The metaverse can't come soon enough | Rio Tinto misses the good old days | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 28th in 3:15 minutes. ð Roses are red, violets are blue, and bitcoin is⦠green? Join Messari Enterpriseâs Sami Kassab for [Building A Crypto ESG Framework]( on Tuesday, and find out how to use the OG crypto to help your portfolio and the environment. [Grab your ticket]( Today's big stories - Meta's quarterly results proved advertising isn't what it used to be
- Our analyst has picked out 10 portfolio must-haves for a potentially tumultuous next five years â [Read Now](
- Mining giant Rio Tinto is in a slump after last year's successes For Meta, For Worse [For Meta, For Worse] Whatâs Going On Here? Meta [posted]( a steeper-than-expected drop in both quarterly revenue and profit late on Wednesday. What Does This Mean? After [bleak]( results from fellow social media giants Snap and Twitter late last week, investors were worried that the same fate awaited Meta. They were right to be nervous: Metaâs monthly active users mightâve risen marginally across all its platforms from the same time in 2021, but more eyeballs isnât translating into more advertising revenue. Thatâll happen as companies slash budgets left, right, and center, and as Appleâs privacy updates continue to impair Metaâs ability to target the right products to the right users. That might be why the companyâs profit and revenue came as such a disappointment, and why it gave a much weaker-than-expected outlook for this quarter too. Why Should I Care? Zooming in: Meta sees you.
At least Meta is working hard to boost growth. First, it [said]( this week that it would be introducing music revenue-sharing on Facebook, which will allow creators to make money from videos that use licensed music. That should lure more users to the platform and help it compete with Chinese nemesis TikTok. And second, the company is [reportedly]( thinking about buying eye-tracking technology firm AdHawk Microsystems. That would allow it to improve its VR headset offering, which will be vital if itâs going to make good on its push into the metaverse. The bigger picture: The Fed nears the tipping point.
Meta warned investors about âmacroeconomic uncertaintyâ ahead, and it has a point: the Federal Reserve (the Fed) [hiked]( interest rates by 0.75% for the second-straight time on Wednesday. That takes them close to the âlong-run neutral rateâ â a level estimated to neither stimulate nor restrict economic growth. But since the Fed has already indicated that it wonât stop hiking until inflation is inarguably on the way back down, it might not be long before that neutral rate is a distant memory. You might also like: [Metaâs all in on the metaverse. Should you be too?]( Copy to share story: [( ð [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=For Meta, For Worse&utm_campaign=daily-global-28-07-2022&utm_source=email) Analyst Take
10 Portfolio Must-Haves For The Next 5 Years [10 Portfolio Must-Haves For The Next 5 Years]( By Theodora Lee Joseph, Analyst Youâre in for a challenging few years, that much is clear. After all, the market is in the throes of peak growth, rising interest rates, high inflation, and meager market returns. And while no oneâs entirely sure how long this environment might last, now seems as good a time as any to [prep your portfolio]( as if itâs here for the long haul. Because there are certain [stocks](, [bonds](, [commodities](, and [alternatives]( that stand to outperform the rest in a half-decade that already looks very different to the last one. So thatâs todayâs Insight: [the 10 must-haves for the next 5 years](. [Read or listen to the Insight here]( SPONSORED BY CHANGE Staking just got simple [Staking]( is one of the most popular ways to [make money from crypto](. And now you can start [staking without the stress](: it just takes a couple of taps to stake your crypto assets on [Change](, and youâll soon be racking up some [sweet rewards](. Thatâll really add up over time: [Change]( automatically adds your rewards to your staked balance every day, which will [compound]( the amount youâll earn the next day. You can stake and unstake your crypto at any time too: [Change]( is one of very few platforms that wonât lock up your tokens, giving you [total control]( over your funds. [Discover stress-free staking with Change](. [Find Out More]( Mine, All Mine [Mine, All Mine] Whatâs Going On Here? Rio Tinto â the worldâs second-biggest miner â [reported]( on Wednesday that its profit dropped off a cliff in the first half of the year. What Does This Mean? Rio Tinto was in an enviable position last year, with metal prices on the up and up as manufacturers returned to full strength. But now that a global recession is rearing its ugly head, theyâve come tumbling back down: the price of iron ore â the steelmaking ingredient that Rio Tinto relies on to make most of its money â has halved since this time last year. Rioâs mining costs have risen too, with the prices of everything from diesel to explosives going through the roof. All this came to a head in the first half of the year, when Rioâs profit dropped 29% from the record haul of the same time in 2021. Why Should I Care? For markets: Will Rio go shopping?
This was such a blow, in fact, that Rio said it would pay out âjustâ 50% of its profits to its shareholders in the form of dividends â down from the 65% average of the past three years. Itâs still the minerâs second-biggest half-year payout on record, mind you, and itâll leave Rio with plenty of spare cash on its balance sheet. Some analysts even think itâll start buying up other, less financially secure companies in the sector, which isnât outlandish: the company showed itâs keen to double down on the green energy transition by buying a lithium mine last year, as well as [offering]( to buy out copper producer Turquoise Hill Resources entirely. The bigger picture: Itâs only getting tougher.
Then again, Rio might want to hold onto that nest egg. For one thing, the economic slowdown is only expected to get worse, with the International Monetary Fund this week [slashing]( its 2022 global growth forecast for a third time to 3.2% ([tweet this](). And for another, Goldman Sachs thinks the supply of Rioâs all-important iron ore will overtake demand in the second half of this year. You might also like: [What Goldmanâs recession manual is telling us about this one.]( Copy to share story: [( ð [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=Mine, All Mine&utm_campaign=daily-global-28-07-2022&utm_source=email) ð¬ Quote of the day âThings start out as hopes and end up as habits.â â Lillian Hellman (an American playwright, prose writer, and screenwriter) [Tweet this]( SPONSORED BY INVESTOR PLACE And this yearâs top stocks are⦠Louis Navellierâs a dab hand at spotting the [stocks that are ready to rally](. Just check out his track record: his algorithm found Apple at $1.49, Microsoft at $0.38, and Cisco at $0.47. And it just so happens that Navellierâs finished picking [his top stock picks]( for this year, and heâs ready to [share them with you for free](. [Discover Louis Navellierâs top stock picks for free today](. [Download The Report]( Please see [important disclosures here](. When you support our sponsors, you support us. Thanks for that. ð¯ On Our Radar - Welcome to dystopia. Take a look at Saudi Arabiaâs [100-mile long smart city.](
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