Business

Leaked: United CEO Scott Kirby’s Grim Forecast—Low-Cost Carriers On Brink, Spirit Airlines Doomed? Things look very grim for the likes of Spirit and Frontier. Southwest needs to rethink their business if it wants to avoid the same fate.

Families Are Going Into Debt for Disney Vacations. The allure and nostalgia of the Disney brand are real. Otherwise, no families would pay hundreds of dollars for a trip there. On the other hand, Disney can only extend its hand into consumer purse so far before it backfires. In tough times, luxury such as a trip to Disneyland will be cut. The company already reported softer demand and the inflation pressure is still piling on consumers. Disney knows it, but it is in a tough spot as lowering prices means that it will report ugly numbers and get crushed by investors.

Sapphire Ventures released a very interesting report on the Gen AI market

Packaged food industry margins. Lower than they were in 2018 and early 2019 via JPM cc @ewarren @KamalaHarris pic.twitter.com/1lAYRU6Rr6

— Sara Eisen (@SaraEisen) August 20, 2024

Other Stuff I Find Interesting

Salmon Farms in Patagonia Face Growing Opposition. Avoid farmed salmons from Chile. In fact, avoid farmed salmons. Eat wildly caught ones. According to the article, farmers from Pantagonia use more antibiotics on farmed salmons and refuse to make public how much they use. And I really hope that the Chilean government will stop any invasion into the pristine nature of Patagonia. No revenue from the export of salmon would be worth destroying one of the most beautiful areas in the world.

The Dramatic Turnaround in Millennials’ Finances. I urge caution on judging the increase in Millennials’ finances as depicted in the article. Yes, their net worth appears higher on paper because the growth comes from real estate. But what if 2-3 years from now we have a recession and housing prices collapse?

A Few Little Ideas And Short Stories. “There’s a well-known idea in real estate that you earn the highest ROI on the ugliest properties no one wants to own. The same is true for so many things in life: The unsexy work, where there’s little competition, is where some of the biggest ideas are found.”

The Unraveling of a Crypto Dream. An alternative headline could be “a gambler ran out of money and drowns in legal troubles”.

Stats

Almost half of Texas’s electricity in 2024 came from wind, solar and nuclear

iCloud has 64% penetration rate while AppleCare on iPhone only has 17%

Lung cancer leads to about 1.8 million deaths per year