Today is Tuesday, June 21 and it’s the first day of summer and the longest day of the year. While this would normally be a good thing for construction projects, there’s not enough labor, though there’s certainly enough pay — $1 trillion in federal infrastructure money just started kicking in.
Snack food giant Mondelez is acquiring Clif Bar, and with it, Luna and Clif Kid brands. U.S. carriers canceled more than 5,000 flights over the busy Father’s Day and Juneteenth holiday weekend.
Harry Styles and Gucci announced a joint clothing collection, and Krispy Kreme is launching Original Glazed soft serve ice cream in cones, cups, or shakes, in 10 markets. Here’s what else should be on your radar this morning.
Musk Coin Love. Elon Musk again tweeted his support for dogecoin and his intent to keep buying and supporting the meme coin that reportedly began as a joke. Musk’s vocal love of crypto has triggered fluctuations in bitcoin’s price last year as well as dogecoin’s value. He said he owns bitcoin, ether and dogecoin and will continue holding them. READ MORE
Survivor FinTech: Nubank, the largest digital lender in Latin America, is looking for FinTech M&A bargains in the region. The challenger bank’s CEO said there are too many players, which will likely lead to consolidation in the market and “enable the survival of the fittest.” READ MORE
Meta Taste Buds. While 60% of restaurant enthusiasts cite taste as the driving force in choosing an eatery, 40% want to incorporate restaurant purchases into their metaverse experience. In the “Digital Divide: Technology, Customer Service and Innovation in the Restaurant Industry,” a PYMNTS and Paytronix collaboration, consumers’ relationships with restaurant choice and virtual reality are analyzed in the restaurant context. READ MORE
Smart Tech. Treasurers have a tougher job than ever before trying to support their organizations’ long-term growth strategy. In “Navigating the Unexpected: Developing a Long-Term Treasury and Trade Risk Strategy,” a PYMNTS and Citi collaboration, strategies are examined for enacting an agile trade risk strategy designed for long-term business resilience. READ MORE
ICYMI. Big brands like NASCAR, Wendy’s, Gap, and J.P. Morgan Chase are setting up shop in the Metaverse for either advertising purposes or even for making money. Nike and Gucci, for examples, are among retailers that have put products for sale in the metaverse. READ MORE
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