❣️ JPMorgan’s bleeding heart

JPMorgan rushed to rescue First Republic | Amazon’s still slimming down | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for March 22nd in 3:03 minutes. 🔮 ChatGPT’s smart, but it can’t really predict the future (…yet). So join WisdomTree’s Christopher Gannatti for [What Will Be The Next Big Thing In Artificial Intelligence?]( this Wednesday, and get some old-school human insights about where AI might go next. [Get your free ticket]( Today's big stories - JPMorgan’s leading the charge to save First Republic – but not out of pure generosity - Here's how you could invest in the middle of a bank storm – [Read Now]( - Big Tech kept downsizing, with Amazon nixing another 9,000 jobs Banking On JPMorgan [Banking On JPMorgan] What’s Going On Here? JPMorgan continued its long tradition of riding to the [rescue]( of the embattled banking sector. What Does This Mean? A series of poor decisions and a stampede of frenzied withdrawals sparked a financial disaster: that's not the story of the current banking turmoil, it’s how the 1907 financial crisis played out. Back then, a group of influential Wall Street titans swooped in to save the banking system, spearheaded by none other than John Pierpont Morgan. Fast forward 116 years, and it’s JPMorgan heading up yet another financial rescue mission. This time the firm has rallied its Wall Street comrades to extend a $30 billion lifeline to First Republic Bank, an institution caught in the eye of the current financial storm. Why Should I Care? Zooming in: Ulterior motives. JPMorgan’s CEO Jamie Dimon is a businessman first and foremost – so you can be sure he’s not getting involved out of the kindness of his heart. He could be intervening to keep the bank alive long enough to take its clients. (First Republic does have a nice roster of high-flying customers). Or he might be genuinely worried about a spillover: after all, even smaller banks can create shockwaves strong enough to shake the behemoths. The bigger picture: A $20 trillion problem. Financial pundits seem to have a one-size-fits-all solution to the banking blues: just have the Federal Reserve (the Fed) whip out a blank check, guaranteeing all bank deposits everywhere in the US. And sure, the mere promise alone could very well slam the brakes on withdrawals – possibly sparing the Fed from coughing up a single penny. Thing is, there’s almost $20 trillion in US bank deposits nationwide. And while the chances of everyone rushing to yank their cash out are virtually zilch, in a world of wild hypotheticals, it could happen – and not even Uncle Sam has pockets deep enough to cover that. You might also like: [Bitcoin is having a “told-you-so” moment.]( 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=Banking On JPMorgan&utm_campaign=daily-global-22-03-2023&utm_source=email) Analyst Take The Two Big Risks Ahead For US Banks, And What It All Means For Your Portfolio [The Two Big Risks Ahead For US Banks, And What It All Means For Your Portfolio]( By Russell Burns, Analyst It’s too bad there’s not a live-mapping app for [navigating financial-sector turmoil](. US policymakers could sure use one now, as they try to make their way around the [road hazards and breakdowns]( hitting the country’s regional banks. Without one, they’re forced to rely on dusty road maps left over from their previous journeys, with [no guarantee]( they’ll get where they’re hoping to go. That’s today’s Insight: [the two big risks ahead for banks, how policymakers are navigating, and what it all might mean for your portfolio.]( [Read or listen to the Insight here]( SPONSORED BY E3 LITHIUM This firm could fuel the electric revolution Alberta’s known for a few things: oil, cattle, and awe-inspiring national parks. But the Canadian province may soon be on the map for a new reason: [lithium](. See, [E3 Lithium]( is working toward the production of [high-purity, battery-grade lithium products](. Lithium – a key [electric vehicle battery component]( – has been in high demand and low supply lately, leaving prices hot-to-touch. That should be promising for [E3’s future](. The firm’s planning to use less than 3% of the land that typical lithium projects use, so it could be [a real trailblazer](. No surprise for a firm headed up by [one of Canada’s top EV entrepreneurs](. Just recently, in fact, [E3 announced the upgrade of its mineral resource](. That’s a big deal: the firm currently has the [biggest measured and indicated lithium resource in Canada](. [Read more about E3’s potentially industry-shaking plans here](. [Find Out More]( This content is for US investors who can take a position on the TSX Venture Exchange, OTCQX or Frankfurt Stock Exchange only. 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Investing is inherently risky and capital is at risk. Past performance is not indicative of future results. Cutting Down The Amazon [Cutting Down The Amazon] What’s Going On Here? Big Tech’s break rooms keep getting barer and barer, with first Meta and now [Amazon]( axing even more employees. What Does This Mean? Cutting costs is a bit like going on a health kick: painful at the beginning, but surprisingly easy once you get into the swing of it. And since Big Tech never really had to tighten its belt before, it’s no surprise these titans have discovered a whole treasure trove of cost-saving opportunities now they’ve gone looking for them. Take Amazon: the firm announced it’s laying off 9,000 more employees, bringing the running total to 27,000. And while that sounds like a hefty figure already, “the everything store” could be gearing up for even more as it doubles down on getting into tip-top shape. Why Should I Care? Zooming out: The biggest loser. Meta's own fresh layoffs mean it’s leading the sacking pack, with around 25% of its total workforce shown the door. But shedding that kind of fat could be tricky for Amazon, which has 800,000 hard-working warehouse employees on its books. Still, imagine that Amazon could pull off axing 20% of its workers – that’s more than 300,000 of them – using, say, robotic technology. That would be bad news for an awful lot of people, of course. But taking the average US salary as a guide, the move could more than double Amazon’s profit margin, currently sitting at less than 3% ([tweet this](). The bigger picture: How slow can you go? Visions of beefed-up profit margins have got some investors salivating, but they might lose their appetites if Big Tech’s slower sales growth turns into a permanent fixture. See, analysts expect revenues from the likes of Meta and Amazon to speed up next year, and with costs trimmed down, that could cause profit to explode. But if revenue doesn’t accelerate, shareholders could easily dump their shares – or demand even deeper cuts. You might also like: [How to pick tech stocks using the rule of 40.]( 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=Cutting Down The Amazon&utm_campaign=daily-global-22-03-2023&utm_source=email) 💬 Quote of the day “Most conversations are simply monologues delivered in the presence of witnesses.” – Margaret Millar (an American-Canadian mystery and suspense writer) [Tweet this]( Meet your future community Let’s face it, even the best brands need a little push to [reach the right audience](. Our [one-million-strong community of modern investors]( is clever, clued-in, and keen to learn. In short, they’re exactly the type of folk you want to reach. 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