This week was all about World Bank President Ajay Banga dubbing the Israel-Gaza conflict a "global economic shock." Gold prices are also on a wild rollercoaster, reaching weekly highs thanks to the Middle East tensions.
And what's up with Tesla? They're making moves, dropping the prices on the Model 3 and Model Y in order to stay in the EV race.
Talking about discounts - consumer stocks are on a clearance spree, and this ETF is your golden ticket, outperforming the S&P 500.
Grab your hot oat milk cappuccino and let's get into it! ☕️👇️
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World Bank chief says Gaza conflict is economic shock (4 minute read)
World Bank President Ajay Banga chimed in on Tuesday about the Isreal-Gaza conflict, calling it a "global economic shock" that's making life tougher for central banks trying to stick the soft landing in many economies. But, he says it's not quite as economically messy as Russia’s invasion of Ukraine from last year because, it's not messing with oil, grains, and fertilizers.
Chip War: The Fight For The World’s Most Critical Tech (Book)
I recently completed reading Chip War and I highly recommend it. The book offers a fascinating and insightful account of the pivotal struggle for dominance in the microchip industry, especially amidst the escalating tensions between the United States and China. Microchips serve as the foundational technology for nearly everything in our modern lives, from missiles and microwaves to smartphones and the stock market. However, America's once unwavering edge in this crucial industry is now slipping rapidly. Chip War also won the FT non-fiction book of the year award. If you've read or decide to read this book, feel free to send us an email with your thoughts!
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TSLA: Tesla Slashes US Prices as Investors Fret Over Skewed Profit Margins (1 minute read)
In a strategic move to stay in the game, they've dropped the price tags on their Model 3 and Model Y in the good ol' US of A. The Model 3 rear-wheel drive now comes with a price tag of $38,900, down from $40,240 – a discount that'll make your wallet smile. And it's not just the base model catching the price-cut fever; even the fancier long-range and performance versions got a trim. Affordable electric dreams? Yes, please!
Gold price hits weekly high on Middle East tensions (5 minute read)
Gold prices had a bit of a rollercoaster ride on Monday as safe-haven traders try to navigate a landscape of geopolitical twists and turns. Spot gold decided to join the party, up 1.0% to $1,850.26 per ounce, the highest it's been since September 29. Meanwhile, US gold futures were also in on the action, up 1.0% and hitting $1,863.60 per ounce in the Big Apple.
How to Refinance Student Loans in 9 Steps (7 minute read)
Alright, picture this: you've got those student loans, and you're daydreaming about a way to make them less of a financial nightmare. Enter student loan refinancing, the potential superhero that could swoop in to save the day. If all goes according to plan, you might snag a lower interest rate or cut down those monthly loan payments.
But, and it's a big but, not everyone gets to wear the cape in this story. Refinancing isn't a magic wand that works for every student loan borrower, and when you're dealing with federal loans, there are some pretty important downsides you should keep in mind. 🧙♀️🔮