Good Morning, everyone. A very happy Friday to you!
💳Visa dips its toes into NFT’s
Visa paid $150,000 worth of the Ethereum this month for a cryptopunk. This was no regular cryptopunk, this was cryptopunk #7610 which is a pixelated digital image of a woman with a mohawk and green eye shadow. Visa is well known for supporting the art industry, but this took it to a whole new level.
🏦 SoftBank is still going
After suffering heavy losses in 2020, SoftBank has seen record profits in 2021, raking in $46B for its fiscal year. The investor is continuing to ride that high, investing in a record number of deals so far this year across sectors like retail, fintech, and healthcare. It’s on pace to triple its previous record of 66 deals set in 2019.
💼The Great Resignation
US private sector workers have been quitting at record rates in 2021, with the quits rate first reaching a new high of 2.7% in April 2021 and again in June 2021, representing about 4M jobs each month. As retailers and restaurants scramble to re-hire workers
❄️Snowflake ($SNOW)
Snowflake streaked 7.6% to six-month highs following a killer earnings report. 💸 Its been a great trade, but think its got a little more in it as it becomes profitable.
EPS: ($0.28) vs ($0.15) est
REV: $254.6M, +103% YoY
💉The FDA has approved the Pfizer/BioNTech vaccine
The Food and Drug administration gave its approval to Pfizer for its covid 19 vaccine, which has for now only been covered under emergency use authorization. this is great news, but there is still loads of research and management of this that needs to be watched. Check out these recalls from the FDA
🗿Avalanche just keep going!
The price of $AVAX.X, the native coin of the Avalanche network, has more than doubled in the last week. It’s up roughly 341% in the past month. BUT WHY? They launched Avalanche Rush, a new $180 million liquidity mining incentive on the Avalanche blockchain. Read more here
🌳 ESG be careful
U.S. authorities are investigating Deutsche Bank — again. DWS Group (Deutsche’s $1 trillion asset management arm) overstated the sustainable investing criteria used in its environmental, social, and governance (ESG) strategy. . In March 2021, DWS reported over $900 billion in assets invested in the ESG strategy; other reports show only a fraction of the $900 billion actually followed sustainable investing criteria.
💊Medtronic continues to to innovate
Their ability to innovate clearly shows in their quarterly numbers.
The quarterly results blew up and pushed the share price higher ($MDT)
EPS: $1.41 vs $1.32 est
REV:$8B, +23% YoY
👗 Get Thrifted
Millions of conscious consumers are now buying and selling secondhand clothes on consignment apps like Poshmark, ThredUp, and Depop. Now, one millennial fashion brand wants to dive headfirst into the resale wars. Retail companies like Urban are now launching their own in house app, called Nuuly, to keep up with the trend.
DID YOU KNOW ?
I would urge all followers to watch the below history of the Taliban. It is very insightful as to the origins of the Taliban group.
LINKS THAT DONT SUCK
Get ready for summer with these boozy drinks
OnlyFans reverses its Porn ban
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