📈 CAVA Soars 117%

Advertise with us | Our Newsletters | Your Rewards

Good Morning!

First up, the U.S. Federal Reserve just dropped the bombshell that inflation in key parts of the service industry is still hanging around - No signs of it letting up anytime soon, unfortunately.

Mediterranean restaurant chain Cava recently made its dazzling debut in the stock market, and boy, did they bring the heat! Their stock prices shot up a jaw-dropping 117%. Talk about spicing things up! Bank of America is throwing some predictions into the mix, suggesting that Tesla's market share might face a bumpy ride over the next three years.

Grab your venti quadruple caramel macchiato with extra whipped cream and sprinkles, and let's get into it! ☕️👇️

Markets

Fed see inflation elevated with few signs of easing (5 minute read)
The U.S. Federal Reserve just released their latest report - They're saying that inflation in important parts of the service industry is still pretty high and stubbornly refusing to calm down. The report suggests that if we want the Fed to do something about it, we might have to brace ourselves for a slight increase in joblessness. They'll be testifying about it soon in Capitol Hill, so let's see what they have to say.

Investing

Mediterranean restaurant chain Cava stock soars 117% in market debut (3 minute read)
Hold on to your pitas! Mediterranean restaurant chain Cava had its IPO on Thursday, under the ticker symbol “CAVA”, and their stock prices shot up a mind-blowing 117% during their market debut. Talk about starting off with a bang! They managed to raise a whopping $318 million by selling 14.4 million shares, making the restaurant chain's value around a mouthwatering $2.45 billion.

Experts Think That Tesla’s 62% US EV Market Share Could be in Trouble (2 minute read)
Bank of America (BAC) has some interesting predictions about Tesla's (TSLA) electric vehicle market share in the US - According to them, Tesla's dominance might take a hit in the next three years. Competitors like Ford are gearing up to give Tesla a run for its money with their more affordable EV options.

Money

7 Riskiest Places To Swipe Your Credit Card (9 minute read)
The Federal Trade Commission had their hands full in 2020, dealing with a whopping 66,090 cases of credit card fraud. Yikes! It just goes to show that we need to be on our guard and know where the risks lie. Protecting ourselves from these sneaky information thieves is crucial.

🐥

Best of Twitter

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in crypto and web3 - check out our new newsletter, The Crypto Journal!

Share The Investing Journal with your friends to receive rewards!