Finimize is the daily financial newsletter that everyone in finance secretly reads and covers the 2 most important stories of the day in 3 minutes. It’s free and without any jargon or as Forbes puts it, “Super digestible and well-written. A+”. All content is created in-house by the Finimize team, formerly from Goldman Sachs, Barclays, Bloomberg, etc. Join more than 400,000 daily readers.
April 2, 2020
Investors’ optimistic start to the year seems like a long time ago now. Global stocks fell 20% last quarter, losing around $20 trillion in value in what was their worst run since 2008. US government bonds, on the other hand, had one of their best quarters as investors clamored for their relative safety.
April 1, 2020
In a recent report, investment banking giant Goldman Sachs picked a handful of stocks that should vaccinate investors against the coronavirus pandemic – and even some that could help them come out stronger.
March 31, 2020
As if it wasn’t mortifying enough that EasyJet had to ground its entire coronavirus-anchored fleet on Monday: the UK airline’s biggest shareholder now wants it to back out of an almost $6 billion deal too.
March 25, 2020
The global economy is stuck on a loop: the International Monetary Fund (IMF) – a sort of bank for countries – is anticipating a recession that’ll be at least as bad as after the 2008 financial crisis.
March 24, 2020
The Federal Reserve (the Fed) announced on Monday there’d no limits to its bond-buying to support the US economy. The Fed announced $700 billion of new bond purchases this time last week, and by Friday, it’d already completed a batch of them.
March 23, 2020
The price of a barrel of oil hit lows not seen since 2002 halfway through last week, as the falling demand that accompanied the dramatic slowdown in global economic growth dovetailed with a sharp increase in supply – namely Saudi Arabia’s price war-driven boost in oil production.
March 18, 2020
The Philippines announced it was shutting down the country’s stock, bond, and currency trading markets on Tuesday, even as the world’s biggest financial markets keep ticker-taping along.
March 17, 2020
Investors continued to ditch their stocks on Monday as companies – airlines and banks chief among them – struggle to escape the dreaded coronavirus pandemic.
March 16, 2020
The European Central Bank’s (ECB’s) decision not to cut eurozone interest rates last week might’ve been proved right: data on Friday showed that the rate at which prices of goods and services rose in its major economies last month still hasn’t picked up.
March 11, 2020
Fresh Italian and European economic data proved surprisingly heart-warming on Tuesday. It’s just a shame investors only have eyes for the here and now these days.
March 10, 2020
What? Last week’s oil situation has evolved! The oil price suffered its biggest drop in almost 30 years on Monday, after Saudi Arabia unexpectedly flooded the market!
March 5, 2020
Every quarter the FTSE 100’s shufflin’ – and that’s why the major UK stock market index picked up a few new stocks and lost a few old ones on Wednesday.
March 4, 2020
Thermo Fisher has caught something, but it’s not what you think: the scientific equipment-maker agreed to buy rival Qiagen – along with its coronavirus diagnosis kits – for $10 billion on Tuesday.
March 2, 2020
US stocks had their worst week since the 2008 financial crisis, and that earned them a new record late last week: the fastest “correction” in history.
February 26, 2020
Activist hedge fund Third Point has bought an almost-$2 billion stake in Prudential – and plans to use its newfound power to split up the insurer’s Asian and US businesses.
February 24, 2020
A survey out late last week showed manufacturing activity in the eurozone is still contracting – but the rate of decline did slow in February.
February 19, 2020
HSBC suddenly looks a whole lot smaller than it used to: the global bank announced plans on Tuesday to cut 15% of its workforce in one of its biggest overhauls since the financial crisis.
February 12, 2020
On Monday, Swedish carmaker Volvo announced it’s in talks with China’s Geely Automobile to combine the two businesses into one all-powerful auto giant.
February 10, 2020
US employers wasted no time in hiring at the start of 2020, with Friday’s data showing 225,000 jobs added in January – around 40% more than forecast.
February 6, 2020
Spotify’s stock price fell as much as 5% on Wednesday. But misery loves company: Snapchat-owner Snap Inc. reported lower-than-expected fourth-quarter sales despite adding more users than forecast, and its shares dropped over 10%.
February 5, 2020
Markets were glittering on Tuesday as the amount of gold held in exchange-traded funds (ETFs) surpassed a record high set seven years ago.
February 4, 2020
Google-parent Alphabet announced weaker-than-expected fourth-quarter earnings on Monday, and – like a grad student dishing up cold Alphabetti Spaghetti – the tech giant looked at the disappointing results and asked itself, “Surely I can do better?”
February 3, 2020
Chevron is scrambling to keep up as the oil price goes down, down, down – but the $6.6 billion loss the oil company just delivered might’ve knocked it completely off balance.
January 30, 2020
Microsoft’s total earnings came in much higher than expected, but investors were more interested in the company’s cloud business, which is its fastest-growing segment and represents a third of its revenue and profit.
January 28, 2020
Investors ditched their stocks on Monday, as the deadly coronavirus continued to disrupt the Chinese – and global – economy.
January 27, 2020
Intel made its way through chip after chip last quarter, and its relentless hours of commitment paid off: the world’s largest microchip-maker reported a powered-up outlook for 2020 late last week, and its shares rose over 7%.
January 23, 2020
Investors weren’t left feeling particularly fresh on Wednesday after global healthcare and consumer products giant Johnson & Johnson (J&J) Suda-fed them fourth-quarter sales that fell short of expectations.
January 21, 2020
The International Monetary Fund (IMF) trimmed its growth outlook for the global economy on Monday, but it also softened previous risk warnings. The IMF – a sort of bank for countries and thus an authority on this sort of thing – now expects the world economy to grow 3.3% in 2020 and 3.4% in 2021, down from previous forecasts of 3.4% and 3.6%.
January 14, 2020
Investors didn’t think the UK economy would grow in November, but – in a twist no one saw coming – they opened a data release on Monday to find the economy had actually shrunk. With Brexit uncertainty having taken its toll over the past few years, the UK economy has had a tricky time of it.
January 8, 2020
Stocks may have been shaken by recent US-Iran tensions, but they’ve not been too beaten down. Maybe it’s because investors are expecting the US Federal Reserve (the Fed) to step in and cushion any major slides…
