🏁 Uber-profitable

Uber finally joined the profit-making club | Toyota set a new record | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for August 2nd in 3:10 minutes. 🎤 Get a front-row seat to the future of finance. Join eToro's Lule Demmissie and TradeStation's John Bartleman for [Future Of Finance: Building Investment Platforms For The Modern Era]( on August 23rd, and find out how the world’s biggest investment platforms are built these days. [Get your free ticket]( Today's big stories - Uber turned its first-ever quarterly operating profit - Here’s where T. Rowe Price is finding stock opportunities now – [Read Now]( - Toyota’s quarterly profit boomed – but China’s still proving stubborn Fare’s Fair [Fare’s Fair] What’s going on here? Uber’s been burning rubber, [posting]( its first-ever operating profit last quarter. What does this mean? Even as prices are climbing, it seems consumers aren’t ready to give up the convenience of hailing rides and ordering takeout. Instead, they’re doing it with more gusto than ever. And Uber – well, it’s been more than happy to meet that sky-high demand. With driver numbers back to pre-pandemic levels, the company was in the fast lane last quarter. The result: a 26% jump in trips on the platform, record-breaking ride-hailing bookings, and food delivery orders at an all-time high. Throw in some savvy cost controls, and Uber cruised to its first operating profit. After years of chasing growth, that switch to profitability is a milestone worth honking about. Why should I care? For markets: No Lyft-off. Uber’s share price has almost doubled this year, and that’s left rival firm Lyft red-faced about its modest 9% increase. See, Lyft’s been losing market share, and it’s Uber that’s been picking up the slack – and the passengers. By the end of June, Uber had scooped up about three-quarters of US consumer ride-share sales. Part of that success is probably down to the breadth of its offerings: after all, Uber offers food delivery too, unlike Lyft. And while the trailing firm plans to cut fares to attract riders, Uber’s adding even more bells and whistles like group and guest rides and even [video gift messaging](. The bigger picture: Freight nerves. One area that didn’t shine so brightly was Uber’s freight business, but that’s hardly a surprise. After all, consumers are more inclined to spend their cash on services rather than goods these days. Even logistics giants like Maersk are [warning]( of falling volumes, while the IMF reckons growth in the amount of goods being traded worldwide is set to drop sharply from last year’s levels. You might also like: [How you can value Uber's stock.]( Copy to share story: [/fares-fair]( 🙋 [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=Fare’s Fair&utm_campaign=daily-global-02-08-2023&utm_source=email) Analyst Take T. Rowe Price Is Seeing A Glass Half-Full: Here’s Where It’s Finding Opportunities [T. Rowe Price Is Seeing A Glass Half-Full: Here’s Where It’s Finding Opportunities]( By Russell Burns, Analyst [T. Rowe Price]( wasn’t one of the investment houses that was doom-scrolling into this year. The firm thought the recession fears were mostly overblown and was looking forward to finding [some profitable contrarian plays](. And it’s [not doom-scrolling now]( either. The Baltimore-based fund giant is keeping an eye on a few big risks, but says there’s [plenty of room for optimism]( over the longer term. That’s today’s Insight: [here’s where T. Rowe Price is finding stock opportunities now.]( [Read or listen to the Insight here]( SPONSORED BY OPTIONSDESK Understand options trading with a real, expert human helper Tech advancements like artificial intelligence are exciting and terrifying in equal measure. So when it comes to your personal finances, you can’t beat [hearing a human voice]( now and then. That’s why folk trust [OptionsDesk for high-quality information](: no robots, queues, or chatrooms. Instead, you’ll chat to [dedicated, experienced brokers who specialize in options](. They’ll talk you through your, ahem, options, no matter whether you’re a newbie or a seasoned, time-poor pro. Then you’ll be able to confidently use options to [hedge your bets]( or [speculate on price movements]( to potentially profit from market volatility – a handy trick in a topsy-turvy climate like today’s. And if you want to trial some tech, you can check out the [custom, free Strategy Explorer]( tool to [find strategies that match your style and market outlook](. You can get started by [calling up an expert OptionsDesk broker today](. Disclaimer Important information: Derivative products are considerably higher risk and more complex than more conventional investments, come with a high risk of losing money rapidly due to leverage and are not, therefore, suitable for everyone. Our website offers information about trading in derivative products, but not personal advice. If you’re not sure whether trading in derivative products is right for you, you should contact an independent financial adviser. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Road To Riches [Road To Riches] What’s going on here? Toyota spent last quarter in the profit-making fast lane, according to Tuesday’s [update](. What does this mean? While a slowdown in China has got carmakers like Volkswagen and Nissan trimming their sales outlooks, Toyota managed to keep its wheels turning last quarter. And sure, the world’s biggest carmaker still felt the pinch in China – but it made up for it thanks to robust demand in the US and a weaker Japanese yen, boosting the value of its international earnings. In fact, Toyota sold over 2.5 million vehicles globally, an 8% increase from the same time last year. That drove operating profit up by an eye-watering 94% to a record high – hitting 37% of its annual target in just one quarter. Investors were revved up by that news, sending Toyota’s stock to a record high too. Why should I care? The bigger picture: Charging into China. Toyota’s performance in China certainly wasn’t stellar, and the fact is, conquering the world’s biggest car market is crucial for the Japanese giant. See, the rapid shift away from gas guzzlers in China and the rise of local EV brands are serious challenges, given that Toyota’s mainly sold hybrids and gas-powered cars to date. So, to retain its crown as the world’s biggest carmaker, Toyota needs to accelerate its development of EV tech, expand its battery-only lineup, and cut costs to boost its competitiveness in the country too. Zooming out: A yen for profit. Japanese companies have been cruising lately, with favorable currency conversions giving their results a helping hand. But that tailwind might be set to lose its strength: as inflation heats up in Japan, the Bank of Japan [could]( be nudged to join the global fight against rising prices. And that shift could pump up the yen’s strength and turn the tables on Japanese multinationals – a scenario that some analysts are already placing bets on. You might also like: [Japan is the most attractive stock market, based on this measure.]( Copy to share story: [/road-riches]( 🙋 [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=Road To Riches&utm_campaign=daily-global-02-08-2023&utm_source=email) 🤝 Partner with us Finimize is much more than just this newsletter: we’re a full-blown [one-stop shop]( for engaging with [modern investors](. So whether you’re a fintech, founder, or just a fed-up exec, rest assured – we’ve got [the solutions]( you need. [Book A Demo]( 💬 Quote of the day “I would like to die on Mars. Just not on impact.” – Elon Musk (a business magnate and the world's richest person) [Tweet this]( SPONSORED BY CFA INSTITUTE Simplify your sources, fortify your knowledge The internet’s full of [useful intel](, but it’s hidden behind dramatic headlines, out-of-date figures, and complicated jargon. So here’s a refreshing alternative: CFA Institute’s [Investment Foundations Certificate course]( condenses the most important underpinnings of investing in [clean, concise online modules](. In your own time and space, you’ll [hone your understanding of market movements and dynamics](, global trade issues, valuation methods, and [trading tips, tools, and strategies](. That clarity will help you see through turbulent markets and loud, noisy voices in the future, freeing you up to [make independent investing decisions with confidence and credentials](. And while you're signing up for the [Investment Foundations Certificate](, nab the "DeFi: Introduction to Blockchain and Cryptocurrency Course" - worth $339 - for free. [Just add it to your cart]( and use the code "FINIMIZEDEFI2023". [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. Vaping gets vigilant. Juul's new vape can [verify a user's age](. 2. To utopia, and beyond. A fresh investing style could [build a better future]( for you and the planet.* 3. Ice Age resurrection. Scientists have [resurrected an extinct animal]( frozen for 46,000 years in Siberia. 4. Ants' sweet secret. Honey made by ants could [protect against bacteria and fungi](. 5. Bear-ly believable. A Chinese zoo denies its sun bears are [humans in costumes](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up This Week... All events in UK time. 💥 [How To Harness The Power Of Options](: 5pm, August 3rd And After That... 🏠[Why Real Estate Could Be A Solid Investment Right Now](: 1pm, August 9th 📍 [Exploring Disruption In The Investment Industry](: 5pm, August 15th 🌎 [How To Invest Like Warren Buffett](: 1pm, August 22nd 🚀 [Building Investment Platforms For The Modern Era](: 5pm, August 23rd 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th ❤️ 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} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Midjourney | Midjourney Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 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](