Newsletter Jan 25, 2022
3 things you must know
  • Omicron has restaurant industry once again feeling the pinch

    The restaurant industry is calling on Congress for help again, sounding the alarm that the Omicron variant is threatening jobs in this sector. The National Restaurant Association is warning that restaurants are approaching a breaking point as the virus scares away patrons, drives down revenue, and puts 1.6 million jobs at risk. 

    FIND OUT WHAT THE RESTAURANT INDUSTRY IS ASKING FOR

  • News of potential Kohl's takeover sends stock price soaring

    There was at least one exception to Monday's early stock-market plunge. While most stocks were taking hits, Kohl's went the opposite direction due to speculation of a pending sell-off. Reports say two groups are bidding for the retailer, sending the price through the roof.

    FIND OUT WHICH TWO GROUPS ARE BIDDING FOR KOHL'S

Markets
DJIA 34,364.50 0.29%
S&P 500 4,410.13 0.28%
Nasdaq Composite 13,855.13 0.63%
Japan: Nikkei 225 27,082.76 -1.83%
UK: FTSE 100 7,297.15 -2.63%
Crude Oil Futures 83.80 0.59%
Gold Futures 1,841.50 -0.01%
Yen 113.88 -0.08%
Euro 1.13 -0.02%
* As of market close

Meta unveils plans for new supercomputer

Facebook's parent company Meta announced Monday it is launching one of the world's most powerful supercomputers to boost its capacity to process data, despite persistent disputes over privacy and disinformation. The tech giant said the use of thousands of machines could process images and video up to 20 times faster than their current systems.

SEE WHAT META'S SUPERCOMPUTER COULD MEAN FOR TECH



Tesla countersues JP Morgan, citing 'animus'

Tesla is launching a legal counterattack on JPMorgan over a $162 million lawsuit related to a 7-year-old bond deal. At the center of its argument is a claim that JPMorgan just doesn’t like Tesla CEO Elon Musk. Of course, if that's a crime, we probably need to establish a prison colony on Mars.

FIND OUT HOW A 2014 MUSK TWEET COULD COST MUSK MILLIONS


Cruise ship skips out on paying $4.6M fuel bill

We've heard of people pulling the "gas-and-dash" trick, but this one takes it too far - to the tune of $4.6 million lawsuit. The Crystal Symphony cruise ship took a sudden detour from the U.S. coast over the weekend to avoid paying the pricey fuel bill, forcing passengers to hide out in the Bahamas.

FIND OUT HOW PASSENGERS ARE RETURNING TO US PORTS


Liquid assets

The average cost of gas is $3.31 a gallon, but that's not close to being the most expensive liquid in the world. What is it and how much is it worth?

Monday's answer: Sam Porcello held the original patent to the Oreo cookie before selling it to Nabisco. The Oreo officially turns 110 this year.

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