In politics, President Trump announced "Trump savings accounts" for newborns, though experts question their appeal compared to existing savings options. The Trump Organization's crypto dealings suggest a private divestment despite public promotion. In lifestyle, New York's Overstory is nominated for Best U.S. Cocktail Bar, and JonnyPops, a popsicle company, has become a leading brand in the frozen aisle, with potential for significant growth. The article also touches on corporate shifts away from Pride merchandise and offers insights into personal branding strategies.
Key takeaways:
- Wealthier consumers are reducing travel spending, impacting the travel industry and economy, with a 7% decline in credit card spending on airline tickets among high earners.
- President Donald Trump's tariffs and policies are affecting various industries, including airlines and Tesla, with Tesla's stock downgraded due to CEO Elon Musk's political involvement.
- JonnyPops, a popsicle company founded by Forbes 30 Under 30 alums, has grown to a $100 million business, focusing on natural ingredients and aiming to expand its market presence.
- Corporations like Target are scaling back on Pride merchandise amid backlash, with Target's comparable sales declining by 4% in the first quarter of 2025.