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Hey Snackers,
A mother sued Mattel for that time it printed the wrong URL on boxes of āWickedā dolls. Instead of going to the movieās page, it directed buyers (including the plaintiffās child) to a spicy site. Since the snafu, the adult site has seen a spike in searches (#popular).Ā
The techy Nasdaq surged to a fresh record yesterday, as did bitcoin, which eclipsed $107K. Investors have eyes on the Fedās interest-rate meeting tomorrow.
Appleās reportedly working on a foldable iPhone as smartphone sellers try rebooting sales
All in on foldingā¦ Appleās been busier than usual. The tech icon is said to be planning foldable devices, including a bendy iPhone with a larger screen than the 16 Pro Max. Another gadget, designed to function as a laptop, will feature a foldable 19-inch screen that rivals the size of some desktop monitors. Plus, sources say Appleās working on a slimmer (non-foldable) iPhone with a simplified camera thatāll retail for less than Pro models. The new tech could roll out as soon as 2026.
In the fold: Apple will be competing with rivals like Samsung, which already offers foldable models like the Galaxy Z Flip and Z Fold. But sales of Samsungās new Fold 6 were reportedly underwhelming.
Fold over: The foldable-smartphone market grew 49% in the first quarter, driven by newer entrants like Motorola and Chinaās Huawei (which overtook Samsung as the top foldable phone seller in May).
Not phoning it inā¦ After two straight years of declines, global smartphone sales rebounded as companies debuted cheaper models and devices packed with AI. In October, Apple reported that iPhone sales ticked up for the first time in two quarters, driven by genAI-infused updates. Still, analysts said presales for the AI iPhone 16 models were lower than sales for the 15ās launch (genmojis havenāt saved the day). Apple may be trying to climb out of its rut with fresh devices like foldables, which make up less than 2% of the smartphone market.
More options can unlock more appealā¦ By offering more designs and price points, Apple could inspire customers whoāve been slow to upgrade or Android users looking for a more familiar feel. The strategyās worked before: after Apple came out with the larger-screen Plus category, in 2014, its iPhone 6 models sold in the millions right out of the gate.
No crypto wallet? No problem.
Bit by bitā¦ Diversify your portfolio with Bitcoin exposure, wherever you invest. Grayscaleās Bitcoin Mini Trust ETF (ticker: BTC) is one of the most affordable1 ways to gain exposure to Bitcoin through your existing brokerage account (though brokerage fees may still apply). Thatās right ā you donāt need a separate crypto wallet like you would to hold actual Bitcoin. You can invest in BTC the same way as any ETF.
For the crypto-curiousā¦ Grayscale is a great place to start. Theyāve been offering exposure to crypto through familiar investment vehicles for over a decade. Today, they offer a suite of over 20 different funds covering Solana, Filecoin, Chainlink, and others for investors to choose from.
Type BTC on your preferred investment platform to check out the Bitcoin Mini from Grayscale. Think crypto, invest Grayscale.2
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ā40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.
Unionized Amazon workers are primed for a strike as labor flexes its holiday leverage
Unboxing a strikeā¦ Unionized Amazon workers want a contract, and theyāre using the companyās peak shipping season as a bargaining chip. On Friday, 5.5K warehouse employees and delivery drivers serving New York City voted to authorize a strike against Amazon. While authorization doesnāt guarantee a work stoppage, it boosts the odds of one with just over a week before Christmas.
Wish list: Amazonās union, which joined the 1.3M-strong Teamsters union this summer, is demanding wage hikes, safer working conditions, and added job security. Amazon hasnāt formally recognized the union (awkward).
Cartful of problemsā¦ While Amazonās unionized workforce is a tiny fraction of its 800K front-line US workers, if it wins a sweetened contract, it could quickly spur more warehouse unionization (and work stoppages). A holiday strike would be the latest in a string of negative labor headlines for Amazon.
Safety problems: A Senate investigation published on Sunday found that Amazon manipulated warehouse-injury data, ignored internal safety recommendations, and discouraged injured workers from getting outside medical care.
Corporate conflict: Amazonās also facing pushback from its corporate staffers, who are required to return to the office five days a week beginning next month. 73% of employees are said to have considered quitting because of the mandate.
Timing is strengthā¦ By threatening to strike during Amazonās peak sales season, the union is maximizing its leverage. Timed labor actions have become a key move for US unions this year. The New York Timesā tech guild walked out on a day before the presidential election. Airline unions connected to United and American authorized strikes ahead of the record Thanksgiving travel week. And the brief East Coast dockworker strike in September was timed to upend the holiday-shopping supply chain.
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What else weāre Snackinā
UnitedHealth CEO Andrew Witty called US healthcare āflawedā as he addressed the killing of insurance head Brian Thompson.
SoftBank CEO Masayoshi Son said the Japanese investment giant would spend $100B in the US during POTUS-elect Trumpās term in office.
Enterprise-software biz MicroStrategy bought more bitcoin to add to its $45B BTC stash ahead of joining the Nasdaq 100, which itās set to do next week.
Honeywell may be known for home appliances like dishwashers, but it also operates an aerospace biz that itās considering selling off to streamline operations.
WHP is said to be closing in on a deal to buy wedding-dress maker Vera Wang, expanding a retail portfolio that includes Bonobos, Toys āRā Us, and Rag & Bone.
Think crypto, invest Grayscale. If youāre ready for crypto, Grayscale offers more than 20 different crypto funds. Explore the product suite at Grayscale.com, or search Grayscale in your investment account today. Investing involves risk and possible loss of principal.Ā²
Snack Fact of the Day
The net worth of median US homeowners is 40x greater than that of median renters
Tuesday
Fed meeting begins
Retail sales
Homebuilder confidence
Earnings expected from Amentum
Authors of this Snacks own bitcoin and shares of: Amazon and Apple
Advertiser's disclosures:
Ā¹ Lowest cost is based on gross expense ratio at .15%.
Ā² Please read the prospectus carefully before investing in the Trust. Foreside Fund Services, LLC is the Marketing Agent for the Trust.
Investing involves significant risk, including possible loss of principal. The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset exchanges may impact the value of Bitcoin and, consequently, the value of the Trust. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. There is no guarantee that a market for the shares will be available, which will adversely impact the liquidity of the Trust.
The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors. There is no certainty that an active trading market for shares will develop or be maintained which will adversely affect the liquidity of shares of the Trust.
Ā³ Paladin generated over $2M in sales in 2024, marking over 500% year-over-year sales growth. Paladin launched their product in 2023.
ā“ The up to 40% discount requires a minimum investment of $2500. To reach the 40% discount, you must invest $25000 and be a customer of the product.
This is a paid advertisement for Paladin Powerās Regulation CF offering. Please read the offering circular and related risks.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.