Stock Market Winners & Losers: Stock Rally Loses Steam | Three Travel Trends This Year | The Billion Dollar Business of Girl Scout Cookies
Loser: Stock Rally Loses Steam
Stocks retreated, halting a record rally, as investors brace for key events including Powell's testimony and the jobs report. Despite a strong year, the S&P 500 closed at an all-time high on Friday after posting gains in 16 out of 18 weeks. Apple faced a significant EU antitrust fine of over $1.95 billion related to music streaming.
Winner: Three Travel Trends This Year
New travel trends like "set-jetting," inspired by TV shows and movies, along with "destination dupes" and "tour traveling," are set to drive the travel industry in 2024. Travelers are exploring destinations featured in media, opting for affordable alternatives, and traveling for concerts.
Winner: The Billion Dollar Business of Girl Scout Cookies.
The Girl Scouts of the United States of America are projected to sell approximately 200 million boxes of cookies, generating $1 billion to $1.4 billion in revenue. Started in 1917, the cookie sales involve 700,000 Girl Scouts, making it the largest girl-led entrepreneurship program globally. Boxes are priced between $5 and $7, with troops earning over $4.5 million in proceeds last year. Around 25% to 30% of the price goes to the troops, while 40% covers direct costs like cookies and transportation. Additionally, 15% is allocated to customer support, with girls learning valuable business lessons throughout the process.
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