📈 Barbie Breaks Records

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Good Morning!

First up, forget political debates, because UFOs and aliens are bringing a divided US Congress together - Who would've thought? Zuck's Meta’s Q2 results just landed, and the stock shot up by a cool 7%! But they did see a whopping $40 billion in losses for their Metaverse venture.

Barbie has had a smashing opening and raked in a jaw-dropping $155 million! Is it enough to bring back some sparkle to owner Mattel's stock? And last but not least, it's time to unseal the container lids, because Tupperware has joined the meme stock frenzy after heir stock jumped up an incredible 350% in the blink of an eye.

Grab your Caramel Macchiato with a dash of cinnamon, a drizzle of chocolate sauce and extra pink sprinkles and let's get into it! ✨☕️👇️

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Markets

What Will It Take for the Federal Reserve To Stop Hiking Interest Rates? (5 minute read)
Guess what happened again? The Federal Reserve finally ended its break and, like clockwork, raised interest rates for the 11th time since March 2022! At the most recent two-day Federal Open Market Committee (FOMC) meeting, they unanimously decided to bump up the rates by 25 basis points.

We're now at the highest borrowing costs in over 22 years - but there's still a lingering question: will this be the grand finale of the rate-hiking cycle?

Investing

Meta Stock Jumps 7% on AI Hype but Metaverse Losses Pile to $40bn (2 minute read)
Q2 results just came in for Zuck’s Meta (META), and they're looking pretty good! The stock shot up by 7% in after-hours trading. Revenue climbed up by a cool $32 billion, a solid 11% increase from last year, and they even beat expectations at $2.98 per share in profits. Zuck's AI-driven efforts to personalize feeds are already paying off, and investors are digging it! Although, in their ‘metaverse’ project, things aren't looking so rosy, and they've taken a $40 billion hit.

Barbie Is the Smash Hit of the Summer Movie Season. Where Does That Leave Mattel Stock? (5 minute read)
Pink is the color of the season, and the Barbie movie is absolutely shining this summer. It's a real smash hit, marking the first big success since theaters reopened post-pandemic, bringing in a massive $155 million. Now, some folks are wondering if this box office magic can work its charm on the whole theater industry, and there's also the question of whether it can give Barbie-owner Mattel's (MAT) the boost they need.

Meme stock investors want a bite of the Tupperware stock (4 minute read)
Hold on to your Tupperware lids - Investors have gone full-on bullish for Tupperware (TUP), and it's causing quite the stir. The Florida-based company might be facing some trouble with declining sales, but that hasn't stopped its stock from skyrocketing an unbelievable 350% in just five trading days. Tupperware has now joined the ranks of meme stocks like AMC and Bed, Bath & Beyond – financially-troubled companies that somehow become internet sensations.

Money

Will You Have to Work Forever? 1 in 5 Americans Think They’ll Never Retire (5 minute read)
A recent poll conducted by Axios and Ipsos reveals that a lot of hardworking Americans are feeling skeptical about ever retiring. One out of every five working adults in the U.S. is convinced that retirement is just a distant dream for them. Yep, a whopping 70% of these folks say they won't be able to afford retirement.

To add to the worry, most workers don't think Social Security or pensions will cover their expenses when they finally do retire. The poll gathered insights from 1,238 adults aged 18 or older, and among them were 210 adults aged 55 and over who shared their retirement planning and expectations.

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