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Last week's highlights

Snacks / Monday, February 13, 2023
  • Fluffy: Americans aren’t trading down on their pets. As folks keep spoiling their fur babies, companies like Post, General Mills, and Purina maker Nestlé are investing in the fast-growing pet-food biz.
  • Control: After FTX’s collapse, Binance now reportedly controls over half of crypto spot trading. But the exchange has had some issues, and the industry could be at risk of putting too many eggs in one basket.
  • Sail: Royal Caribbean’s cruise booking volumes blew prepandemic #s out of the water last year. Rivals Carnival and Norwegian Cruise Line are also sailing with tailwinds as consumers keep YOLO spending on experiences.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.