The Fed wants fewer jobs | Chipmaking's big dog overshadowed the little guys | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 10th in 3:09 minutes. ð¡ Buying a house might be harder than ever, but making money from real estate sure isnât. Join us for [The Pathway To Property Investing In 2022]( on Tuesday, and find out how investing in real estate could help fund your âdream homeâ savings pot. [Grab your free ticket]( Today's big stories - The US jobs market continued to show strength in September
- Here's how you can make money from ETFs in your sleep â [Read Now](
- Chipmaker TSMC defied the industry slump to post bumper quarterly sales US Employmentâs Still Riding Too High [US Employmentâs Still Riding Too High] Whatâs Going On Here? Data out on Friday [showed]( that the US economy added more jobs than expected last month. What Does This Mean? There had been a couple small signs that the Federal Reserveâs (the Fed) aggressive interest rate hikes might've started chilling the hot-to-touch jobs market down. For one, data out earlier in the week showed that cautious employers slashed more than a million job openings in August â one of the biggest drops in two decades. And for another, Fridayâs report showed the US added only 263,000 jobs in September, the lowest monthly figure since April 2021. But thatâs still not enough: demand for workers has calmed down a bit, but many businesses are still under-staffed, and forced to compete for workers in whatâs still a shrinking labor force. That might be why the handy litmus test of wage growth â something the Fedâs trying to tame to help rein in inflation â still came in at a strong 5% versus the same time the year before. Why Should I Care? The bigger picture: The Fed wants to fire you.
The unemployment rate unexpectedly fell to a new 50-year low of 3.5% last month. But with the Fed's prediction for that figure to hit 4.4% next year, there's a good chance the central bank will take action to make that reality. After all, itâs said that taming inflation wonât just require âbelow-trendâ growth, but straight-up job losses. Thatâs why most traders are now pricing in a fourth-straight 0.75 percentage point hike next month. For markets: Investors say yikes.
The S&P 500 fell when the news broke, as investors anticipated even more pain for US companies and the wider economy. And that might not be the end of the turmoil for a market that's just seen its worst September in 20 years: a slew of banks from Goldman Sachs to HSBC [reckon]( the index will be lower at the end of the year than it is now. You might also like: [How to invest when everything is falling.]( 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=US Employmentâs Still Riding Too High&utm_campaign=daily-global-10-10-2022&utm_source=email) Analyst Take
Early Birds Are Great, Sure, But Stocks Love A Night Owl [Early Birds Are Great, Sure, But Stocks Love A Night Owl]( By Luke Suddards, Analyst The early bird is known to get the worm, but it often pays to be [an investing night owl](. See, something happens between the time the New York Stock Exchange closes for the night and opens the next morning â and whatever it is, [it tends to nudge stocks higher.]( In the market, itâs often referred to as [the ânight effectâ](. And now [a new exchange-traded fund]( is seeking to capitalize on those after-hour gains. Thatâs todayâs Insight: [how a new ETF could make you money while you sleep](. [Read or listen to the Insight here]( Represent the new era of investing The second annual [Finimize Modern Investor Summit]( will celebrate the new era of investing. So if your brand or product is helping to create the next generation of investing opportunities, our summit is the ideal place to [showcase your potential](. [Feature your product during speaker slots](, fireside chats, and expert panels, and youâll be able to [directly engage with an engaged audience]( and demonstrate your brandâs true power. Thousands of retail investors attended the [Modern Investor Summit]( last year, so donât miss your chance to [get your product in front of our community]( this December. [Put your brand in the spotlight](. [Find Out More]( TSMC Wins When The Chips Are Down [TSMC Wins When The Chips Are Down] Whatâs Going On Here? TSMC â the worldâs biggest contract chipmaker â bucked a wider chip industry slump to [report]( bumper quarterly revenue growth on Friday. What Does This Mean? The $550 billion chip industry has seen better days, with chipmakers across the board warning of stock buildups and customers cutting back on orders. Thatâs prompted Micron Technology and Kioxia Holdings to cut output, in the hopes of fending off a price crash. Add in AMDâs third quarter sales missing estimates by over $1 billion, and Samsung Electronics reporting its first drop in profit since 2019, and the overall picture looks pretty grim. But while rivals are floundering, TSMC â the worldâs most advanced maker of silicon chips â has smugly expanded its already impressive market share. The company declared a better-than-expected 48% uptick in revenue versus the same quarter last year â notching up $19.4 billion over the three months in question. Why Should I Care? Zooming in: How do you like them Apples?
As Appleâs chipmaker-in-chief, TSMC has bagged tons of big contracts providing chips for the world-famous firm's cutting-edge devices. But now that disappointing demand is reportedly prompting Apple to nix plans for increased iPhone production, revenue streams from electronics no longer look as promising. TSMC isnât waiting for them to dry up though: the Taiwanese firm has been looking for growth in other areas like chips for cars, betting on booming demand as more and more vehicles become reliant on digital technology. The bigger picture: Lucky for some.
Itâs likely that the industry-wide slowdown will eventually come knocking on TSMCâs door too. But when it does, these promising results â and TSMCâs huge industry clout â mean itâll probably receive a feeble tap rather than the outright thumping some competitors have taken. Whatâs more, any trouble could be brief: analysts at Morgan Stanley projected last week that the semiconductor industry would return to growth as early as the second half of 2023. You might also like: [How you can work out what TSMCâs stock is worth.]( 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=TSMC Wins When The Chips Are Down&utm_campaign=daily-global-10-10-2022&utm_source=email) ð¬ Quote of the day âFirst love is a kind of vaccination which saves a man from catching the complaint a second time.â â Honoré de Balzac (a French writer) [Tweet this]( CHART OF THE WEEK Renewable energy might make headlines, but it doesnât have quite as high a profile when you look at overall energy consumption. After all, weâre still mostly living off dirtier gas, oil, and coal. And while there is a lot of opportunity for new tech to lead the way, those stats make sense when you consider how far behind the world is when it comes to green energy investments. In fact, experts say the world needs to be spending $4 on renewables for every $1 we spend on high-polluting energy by 2030 to even have a chance of reaching net-zero by 2050. But given that we havenât even reached a spending ratio of 1:1 yet, thereâs a long way to go. Created with [Genuine Impact](. ð Finimize Live 𥳠Coming Up This Week All events in UK time. ð¡ [The Pathway To Property Investing In 2022](: 12pm, October 11th
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