Hitchens's Razor | Group Chat News Ep. 746

Today, Dee and Anand discuss a range of topics from finance to lifestyle. They begin with the latest insights on Interest Rates by Category, as shared on The Kobeissi Letter on Twitter. They also explore Macy’s and Best Buy’s Sales Decline, and what it reveals about shopper trends. The duo dives into the tech world, with a focus on Salesforce's 16% surge in share prices, driven by a better-than-expected forecast. Plus, they discuss how VCs have invested $35b in the Direct-to-Consumer industry, according to Rick Zullo on Twitter. Finally, they end on a luxurious note, with Lufthansa’s new First-Class Suite, complete with a double bed and a door that closes. Tune in for these topics and this week’s Winners, Losers, and Content!

- written by ChatGPT

Timeline of What Was Discussed:

Recapping the BIG Ivy dinner. (0:57) 

Anand loves razors. (12:58) 

Startling interest rates by category. (14:07) 

Macy’s is ABSOUTLEY on fire! (19:35) 

The market likes a good narrative. (26:30) 

VCs may not be that smart. (35:55) 

Is Amazon facilitating lending? (45:34) 

Flying private is the easiest way to go broke. (47:59) 

Winners, Losers, and Content. (52:01) 

Related Links/Products Mentioned 

Hitchens's razor - Wikipedia 

Interest Rates by Category - The Kobeissi Letter on Twitter 

Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback 

Salesforce shares jump 16% on better-than-expected forecast 

VCs have poured $35b into the enablement of DTC - Rick Zullo on Twitter 

Amazon is letting employees use their stock to finance home purchases and even second homes 

Lufthansa Unveils a New First-Class Suite With a Double Bed and a Door That Closes 

Nas Paid Tribute To The Late Trugoy During MSG Tour Stop 

Costco announces mixed earnings report as slower sales of ‘big-ticket’ items offset by higher food sales 

Brandon Miller's involvement in fatal shooting: What we know about Alabama star freshman's link to murder case 

Chatty Kathy Club 

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