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2022-04-21 10:02:00 𝙱𝚒𝚍𝚎𝚗 𝙸𝚜 𝚂𝚎𝚝 𝚃𝚘 𝚃𝚊𝚙 𝚃𝚑𝚎 𝚂𝚝𝚛𝚊𝚝𝚎𝚐𝚒𝚌 𝙿𝚎𝚝𝚛𝚘𝚕𝚎𝚞𝚖 𝚁𝚎𝚜𝚎𝚛𝚟𝚎, 𝙸𝚗 𝙰 𝙱𝚒𝚐 𝚆𝚊𝚢

President Biden is set to release almost one-third of the United States' Strategic Petroleum Reserve (SPR), in an effort to curb rising oil and energy prices, which are feeding inflation throughout the US economy.

This is the biggest drawdown from the SPR in history... and it's not even close.

There have been only a few emergency withdrawals from the SPR since it was established in the 1970s, the biggest of which have been closer to 30 million barrels. This latest withdrawal is set to be 180 million barrels of oil, almost one-third of the 570 million barrels that were available at the last count.

The oil is stored in 60 enormous underground salt caverns across 4 sites in Louisiana and Texas one of which is large enough for Chicago's Willis Tower to fit inside (with room to spare).

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-20 10:03:25  𝙲𝚑𝚎𝚠𝚢'𝚜 𝙰𝚞𝚝𝚘𝚜𝚑𝚒𝚙 𝙱𝚞𝚜𝚒𝚗𝚎𝚜𝚜 𝙼𝚘𝚍𝚎𝚕 𝙸𝚜 𝙰𝚝𝚝𝚛𝚊𝚌𝚝𝚒𝚟𝚎, 𝙱𝚞𝚝 𝙰𝚛𝚎 𝚂𝚎𝚝 𝚃𝚘 𝚂𝚕𝚘𝚠

As with many "pandemic winners", investors got a bit ahead of themselves, as $49 billion turned out to be a huge valuation for a company that, at its simplest, just sells pet stuff online.

Sticky sales

Investors weren't just feeling fuzzy about their pets. They really liked Chewy's business model because it doesn't look like a lot of other e-commerce businesses for one simple reason: pets need to eat (and do other things) every day... and unlike us they are usually happy to eat the same thing over and over. That means repeat, predictable, purchases — which investors love.

Indeed, as of its latest quarter, over 70% of Chewy's sales were from "Autoship subscriptions" — repeat subscription purchases for food, treats, cat litter, medicines or other pet supplies.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-18 10:04:42 𝚃𝚑𝚎 𝙿𝚊𝚗𝚍𝚎𝚖𝚒𝚌 𝙿𝚎𝚝 𝙱𝚘𝚘𝚖 𝚆𝚊𝚜 𝚁𝚎𝚊𝚕, 𝙱𝚞𝚝 𝙸𝚝'𝚜 𝙵𝚊𝚍𝚎𝚍 𝙼𝚘𝚛𝚎 𝚁𝚎𝚌𝚎𝚗𝚝𝚕𝚢

Greater isolation, less time outside and the general stress of the pandemic took its toll over the last 2+ years. For many of us, we found comfort in the company of pets.

Indeed, data from Google shows how searches for "puppies for sale", "adopt a dog" and "kittens" all spiked dramatically in March 2020, and stayed elevated for much of 2021, as America searched for its next family pet — to the benefit of the pet industry.

It may not have quite "done a Zoom", but for Chewy the pandemic was a boom time. The online pet food and pet supply company was already growing quickly, but it found itself on the right side of two trends at the same time: e-commerce and pets.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-17 10:00:50 𝙼𝙾𝚁𝙴 𝙳𝙰𝚃𝙰

1) Prices just keep rising: inflation hit another 40-year record yesterday, with the Consumer Price Index jumping 7.9% in the last 12 months.

2) The Endurance, the lost vessel of Antarctic explorer Ernest Shackleton, has been found 107 years after it was crushed by sea ice, with the wreck described as being in "remarkable condition".

3) How popular is Vladimir Putin in Russia? It's hard to say accurately, but most polling data suggests "very" — 71% of Russians polled approved of Putin as recently as February.

4) Data from OpenTable reveals the state of the restaurant industry.

5) Volkswagen has finally revamped its iconic bus — but this time it's electric.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-16 13:47:24 𝚃𝚑𝚎 𝙸𝚁𝚂 𝙰𝚞𝚍𝚒𝚝𝚒𝚗𝚐 𝙵𝚎𝚠𝚎𝚛 𝙼𝚒𝚕𝚕𝚒𝚘𝚗𝚊𝚒𝚛𝚎𝚜 𝙸𝚗 𝚁𝚎𝚌𝚎𝚗𝚝 𝚈𝚎𝚊𝚛𝚜

Surely a strong contender for everyone's least favorite time of year — tax season in the US is fast approaching.

Filing the paperwork is enough of a headache, but nothing is as stressful as getting that letter from the IRS telling you that you're being audited, just to check everything was reported correctly — which it often wasn't.

The head of the IRS estimates that the US government is missing out on some $1 trillion due to unpaid taxes every year. That's just shy of $4,000 for every adult in the country — and the IRS doesn't have the resources to find the missing money.

Since 2010 the IRS has seen its headcount dwindle, while the number of US taxpayers has gone up. That's meant fewer resources for auditing — which has been particularly apparent at the high-income end of the spectrum. 

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-16 11:18:00 The largest channel with NFT drops and new coins!

Subscribe and take part in daily massive drops amounting to millions of $$$! Open / Comment

2022-04-16 10:21:05 𝚃𝚑𝚎 𝙸𝚁𝚂 𝙰𝚞𝚍𝚒𝚝𝚒𝚗𝚐 𝙵𝚎𝚠𝚎𝚛 𝙼𝚒𝚕𝚕𝚒𝚘𝚗𝚊𝚒𝚛𝚎𝚜 𝙸𝚗 𝚁𝚎𝚌𝚎𝚗𝚝 𝚈𝚎𝚊𝚛𝚜

Surely a strong contender for everyone's least favorite time of year — tax season in the US is fast approaching.

Filing the paperwork is enough of a headache, but nothing is as stressful as getting that letter from the IRS telling you that you're being audited, just to check everything was reported correctly — which it often wasn't.

The head of the IRS estimates that the US government is missing out on some $1 trillion due to unpaid taxes every year. That's just shy of $4,000 for every adult in the country — and the IRS doesn't have the resources to find the missing money.

Since 2010 the IRS has seen its headcount dwindle, while the number of US taxpayers has gone up. That's meant fewer resources for auditing — which has been particularly apparent at the high-income end of the spectrum.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-15 22:00:26 𝙳𝚊𝚝𝚒𝚗𝚐 𝙰𝚙𝚙 𝙱𝚞𝚖𝚋𝚕𝚎 𝙲𝚘𝚗𝚝𝚒𝚗𝚞𝚎𝚜 𝚃𝚘 𝙶𝚛𝚘𝚠, 𝙱𝚞𝚝 𝚃𝚒𝚗𝚍𝚎𝚛 𝚁𝚎𝚖𝚊𝚒𝚗𝚜 𝙾𝚗 𝚃𝚘𝚙

This week shares in dating company Bumble soared more than 40%, as the company gave an upbeat update - guiding that it expects to pull in more than $930m in revenue across its apps in the coming year thanks to its fast-growing user base.

Bumble reported that on its core app the 1.64 million paying customers brought in a total of more than $150 million in revenue in the last three months of 2021. If you do the math that works out to ~$30 per paying user per month. It's hard to put a price on finding love, but $30 a month is not a bad start.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-15 12:20:24 𝙷𝚊𝚟𝚎 𝚆𝚎 𝙷𝚊𝚍 𝙿𝚎𝚊𝚔 𝙶𝚕𝚘𝚋𝚊𝚕𝚒𝚣𝚊𝚝𝚒𝚘𝚗?

The ongoing violence in Ukraine has prompted hundreds, if not thousands, of western companies to follow their governments in sanctioning or withdrawing from Russia.

That throws the trend of globalization — the increasing interconnectedness and integration of countries around the world — back into the spotlight, and begs the question: is "peak globalization" behind us?

That trend was accelerated by the pandemic, which made cross-border trade more difficult. Global trade was 52% of global GDP in 2020, down from 61% in 2008.
Even in an ideal scenario in which the violence in Ukraine somehow halted right this instant, the impact of what's happened in the last few weeks would likely take years, if not decades, to undo.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-04-15 11:18:29 Metaverses Are a New Seam of Gold for the Next 5 Years!

For example, having bought a plot there now, you can rent it out for Samsung or Apple stores.

The trick is that only few people understand the market and the current situation, and there are hundreds of opportunities in the metaverses. There is no need to search for materials, wait for news - just read the MetaWorlds channel. The authors talk about all the latest news and give absolutely everyone the opportunity to earn money.

Channel for those who are ready to secure a prosperous future: @metawolds Open / Comment