📈 Under Armour Founder Sells $100m

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Good Morning!

In May, US job growth was on the up and up. Great news, right? But hold your horses, because the unemployment rate jumped to a seven-month high of 3.7%.

Now, onto the week ahead. It's looking pretty light in the economy department, but don't you worry, we've got our eyes locked on June 14. Why, you ask? Well, that's when the Federal Reserve is set to drop some news on us. In other news, the founder of Under Armour decided to shake things up and sold a whopping $100 million worth of stocks. Got to keep those pockets jingling, right?

Grab your triple upside-down, half-caff, caramel-infused, pumpkin spice frappuccino with extra whipped cream and let's get into it! ☕👇

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Markets

US employers boost hiring in May, but labor market losing steam (4 minute read)
So, some good news and some not-so-good news from the job market in the US. Let's start with the good news: job growth picked up the pace in May, which is definitely a step in the right direction. However, here's where the not-so-good news comes in: the unemployment rate jumped to a seven-month high of 3.7%.

Investing

Top 5 things to watch in markets in the week ahead (5 minute read)
Alrighty, let's kick off the week with a sneak peek at what's on the economic agenda. It’s a light one, but we've got some key events to keep an eye on. First up, we've got rate decisions from our buddies up north in Canada and our mates down under in Australia. These announcements are sure to grab some attention as we eagerly await the Federal Reserve's big reveal on June 14. Now, don't let the recent rally in tech stocks fool you because investors are still feeling a tad cautious.

Under Armour Founder Sells $100 Million Stake (3 minute read)
Kevin Plank, founder of Under Armour (UA), sold off some of his stake in the company, and get this, it was worth a whopping $100 million! But hey, don't panic just yet, because Plank is still the top dog when it comes to owning Under Armour shares. He's holding on to the majority and made it clear that there are no immediate plans for any more share-selling. Why did he sell? Well, apparently, it's all connected to some personal financing commitments.

Money

Why You Should Consider CDs in a Rising Interest Rate Environment (6 minute read)
Picture this: interest rates are on the upswing, and as a savvy investor, you want to make the most of it. Well, have you considered certificates of deposit (CDs)? These little gems can be a great option in a rising interest rate environment. Here's the deal: when you invest in a CD, you get to lock in a fixed interest rate for a set period of time. It's like a financial time capsule!

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