1) Sixteen states filed lawsuits against the USPS over its decision to buy tens of thousands of gas-powered vehicles instead of EVs. The trucks are slated to get a measly 8.6 miles per gallon, though the USPS said they can get 14.7 mpg when the air conditioning is off. How nice.
2) Last week, Elon Musk jokingly — or not, who even knows anymore? — tweeted that his next move is buying Coca-Cola “to put the cocaine back in.” It’s now the 2nd most-liked tweet of all time, with 4.7m+ likes.
3) In April, Times Square saw 290.4k average daily visitors, well below the 375.2k it saw in April 2019. Interestingly, despite Manhattan offices only returning to 37% capacity, Broadway attendance and hotel occupancy are at 90% and 80% pre-covid levels.
4) Last week, Apple posted Q2 revenue of $97.3B, up 9% YoY. Last year, we made a visual showing how Apple makes $11.6k every second, $696k every minute, etc. At this quarter’s rate, our numbers are now obsolete.
5) Fidelity said it plans to give 23k employers the chance to add bitcoin to their company 401(k)s later this year. The US Labor Dept. is concerned over the move, but hey, Fidelity has a lounge in the metaverse, so they know what they’re doing.
