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Tech: On Monday, the tech world had a wild ride as major technology stocks took a nosedive, sparking excitement and concern across the market. Nvidia led the charge, dropping a hefty 14.2% at the open, with Tesla, Apple, and Amazon also taking significant hits. The broader market wasn't spared either, as the Dow Jones Industrial Average plunged by 1,100 points, and both the Nasdaq and S&P 500 tumbled.
The trigger? A weaker-than-expected U.S. jobs report set off alarm bells about a potential recession, causing investors to hit the panic button. But don’t fret just yet! Analysts from Wedbush Securities are advising calm, suggesting that this is just a "white-knuckle" moment in what they see as a longer-term bull run for tech, especially with the ongoing buzz around artificial intelligence (AI).
Despite recent stumbles in tech, including mixed earnings from big names like Alphabet and Tesla, there's still optimism that this is a temporary setback rather than a repeat of the 2000 dot-com bust. So, while it might be bumpy now, there’s hope that the market will bounce back as the economy steadies and investors rekindle their AI enthusiasm.
Goodbye Meal Kits, Hello Hungryroot
Hungryroot is a grocery and recipe delivery service that supports any health needs you and your family might have. Whether you’re looking to incorporate a gut-friendly diet, just trying to eat healthy, or anything in between, Hungryroot makes achieving your goals on your terms easy.
Browse the thousands of groceries and recipes available each week, or have Hungryroot curate a delivery made just for you and your family based on your preferences. Save hours planning, shopping, and cooking each week. Plus pick one free item for life.
Beauty: The beauty industry is under fire as thousands of Black and brown women file lawsuits against the makers of chemical hair relaxers, accusing them of causing severe health risks, including an increased chance of uterine cancer. These products, once touted as essential for achieving a "professional" look, have been linked to serious health issues, with a staggering 8,200 cases now active in federal court.
The history of hair relaxers is rooted in societal pressures that often forced Black women to straighten their hair to fit into professional environments. However, studies, including one from the National Institute of Health, have revealed that regular use of these products can double the risk of developing uterine cancer, among other health concerns.
Major brands like L'Oréal are facing allegations of falsely marketing these products as safe, despite evidence suggesting otherwise. This growing legal battle could lead to significant changes in how the beauty industry approaches product safety and consumer transparency.
Investments Worth Watching
MedTrans Go addresses the challenge of medical appointment cancellations by offering a comprehensive solution that includes non-emergency medical transportation, interpretation, home healthcare, delivery services, and more—all through a user-friendly platform.
Dana Weeks founded this company back in 2017 and raised nearly $5 million for the business.
💪 What they do: MedTrans Go is a B2B healthcare solution that tackles the $150 billion issue of medical appointment cancellations by optimizing the scheduling and management of appointments.
📅 Founded: 2017
🤑 Funding: $4.5 million
😋 MMM, Yummy!
Summer isn’t over quite yet but it’s getting close… With that in mind, we should take advantage of the last bit of grilling season. Here are 17 grilling recipes you can try out this weekend.
Turkish Chicken Kebabs
Teriyaki Onion Burgers
Grilled Shrimp Scampi
Grilled Teriyaki Shrimp and Pineapple Skewers