Michaels Stages a Crafty Comeback & Americans Don’t Read Anymore
About this episode
The episode discusses the stock performance of SK Hynix, the challenges in the office-to-residential market, the success of Michaels under private equity, and the low reading literacy in the US.
#886: SK Hynix is slated to begin public trading on the Nasdaq as a company that has seen its stock pop more than sevenfold in due to the AI memory chip crunch. The NYC Midtown building partial-collapse scare has given pause to investors who thought it was supposed to be a boom-time for the office-to-residential revolution. Stock of the Week: Arts & crafts store Michaels is seeing success under private equity owner Apollo thanks to the demise of its competitors. Dog of the Week: Reading literacy in the US is sadly low. Finally, Claude launches its own version of “Wrapped.” Get 10% off using MORNINGBREW10 at https://altrarunning.com/morningbrew Get tickets for our trivia tournament! https://caveat.nyc/events/the-morning-brew-trivia-tournament-2026-07-30 Grab tickets to our Performance Revue show! https://www.morningbrew.com/events/brew-performance-revue-2026?utm_campaign=performance_revue_2026&utm_source=mbd Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note Watch Morning Brew…
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