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The meme stock frenzy is over as fast as it started. Share prices for GameStop and AMC have fallen back to Earth. It helped that this time hedge funds were ready.
McDonald’s is officially coaxing customers back with a $5 meal. The meal deal is expected to last about a month and is set to begin on June 25.
Pay for Nvidia’s CEO soared 60% year over year. Jensen Huang made out with a much larger compensation in the company’s 2024 fiscal year thanks to its AI boom-boosted stock.
Dell is monitoring how often its hybrid employees come into the office. Workers who don’t show up enough are getting a literal red flag.
Boeing’s low-altitude plane deliveries, by the digits
24: Planes Boeing delivered last month
2: Years ago that deliveries were that low
38: 737 Max airplanes federal officials are permitting Boeing to make a month
10: 737 Max planes Boeing is struggling to make in that timeframe
There are a few reasons why Boeing’s low deliveries are ironic. And there’s another problem looming on Boeing’s horizon: the planemaker may be subject to criminal prosecution after the Department of Justice accused it of violating the terms of a 2021 settlement agreement.
Rent now, struggle later
It’s a fear a growing number of Americans have: that funneling their paychecks into rental properties could hurt their financial futures.
A new Bank of America report published yesterday found that 72% of prospective homebuyers are worried that rising rents could affect their present and long-term finances, and almost as many feel that they’re not making a long-term investment into their future.
Many potential homebuyers, of course, are waiting for interest rates to come down, which isn’t looking likely anytime soon — but that would bring higher demand and higher home prices.
More from Quartz
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🇩🇰 Denmark’s prime minister is a ‘huge fan’ of Ozempic
😬 Donald Trump’s Boeing plane hit another plane
🚓 2 crypto thieves have been charged in a $25 million Ethereum heist
🐕🦺 Bitcoin and the ‘memecoins’ didn’t get invited to the meme stock party. Here’s why
🧠 Elon Musk’s Neuralink has known about problems with its brain chip implant for years, report says
Surprising discoveries
Countries are making wind and solar power faster than they made nuclear energy in the 70s and 80s. France and Sweden are the big exceptions.
Scientific journals are being flooded with fake studies. That’s forcing dozens of them to close.
Gen Z is revitalizing the dating coach. Young people who are sick of apps are turning toward in-person matchmaking.
A Real I.D. requirement in the U.S. is probably never coming. It’s been 15 years in the making at this point.
Cheerleading has monopolies. And it has massive class-action settlements, too.
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