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It’s that time again: 2019’s ‘Battle of the brands’ Interbrand, a company that analyzes brand value, released its list of the world’s most valuable brands. Facebook fell from the top 10 (to #14) with a brand value of $40B, a 12% decline. The top spots? Apple ($234B brand value, a 9% increase)...

Speaking of Facebook… Marky Z is playing for keeps Under fire from all sides -- Democrats, Republicans, Austrians, even Benioffs -- for the Big ’Book’s role in spreading misinformation, Zuckerberg took the situation into his (most likely) human hands at a press conference where he insisted FB...

Here are some of this week’s weirdest ways to spend money They say a fool and his money are soon parted. But they also say: YOLO. Actually, nobody says that anymore. Disregard. Anyway, there’s no shortage of wild and wacky STUFF to spend your money on. Here are three of our favs from this week...

SmileDirectClub officially takes the (dental) crown as the worst IPO of 2019 SmileDirectClub’s shares took a dive this week after California Gov. Gavin Newsom signed a law that gives his state oversight into all dentistry operations that occur there. Now, the company’s stock is down almost 60%...

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"Practice gratitude, choose happiness and watch the good flow into your life." - Abigail Doolittle (@TheChartress)

“Be braver - you can’t cross a chasm in two small jumps.” - David Lloyd George

Billionaire Ken Fisher’s Firm Loses Nearly $1 Billion After Crass Remarks—And Much More Is On The Line (Forbes) Billionaire Ken Fisher’s money management firm has been fired by three clients, representing over $900 million in client assets, since the CEO’s crass remarks at an exclusive industry...

Cook in China Apple CEO met China's market regulator in Beijing yesterday, following the controversy over Apple's yanking of a Hong Kong-protest-related app. The regulator's chief, Xiao Yaqing, reportedly chatted with Cook about Apple's Chinese investments, corporate social responsibility and...

Facebook Politics Mark Zuckerberg has defended Facebook's decision not to ban political ads that contain falsehoods, saying such disinformation is "something we have to live with." The CEO also raised the specter of Martin Luther King's protest-related imprisonment when talking about upholding...

AT&T Talks AT&T is reportedly in talks with Elliott Management in an effort to put an end to the latter's activist campaign. The matter may be resolved with a strategic review of AT&T's assets, a push to boost margins, and perhaps some board changes. Or not. Wall Street Journal

https://www.marketwatch.com/story/heres-how-much-youd-have-to-earn-in-2017-to-crack-the-uss-richest-1-2019-10-17?mod=home-page

https://www.oaktreecapital.com/docs/default-source/memos/mysterious.pdf

After placing another bad bet in Vegas, MGM Resorts is forced to say: “Bye bye, Bellagio” MGM Resorts International, a hospitality company that owns hotels on the Vegas strip, sold the famous Bellagio Hotel and Casino in Las Vegas to the private equity giant Blackstone for $4.25B (it will lease...

https://www.investors.com/etfs-and-funds/sectors/sp500-whet-retail-apocalypse-26-big-retailers-grow-this-year/

Tech Demand A positive sign for the tech world: TSMC, the biggest provider of chips for smartphone makers such as Apple, expects an almost-10% rise in Q4 revenue and is boosting its 2019 capex plan by up to $5 billion, because "5G smartphone growth momentum is stronger than we expected." Reuters

Nestlé Buyback Nestlé will run a $20 billion share buyback from 2020-22 following the sale of its skin health division. The world's biggest food firm, which CEO Mark Schneider has been turning around for the last few years, also confirmed its annual targets. Financial Times

Christian Dior Yet another Western company has apologized to China for the way it represented its territory. This time it's Christian Dior, which reportedly used a Taiwan-free map of the country in a presentation. Statement: "Dior has always respected and upheld the principle of one China...

"Great dreams are achieved through tremendous vision and equally tenacious action. Never give up." - Abigail Doolittle (@TheChartress)