(Rani Molla/Sherwood News) |
|
|
We’ve reported before that the Oval Office has gotten literally shinier and more golden since President Donald Trump started his second term. But Sherwood News’ Jon Keegan noticed that Trump has kicked it up another notch, and made this interactive viewer so you can really see all that glitters in gold at the White House. And that’s not all: the president has now set his sights on bringing the bling to the Cabinet Room.
The S&P 500 ended last week on a soft note, weighed down by the threat of a widespread tariff hike. Remember, Trump always raises tariffs (or TART, if you like). The benchmark US stock index gave back 0.3%, the Nasdaq 100 fell 0.2%, and the Russell 2000 slumped 1.3%.
Test your knowledge on this week’s stories with our Snacks Seven Quiz. Here’s a sample question: Which is an actual dessert diss Figma CEO Dylan Field wrote in his essay for his application for the Thiel Fellowship? |
- “Apple pie isn’t innovative”
- “Cupcakes aren’t collaborative”
- “Chocolate is repulsive”
- “Ice cream is poorly designed”
|
|
|
Slate Automotive CEO Chris Barman is entering an increasingly crowded American electric vehicle market with a rare proposal: delivering an electric truck that costs only about $25,000, without any tax credits, by the end of next year.
The Jeff Bezos-backed startup is a shot across the bow for the entire auto industry, especially one where a rival electric truck might cost 3x that. Sherwood toured Slate’s design studio and prototype facility in Michigan and sat down with Barman to talk about how she plans to achieve what no one else in America has.
|
- Much of the cost of vehicles comes from that entertainment console and the sophisticated computing that will enable self-driving. Slate’s avoiding that altogether and just focused on providing an affordable car.
-
“We want this vehicle to live on with time. As the consumer electronics life cycle changes, you can just buy a different tablet when you want and mount it,” Barman told Sherwood.
-
A huge advantage? By using composite exterior panels, Slate doesn’t need a stamping operation or even a paint shop, which Barman said saves the company something like $400 million to $600 million in capital expenditures.
|
“Through simplification as well, we have roughly a little over 600 parts, where most vehicles today have 2,500 or more,” Barman explained. “It brings our costs down. We don’t have to have as many engineers designing parts. We don’t have to have as many employees putting parts on the vehicle. We don’t have to have as many supplier-quality engineers.”
|
|
|
They’ve Paid Out $325M to Users — Now They’re Giving FREE Shares to Snacks Readers |
Snacks readers can claim $15 in Mode Mobile shares at no cost and with no credit card required.1
Here’s the backstory: Mode Mobile was 2023’s #1 fastest-growing software company according to Deloitte.2 Their disruptive tech, EarnPhone and EarnOS, has helped users earn and save an eye-popping $325M+, driving 32,418% revenue growth3 from 2019-2022 and a massive 50M+ consumer base.
They’ve recently secured their Nasdaq ticker $MODE,4 and their EarnPhone is stocked in Walmart, Target, and Best Buy. But Mode’s not stopping there…
They’re turning smartphones into income generating assets, and for the first time ever you can become a shareholder in their company, for FREE!
Claim your $15 in free Mode Mobile shares today.1 |
|
|
Stories we’re obsessed with |
-
The crypto rally is very much on. Last week was filled with wild enthusiasm for crypto at levels we haven’t seen in some time, and it wasn’t just for bitcoin, which broke record after record to hit $118,667 on Friday morning. Meanwhile, ethereum climbed to a five-month high, reclaiming the $3,000 level as ethereum ETFs and treasuries pick up steam, among other reasons. All this comes ahead of what the White House has declared is “Crypto Week” and the possible passage of the GENIUS Act, which focuses on stablecoins but could send the entire ecosystem soaring if passed.
-
The market’s decided that tariffs ≠ recession anymore. There are many ways to say “the market is pricing in no recession and a continued AI boom,” but let’s focus on two of them. First: Nvidia on Friday enjoyed a healthy gain while the S&P 500 had a relatively run-of-the-mill decline following some fresh tariff tape bombs that sent futures lower Thursday evening and Friday morning. That’s one way to say it. Another way would be to look at the market’s pricing of inflation risk over the coming 24 months, and how that’s evolved since tariffs started to become a front-burner issue. Here’s how that looks, charted.
|
Both Cava and Sweetgreen want to become the next Chipotle. In the last few years, with piles of people opting for a salad and even larger piles of capital willing to pour into the sector, healthy, premium chains have expanded aggressively to chase the success of Chipotle — which has seen its stock soar more than 6,000% since going public in 2009, an astounding rise visualized here.
Which chain is winning the slop bowl battle? |
|
|
Meet the CEO offering you free shares in his company |
|
|
|
