On the very first episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
Up first this week was news from Chipotle Mexican Grill (CMG). As the company continues to look for ways to get customers back in the door following its food safety scandals, Chipotle launched its new “Chiptopia” Summer Rewards Program today.
Check out how you can get free burritos here: Chipotle Fans Rejoice: "Chiptopia" Rewards Program Launches Friday
Chipotle wasn’t the only company launching a new promotion this week, as Walmart (WMT) announced its new ShippingPass. The retail giant will offer free two-day shipping on anything purchased on Walmart.com for just $49 per year. After investing nearly $2 billion in ecommerce, it’s clear that Walmart is doubling down on its fight against Amazon (AMZN).
Get Maddy’s opinion on the new offer here: Walmart's Unoriginal ShippingPass is Still No Match for Amazon Prime
Finally, our number one story this week was the Brexit. As you probably know by now, the United Kingdom voted to leave the European Union. As a result, the pound fell to a three-decade low, gold continued its climb upward, and stocks around the world plunged.
Check out our Brexit coverage: Brexit Repercussions Hit UK-Exposed Banks, Tank Share Prices
Throughout the week, the markets recovered as investors began to put a timeline on the Brexit. There is still a lot of uncertainty surrounding the withdrawal and how it will actually look. Some even started to feel that the initial reaction was overblown.
Find out what bounced back this week here: Stocks Recover, Were Brexit Concerns Overblown?
Thanks for checking out the first episode of the Zacks Friday Finish Line! We will see you next week with even more news and market commentary!
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