Financial Virgin - Issue 28
Good Morning All. Stocks soared high in Thursday’s session. 🚀 🚀Big boy stocks like Morgan Stanley, UnitedHealth, and Bank of America all rallied on impressive earnings results. 🤑
🚀 Pharmacies on the Rise
Walgreens reported EPS of $1.17 adjusted (vs. $1.02 expected) and revenue of $34.26 billion (vs. $33.3 billion.) Revenue in Q3 2020 was $30.37 billion, showing just how beefy the company’s revenue growth has been. 🥩 💪customers with vaccine appointments bought products while waiting for their shots. Lets see what Dischem and Clicks do.
💣 SnapChat Crashed
Snapchat crashed this morning just nine days after Instagram, Facebook, and WhatsApp experienced major outages. Snapchat lost the ability to send/receive messages or post
😋 China’s Bitcoin Ban has worked?
Research suggests its share of global mining activity has gone from 76% to effectively 0% in the space of just three months. The USA has benfited the most, as their share of global mining shot from 16.8% in April 2021 to 35% in August. More here
🤦Coinbase jumps into NFT’s
The crypto exchange announced plans to launch a marketplace which allows users to mint, collect, and trade NFTs. Guess they too want a piece of the pie. Coinbase’s move comes just one day after rival exchange FTX.US launched its Solana-based digital collectibles.
🤓 What even is the metaverse, anyway?
No one seems to have a definitive answer, but they're all very excited about it. There’s no universally accepted definition of a real “metaverse.” Author Matthew Ball gives it a try , “The Metaverse is an expansive network of persistent, real-time rendered 3D worlds and simulations that support continuity of identity, objects, history, payments, and entitlements, and can be experienced synchronously by an effectively unlimited number of users, each with an individual sense of presence.”More here
🕵️♂️Crypto Regulator
Coinbase has proposed the creation of a special regulator just for the cryptocurrency market. The proposal comes on the heels of the Wells Notice the exchange received from the SEC last month over its lending product. The company had to cancel the product launch because of the SEC’s demands.
🚀 The Rise of Blackrock
BlackRock is the world’s largest asset manager, with nearly $10T under management as of June. That’s almost as much as the entire hedge fund and private equity and VC industries combined.
🐕 “High” Dog not cool
Reports of marijuna poisonings in dogs are on the rise in California. Dogs aren’t just getting stoned on their owners’ stash — they’re also finding edibles out “in the wild.” For pups who accidentally ingest edibles meant for humans, the effects can be serious and a vet should be contacted immediately.
DID YOU KNOW ?
Miso Robotics – The First AI Kitchen Assistant
The $273B Quick Service Restaurant industry is facing tight margins of 5% due to rising wages and worsening labor shortages. With a 3.7M future labor shortfall, restaurants are in trouble.
LINKS THAT DONT SUCK
📺 How Many People Have Watched ‘Squid Game?’ It’s a Record.
How to complete all the Squid Game games
😮 Google’s Latest Virtual Tour Lets You Walk The Great Wall of China
🚬 FDA Authorizes First E-Cigarette But Only Allows Tobacco Flavors
Hope you all have a great weekend and feel free to give us a like and share. Thanks.