🏪 There's a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
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There's a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market. Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. (Jesse Pound via CNBC)
Chinese Economy Grows More Than 18% in First Quarter. China’s economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that reflected the recovery from a deep coronavirus-induced trough in early 2020 and the continued momentum of the world’s second largest economy. (Jonathan Cheng via Wall Street Journal)
Florida Education Commissioner Tells Schools To Drop Mask Mandates: 'They Serve No Remaining Good'. Florida’s education commissioner directed superintendents Wednesday not to impose mask mandates in their districts next school year because he believes they’re now unnecessary, as schools across the country grapple with what to do about mask orders amid rising vaccinations—but not among children—and as state mask mandates are rescinded. (Alison Durkee via Forbes)
Rep. Ilhan Omar discusses her friendship with 'Auntie' Nancy Pelosi. Democratic Rep. Ilhan Omar of Minnesota shared details about her relationship with House Speaker Nancy Pelosi for the first time, and revealed that the two lawmakers are, in fact, friends. (Oma Seddiq via Business Insider)
Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer's logistics network. Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations. (Ingrid Lunden via TechCrunch)
Why Is Voting So Hard in Blue States?. If President Joe Biden wants to vote by mail next year in Delaware, he'll have to provide a valid reason for why he can't make the two-hour drive from the White House back to his polling place in Wilmington. (Russell Berman via The Atlantic)
As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away. British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group. (Jack Farchy via Bloomberg)
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