👀 The Week At a Glance
This week we talk about Warren Buffett, a new crypto controversy and the possibility of free cash!
Hey there, good morning! A lot happened this week and we’re here to bring you up to speed. So, binge on…
😲 Warren Buffett = Sheldon Cooper?
Yes, the OG stock guru is channeling his inner Sheldon Cooper right now and buying only his own company’s stocks. Even after so much buying, he is currently sitting on a cash pile of $149 billion! Wondering why he isn’t investing this money? ReadOn to find out.
⬅️ Why Are Companies Leaving China?
LinkedIn, Yahoo and now Fortnite are all bidding goodbye to China due to a “challenging” business environment. But what could be so challenging for them to quit the world’s second-largest economy? Here’s what’s going on!
💸 What if the Government Gave Us Free Cash?
No, seriously. Many countries gave citizens free stimulus payments during the pandemic. And boy, did that help! So, why not give citizens free cash year-round? Here’s presenting you both sides of the coin.
📈 Retail Investors Now Entering the Bond Market?
The government is making it easier for retail traders to enter India’s $1.1 trillion bond market. But why is it taking this step and should investors take the bait? ReadOn to find out!
💡 Why is General Electric Breaking Up?
One of the world’s most well-known and reputed companies is splitting into three. It comes as no shock as the company had been struggling for quite some time. Wondering what went wrong and how this decision will help? Here’s all you need to know.
💰 A New Crypto Controversy?
A council of Muslim scholars has said that crypto trading should be banned. Why? Because it’s haram according to the concept of Islamic Finance. Here’s our explainer on what this financial philosophy means.
🗞️ Here's What Else Made the News and Moved Markets:
👉 Market mover Musk once again managed to swing stocks this week. He posted a Twitter poll asking his followers if he should sell stocks, so he could pay taxes on the money gained from the sales. While his followers supported the sales, the declaration spooked investors who also rushed to sell. However, when Musk finally did sell $5 bn worth of stocks, it turned out the move had been planned wayyy before the poll. Something’s fishy?
👉 Following in Twitter’s footsteps, Instagram is now launching creator subscriptions. These will set you back by Rs. 89 per month and give you access to exclusive content from your faves. Are you willing to pay more money to watch more reels?
👉 Metaverses are the new “it” thing in business. So, after Facebook and Microsoft, even Disney and Bumble have decided to enter the space. Each company wants to use the concept to highlight its own USP. But who will manage to be successful?
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With love,
Team ReadOn ❤️
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