America Freezes Over, Howard Schultz Fails the 'Cereal Test' and Venmo Is the New Wedding Gift (60-Second Video) Here are three things entrepreneurs should know today.

By Patrick Carone Jan 31, 2019

The polar vortex has turned swathes of the country colder than Antarctica, paralyzing cities and leading to at least a dozen deaths. Always frigid Chicago is expected to match its 1985 record low of a bone-chilling -27°F.
Former Starbucks CEO Howard Schultz, who is considering running for president in 2020, failed the infamous "cereal test" on MSNBC's Morning Joe yesterday when he revealed he didn't know the price of a box of Cheerios. When told that is costs $4, Schultz looked surprised and said, "That's a lot."
Here comes the cash? The New York Post reports that millennial newlyweds increasingly want guests to Venmo them cash as wedding gifts, since everyone their age uses the mobile payment app. What, no one wants a stand mixer anyone?

Patrick Carone

Entrepreneur Staff

Special Projects Director

Patrick Carone covers all aspects of entrepreneurship, specializing in the automotive, entertainment, hospitality, spirits and cannabis industries.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Entrepreneur Exclusives