US prices are still on the up | EasyJetâs poised for another annual loss | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 14th in 3:10 minutes. ð¤©Â Cathie Woodâs not only an all-star, world-famous investor, sheâs also the latest guest to join our [Modern Investor Summit]( lineup. So if you want a chance to catch up with Cathie herself, go ahead and [grab your free ticket here]( Today's big stories - US inflation was even worse than expected last month, despite the Federal Reserve's best efforts
- Here's what news you should watch (and not watch) this earnings season â [Read Now](
- EasyJet warned it's flying toward its third consecutive full-year loss US Prices Pile Up [US Prices Pile Up] Whatâs Going On Here? Fresh data out on Thursday [showed]( that US consumer prices rose more than expected last month. What Does This Mean? The Federal Reserve (the Fed) might be aiming its rate hikes at inflation, but the only thing it seems to be hitting right now is the economy: after raising rates five times this year, the combined three-percentage-point bombardment has left markets riddled with more holes than Swiss cheese â while inflationâs stayed relatively unscathed. And sure, inflation has dropped off in areas like energy and used vehicles, but the overall price of goods and services rose by 0.4% between August and September, double the 0.2% economists were expecting and up 8.2% on September last year. Shelter, food, and medical care were the biggest contributors to that gain, which â with inflation-adjusted average hourly earnings down 3% from last year â could make ordinary life extraordinarily expensive. Why Should I Care? For markets: Better to fear too far than trust too far.
Minutes from the Fedâs meeting were released earlier this week, and they show that one philosophy reigns supreme: itâs better to do too much rather than too little in the fight against inflation. Translation: thereâs plenty more where those hikes came from, especially with prices still on the rise. Traders, already betting on a 0.75 percentage point hike next month, now predict another one come December â which could explain why the S&P 500 dropped when Thursdayâs inflation data emerged. The bigger picture: Winter is coming.
Energy prices might have eased off last month, but that doesnât mean households will have it easy compared to previous winters. In fact, the Energy Information Administration (EIA) predicts that higher prices and an especially frosty winter will drive household energy bills skyward. It expects that people who heat their homes with natural gas â over half of US households â will pay 28% more this winter than last, while households that rely on electricity will see an uptick of 10%. You might also like: [Three hard truths about the next financial crisis.]( 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 Prices Pile Up&utm_campaign=daily-global-14-10-2022&utm_source=email) Analyst Take
What To Watch (And Not Watch) This Earnings Season [What To Watch (And Not Watch) This Earnings Season]( By Paul Allison, Analyst Fearful investors might well be watching the [upcoming earnings season]( from behind the sofa. But with cracks showing in the financial system, itâs sure to be [an action-packed feature]( if youâre brave enough to keep your eyes open. So grab your popcorn, and maybe prepare for a couple of jumpscares: Paulâs picked out the bits of earnings season that [you just canât miss](. So thatâs todayâs Insight: [what you should pay attention to â and what you can fast-forward through â this earnings season](. [Read or listen to the Insight here]( SPONSORED BY UPEXI Finally, a brand aggregator that you can invest in Itâs easy to start an online business these days. But growing it to peak levels is no small feat. Youâre taking on product development, marketing, and distribution⦠to name just a few. There are tons of small brands with great ideas and healthy sales. They just lack the resources to scale to their potential. And thatâs where [brand aggregators like Upexi]( shine. Upexi [buys brands, grows sales, and cuts costs](, which means more profit. Put a bunch of these brands together, and you have a diversified portfolio â one that you have the chance to invest in. Thatâs kind of a big deal: brand aggregators are usually private companies. And the private ones alone have [raised over $12 billion](: the market is big, and itâs growing. Upexi, though, is [listed on the Nasdaq (ticker: UPXI)](. Now could be the perfect time for you to get involved. [Find Out More]( Disclaimer: This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for Upexi (NASDAQ: UPXI) from Interactive Offers and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of Upexi, totalling $23,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Interactive Offers or Upexi. Finimize and its principals have no ownership in Upexi. The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results. More Turbulence for EasyJet [More Turbulence for EasyJet] Whatâs Going On Here? EasyJet [warned]( on Thursday that itâs set to make a loss for the third year in a row. What Does This Mean? A spoonful of sugar helps the medicine go down, so letâs start with EasyJetâs good news: July to September was a busy period for the airline, with jet-setting vacationers taking over 26 million flights with the carrier. And that figure â 88% of 2019âs pre-pandemic levels â was enough for EasyJet to net a healthy profit in the quarter. Now for the medicine: that high-flying period wasnât enough to make up for a bunch of flight cancellations and Covid restrictions that ate away at profit earlier in the year. And when you factor in the effect of the surging dollar (many of the airlineâs costs are paid for in the greenback), itâs no wonder that EasyJet expects to post a pre-tax loss of as much as £190 million ($210 million) for this financial year. Now, there are some signs that strong demand will continue into this winter and next summer â but not enough to placate investors about whatâs set to be EasyJetâs third straight annual loss. Why Should I Care? For markets: Vacay decay.
It looks like Europeans are still living their best lives: not one major airline in the region has reported declining bookings despite widespread economic turmoil, and EasyJetâs arch rival Ryanair actually reported that September was its third busiest month ever. That said, analysts think current strong demand could be short-lived, which might explain why Ryanair and EasyJetâs share prices have fallen by around 50% this year. The bigger picture: Bye bye, small fry.
Analysts at Bernstein [predict]( that Europeâs weaker airlines might not make it through this winter, as countries that rescued carriers during Covid begin to focus their financial efforts on more pressing problems. Thatâs good news for big fish like EasyJet and Ryanair: they can move in and hoover up customers that collapsing airlines leave behind. You might also like: [The highs and lows of investing in the airline industry.]( 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=More Turbulence for EasyJet&utm_campaign=daily-global-14-10-2022&utm_source=email) ð¬ Quote of the day âThe world is round and the place which may seem like the end may also be only the beginning.â â Ivy Baker Priest (an American politician) [Tweet this]( Time for you to meet Cathie Wood It wouldnât be a Finimize [Modern Investor Summit]( without some finance VIPs. Good thing, then, that youâll soon be hanging out with Ark Investâs Cathie Wood and Ellevest CEO Sallie Krawcheck â all you need to do is [snap up a free summit ticket](. Cathie and Sallie have more in common than their rhyming names: theyâve beaten the investing odds for four decades, and own empires that help modern investors [achieve financial freedom](. And since you can never have too much expert knowledge, weâre giving away ten copies of The Intelligent Investor. Just [register for a ticket]( before midnight on October 16th for a chance to win. [Grab your free book and virtual summit ticket today](. [Grab A Ticket]( ð¯ On Our Radar - Party like Musk. The worldâs richest manâs [wacky social calendar](.
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