi Arabia plans to invest $45B in SoftBank’s second Vision Fund, and La Croix is being sued for including synthetic ingredients in its natural sparkling water. Plus, being the Excel ninja of your office is a blessing and curse.
October 08, 2018
Treasury bonds soar and send the market downward, Square dives deeper into banking activities, and A
In today’s Minutes: 10 Yr Treasury bond yields have reached multi-year highs as increased Fed rate hikes and an overall strong economy give investors more confidence, Jack Dorsey’s payment service, Square, will start allowing users to pay for items over time, with some interest, and Amazon and Apple were targets of Chinese espionage through a tiny microchips allegedly placed in their data centers. Plus, some advice on how to get ahead without burning out, from people who have been there.
October 05, 2018
Honda plans to invest in GM’s AV ambitions, Hortonworks and Cloudera will merge, and Highfields Capital will shut its doors to outside money
In today’s Minutes: Honda will partner with GM to develop autonomous vehicles as part of a $2.5B deal, Hortonworks and Cloudera will come together in a $5.2B merger, and Highfields Capital is the latest hedge fund to shut its doors. Plus, men slack off when their bonuses are replaced with salary. Shocker.
October 04, 2018
FDA raids JUUL HQ, Toys R Us is back from the dead, and Tencent Music plans massive US IPO
In today’s Minutes: FDA raids JUUL HQ seizing thousands of marketing documents, Toys R Us cancels bankruptcy auction and plans comeback, and Tencent Music is planning a $30B US IPO. Plus we’re taking and answering your career questions.
October 03, 2018
GE parts ways with CEO Flannery, Nafta 2.0 is a go, and Facebook names new head of Instagram
In today’s Minutes: GE parts ways with CEO Flannery in a surprise move, Nafta has been redrafted and renamed, and Facebook names Adam Mosseri to lead Instagram. Plus Slacking off has never been so productive.
October 02, 2018
Elon Musk and the SEC reach deal, 50M Facebook accounts were hacked, US and Canada closing in on NAFTA deal
In today’s Minutes: Elon Musk and the SEC settle suit, 50M Facebook accounts were hacked, and US and Canada are closing in on a NAFTA deal. Plus Marc Benioff, CEO of Salesforce, puts on a clinic in how not to reply to an email.
October 01, 2018
The SEC sues Tesla and Elon Musk, Petrobras will pay $853M settlement related to bribery charges, and Boeing wins massive Air Force contract
In today’s Minutes: the SEC sues Tesla and Elon Musk over his “funding secured” tweet, Petrobras will pay the US and Brazil a collective $853M to settle bribery charges, and Boeing wins $9B Air Force contract over Lockheed. Plus Jeff Bezos wants you to circumvent your boss.
September 28, 2018
The Fed raises interest rates again, Uber to pay massive settlement, and Stripe’s value continues to climb
In today’s Minutes: the FOMC will raise the Federal Fund Rate a quarter of a percent, Uber will pay $148M as part of a data breach settlement, and Stripe’s latest round values the company at $20B.
September 27, 2018
Michael Kors buys Versace, Qualcomm files lawsuit against Apple, and Arby’s owner buys up Sonic.
In today’s Minutes: Michael Kors has announced a plan to buy Versace for $2.1B and rename the company “Capri Holdings,” Qualcomm is suing Apple - claiming the latter stole Qualcomm’s chip design and gave it to Intel to make cheaper hardware, Arby’s owner continues its expansion by purchasing fast food company Sonic, and it may turn out that looking like you work 80 hours a week is more productive than actually working 80 hours a week.
September 26, 2018
Sirius inks a deal for Pandora, Snap and Amazon partner up, and Marathon and Andeavor merge to become the U.S’ largest Oil refiner.
In today’s Minutes: Sirius XM is buying music streaming service for $3.5B, SnapChat and Amazon agree on a partnership allowing users to buy items they see in Snaps through Amazon, The US’ has a new largest Oil Refiner, and if you thought getting replaced by a robot was bad, imagine a robot hiring that robot.
September 25, 2018
Comcast “wins” bid for Sky, China calls off trade negotiations until after mid-terms & we can all learn a thing or two about leadership from George Washington
In today’s Minutes: Comcast wins auction for Sky in weekend bidding war with Fox, China calls off trade negotiations with US as tariffs are set to kick in, and we can all learn a thing or two about leadership from George Washington.
September 24, 2018
Wells Fargo plans more job cuts, Fox and Comcast will settle Sky bidding war with auction & Amazon announces slew of new products
In today’s Minutes: Wells Fargo will cut 26k jobs over the next 3 years, Fox and Comcast will settle their bidding war for Sky with an auction, and Alexa is about to infiltrate your life. Plus, here’s how not to quit.
September 21, 2018
Denmark’s largest bank embroiled in massive money laundering scandal, Tilray’s wild day & Amazon to open thousands of cashierless stores
In today’s Minutes: Denmark’s largest bank faces allegations of fraud on a massive scale, Tilray rises as much as 94%, and Amazon plans to open up to 3k cashierless stores. Plus, the pressing economic question of our time is finally answered.
September 20, 2018
The DOJ launches investigation into Tesla over Musk tweets, credit card class-action ends with massive settlement & Postmates raises $300M
In today’s Minutes: the Department of Justice launches an investigation into Elon Musk and Tesla, major credit card companies settle on $6.2B payment to merchants suing over fees, and Postmates raises whopping $300M. Plus, ain’t nobody got time for non-competes.
September 19, 2018
Trump goes nuclear in trade war, Amazon is investigating internal leaks & Saudi Arabia invests $1B in Tesla competitor
In today’s Minutes: the Trump administration plans to implement tariffs on $200B worth of goods, Amazon is sniffing out internal snitches who are tipping of sellers on how to make more sales, and the Saudi government just invested $1B in a Tesla competitor. Plus, it’s time to stop office-pantry fat-shaming.
September 18, 2018
SpaceX will send a civilian to space, Staples buys Essendant for $482M & Marc Benioff buys Time magazine
In today’s Minutes: SpaceX will send a civilian to space in its BFR, Staples will buy Essendant, the massive supplier of office supplies for $482M, and Marc Benioff, the founder of Salesforce will purchase Time magazine for $190M. Plus, are cord-cutter TV packages worth it?
September 17, 2018
Goldman Sachs’ shakes up leadership, iHeartMedia buys HowStuffWorks & Walmart acquires Cornershop
In today’s Minutes: Goldman Sachs’ incoming CEO announces new leadership team, iHeartMedia will buy HowStuffWorks for $55M, and Walmart acquires Cornershop for $225M. Plus, it’s time to make weekday lunch great again.
September 14, 2018
Apple’s presser doesn’t disappoint, FDA threatens JUUL & Turnover Thursday
In today’s Minutes: Apple announces three new phones and new watch at annual conference, FDA threatens JUUL and other flavored e-cig makers for marketing to children, and C-Suites are lonely places
September 13, 2018
Jimmy Buffett does the most Jimmy Buffett thing ever, Hurricane Florence is on its way & Hudson’s Bay divests European assets
In today’s Minutes: Jimmy Buffett is getting into the cannabis industry … obviously, Hurricane Florence is about to wreak economic havoc on the US, and Hudson’s Bay merges European assets. Plus, finally, the stablecoin we’ve all been waiting to invest in.
September 12, 2018
Stellar to acquire Chain & Justin Kan’s latest startup raises $65M
In today’s Minutes: Stellar will acquire Chain for an estimated $200M and Justin Kan secures $65M from a16z for his latest startup. Plus, you might want to sit down for this … the third leading cause of death in the workplace is homicide.
September 11, 2018
Jack Ma announces succession plan, Tesla is going up in smoke & President Trump threatens more tariffs
In today’s Minutes: Jack Ma will step down as chairman of Alibaba next year, Elon Musk is under fire for smoking weed on the Joe Rogan podcast, and President Trump threatens additional tariffs on China. Plus, why you should let Kanye help you get your money right.
September 10, 2018
US DOJ finds North Korean hacker, CBS is working on Moonves exit package, and MasterClass raises $80M
In today’s Minutes: The US Department of Justice tracked down a North Korean hacker responsible for the Sony data breach in 2014, CBS has offered $100M to former-CEO Les Moonves who is currently under allegations of sexual harassment, and MasterClass who brings celebrity-taught classes to the public has raised $80M to expand internationally. Plus, does facial hair have a place in a professional setting?
September 07, 2018
Crypto gets more bad news, Twitter shares fall during Congressional hearing & Fox invests in streaming startup
In today’s Minutes: Goldman Sachs announces plans to table crypto trading desk, Twitter shares fell as much as 6% during Jack Dorsey’s hearing, and Fox will invest $100M in e-sports streaming startup, Caffeine. Plus, does facial hair have a place in a professional setting?
September 06, 2018
Amazon hits $1T market cap, Nike shares drop on new ad campaign backlash & ING hit with record fine
In today’s Minutes: Amazon becomes second company to hit $1T market capitalization, Nike shares fall 3% as #NikeBoycott takes hold, and ING will pay an $899M fine. Plus, why don’t markets give a f*ck about all of this bad news?
September 05, 2018
Coca-Cola purchases Costa coffee for $5.1B, Ford will stop importing the Chinese-manufactured Focus & Dunkin plans to invest $100M in its stores.
In today’s Minutes: Coca-Cola will close its largest acquisition to date, Ford is cancelling plans to import the Chinese-manufactured Focus, and Dunkin plans to invest $100M in its stores. Plus, should we feel bad for paying next to nothing for convenience?
September 04, 2018
Trump threatens to leave the World Trade Organization & D-Day for scooter operators in California
In today’s Minutes: Trump threatens to leave WTO if the organization doesn’t shape up and scooter startups find out their fate in California. Plus, don’t eat before 6:30 PM at Wells Fargo.
August 31, 2018
Amazon is feeling the Bern, SurveyMonkey to IPO & Dick’s Sporting Goods had a rough quarter
In today’s Minutes: Amazon and Bernie Sanders are publicly sparring over employee wages, SurveyMonkey publicly files for an IPO, and Dick’s sales fall on self-imposed gun restrictions. Plus, don’t take financial advice from Mychal Kendricks.
August 30, 2018
Yahoo still scans user emails, Aston Martin plans to go public & Yum China rejects buyout bid
In today’s Minutes: Yahoo still scans its more than 200M email accounts to facilitate marketer targeting, Aston Martin will go public with a valuation of more than $6B, and Yum China rejected a $17B buyout. Plus, Robinhood announces a slew of new security offerings.
August 29, 2018
US and Mexico reach NAFTA agreement, Toyota to invest in Uber & farmer bailout
In today’s Minutes: the US and Mexico have reached an agreement on parts of NAFTA, Toyota will invest $500M in Uber at a $72B valuation, and the Department of Agriculture will make $4.7B in aid available to farmers. Plus, never, ever say these things in an interview.
August 28, 2018
Tesla will remain public & IG gets back to its university roots
In today’s Minutes: Elon Musk announces that Tesla will remain public and Instagram will try to attract college students with private virtual communities. Plus, Microsoft’s Clippy is back … kinda.
August 27, 2018
Wendy’s sells stake in Arby's, Teva’s generic EpiPen wins approval & Doordash lands another massive funding round
In today’s Minutes: Wendy’s will sells its stake in Arby’s parent company for $450M, Teva wins approval to produce generic EpiPen, and Doordash lands $250M funding round. Plus, US employees are really, really bad at using PTO.
August 17, 2018
Corona maker Constellation goes big on weed beer, Qatar offers aide to Turkey, SEC issues a subpoena to Tesla
In today’s Minutes: Corona beer maker Constellation is investing $4B in Canopy Growth a weed company, Qatar pledges to lend Turkey $15B to help its Lira crisis, and the SEC issued a Subpoena to Tesla to investigate Elon Musk’s tweets of having “funding secured”.
August 16, 2018
Tinder employees sue IAC and Match, Coke buys stake in BodyArmor & Alphabet will invest in Oscar Health
In today’s Minutes: early Tinder employees are suing IAC and Match for $2B, Coca-Cola is buying a stake in Kobe Bryant’s Gatorade competitor, and Alphabet plans to invest $375M in Oscar Health. Plus, never take career advice from Omarosa.
August 15, 2018
Andreessen Horowitz to open celeb-led fund, VF Corp. will sell Lee and Wrangler denim brands & Netflix CFO to step down
In today’s Minutes: Andreessen Horowitz will open a celeb-led fund geared towards people of color, VF Corp. plans to sell Wrangler and Lee denim brands, and Netflix CFO David Wells plans to step down. Plus, next time you’re busy, just remember, it could be worse, you could be Jack Dorsey.
August 14, 2018
Turkey’s economic situation worsens, Monsanto loses major lawsuit & Citgo at risk due to Venezuelan ties
In today’s Minutes: after the US imposed tariffs on Turkey, the lira tumbled vs. the dollar, Monsanto will have to pay $289M in cancer suit, and Citgo shares at stake in a suit targeting Venezuela. Plus, never forget, your company could have another you in a minute.
August 13, 2018
Deutsche Bank continues to cut costs, Samsung announces Echo competitor & Adidas boosted by World Cup
In today’s Minutes: Deutsche Bank continues its cost cutting efforts, Samsung announces Galaxy Note 9 and an Echo competitor, and Adidas crushes earnings after winning World Cup. Plus how much millennials need to make to be “happy.”
August 10, 2018
Slack secures $400M in funding, SEC probes Musk’s tweet & Congressman arrested on insider trading charges
In today’s Minutes: Slack secures $400M in funding at a $7B valuation, the SEC will probe Elon Musk regarding the truthfulness of his infamous tweet, and Congressman Chris Collins was arrested and charged with insider trading. Plus it’s easier than ever for anyone to invest in early stage startups.
August 09, 2018
Elon Musk plans to take Tesla private, LA Rams owner buys remainder of Arsenal & NewTV raises $1B
In today’s Minutes: Elon Musk tweets that he is planning to take Tesla private, Stan Kroenke, the owner of the LA Rams buys the remaining portion of the Arsenal soccer team that he didn’t already own, and Meg Whitman led NewTV raises $1B. Plus how to set work-life balance boundaries.
August 08, 2018
New York-Uber showdown, Zillow buys mortgage lender & Pepsi CEO to step down
In today’s Minutes: the New York City Council is ready to approve a cap on new licenses for ride-hailing services, Zillow is buying Mortgage Lenders of America, and Indra Nooyi is stepping down as CEO of Pepsi. Plus how cleaning out your inbox can change how you work.
August 07, 2018
Starbucks will begin accepting bitcoin, Heineken goes all in on China & Beijing escalates trade war
In today’s Minutes: Starbucks teams up with Microsoft and ICE to allow consumers to pay with bitcoin, Heineken partners with China Resources Beer, and Beijing plans to impose tariffs on $60B worth of US goods. Plus Paul Krugman explains economics while riding a rollercoaster.
August 06, 2018
Apple hits $1T market cap, Brookstone files for bankruptcy, and Warner Music buys Uproxx
In today’s Minutes: Apple is the first US firm to hit a $1T market cap, Brookstone files for bankruptcy again, and Warner Music buys Uproxx. Plus what MoviePass’ woes mean for you.
August 03, 2018
Well Fargo’s huge fine, Tesla reports earnings, and Siemens makes large acquisition
In today’s Minutes: Wells Fargo faces a massive fine, Tesla reports earnings that met most expectations, and Siemens acquires Mendix. Plus Fidelity will begin offer two zero fee index funds.
August 02, 2018
Facebook uncovers fake political accounts, MoviePass raises prices and reduces movies, and Chipotle screws up, again.
In today’s Minutes: Facebook deleted over a dozen fake Instagram and FB accounts used for political misinformation, after having to take out emergency loans earlier this week to stay in business MoviePass announces a raise in prices, and after a nice earnings beat, Chipotle had to shut down another store in Ohio after two customers got sick.
August 01, 2018
Nokia and T-Mobile make a $3.5B deal, US Foods buys 5 businesses from Services Group of America, and American Express was caught charging customers higher rates
In today’s Minutes: Nokia and T-Mobile agreed to a deal to make the world’s largest 5G network deal, US foods bought one, two, three, four, five food businesses from Services Group of America for $1.8B, and American Express made deals with foreign business customers assuring one rate, but upped it without notification.
July 31, 2018
WeWork China raises $500M, MoviePass briefly runs out of money & BP buys BHP’s US assets
In today’s Minutes: WeWork China raises $500M to expand to additional cities, MoviePass secures an emergency loan after briefly running out of cash, and BP buys BHP’s US onshore assets for $10B. Plus, never, ever use LinkedIn’s new voice messenger.
July 30, 2018
Walmart ends partnership with Synchrony, Slack buys Atlassian’s chat platform & Amazon hits record profit
In today’s Minutes: Walmart ends its two-decade store-card partnership with Synchrony, Slack will buy Atlassian’s Hipchat, and Amazon hits record profit despite lower than expected revenue. Plus, how does Facebook’s bloodbath affect your personal finances?
July 27, 2018
Facebook’s bloodbath, 23andMe teams up with pharma giant & Waymo and Walmart announce partnership
In today’s Minutes: Facebook misses revenue projections and shares plummet, 23andMe and GSK will enter $300M partnership, and Waymo will partner with Walmart and others to help shuttle shoppers. Plus, why cash shouldn’t rule everything around you.
July 26, 2018
Ford makes big investment in autonomous vehicles, eBay and Square are teaming up & Lululemon names new CEO
In today’s Minutes: Ford consolidates its autonomous vehicle groups and makes a massive investment in the technology, eBay and Square are teaming up to provide small business loans, and Lululemon names Calvin McDonald as CEO
July 25, 2018
Tesla asking for refunds, Pinterest closing in on $1B in ad revenue & Nike planning to bump pay
In today’s Minutes: Tesla is asking for refunds from some of its suppliers, Pinterest is quickly closing in on $1B in ad revenue and plans to IPO in 2019, Nikes plans to bump pay for 10% of workforce in effort to end pay inequality. Plus, what EBITDA really means.
July 24, 2018
State Street to buy Charles River Systems, Eventbrite files for IPO & Fiat Chrysler CEO steps down
In today’s Minutes: State Street will buy Charles River Systems for $2.6B, Eventbrite has filed a confidential IPO, indicating its intention to go public, and Fiat Chrysler CEO steps down amid ailing health. Plus, how to implement work jargon into your personal relationships.
July 23, 2018
Comcast drops of out bidding war for Fox, Wells Fargo messed up … again & a cannabis producer’s IPO
In today’s Minutes: Comcast will drop out of the bidding war for Fox, instead focusing on SkyTV, Wells Fargo will reimburse clients for products they didn’t want or need, and Tilray is the first ever cannabis producer to IPO. Plus, if unemployment is so low, why aren’t wages increasing?
July 20, 2018
EU hands down record fine to Google, Facebook vows to police certain fake news & Prime Day boosts non-Amazon retailers
In today’s Minutes: the EU hands down a $5.1B fine to Google for its business practices in the mobile phone market, Facebook will begin policing fake news that promotes violence, and Prime Day boosts non-Amazon retailers too. Plus, we take you “Behind Closed Mahogany Doors.”
July 19, 2018
Walmart-Microsoft partnership, Jay Powell addresses Congress & Texas Instruments’ CEO steps down.
In today’s Minutes: Walmart and Microsoft will partner to take on Amazon, the Fed Chair addresses Congress, and Texas Instruments’ CEO steps down. Plus, what your Venmo transactions say about you.
July 18, 2018
Meet Goldman Sachs’ new CEO, Amazon outage & FCC threatens Sinclair-Tribune deal
In today’s Minutes: Goldman Sachs will name David Solomon as CEO, Amazon goes down on Prime Day, and the FCC threatens Sinclair-Tribune deal. Plus, full coverage of Amazon Prime Day deals.
July 17, 2018
Netflix dethrones HBO, the US lifts ban on ZTE & US bank earnings reports
In today’s Minutes: Netflix collected more Emmy nominations than HBO, the US lifts its ban on ZTE after the company paid its fine in full, and US banks begin a barrage of Q2 reporting. Plus, it's time to start looking more closely at your phone bill.
July 16, 2018
Papa John steps down … again, the US Justice Department appeals AT&T-Time Warner decision & Johnson & Johnson settles cancer case
In today’s Minutes: John Schnatter steps down as chairman of Papa John’s after dropping a racial slur, the US Department of Justice is appealing a court decision allowing the AT&T-Time Warner deal to proceed, and Johnson & Johnson settles ovarian cancer suit. Plus, tread carefully on Venmo.
July 13, 2018
Broadcom to acquire CA Technologies, ABC and ESPN will broadcast Overwatch & Dunkin Donuts is getting a new CEO
In today’s Minutes: Broadcom will acquire CA Technologies for just under $19B, ESPN and ABC will air Overwatch in primetime, and Dunkin Donuts is getting a new CEO. Plus, Papa John teaches us how to not act on a conference call.
July 12, 2018
Tesla announces Shanghai factory, MediaMath raises $225M & Postmates expands
In today’s Minutes: Tesla announces plans for a massive new factory in Shanghai, MediaMath raises $225M and attains unicorn status, and Postmates will expand to 100 new cities. Plus, we tackle how not to quit your job and lifestyle creep.
July 11, 2018
Uber partners with Lime, Starbucks will phase out straws & Timehop was hacked
In today’s Minutes: Uber will partner with Lime in a $335M deal, Starbucks plans to phase out all single use straws by 2020, and 21M Timehop users were hacked. Plus, there are only 3 times when an emoji is acceptable in work email and why are today’s billionaires so damn boring?
July 10, 2018
Sonos files for IPO, the Winklevoss twins hire NYSE CIO & the trade war’s next front
In today’s Minutes: Sonos has files for an IPO, Gemini, the Winklevoss twins’ crypto exchange hires the NYSE CIO, and Russia plans to impose retaliatory tariffs on US. Plus, robots are coming for your white collar job and the products Americans associate with high income.
July 09, 2018
Juul’s massive valuation,Tesla hits Model 3 goal & Canada strikes back in trade war
In today’s Minutes: Juul raises $1.2B to make vaping cool again, Elon Musk and Tesla hit their goal of producing 5k Model 3’s in one week, and Canada strikes back against US with $13B in tariffs. Plus, the case for bringing back the AIM away message.
July 02, 2018
Amazon buys PillPack, Deutsche Bank with a major stress test FAIL, and Ray Dalio is stepping back at Bridgewater
In today’s Minutes: Amazon will acquire online pharmacy company PillPack as it finally breaks into the Healthcare sector, Deutsche Bank failed a Stress Test performed by the Federal Reserve, and Investing Savant Ray Dalio announced he will be stepping back and reducing his role in managing Bridgewater Associates. Plus, we have an expert reading list for vacation!
June 29, 2018
Conagra buys Pinnacle, Lyft's valuation doubles & Peloton’s acquisition
In today’s Minutes: Conagra Brands will acquire Pinnacle Foods for $8.1B, Lyft’s valuation reaches $15B after raising $600M, and Peloton acquires music startup Neurotic Media. Plus, we try to kick our iPhone habit.
June 28, 2018
WWE’s new TV deal, Sequoia’s latest fund & London grants Uber a license
In today’s Minutes: WWE inks a new TV deal with USA Networks and Fox Sports, Sequoia Capital has raised $6B of the $8B it is looking to secure for its latest fund and the city of London will grant Uber a 15-month license. Plus, we say goodbye to GE.
June 27, 2018
Harley Davidson’s manufacturing changes, AT&T’s latest acquisition & Andreessen Horowitz launches crypto fund.
In today’s Minutes: Harley Davidson plans to combat tariffs by moving production abroad, AT&T plans to acquire AppNexus for $1.6B and Andreessen Horowitz will launch a crypto fund. Plus, inside Amazon’s plan to allow poor performers to literally beg for their jobs.
June 26, 2018
OPEC increases output & Trump’s new tariff threats.
In today’s Minutes: OPEC will increase oil output by about 1M barrels per day to bring prices down and Donald Trump is proposing additional tariffs on European car imports. Plus, we’ve got a look at the week ahead in business, economic, and markets news.
June 25, 2018
Attack of the Internet Tax, AT&T gets into TV, Swiggy seeks to take over the food delivery game in India.
In today’s Minutes: The supreme court ruled in favor of states to collect sales tax on internet sales within their jurisdictions, AT&T announced a limited TV service, and Food delivery company Swiggy received a $465M funding round, putting it over a $1B valuation. You asked for it, and we keep bringing you more personal finance tips!
June 22, 2018
Mega healthcare venture assigns a CEO, Instagram introduces Long-form video, and Fox accepts Disney’s offer for purchase
In today’s Minutes: JP Morgan, Amazon, and Berkshire Hathaway appointed a CEO to run its healthcare venture, Instagram rolled out Long-form video to its 1 billion followers, and Fox finally chose Disney as its suitor to the acquisition ball. Plus, we’re dipping our toes in bringing you the latest in personal finance.
June 21, 2018
Bain acquires Varsity Brands, mobile data broker backlash & GE removed from Dow
In today’s Minutes: Bain Capital acquires Varsity Brands in a deal worth $2.5B, mobile providers are pulling the plug on data brokers, and Walgreens will be replacing GE in the Dow Jones Industrial Average. Plus, we’re dipping our toes in bringing you the latest in personal finance.
June 20, 2018
SurveyMonkey to IPO, Google invests in & Square to allow crypto trading
In today’s Minutes: SurveyMonkey has confidentially filed for an IPO, Google plans to invest $550M in to combat Amazon, and Square got the greenlight to allow crypto trading in-app. Plus, Elon Musk’s latest email to Tesla employees might be cause for concern.
June 19, 2018
Meet WarnerMedia, Apple and Oprah collab & Theranos CEO indicted
In today’s Minutes: AT&T will rename Time Warner as WarnerMedia, Apple and Oprah plan to collaborate on Apple’s new streaming service, and Elizabeth Holmes is indicted on wire fraud charges. Plus, Moelis is not happy with bankers latest Excel hack.
June 18, 2018
Etsy rises on fee increase, Ether isn’t a security & the World Cup is very, very expensive
In today’s Minutes: Etsy’s stock soars on news that it will increase fees, the SEC announces that it will not categorize Ether as a security, and the World Cup is costing Russia about $11B. Plus, bankers spend a lot of time trying to predict who will win the World Cup.
June 15, 2018
VW to pay massive fine, Toyota invests in Grab & Fed hikes interest rate
In today’s Minutes: VW to pay 1B euro fine stemming from diesel-gate, Toyota makes a $1B investment in Grab, and the FOMC hikes the federal fund rate. Plus, WTF is the federal fund rate?
June 14, 2018
AT&T-Time Warner deal gets greenlight, Nintendo’s E3 news & Tesla job cuts
In today’s Minutes: AT&T-Time Warner deal gets greenlight, Nintendo announces Super Smash Bros. and Fortnite at E3, and Tesla plans to cut jobs amid Model 3 delivery delays. Plus, Google is planning to change the college search game.
June 13, 2018
Bitcoin’s latest woes, Mars buys vet operator & Domino’s latest marketing ploy
Today’s daily brief includes bitcoin’s latest plummet, the confectioner, Mars, will buy a vet operator for over $2B, and Domino’s Pizza ventures into construction. Plus, how to deal with stress and anxiety at work.
June 12, 2018
Verizon’s new CEO, G7 trade drama & US gives Chinese firm greenlight in Genworth deal
Today’s daily brief includes Hans Vestberg taking over as Verizon CEO, the G7 wrapped up but not without major drama, and US authorities will allow a Chinese conglomerate to take over Genworth Financial. Plus, tech bros finally get what's coming to them for using first-name-only email addresses.
June 11, 2018
McDonald's management shakeup, Amazon to stream EPL & ZTE settles with US government
Today’s daily brief includes McDonald's plans to cut layers of management as part of a $500M cost cutting initiative, Amazon won the right to stream 20 EPL games, and ZTE will settle with the US government for $1B. Plus the team shares their favorite TED talks. Remember, work might suck, but you don’t have to.
June 08, 2018
Ritual raises $70M, L Catterton invests $200M in Honest Co. & Athenahealth CEO resigns
Today’s daily brief includes the latest on Ritual’s $70M funding round, L Catterton’s investment in Jessica Alba’s Honest Co., and the resignation of Athenahealth’s CEO amid sexual harassment allegations. Plus we contemplate if an MBA is worth it. Remember, work might suck, but you don’t have to.
June 07, 2018
UK government takes hit on RBS, MLB buys Rawlings & MyHeritage hack
Today’s daily brief includes the latest on the UK taking another massive loss on the sale of its stake in RBS, Major League Baseball plans to purchase the maker of its official ball, and MyHeritage, a popular genealogy site, uncovers a data breach affecting 92M users. Plus we’ve got some tips on free courses from Udemy and a free book from Bill Gates. Remember, work might suck, but you don’t have to.
June 06, 2018
Walmart sells Brazilian assets, Howard Schultz steps down & Microsoft buys GitHub
Today The Water Coolest covers Walmart taking a loss on the divestiture of its Brazilian assets, Howard Schultz will step down as Executive Chairman of Starbucks and Microsoft finally buys GitHub. Plus full coverage of Apple’s WWDC.
June 05, 2018
Unemployment rate, sports betting in Delaware & Facebook kills trending section
Today The Water Coolest covers the lowest unemployment rate in close to 18 years, Delaware plans to become the first state to legalize single-game sports gambling and Facebook will kill its “trending” section amid fake news controversy. Plus some Monday Motivation from Eric ‘The Hip Hop Preacher’ Thomas and a look at the week in news ahead.
June 04, 2018
Deutsche Bank in trouble, Softbank invests in GM & steel and aluminum tariffs
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June 01, 2018
Bayer-BASF deal, turmoil in Italy & JAB buys Pret
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May 30, 2018
Amazon Echo is a creep, Fiat’s recall & GDPR is alive
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May 29, 2018
Uber’s crash report, Rover raises $155M & Netflix tops Disney
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May 25, 2018
Fortnite prize pool, GE sale & largest hedge fund startup to date
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May 22, 2018
Well, well, Wells; BJ's going back in; Bain Capital Purchase
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May 18, 2018
SEC’s satirical crypto warning & Macy’s continued growth
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May 16, 2018
Tesla’s re-org, CBS lawsuit & legalized sports gambling
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May 15, 2018
Barclay’s CEO hit with fine, C-Suite shakeup & more Xerox drama
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May 14, 2018
Takeda finalizes Shire deal, Google’s I/O conference, Comcast wants Fox
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May 09, 2018
Merger Monday, Instagram stories will add music & Nestle will sell Starbucks coffee
Merger Monday, Instagram stories will add music & Nestle will sell Starbucks coffee
May 08, 2018
Xerox-Fuji deal gets complicated, Wells Fargo settles suit & unemployment rate drops
Meet The Water Coolest Minutes, your daily business news and professional advice podcast.
May 07, 2018