By Matthew Gutierrez and Shawn O’Malley
🚗 Over the past two years, Uber has soared. Lyft? Not so much.
Shares in Uber, the ride-sharing and food delivery service, have nearly doubled, while Lyft shares are down about 67% over the past 24 months.
Millions of people worldwide have come to rely on Uber, which has a rare distinction in the business world: Its brand name is often used as a verb.
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the three biggest stories in markets:
McKinsey’s big review as consultancies reevaluate themselves
Disney shares spike 12% after earnings beat
Why investors are almost always wrong about the Fed
All this, and more, in just 5 minutes to read.
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POP QUIZ
In the past five years, young Americans have seen their net worth skyrocket. How have wealth gains for those under 40 compared to older demographics? (The answer is at the bottom of this newsletter!)
Chart of the Day
