πŸ“ˆ Deere's Bumper Crop Profits

Plus: Meta fined billions by the EU.

Good Morning!

Those pesky debt ceiling negotiations that you probably keep hearing about took a detour and sent stocks on a bit of a rollercoaster ride. Things got a bit dicey when the possibility of a US default joined the party and Rep. Graves called the White House team β€œunreasonable”.

Zuck’s Meta recently got slapped with a massive $1.3 billion fine for flouting EU data protection laws and Deere & Co, the kings of agriculture, are basking in some sweet success as their sales soared higher than Wall Street predicted.

Grab your tall, half-sweet, no-foam, extra-hot, extra-whip nitro cold-brew and let's get into it! β˜•οΈπŸ‘‡οΈ

Upgrade Your Crypto Game! πŸš€
Introducing our FREE Crypto Newsletter – Your shortcut to becoming a savvy crypto investor in just 5 minutes! πŸ’‘

Stay ahead of the game with our bitesize market-moving Nnws, insightful summaries, and hand-picked links from the exciting world of crypto and web3.

Don't miss out on the latest trends and opportunities, subscribe for free below!

Crypto JournalBecome a better crypto investor in just 5 minutes. Bitesize market-moving news, summaries and links from the world of crypto and web3.

Markets

Weekly Preview: Earnings to Watch This Week (2 minute read)
Debt ceiling negotiations hit a major roadblock and sent stocks into a bit of a slump on Friday after the possibility of a US default emerged, along with Rep. Graves calling the White House team "unreasonable"! Now, let's talk earnings, because that's where the excitement is! Keep an eye out for Palo Alto Networks (PANW) reporting on Tuesday and Nvidia (NVDA) reporting on Wednesday.

Investing

Meta Fined $1.3 Billion for Violating E.U. Data Privacy Rules (5 minute read)
Meta (formerly known as Facebook) got hit with a whopping fine of 1.2 billion euros (that's a jaw-dropping $1.3 billion!) and was told to stop shipping data from European Facebook users to the U.S. Turns out, the European high courts weren't too thrilled with Meta's flouting of data protection rules set by the European Union - the regulators weren't too convinced that data was safe from American spy agencies across the Atlantic.

Buying $1,000 of These Dividend Stocks Could Supply Passive Income Forever (4 minute read)
Hey there, budding real estate tycoons! Cue the entrance of real estate investment trusts (REITs) – the superheroes of the real estate game. You don't even need a truckload of cash to get started! Invitation Homes (INVH), Public Storage (PSA), and W. P. Carey (WPC) could be the keys to your real estate empire, with long histories of growing their dividends.

Deere raises annual profit outlook on healthy equipment demand (3 minute read)
Deere & Co (DE.N) is reaping some sweet profits from their tractors and precision agriculture equipment! They beat out Wall Street's expectations and even raised their net income forecast for the rest of the year - but hold your horses! Shares in the world's largest farm equipment maker slipped down 1.7% Why? The analysts are translating increased production levels as the possibility of too many tractors flooding the market.

πŸ₯

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!

Crypto JournalBecome a better crypto investor in just 5 minutes. Bitesize market-moving news, summaries and links from the world of crypto and web3.

Share The Investing Journal with your friends to receive rewards!