Comey Fired, Stock Market Unchanged

  • COMEY'S OUT: The biggest news this week was that Donald Trump fired FBI Director James Comey, who was investigating Trump's team for its involvement in the Russia election hacks. The surprise did not move markets as expected, CNBC reports. 
  • #MERGERMONDAY: On Monday, several companies announced deals. Sinclair Broadcast Group is paying $3.9 billion for Tribune Media Co. and Coach will pay $2.4 billion for Kate Spade. Kate Spade the human reportedly won't receive any money from the deal.
  • MACY'S & SNAPCHAT FLOUNDER: We're still deep in earnings season. Of note, Macy's reported unfortunate earnings per share of 24 cents for the first quarter (they were expected to report 35 cents per share). Snapchat, in its first quarter as a publicly traded company, lost $2.2 billion. 
  • GETTING THEIR FIX: StitchFix, meanwhile, has found a way to succeed in the retail industry. The company reported $730 million in revenue for the year despite being a startup. 
  • WHOLE NEW BOARD: Whole Foods Market (WFM) will remove more than half of its sitting board. Maybe that makes more room for diversity? Just three women sit on its 12 person board today.
  • UNCONVENTIONAL SHOPPING: Racked had an incredible piece up this week on Iranian women's shopping habits. Instagram has become a hub for women's startups in the Middle Eastern nation.
  • NEGOTIATION HELP: We loved Refinery29's salary negotiation tool, which was published this week. Check it out here

- Alicia McElhaney / She Spends Issue #2

A rough week for Snapchat. 

A rough week for Snapchat. 

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