😏 Uber finally posts a profit

So much for US companies’ power play | Uber’s finally made it | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 8th in 3:09 minutes. 🤩 So our all-star lineup of guests – from billionaire investor Mark Cuban to Defiant CEO Camila Russo – is all set for our [Finimize x Ledger Crypto Summit](. We’ll be announcing the talks this week, but here’s a sneak peek: you’ll discover how to value the newest crypto projects, what it’ll take for crypto to be adopted by the masses, and how crypto’s weaving its way into everything from sports to entertainment. [Grab your free ticket]( Today's big stories - The US economy added more jobs than expected last month - One famed finance professor has created a list of superstar stocks that have historically made investors most of their money – [Read Now]( - Uber reported mixed results, but at least the ride-hailing app finally scored a profit Desperate Measures [Desperate Measures] What’s Going On Here? [Data]( out on Friday showed the US added a better-than-expected 531,000 jobs last month, even if once-confident companies have started to get a little… needy. What Does This Mean? It’s been a rough few months for the US job market, with the previous two updates falling short of expectations. But things were back on track in October, as the US added 18% more jobs than expected last month and its unemployment rate fell to 4.6% – a new post-pandemic low ([tweet this](). The leisure and hospitality sector had a lot to do with that, adding more jobs than any other industry. But carmakers played their part too: they’ve been hiring more to keep up with demand, helping drive employment in factories up by the most since June last year. Why Should I Care? For you personally: What goes around… Companies are used to calling the shots in interviews, but no more: there are so few people looking for work and so many vacancies that prospective employees are finally able to demand more money. So it follows that average hourly earnings climbed by almost 5% last month compared to the same time last year – the biggest rise since February. Trouble is, higher wages might come back on you in different ways: rising costs could push companies to raise prices to protect their profits, so you might have to foot the bill anyway. The bigger picture: The Fed’s in a Catch-22. The Federal Reserve described America’s situation as “complicated” last week, which is probably a bit of an understatement. Those rising prices, after all, might force the central bank to lift interest rates to keep [inflation]( from spiraling out of control. But it’s also keenly aware that rate hikes will make businesses less inclined to spend money on, say, hiring – and given that there are still more than 4 million fewer jobs than before the pandemic, that’s not exactly something it wants to discourage. You might also like: [Twitter CEO Jack Dorsey has a point about inflation…]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Desperate Measures&utm_campaign=daily-global-08-11-2021&utm_source=email) Analyst Take How To Spot A Stock Market Superstar [How To Spot A Stock Market Superstar]( [Photo of Reda] Reda, Analyst What’s Going On Here? You might not have heard of Hendrik Bessembinder, but [the finance professor’s research]( is an investor must-know. See, Bessembinder [analyzed]( roughly 26,000 stocks listed between 1926 and 2016, and found that more than half [lost money]( or did worse than simply holding cash. By contrast, around [1,000 stocks]( – or just 4% of the entire sample – accounted for all the net shareholder wealth creation over the period. That’s almost $35 trillion worth. In other words, [a small number of superstars]( account for all the wealth created in that period. The rest are duds whose losses were just outweighed by the moonshots’ gains. But here’s the thing: you can draw out a pattern if you look at [the list of superstar stocks](, and make sense of where they tend to come from. So that’s today’s Insight: [what the superstar companies are](, what they all have in common, and [what they mean for your own investing approach](. [Read or listen to the Insight here]( SPONSORED BY ZIGLU A double whammy of opportunity Remember the days when cryptocurrencies and plain old regular currencies didn’t mix? That’s a thing of the past with [Ziglu](, where you can [buy, sell and track crypto](, securely store cash, and spend funds via Mastercard – all in one spot. And Ziglu is more than a place to store capital, it’s a place to grow it. Investors are able to access a ground-breaking [5% interest investment account]( – in sterling or bitcoin. See, Ziglu is all about breaking down barriers to make digital finance available to all. That’s why you can [buy into Ziglu itself]( right now: the company is [crowdfunding on Seedrs](. Yes, really. Scroll down, or [visit Seedrs](, to find out more. [Invest In Ziglu]( Payday [Payday] What’s Going On Here? Uber [reported]( mixed results late on Thursday, but nothing’s going to rain on the ride-hailing giant’s first profitable (ish) quarter. What Does This Mean? Revelers and merry-makers of all kinds are finally back in action, and they’ve been hopping into Ubers to get wherever they need to go. And it shows: the company saw 39% more trips last quarter than the same time last year, and the total value of bookings was up 67%. Uber did so well, in fact, that it finally reported its first-ever quarterly profit. Take that with a pinch of salt, mind you: the company’s investment in Chinese self-driving car company Didi has plummeted by $3.2 billion, even if it hasn’t realized those losses. A handful of salt, actually: Uber’s profit forecast for this quarter came in worse than expected, maybe because the company’s worried lockdowns are set to make a comeback. Why Should I Care? The bigger picture: Uber has some explaining to do. Uber’s food delivery service was a gift last year: the drop-off in its ride-hailing segment was – at least in part – offset by Uber Eats, which nearly tripled its revenue last year versus the year before. But it’s still not profitable, even as the ride-hailing segment posted a profit of more than $500 million last quarter. And that won’t help placate impatient investors, who had already sent its stock down 11% this year before the announcement. Zooming out: Big summer blowout. Uber isn’t the only “sharing economy” firm to fret about lockdowns: Airbnb previously warned that this summer – usually the busiest time for the vacation rental giant – might be a quiet one. What it didn’t anticipate was that the working-from-home trend would allow vacationers to mix business with pleasure, taking longer and more frequent trips. That helped [push]( its profit up by a massive 280% compared to last year, which might be why investors initially sent its stock up 3%. You might also like: [Is Airbnb still a good investment?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Payday&utm_campaign=daily-global-08-11-2021&utm_source=email) 💬 Quote of the day “Feet. Why do I need them when I have wings to fly?” – Frida Kahlo (a Mexican artist) [Tweet this]( SPONSORED BY ZIGLU Investing in Ziglu: the facts When you’re assessing an investment opportunity, you look at the actual product and the financials behind it. So now that you know what [Ziglu]( does, here’s why [you might want to consider investing](: - - The platform has [more than 80,000 users]( – and Ziglu has added 20% more users a month on average in 2021. - Just over a year ago, Ziglu raised funds on Seedrs for the first time. The numbers say it all: [Ziglu secured 616% of its target](, raising over £6 million from 1,245 investors. - And this time around, Ziglu has already smashed its £1 million goal: over 1,500 people have already invested £5.5 million. You still have the chance to join them: Ziglu is crowdfunding on Seedrs right now. [Check out the pitch today.]( [Invest In Ziglu]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - It’s easy to make an impact. [Clim8]( offers [ready-made, actively managed portfolios]( tailored to your preferred risk profile, so you can put your money to work while investing in [sustainable companies](.* - The no-club club. Party-goers are [taking a stand](. - NFTs, Defi, and the Metaverse. Come [down the Rabbit Hole]( to discover all of them.* - RuPaul would be proud. A drag race with [wings](. - This app is gaining traction. But [what’s with the push](? When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🧙‍♂️ One crypto platform to rule them all Crypto platforms are ten a penny, but our next event zones in on one of our absolute favorites. Here’s why: it’s effortless to use, it’s growing fast, and it’s seeking new investors. Sounds like an opportunity to us: come along to [How To Profit From The Next Crypto Challenger](, and Ziglu will show you why it could be the one to back. 🤑 [How To Profit From The Next Crypto Challenger](: 5pm UK time, November 8th 👀 [The Search For Super Growth Stocks](: 3pm UK Time, November 9th 👵 [How To Retire Early With Crypto](: 5pm UK Time, November 11th 🇮🇳 [How To Tap Into India’s Raw Potential](: 9am UK time, November 15th 💡 [Will Crypto Regulation Dent Your Portfolio?](: 12pm UK time, November 16th 🔥 [How The New “Commodity Supercycle” Impacts You](: 5pm UK time, November 17th 🚗 [How To Buy Into The EV Boom](: 1pm UK time, November 18th 💰 [Your First Step Into The Cryptoverse](: 5pm UK time, November 19th 🚀 [Finimize x Ledger Crypto Summit 2021](: December 2nd-3rd ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. 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