Thursday, September 19

What you missed today

Good evening!

Here are the 7 things you missed today:

1.   šŸ” Two Interesting Housing Marketing Updates

First, sales of non-new homes fell 2.5% in August from July signaling a continuation of a slow home-buying market. Second, inventory seems to be improving slightly though. Homes for sales increased 0.7% from July to August and 22.7% year over year.

2.  āœ‰ļø CEOs Don't Have Time To Write A Newsletter

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3. šŸ‘‹šŸ¼ Nike CEO Is Out, Company Vet Is In

John Donahoe, Nikeā€™s CEO since Jan of 2020, will retire from his position on October 13th after critics blamed him for focusing too much on their Direct-To-Consumer business and losing sight of Nikeā€™s signature product innovation and brand story. After a thorough succession process, the Board was able to convince Elliott Hill, a 30 year Nike exec who has held multiple roles, to come out of retirement & take the helm.

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5. šŸ¤– Amazon Introduces New AI For Sellers

Alexa is no longer the only AI Amazon has to sell you! If you are a third-party seller on their platform that isā€¦ Amazon just introduced Amelia, an artificial intelligence shopkeeper tool to help anyone selling on Amazon quickly resolve issues with their account and fetch tech sales & inventory data.

6.  šŸ’ø Fed Chair Unveiled ā€œRecalibration Policyā€

The Chairman of the Fed, Jerome Powell, has set out a ā€œrecalibration policyā€ not in a response to a weakening economy but rather an effort to shore up the labor market. The Dow surged 500 points today, topping 42,000 for the first time, as a result.

7.  šŸ›” Apple Breaking Cybersecurity Tools

The worldā€™s most valuable company released a new macOS (dubbed Sequoia) that is breaking some cybersecurity tools including Crowdstrike, SentinelOne, Microsoft, and others. In particular, CrowdStrike sent out a ā€œTech Alertā€ to customers saying they need to delay support for the new version of macOS.

Bonus. CEO Tip Of The Day

In honor of John Donahoe leaving Nikeā€¦ hereā€™s an article about what not to do if youā€™re the CEO of Nike, or any big company for that matter:

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