⚔️ DoorDash and Instacart clash

This town ain't big enough for all these groceries | Strikes bring the UK to a halt | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 23rd in 3:06 minutes. 🏃‍♀️ The metaverse is so new that a bevy of growth is on the cards, and more than a few different companies that could profit. So join seasoned financial services exec Dr. Martha Boeckenfeld for [Growth Opportunities In The Metaverse]( on June 23rd, and find out where the best bets are hiding. [Grab your ticket]( Today's big stories - DoorDash is expanding into the grocery delivery business - Our analyst has looked into when exactly the recession will hit – [Read Now]( - Inflation continues to get out of hand in the UK Special Delivery [Special Delivery] What’s Going On Here? US delivery giant DoorDash [announced]( on Wednesday that it’s teaming up with Canada’s biggest grocery chain. What Does This Mean? The takeout business isn’t what it was during the pandemic, when the only glimmer of light in our imprisoned existences was a well-seasoned enchilada. Now, foodies – or at least foodies that can afford to in these belt-tightening times – are choosing to buy restaurant-quality food inside restaurants. That’s encouraged DoorDash to expand into the grocery delivery market, which it sees as ripe for major growth going forward. More specifically, the company’s aiming to develop a network of dedicated delivery warehouses, which will allow partners to fulfill more orders than they would if their drivers picked up the products from a store. And DoorDash has now found the first of those partners: it just signed an exclusive deal to build warehouses for Canadian grocery chain Loblaws that’ll see it handle 30-minute delivery for up to 8,000 products. Why Should I Care? Zooming in: The rivalry of the century. The deal means DoorDash is now stepping on the toes of grocery delivery company Instacart, which used to be in an exclusive partnership with Loblaws. Expect this competition to continue: DoorDash is looking to make similar arrangements with grocery chains in other markets, while Instacart intends to make its own warehousing deals with some of the 750-odd retail partners it already has in North America. It’s not hard to see why: online US grocery sales are estimated to have topped $7 billion last month. The bigger picture: DoorDash hits and hopes. There’s a lot riding on this for DoorDash, given that investor confidence in high-growth tech businesses has collapsed. Just look at the company’s stock price, which has fallen nearly 60% this year alone. Still, if it’s able to successfully transition to a more platform-oriented business that offers logistics and warehousing, it could turn its fortunes around. You might also like: [Is DoorDash worth the money?]( 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=Special Delivery&utm_campaign=daily-global-23-06-2022&utm_source=email) Analyst Take When Will The Recession Hit? [When Will The Recession Hit?]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst Most people agree that a recession is nearly unavoidable now, but what they can’t agree on is [when exactly it’ll arrive](. But [the HOPE cycle]( can give us some insight: the measure looks at the impact of interest rates on the economy – notably on housing, orders profits, and employment. And by identifying which aspect of the economy is being impacted at which time, it can give us a unique insight into [when the recession might land](. So that’s today’s Insight: how the HOPE cycle works, and [when the global recession might hit](. [Read or listen to the Insight here]( SPONSORED BY FARMTOGETHER Why is Bill Gates investing in so much farmland? Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland. So what do they know that you don’t? Well, for starters, [farmland]( is a stable asset that has rewarded investors with [strong returns]( over the past few decades. It’s a solid [inflation hedge]( too: farmland’s returns have consistently outpaced the rate of inflation since 1992, and they’ve even been high enough to rival gold. Investing in [farmland]( can even help the planet: you’ll be driving money to farmers, and agriculture toward sustainability, ensuring a healthy planet and long-term food security. You don’t have to be Bill Gates to get started: [add farmland to your portfolio with FarmTogether](. [Find Out More]( Disclaimer: This communication is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors and risks in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed here. All forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this communication, and are expressly qualified in their entirety by the cautionary statements included herein. Any projections are preliminary and subject to change; the Company undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. The information contained in this document is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent of the Company. Train Wreck [Train Wreck] What’s Going On Here? Data out on Wednesday [showed]( that inflation in the UK hit a 40-year high last month. What Does This Mean? This is not going to plan: the prices of UK goods and services were 9.1% higher last month than the same time last year – only a small increase from April’s 9%, sure, but proof-positive of the persistence of inflation right now. The main contributor to the uptick came from food prices, but the data was grim across the board, as prices in half of all categories measured rose by 7% or more. The worst is yet to come too, with the average price of gas – a major driver of rising prices – already up 12% this month from May. Throw in another jump in energy prices due in the fall, and traders are now betting that the Bank of England will double interest rates to 3% by the end of the year ([tweet this](). Why Should I Care? The bigger picture: The wage spiral in practice. This rise in prices will only add to a cost-of-living crisis that caused railway workers to strike this week, and could cause others – namely teachers and mailmen – to do the same. But while the goal of an inflation-linked raise is an entirely fair one, it could also end up making things worse. For one, higher wages would increase company costs, and potentially encourage them to up their prices even more. And for another, they’d increase disposable income, leading to an increase in consumer demand and pushing prices higher still. Zooming out: Brits need cheap. The need to pinch pennies seems to have steered more shoppers toward budget clothing outlets. Primark [reported]( this week that its revenue was 81% higher last quarter than the same time last year. The retailer also announced its first push into online shopping with a trial of a click-and-collect service – something analysts think could drive even higher footfall in its stores. You might also like: [How a wage-price inflation spiral works.]( 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=Train Wreck&utm_campaign=daily-global-23-06-2022&utm_source=email) 💬 Quote of the day “If you can’t change your fate, change your attitude.” – Amy Tan (an American writer) [Tweet this]( SPONSORED BY BITCOIN.COM Your portal to the cryptoverse [Bitcoin.com]( is a go-to spot for crypto beginners who want to buy, sell or learn about crypto. So it only seems right that [Bitcoin.com]( – which is trusted with over [30 million digital wallets]( – is launching its own native utility token: [Verse](. [Utility tokens]( were among the most traded cryptocurrencies over the last year, and this one’s already off to a strong start: [Bitcoin.com]( just finished a [$33.6 million private sale]( of Verse. Verse is set to help power the [Bitcoin.com]([ ecosystem]( that’s used by millions around the globe, and you can find out more about what this demand means for Verse in its [whitepaper](. You’re best getting pre-approved before limited Verse tokens go on sale, so [get whitelisted today](. [Discover Verse]( The Verse token sale is not available in the U.S. and other [restricted jurisdictions](. 🎯 On Our Radar - These investment strategies are priceless. Literally: you can [get them for free](.* - Jersey girls don’t pump gas. [Here’s why](. - Mind over matter. It’s mental skills that [make an athlete elite](. - The city that never pees. New York has a [public restroom problem](. - Finally going on vacation? Good luck [renting a car](. 🌍 Finimize Community 🎉 Coming Up This Week… Note that all events are in UK time. 🥕 [Investing In The Rise Of Plant-Based Food](: 1pm June 23rd 🤗 [Investing In Metaverse Opportunities](: 5pm June 23rd 🐻 [Navigating A Bear Market Using Options](: 4.30pm June 24th And then after that… ♻️ [Analyzing Emerging Trends In Green Stocks](: 5pm June 27th 🏗 [How To Build a Well-Balanced Crypto Portfolio](: 1pm June 28th 🇺🇸 [How To Prepare For A Recession](: 1pm June 29th 🏠[Blockchain And Real Estate: What’s Next?](: 6pm June 29th 🤷‍♀️ [What To Do With Your Cash, Gains, And Letdowns](: 12.30pm July 4th 💰[Managing Your Pension In A Cost Of Living Crisis](, 12pm July 6th 📚 [Your Guide To Staying Safe In Web3](: 1pm July 7th 😊 [How Not To Panic In A Bear Market](: 5pm July 7th 😎 [The Benefits Of On-Chain Transactions](: 1pm July 8th 🏡 [Shelter Your Portfolio With Premium Real Estate](: 12pm July 12th 🔮 [The Psychology Of Risk Management](: 10am July 13th ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. 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