Hey everyone! It’s Paula Cabrito de la Torre at the helm today. Your favourite financial newsletter is back to bring you the highlights of the last seven days and the most important events to come. Here it is, a new dose of Stocks and the City!
Summer is in full swing and, as far as the new variants of the coronavirus allow it, investors are going on holidays. Movements in the markets sometimes get weird, because the volume of shares traded is smaller.
The Internet, however, is everywhere and doesn’t rest in summer. We told you a few days ago that a ransomware attack affected almost a thousand businesses around the world. Its modus operandi: encrypting the files on vulnerable computers and claiming million-dollar ransoms for decrypting them.
Also, the US Pentagon has cancelled a $10 billion contract with Microsoft for its cloud storage services, over a complaint from Amazon.
And speaking of the e-commerce platform, Jeff Bezos, the man who created an empire from an online bookstore, is stepping down as CEO 27 years later. Did he retire to drink caipirinhas on a Caribbean island, as we all would do? No, he has become the company’s executive chairman.
You can find all this news and much more juicy content in our Invest Feed in the Vivid app.
Here’s what you missed over at Vivid Editorial
In the UEFA Euro football championship we have seen that a good strategy can take you a long way. A clear plan can also help your investments, that’s why this week we have published some posts that can be useful to work on yours.
Have you ever heard of Lump-Sum investing? And Dollar-Cost Averaging? If this is not the case, I highly recommend Stephanie’s comparison of these two simple and popular investment strategies.
Why does a politician give a five-minute speech and the markets freak out? I have outlined four fundamental economic events that any investor should watch out for before making a major financial decision.
Do you actually know what hedge funds are? Pablo explained in a very simple way how they work, as well as the activist and vulture funds. You should definitely read it if you plan to watch the series Billions!
What you can expect from this week:
We know you want to make the most of these long sunny days, so we have prepared a summary of the main financial events to watch out for in the coming days — heads-up: Tuesday is going to be a busy day.
- This week a few well-known companies are reporting earnings. On Tuesday it’s PepsiCo’s turn, and on Thursday we’ll see Ericsson — remember those folding mobile phones that had their moment of glory in the 2000s? — and Honeywell — a huge tech that’s even involved in the aeronautics business.
- In European economic events, Germany on Tuesday will present its Harmonized Index of Consumer Prices, which will show how inflation in the EU’s economic engine is doing.
- In the U.S., Tuesday is also the day chosen to release the data of the Consumer Price Index ex Food & Energy. This means that they calculate the CPI excluding from the goods list the food and energy because these are the ones with the most volatile prices.
And that’s it! Thanks for choosing us to keep you updated about the financial world. Now, if you feel inspired to invest, have a look at our complete Vivid catalog by clicking this purple button below.
“After all, seasons change, so do cities; people come into your life and people go. But it’s comforting to know that the Editorial tab will always be in your Vivid app” — Carrie Bradshaw, almost.