Bumble Stumbles | The Rising Cost Of Thanksgiving | Factory Floor Millionaires

Plus: Panic In The Aisles: Holiday Shoppers Are Buying Early, Hoarding Items

Good morning.

Shares of Bumble have reached the lowest point this year following just its third earnings report since its buzzy IPO. We are also looking at why some Chobani factory workers could become millionaires from the food maker’s IPO, and how inflation has impacted the cost of Thanksgiving. Finally, read how shoppers are trying to beat the supply chain crunch that has left some shelves bare ahead of the holiday season.

In The News Today

A speeding SUV broke several barricades and plowed into a Christmas Parade in Waukesha, Wisconsin on Sunday evening, killing at least five people.

Avalanche is just one of the top 20 cryptocurrencies to defy last week’s market sell-off. A deal with Deloitte has seen its market-value surge past dogecoin and shiba inu.

Top Take-Aways

One of the biggest billionaire backers of political causes during the 2020 election season, former presidential hopeful Tom Steyer’s contributions this year focused on his own political action committees, Tom Steyer PAC and the climate-focused Nextgen Climate Committee.

Shares of Bumble are down more than 20% after a quarterly earnings report earlier this month gave some investors cold feet. The ensuing selloff pushed the dating app's stock to the lowest point since its February IPO.

Two weeks since his Twitter poll about selling his Tesla shares, CEO Elon Musk has sold roughly 8.2 million shares, worth about $8.8 billion. He still has 11.6 million shares—worth about $13.2 billion as of Friday’s market close—left to sell if he plans on hitting the 10% goal he set for himself on Twitter.

Food maker Chobani has filed to go public, an event that could lead some of its hourly workers to make $1 million or more in stock awards—an uncommon outcome in an industry rarely lauded for its treatment of employees.

Fisker Inc.’s battery-powered Ocean crossover SUV will go on sale in November 2022, a year behind rival EV startups Rivian and Lucid. CEO Henrik Fisker is betting his car company can rev up to high-volume production faster than its competitors.

Some Thanksgiving ingredients have seen their prices rise by double-digits over last year’s costs due to trucking shortages and supply chain breakdowns boosting inflation, but smart shoppers have options.

Today's Must Read

In Case You Missed It

Peter Buck, the billionaire cofounder of Subway, one of the largest restaurant chains in the world, has died at 90 years old. He was remembered for helping to grow the global chain from “a singular sandwich shop in Bridgeport, Connecticut.”  

Tips You Can Trust

The time of honest conversations about performance feedback is upon us—here are three best practices to follow.

Don’t overlook the experience acquired as a caregiver in your conversations with potential employers—these five skills are particularly suitable to a corporate setting.

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