Morning Brew Daily Tesla Scraps High-End Car Models & Starbucks is Heating Up
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Jan 29, 2026 A lively roundup of the Fed holding rates and the timing of possible cuts. Big Tech moves get attention, from Tesla ditching high-end cars to Amazon’s mass layoffs and Meta and Microsoft’s AI bets. Starbucks’ comeback and rising same-store sales are highlighted. Quick data bites cover a Canadian ski boycott, London’s startup surge, and WD-40’s secret recipe.
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Fed's Boring Hold Reflects A Delicate Balance
- The Fed held rates steady because inflation and the labor market risks roughly balance each other right now.
- That equilibrium means policymakers will likely stay on hold until one side clearly moves first.
Tesla Bet Shifts From Cars To Robots
- Tesla is deprioritizing its high-end cars and shifting factory plans toward humanoid robots and other future bets.
- Falling car profits and rising competition pushed Elon Musk to double down on robotics and new businesses.
Meta Uses Ad Cash To Fuel AI Push
- Meta is spending heavily on AI and Reality Labs while its ad business funds the push.
- Strong ad revenue bought Meta credibility to keep investing despite big losses in experimental units.