Anti-Aging, Election Anxiety & Alfredo 🍝
This Week in Review☕️: Apple shares dumped | TGI Fridays files for bankruptcy | Signature-glazed Whiskey Chicken | Cruises are cheaper than hotels | People turn to prescription drugs to live longer |
Quick Bites:
Finance 💰: Warren Buffet continues to offload Apple shares as he goes on selling spree.
Warren Buffett in 2024:
1. Sold over $100 billion of Apple shares
2. Halted Berkshire Hathaway buybacks
3. Currently sitting on the largest cash pile in the company's history at $325 billion
4. Holds a record $288 billion of US Treasury bills
5. Now owns $93 billion more Treasury bills than the FED
When Buffet's style of investing is better than bae's aggressive approach of get rich or die trying
Key Highlights, reported by CNBC:
💡Berkshire Hathaway has cut about 25% of its 400 million Apple shares in Q3
💡Buffet suggested he is selling due to tax reasons
💡Apple is still Berkshire's biggest holding, valued at nearly $70 billion
💡Berkshire also reduced its position in Bank of America
💡Apple reported an increase in iPhone revenue in recent results but faces challenges including slow demand in China
According to its earnings report released Saturday morning:
The Omaha-based conglomerate saw its cash fortress swell to a record $325 billion by the end of September, up from $277 billion in Q2.
Warren is 94 years old and worth almost $150 billion. Meanwhile, we young and poor. If you're like us and occasionally feeling old af, here is something that always cheers us up:
The GOAT Warren Buffet:
The year: 1947
Age: 17
Net worth: $5000 (He made 5k delivering newspapers in his teens)
The year: 2024
Age: 94
Net worth: $147bn
"I can buy anything I want basically, but I can't buy time", -Buffet
Our Thoughts💡: We’re curious to know.. If any of you could trade places with Warren Buffet, would you? You’d have a bajillion dollars in your bank but you’d also be in your hitting 100 years soon.
Buffet is a USD billionaire. We’re Time Billionaires.
Time> Money. So, doesn’t matter where you’re at right now. You start NOW.
Food 🍗: TGI Fridays files for bankruptcy
TGI Fridays has filed for Chapter 11 bankruptcy protection, blaming the pandemic and its capital structure for its financial struggles.
As one of the first singles' bars in New York City and the spot that made 'happy hour' a household name, it's fair to say we overdosed on the menu during our time at NYU.
Here is a recap of the Top 5 Greatest of all TIME Menu Items from TGI Fridays:
1. Philly Cheesesteak Burger
2. Loaded Potato Skins (literally invented by TGIF and best with their OG Ranch Sour Cream with Scallions.. WOW now we hungry)
3. Signature Chicken Fajitas
4. Cajun Shrimp Alfredo Pasta
5. Legendary Mozzarella sticks
Key Highlights, reported by CNN Business:
💡TGI Fridays recently closed 50 restaurants across the US
💡The chain, founded in 1965, says it will explore ways to "ensure the long-term viability of the brand"
💡The chain's troubles are the latest sign of challenges facing sit-down restaurants
💡The operator of TGI Fridays' UK had been looking to acquire the company, but that plan failed and it filed for the UK's version of bankruptcy
Btw..
Noone will remember:
-Your salary
-How "busy" you were
-How many hours you worked
People will remember:
-How many BBQ Chicken Wings you ate that one time
-They said you couldn't eat that many
-You DID.
-TGIF might've shut down but noone, we mean absolutely NOONE, can take that away from you
Travel 🛳️ : Cruises are in demand as they become a cheaper alternative to pricy hotels.
The cruise industry was the last to recover from the pandemic, but it has now fully rebounded and is enjoying strong pricing and booking momentum.
Wife: Can you believe everything we get for free on this cruise?!
Husband: It isn't free honey.. It's "included"
Your birth month is what's coming for you in 2025"
January: World Cruise
Februay: A cabin upgrade
March: Booze cruise
April: Norwegiean cruise
May: Big casino win
June: Mediterranean cruise
July: Diarrhea
August: Alaskan cruise
September: Nothing
October: Disneyland
November: A slap from someone
December: Antarctic expedition
Key Highlights, reported by CNBC:
💡“Cruise companies are having a moment right now"
💡Despite price hikes, cruises are still cheaper than hotels. That has been a major factor for the revival of the industry
💡A price gap between hotels and cruises is not new. That’s largely because a lot of hotel demand comes from business travel, while cruise demand is purely from leisure travelers, who are much more price sensitive.
💡As of the second quarter, the big three cruise operators reported a revenue increase of 17% from 2019 levels
“The Cruise industry’s continued strength in bookings [..] is primarily driven by the combination of the still significant discount to land-based vacations coupled with the relatively elevated service levels.”
-A Barclays analyst told CNBC in a note last week.
Politics 🇺🇸 : With the election results almost here now, Americans are anxious and scared, The New York Times reports.
Kamala Harris and Donald Trump have framed the election as a do-or-die existential battle for the whole world to watch. Voters have been given warnings.
Umm if you find yourself relating to the anxiety:
Take 5 deep breaths, drink a glass of water, have some fruit and an entire box of chocolate chip cookies.. It HELPS.
In addition, users have taken to social media to create viral moments like "coconuts and brat summer" and "childless cat lady".
After JD Vance became Trump’s running mate, an interview resurfaced in which he dismissed prominent Democrats as “a bunch of childless cat ladies who are miserable.”
“You look at Kamala Harris, Pete Buttigieg, AOC- the entire future of the Democrats is controlled by people without children.”
Meanwhile, just this Sunday, Trump criticized the latest Iowa poll that showed him behind Harris by 3% points.
“It’s called suppression. They suppress. And it actually should be illegal.”
J. Ann Selzer, president of the firm that conducts the Iowa Poll, said in a statement Sunday that it’s common for candidates to question unfavorable polling.
Medicine 💊 : Anti-aging fans are turning to the drug 'Rapamycin' to live longer, CNBC reports.
While exercise and a healthy diet is most commonly recommended, in recent years, people have turned to prescription drugs with the hope of extending their lifespan.
Umm unless you're Jennifer Lopez or Will Smith (blessed with incredible genes or have access to the best plastic surgeon in Beverly Hills), you're bound to see those wrinkles kicking in
Us after sipping our bone broth, attacking our pores, applying a soul-shattering $200 retinol face mask, cleansing balm, hydrating mist, wrinkle patches and an LED-light mask minding our biz and knowing all the tea👇🏻
One such drug is "Rapamycin"- a pill that is typically prescribed to patients ahead of organ transplants “to bring the immune system down.”
-according to Dr. Andrea Maier, a longevity specialist.
Key Highlights:
💡A study has shown that Rapamycin extended the lifespan of mice by more than 20%. It’s also been found to extend the lifespan of flies and worms.
💡Certain users of the drug claim it has aided in weight loss, reduced body aches and led to the growth of dark hair that had already gone gray, according to The New York Times.
💡“My group is doing trials with rapamycin to see if we can lower the biological age of middle-aged individuals to prevent age-related diseases later in life”
However, it is not without its risks.
Suppressing your immune system has risks like making you more vulnerable to infection. Research also shows that rapamycin has caused nausea and mouth sores in some people, as well as high cholesterol, NY Times.
Quicker Bites:
Prime Video adds AI recaps.
Boeing workers vote to end strike.
America heads to the polls.
Joe Rogan endorses Trump on the eve of election.
Meta’s threads now has 275 million monthly users.