Morning Brew Daily Apple Sales in a Major Slump & Your AI Dating Wingman
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Aug 4, 2023 Neal and Toby dive into Apple's financial struggles, highlighting declining sales of iPhones and Macs despite growth in services. They celebrate Amazon's impressive profits while noting rising gas prices and shifts in travel preferences. The duo discusses the intriguing rise of meme stocks, particularly in the case of a struggling trucking company. They also explore how AI can enhance online dating profiles and share exciting developments in superconductivity driving scientific interest.
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Gas Price Surge
- High gas prices returned, hitting their highest point this year due to heat waves affecting Gulf Coast refineries.
- Saudi Arabia's extended supply cuts, driven by their desire for higher oil prices, also contribute to rising costs.
Shifting Travel Trends
- Following the pandemic's travel restrictions, Americans are now favoring international trips.
- Domestic airlines face a slowdown, offering discounted fares to compete with overseas destinations.
Meme Stock Resurgence
- Yellow's stock surged 500% despite bankruptcy and layoffs, mirroring the 2021 meme stock craze.
- This phenomenon, similar to artists gaining fame posthumously, highlights how notoriety can drive stock surges.