💳 Paypal lost investors and gained friends

The US needs a break | PayPal’s update spooked investors | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 7th in 3:12 minutes. 💸 Want to make smarter investment decisions? Now you can develop your financial know-how with [6 months of free Finimize Premium](, and unlock ultimate financial power with [3 months of free Revolut Premium]( too. We’ll even give you £10 (or equivalent) [just for signing up](.  [Get it all for free today]( Today's big stories - The US added more jobs than expected again last month - Here are three reasons why Ethereum could be bigger than Bitcoin – [Read Now]( - PayPal's results update made investors head for the exit, despite its flashy new partnership Perspective Matters [Perspective Matters] What’s Going On Here? Data out on Friday [showed]( the US added more jobs than expected last month, but there are always two sides to every story. What Does This Mean? The Federal Reserve (the Fed) hiked interest rates by 0.75 percentage points for the fourth-straight time last week, describing the jobs market as “overheated” at the time. And Friday’s jobs report didn’t prove it wrong: the US added 261,000 jobs last month, trumping the 193,000 economists expected ([tweet this](). And because the competition for jobs has been fierce, companies bumped their average hourly earnings up a higher-than-expected 0.4% from September to attract workers. That’ll fire up blazing inflation, not least because those businesses will likely hike their prices to make up the difference. But there was a whisper of hope: that gain was the slowest uptick since December 2020, and the unemployment rate ticked up to 3.7% after hitting a 50-year low in September. Why Should I Care? For markets: Gird your loins. There are [cracks]( showing up all over the job market, with even industry titans like Amazon and Apple announcing that they’re halting hiring for corporate roles. Others are taking an outright ax to the problem: Lyft and Stripe are gearing up to cut 13% and 14% of their workforces respectively – and that’s only the start. Now, the Fed has said it’s hoping for a drop in job openings rather than job losses, but the central bank – currently on its most aggressive rate-hiking campaign since the 1980s – will take whatever it can get. The bigger picture: Lucky for some. The Fed will be cursing the resilient jobs market for making it nearly impossible to calm swelling wages and inflation, but the US government has a different view. See, it’s repeatedly touted the strong jobs market as an indicator of a robust economy, so Friday’s data – the last major economic report to drop before key midterm elections next week – will only put more wind in its campaigning sails. You might also like: [Here’s where Blackstone sees opportunities now.]( 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=Perspective Matters&utm_campaign=daily-global-07-11-2022&utm_source=email) Analyst Take Bitcoin Is King Now, But Ethereum Has Its Eye On The Crown [Bitcoin Is King Now, But Ethereum Has Its Eye On The Crown]( By Jonathan Hobbs, Analyst With the crypto market rallying, you might be wondering whether bitcoin is still the best long-term investment – or whether ether will give you [more bang for your buck](. And look, bitcoin’s great: its market dominance to this point [cannot be disputed](. But I’ve got [three reasons why]( ether could be poised not only to grow more, but to even [overtake the OG crypto]( some day. That’s today’s Insight: [is Ethereum destined to be bigger than Bitcoin?]( [Read or listen to the Insight here]( Finimize x Revolut Pretty good stuff, right? Our analysts write Insights like this every day, and you can read every single one of them with [Finimize Premium](. There’s no better time to get started: our new partnership means you can get [six free months of Finimize Premium]( and [three free months of Revolut Premium]( if you [sign up for Revolut today](. We’ll even send you £10 (or equivalent) to your Revolut account to get you started. SPONSORED BY UPEXI Unlock tomorrow’s biggest business opportunities Good business ideas are a dime a dollar. Good business models are harder to come by: after all, you’ll need a strong strategy and an even stronger balance sheet if you want to really establish your brand. Enter [Upexi (ticker: UPXI)](: the brand owner and aggregator buys profitable businesses and finds the right specialist to[transform their operations](, setting them up for [higher revenue and profit](. So by investing in Upexi (one of the few public brand aggregators that you can invest in), you’d [stake your claim in a diversified bunch of companies]( that are headed toward a pretty profit. [Get a piece of tomorrow’s biggest businesses with Upexi](. [Check Out Upexi]( 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. PayPal’s Pay Pal [PayPal’s Pay Pal] What’s Going On Here? Paypal's results [update]( didn't quite hit the target late last week, but its blossoming tech friendship might bode well for the future. What Does This Mean? You don’t have to be a genius to guess that companies like PayPal would suffer when spending’s on the decline, and this time, common sense is on the money: the company processed a disappointing 14% more payments by value last quarter versus the same time the year before. In fairness, PayPal's focus on marketing towards existing customers was worth the work, with active accounts making 13% more transactions, helping revenue and profit beat analysts' expectations. But that’s where the good news ends: the firm warned it wasn’t hopeful about US ecommerce this festive season, and slashed its full-year outlook. So although PayPal vowed to cut costs through layoffs and office closures, unimpressed investors still sent shares plunging 11% in the wake of the news. Why Should I Care? Zooming in: The Apple of its eye. PayPal did have one trick up its sleeve to keep investors engaged: it [announced]( a deal with Apple that’ll see each firm integrate the other’s offerings into its own payment systems. That’s a big deal: it means that debit cards issued by PayPal and its offshoot Venmo will now be accepted in Apple Wallet. That’ll let shoppers tap away anywhere Apple Pay is accepted – potentially a lucrative deal for PayPal, given that Apple's service [accounts]( for an estimated 5% of all card payments worldwide. The bigger picture: Misery loves company. PayPal’s not the only one anticipating a blue Christmas this festive season: Mastercard also forecast weaker-than-expected growth for this quarter, as did PayPal’s old bedfellow eBay. Even Amazon, a retail industry bellwether, isn’t too optimistic, as hard-hit consumers cut back on spending. In fact, the National Retail Federation [thinks]( sales in November and December will only rise between 6 and 8% from last year – a decline in real terms when you factor in inflation. You might also like: [How you can work out what PayPal’s really worth.]( 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=PayPal’s Pay Pal&utm_campaign=daily-global-07-11-2022&utm_source=email) 💬 Quote of the day “Take away the miseries and you take away some folks’ reason for living.” – Toni Cade Bambara (an American writer, civil-rights activist, and teacher) [Tweet this]( Connect your brand with the next generation of investors Our one-million-strong international [financial community]( has some big plans. They want to [develop their investing skills]( and discover expert tools that could help them trade better, all in a bid to achieve their dreams of financial freedom. [Your brand could help them]( do just that: whether you provide information, tools, or tricks, you could help retail investors around the world make smarter decisions. So showcase your mojo in this very spot, and introduce yourself to over a million engaged investors – you might even help us change the world of finance for the better. [Get in touch today](. [Get Your Name Out There]( TODAY'S TRENDING TOPIC The last earnings season was a rough one for Big Tech – well, almost all of Big Tech. Apple managed to buck the tumbling trend, and things are only getting better for the industry goliath: Apple is now worth more than Google, Amazon, and Meta combined. Get more of the insights you love: [follow Finimize on LinkedIn here](. [Check It Out]( 🌍 Finimize Live 🥳 Coming Up This Week… All events in UK time. 💰 [Strategies For Market Volatility](: 1pm, November 8th ✨ [How To Profit From Special Situations As A Value Investor](: 5pm, November 9th 🔧 [Tools Value Investors Use For Turbulent Times](: 6pm, November 10th 🔥 [How To Build Better Financial Habits In Your 20s & 30s](: 3pm, November 11th 👀 And After That… ♻️ [How To Build An Eco-Friendly Crypto Portfolio](: 1pm, November 14th 💥 [How To Diversify During High Inflation](: 6pm, November 14th 🐻 [How To Survive A Crypto Bear Market](: 7pm, November 15th ✅ [How To Successfully Invest In Dividend Stocks](: 6pm, November 22nd 🚀 [2023 Outlook: What’s Next For Crypto?](: 6.30pm, November 23rd (in person, London) 🌍 [Finding Opportunities In A Challenging Market With BlackRock](: 1pm, December 2nd 🇦🇪 [The Modern Investor Opening Party In Dubai](: 6pm, December 6th 🎉 [Modern Investor Summit](: 12pm, December 6th – 7th 🎯 On Our Radar - Rise of the machines. 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