US jobs jumped more than expected| IAG aced it | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 8th in 3:14 minutes. ð We promise weâre not slacking off at Finimize HQ. But the kingâs coronation means weâve got another public holiday, and kicking back is essentially a patriotic obligation. Weâll be back in your inbox the very next day. Today's big stories - The US economy added more jobs than expected once again in April
- Our analyst busted ten dangerous but common investing myths â [Read Now](
- IAG sees clear skies ahead this year Working Wonders [Working Wonders] Whatâs going on here? Data out on Friday [showed]( that the US added more jobs than expected again last month. What does this mean? The US economyâs grappling with regional bank woes and a good old-fashioned slump right now â but the jobs market appears to have missed the memo. A whole 253,000 jobs were added last month, leaving the modest prediction of 180,000 in the dust. And sure, some businesses hit the brakes on hiring or showed workers the door, but others were still trying to fill empty office chairs with sweet, sky-high salaries. Thatâs probably why average hourly wages outpaced Aprilâs expectations â clocking in at 0.5% monthly and 4.4% annually. Why should I care? The bigger picture: Chin up. This may not be the news the Federal Reserve (the Fed) hoped for, especially days after hinting at a pause in interest rate hikes. But letâs look at the bigger picture: data suggests that estimates for previous months were somewhat overblown, meaning the Fedâs efforts might just be cooling the red-hot market slowly but surely. Plus, tighter lending conditions will take time to make themselves felt â and the central bank holding rates at their highest since 2007 is almost destined to leave its mark too. So, while some say the Fed might have to step in again, thereâs still a solid chance it can just stay the course. Zooming out: Matter of life and debt. The US has a short-term issue on its mind too. See, the nation routinely spends beyond its means, and it issues bonds to make up some of that shortfall. But the spendthrift governmentâs already hit its borrowing limit â and thatâs got it scrambling to raise the so-called âdebt ceilingâ. If politicians canât pull that off, Uncle Sam could [wind up]( cash-strapped, jeopardizing millions of jobs and grinding welfare payments and infrastructure projects to a halt, and putting a dent in financial markets too. You might also like: [Get ready for a hard landing: why a recession may be all but unavoidable now.]( Copy to share story: [/working-wonders]( 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=Working Wonders&utm_campaign=daily-global-08-05-2023&utm_source=email) Analyst Take
Ten Dangerous Investment Myths: Busted [Ten Dangerous Investment Myths: Busted]( By Theodora Lee Joseph, Analyst Especially in this digital age, there are charlatans, fear-mongering news, and [wrong assumptions]( lurking around every corner. Some of them are easy to spot, but many of them â often with an ounce of truth behind them â [work their way into our psyches](, even if weâre not aware of it. And because those [false beliefs]( could hinder your success, Iâve gone ahead and [busted ten of the most risky ones]( to help keep you straight. So thatâs todayâs Insight: [Iâve busted ten of the most dangerous â but common â investing myths](. [Read or listen to the Insight here]( SPONSORED BY RAISIN Ray Dalio is famous for saying that âcash is trashâ Thatâs a controversial statement, especially now that plenty of investors are stashing the stuff. So Raisinâs cofounder Kevin Mountford put Dalioâs iconic quote into context: while cash has always played [an important role]( for investors, the last few years have seen stocks steal the focus. But in times like these, [holding cash]( can be a savvy way to keep your flexibility and hold onto some value while markets are turned on their heads â especially if youâre in the UK. And if youâre looking to store some notes, you can [open and manage multiple savings accounts]( from specialist banks and building societies with [Raisin UK](âs one-stop-shop platform. That means you can [pick the perks that suit your goals](. And whatâs more, you can choose from flexible easy access accounts or lock in for longer with fixed-term plans starting at just [three months](. That gives your faster access to your money â and to [Raisinâs multiple savings tools and platforms]( â on your terms. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Wingedfall [Wingedfall] Whatâs going on here? Airline group IAG [upped]( its profit outlook for the year on Friday, after a high-flying first quarter. What does this mean? The first quarter is usually a bumpy ride for IAG and its ilk, who count on lively, jet-setting Easter and summer seasons to balance out the lull in quieter months. But this time IAG bucked that trend, thanks to cheaper fuel and hot demand, helping ticket prices outpace inflation. The outcome: a surprise profit for the owner of British Airways, Iberia, and Vueling â the first time itâs wrapped the first quarter in the black since 2019. And with the quiet season in the rearview, IAG sees a booming period ahead: after all, a staggering 80% of this quarter's projected sales are already booked â and while mojito-sipping tourists will be filling most of those seats, the suited-and-booted crowdâs slowly making a comeback. That had IAG feeling pretty chipper, upping its profit forecast for the whole year. Why should I care? Zooming in: Summertime gladness. IAG's optimism isnât unique, with fellow European heavyweights Air France-KLM and Lufthansa also celebrating robust results and promising summer forecasts. And tourists need somewhere to snooze and to salve their sunburn, so hotels are winning too: IHG â the owner of Holiday Inn â is a case in point, posting some impressive first-quarter results last week. Just how much the â[White Lotus effect](â has helped is anyoneâs guess, but one thing is clear: inflation can sear and economies might bow, but folks will fly come rain or shine. The bigger picture: Goodbye, weekend breaks. The near futureâs looking bright, but airlines are confronting a daunting long-term challenge: decarbonization. See, aviation creates 2.5% of global CO2 emissions, and airlines are under pressure to hit net-zero targets by 2050 â which could cost almost $1 trillion. Someoneâs going to have to foot that bill, and that might bring the era of low-cost airfares to a close⦠You might also like: [The highs and lows of investing in the airline industry.]( Copy to share story: [/wingedfall]( 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=Wingedfall&utm_campaign=daily-global-08-05-2023&utm_source=email) ð¬ Quote of the day "It takes as much energy to wish as it does to plan." â Eleanor Roosevelt (a social activist and first lady) [Tweet this]( SPONSORED BY THE TRADING PIT Unlock, understand, and adapt elite tradersâ psychological strategies The best investors in the world have something you canât bottle: [time-tested, honed psychology](. See, you might think tradingâs all about hard numbers and smart analysis, but itâs got a lot to do with your [psychological approach]( too â say, how you use greed and fear to [make decisions](. So sure, itâs a shame you canât just open up Warren Buffettâs brain and take a look at the writing on the wall. But you can get the next best thing: [elite trading strategies compiled in a free ebook](. Experts have shared their [biggest lessons]( â taken from years of hurdles, failures, and recoveries â with [The Trading Pit](, and revealed how they [make the decisions that keep them at the top](. You can [unlock all those learnings for free in The Trading Pitâs ebook](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. ð¯ On Our Radar 1. Chimp chatter. Turns out our clever great ape cousins can [combine meanings]( in their calls. 2. Real estate, marketplace tech, and smart window shades. Five startup CEOs just pitched their businesses, and you can [watch the session here](.* 3. The music that dispels nightmares. A simple [piano chord]( can banish your night-time scares. 4. Apples to oranges. Hereâs why the EU could end up banning [iPhone sales](. 5. The bartenders are watching. And theyâre judging your [cringey dates](. When you support our sponsors, you support us. Thanks for that. ð Finimize Live 𥳠Coming Up Soon... All events in UK time. â¡ï¸ [The Great Energy Transition](: 5pm, May 16th
ð¡ [Is It A Good Time To Invest In Real Estate?]( 5pm, May 17th
ð [Alternative Ways To Invest In Real Estate](: 1pm, May 18th ð And After That... â
[Three Industries That Thrive In A Downturn](: 5pm, May 23rd
ð [A Beginners Guide To Prop Trading](: 5pm, May 25th
ð [Modern Investor Summit 2023](: 12pm, December 5th and 6th â¤ï¸ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} ð Weâd love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Midjourney | . Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails ð´ Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](