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Hey friends - happy Friday!
I just got back from spending the week in Charlotte. Our company was accepted into the premier fintech startup accelerator, so we’ve been meeting with investors, mentors, and advisors all week, building out our growth and development strategy for the year ahead. Exciting stuff coming!
Welcome back to the weekly Scoops Spotlight, where we’ll serve up a little summary of the week with the company scoops that got the most community reactions.
If you haven’t downloaded the app yet, follow the directions at the bottom of the email. Right now, it’s an invite-only beta, so you have exclusive access.
🌎 The Big Picture
This week was mostly about anticipation for next week. We’ve been promised more clarity around global trade policies and tariffs on April 2nd, and the end of the month and quarter will provide a series of important data to help us understand where the economy is headed and whether this uncertainty-driven pessimism is really starting to affect spending and business activity yet or not.
Layoffs remain low outside of the federal government, and corporate profits and home sales are picking up. Wall Street bonuses hit record highs, and home affordability has improved very slightly thanks to increased supply and falling mortgage rates.
But even with declining mortgage costs and home prices, most Americans still can’t afford to buy a home, and consumer confidence has plunged to its lowest level in years.
A weaker dollar, proposed tax cuts, and new tariffs are raising concerns about cost-of-living inflation, higher gas prices, and long-term government debt problems.
Business activity has improved a little since the start of the year, but hiring and investment are shaky. The future of student loans looks uncertain as the Department of Education faces major restructuring.
But at least you can pay off your pizza delivery in multiple installment payments (as long as you don’t miss one!)
How are you feeling about the economy? |
Get the full breakdown of all the trends affecting your home, wallet, and career in the new Weekend Scoop on the Scoops app!
🏭 The Companies Everyone’s Talking About
 Boeing 👍 27% 👥 41% | 🌏 42% | 💰 44% | Trial Ordered Boeing will stand trial on June 23 in a criminal case related to the two deadly 737 Max crashes, after rejecting a plea deal that included a $455 million fine and safety improvements. The trial marks a significant development in the case, which has been ongoing since 2018, and could have major implications for Boeing's reputation and financial future. |
 DoorDash, Inc. 👍 59% 👥 53% | 🌏 52% | 💰 56% | Eat Now Pay Later DoorDash will now allow customers to finance their delivery orders, partnering with Klarna, a Buy-Now-Pay-Later company, to offer flexible, interest-free installment payment options. The delivery company has been rapidly expanding its market share, and this new method will allow customers to stretch their budgets as delivery costs climb. |
 23andMe 👍 22% 👥 55% | 🌏 55% | 💰 42% | DNA Downfall 23andMe, the DNA-testing firm with 15M+ users, filed for bankruptcy as its recurring revenue and drug ventures stalled, prompting CEO Anne Wojcicki to step down. Now under interim CEO Joe Selsavage, the firm faces a steep valuation plunge from a $6B peak as it seeks buyers for its vast genetic database. |
 GameStop Corp. 👍 40% 👥 56% | 🌏 51% | 💰 47% | Bitcoin Bet GameStop’s board has approved a plan to invest a portion of its $4.8 billion cash reserve in bitcoin as part of CEO Ryan Cohen’s strategy to revive the brick-and-mortar business The gaming retailer is looking for new revenue streams as it faces increased competition in e-commerce. |
 Meta Platforms 👍 56% 👥 41% | 🌏 47% | 💰 53% | Ad-Free Option Meta plans to offer Europeans a choice: keep Facebook and Instagram free with personalized ads or pay $14/month to access the social media sites without advertisements in response to legal pressure around EU privacy laws. The tech giant, long reliant on ads, has proposed the ad-free subscription model to European regulators to meet its tighter consent requirements without losing revenue from the 250M+ European users on each platform. |
Dig into more scoops and vote on company approval ratings in the Scoops app!
❔ The Big Question of the Week
Should Buy-Now-Pay-Later financing options be restricted to large dollar purchases? |
Challenge your perspectives and learn from the community voting on the Scoops app!
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