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- 📈 Banking On A Recession?
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The Federal Reserve is predicting a "mild recession" later this year due to some bank collapses. Meanwhile, we're kicking off a new quarterly earnings season which means it's time for some serious stock-watching - and US banks are in the spotlight.
Boeing's shares took a tumble after they hit a snag with some 737 MAX deliveries. But it's not all bad news. Elon Musk announced on Thursday that users will soon be able to offer subscriptions to their content on Twitter. Time to start polishing up those 280 characters!
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Markets
US Stocks Slide as Federal Reserve sees "mild recession" later this year (3 minute read)
The Fed are predicting a "mild recession" later this year due to some of the bank collapses. Because of this, they're thinking about holding off on raising interest rates too much, since they're worried that the banks might cut back on lending and make things worse. The Fed decided to only raise their interest rate by 0.25% instead of going all in at 0.5%, despite worries about inflation being too high.
Big bank earnings, IEA report, Tesla prices - what's moving markets (2 minute read)
It's the start of a new quarterly earnings season, folks, and you know what that means - it's time to talk about the big ol' banks in the US of A. Investors are keeping a close eye on them and also waiting for the International Energy Agency's monthly report to get the lowdown on the oil market. Unfortunately, it looks like stocks might be taking a little dip. But hey, let's end on a bright note: Tesla's gone and cut their prices in Germany.
Investing
Boeing shares tumble as parts issue halts deliveries of some 737 MAXs (2 minute read)
Boeing's shares took a tumble by 4.5% in premarket trading after they hit a snag with some 737 MAX deliveries. Turns out their supplier, Spirit AeroSystems, ran into some issues with fuselage fittings that date back to 2019. Spirit's stock plummeted over 11.7%. This hiccup affects a lot of undelivered 737 MAX planes that are either still in production or in storage.
2 Stocks That Turned $40,000 Into $1 Million in 10 Years (5 minute read)
You know what they say - you gotta spend money to make money, right? Well, growth-oriented businesses are all about that. Just like DexCom and Tesla - $40,000 investments turned into more than a million bucks in the past decade! The Motley Fool did some investigating on why these two stocks have done so well and whether they're still worth buying.
Musk says Twitter will allow users to offer subscription to content, video (1 minute read)
The Twitter (TWTR) boss announced on Thursday that users will soon be able to offer subscriptions to their content. That means long-form text, videos that go on for hours - you name it, they can sell it! All the cash that subscribers pay (minus those pesky Android and iOS charges) will go straight into the content creator's pocket. And get this - Twitter won't even take a cut for the first year!
Money
Generational Wealth And The Angst Of The Not Rich Enough Class (10 minute read)
Have you ever looked at some high-income earners and wondered why they're still not happy? Well, according to research, it all comes down to three things: never-ending comparison, a lack of generational wealth, and having kids. Generational wealth, that's the real deal. If you're lucky enough to have it, you can relax a bit about your kids' future. But here's the rub - you need to accumulate a ton of cash to get there, and even then, you can't just hand it all to your offspring.
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