Morning Brew Daily SCOTUS Weakens Fed Powers & AI Leads Stock Market in H1
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Jul 1, 2024 A landmark Supreme Court ruling reshapes federal authority, potentially impacting consumer protection and environmental regulations. Meanwhile, Tractor Supply rolls back its DEI initiatives due to conservative backlash. The stock market thrives in 2024, fueled by AI and Nvidia, while traditional giants face challenges. A fun new trend emerges for in-flight entertainment, contrasting with Nike's recent struggles. Redbox, facing financial woes, files for bankruptcy as the landscape shifts dramatically in various sectors.
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Bobby Bonilla Day
- Every July 1st, retired baseball player Bobby Bonilla gets a $1.2 million check from the New York Mets.
- This is due to a deal made in 2000, spreading $30 million in guaranteed payments through 2035.
Supreme Court Overturns Chevron Doctrine
- The Supreme Court overturned the Chevron Doctrine, impacting federal agencies' power to interpret laws.
- This returns power to judges, who critics argue may lack industry expertise.
Tractor Supply DEI Backtrack
- Tractor Supply abandoned its diversity, equity, and inclusion (DEI) initiatives after a conservative social media boycott.
- This follows similar DEI rollbacks by other companies like Bud Light and Target.