🤫 Google's secret is out

A witness let a Google secret slip | Glencore's drawn-out pursuit of a coal business paid off | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for November 15th in 3:15 minutes.   💪 Women are still suffering from lifelong effects of the gender pay gap, and that will continue until something serious changes. So tune into Helena Morrissey on the latest [Finimize podcast](, and find out what the 30% Club founder, Money Matters ambassador, and mother of nine shared about managing financial obstacles as a woman. [Listen here]( Today's big stories - A witness in the Alphabet vs. the Department Of Justice hearing revealed the cost of the firm’s dominance - This fund could be an investment all-rounder – [Read Now]( - Glencore’s year-long pursuit of Teck Resources’ coal business finally paid off Trade Secrets [Trade Secrets] What’s going on here? A tantalizing tidbit might’ve strengthened the Department Of Justice’s (DOJ) anti-competitive-behavior [case]( against Alphabet. What does this mean? Imagine picking up a smartphone to check emails, buy a winter coat, or find a pavlova recipe, and the browser opens on – gasp – Bing. That’s a jumpscare most horror films would envy. But it’s no wonder the world is used to the same six primary-colored letters instead. Google’s long been known to pay billions to secure the default position on different web browsers, but the dirty details were a closely guarded secret – until this week. A witness just let it slip that Google-parent Alphabet funnels 36% of the money it makes from search advertising straight into Apple's pockets, a successful bid for Safari dominance. That wasn’t the best statement the witness could’ve made while defending the tech giant against anti-competitive charges: the DOJ reckons the roughly $20 billion exchange is enough to price out competitors, strengthening the case against Big Tech. Why should I care? Zooming in: Firms who deal together stay together. The DOJ is firmly focused on Alphabet, but Apple has plenty to lose here too. That $20 billion check, assuming the numbers are right, makes up about 30% of Apple’s service business revenue. That’s not a division Apple can sweep under the rug: investors keep a keen eye on the profitable services business, believing it’ll dictate the firm’s future. So if a third of its takings are called into question, investors may take their own suspicions out on Apple’s stock price. The bigger picture: You can’t handle the truth. Big Tech knows its way around a courtroom. Many a government hearing has contested the companies’ right to wield so much power, but each case has bounced like water off a duck’s back. The DOJ believes it can nail them this time, but if history’s any guide, Alphabet will probably retain its reign. Bad luck, Bing. You might also like: [US companies are doing awesome, actually](. 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=Trade Secrets&utm_campaign=daily-global-15-11-2023&utm_source=email) Analyst Take This Fund Seems To Have It All: Dividends, Growth Stocks, And A Sale Price [This Fund Seems To Have It All: Dividends, Growth Stocks, And A Sale Price]( By Paul Allison, CFA, Analyst Investing can be confusing, with [so many choices]( out there. One day, you want to invest in some of the world’s [best growth firms](. The next, you’re thinking about dividend income. And by the end of the week, you’re probably also looking for stocks you can get on the cheap. Well, [good news](: there might be a way for you to have it all. The [BlackRock Enhanced Global Dividend Trust]( puts growth stock giants like Microsoft and Apple among its top investments, pays an 8% dividend, and can be picked up at a 15% discount. That’s today’s Insight: [how to get dividends and growth stocks – on sale](. [Read or listen to the Insight here]( SPONSORED BY STARTENGINE Be a part of crowdfunding’s future – StartEngine's campaign closes today [Regulation crowdfunding investments]( have more than doubled in the last three years after being first introduced in 2016. And [StartEngine]( is a major part of that: startups and founders have raised over $760 million dollars directly on the platform in over 1,000 successful funding rounds. Now, it’s [StartEngine’s turn](. The platform – led by Activision co-founder [Howard Marks with strategic advisor Kevin O’Leary]( – is raising money from the crowd itself, letting new investors grab shares. (1) StartEngine has been named one of [Inc. Magazine’s 5,000 fastest-growing private US companies]( for two years in a row (2022 and 2023) (2), and can grant investors access to a portion of the estimated [$10 trillion private markets](. Over 40,000 investors have already bought in. [Check out the crowdfunder]( if you want to join them. (3) [Find Out More]( Reg A+ offering made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary involved in offering. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please see the most recent [supplement](, [offering circular](, and [selected risks](. (1) Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, [(. (2) As measured by revenue growth over a three-year period. [Inc 5000 source](. (3) StartEngine’s investor count and investment amount includes the total number of investors and funds raised over multiple offerings and at different terms. (4) StartEngine Community: Count of 1.8 million is determined as the number of unique email addresses in StartEngine’s database as of 10-6-2023. When you support our sponsors, you support us. Thanks for that. Splitsville [Splitsville] What’s going on here? Glencore announced plans to [buy]( Teck Resources’ coal division, making it clear that the Swiss mining giant was focused on splitting up before the relationship even started. What does this mean? Glencore made a move on Teck Resources earlier this year, but walked away with nothing but a bruised ego. But then the mining giant sidled up with a revised offer to buy just the rival firm’s coal business, suggesting this was probably never about accepting Teck Resources for its whole self. Instead, it looks like Glencore has a plan to merge Teck’s coal division with its own, before spinning off the newly combined duo. Persistence paid off, and that plan is now well underway: Teck Resources agreed to sell over three-quarters of its coal business for just shy of $7 billion. Why should I care? The bigger picture: Hidden gems. The US has been embracing its dirty side lately. Europe’s sanctions on Russian coal have left the region with a gap in supply, so the US seized the chance to plug it. And during all that digging, newcomer Ramaco Resources recently found over a million tons of rare-earth elements – the precious materials essential for technologies like electric batteries – buried in coal pits. The US only uses around 10,000 tons of rare-earth elements a year, but with China, the world’s main exporter, tightening its grip on supply, Ramaco could have plenty of willing buyers. For markets: Loyalty is everything. Coal has more than its fair share of detractors, but the black stuff was still responsible for making a third of the world’s electricity last year. And while the International Energy Agency says coal will start falling out of favor next year as renewable sources become more mainstream, major countries and industries are unlikely to dump the cheap source of power completely. That could be a problem: the agency believes we need to use 90% less coal to meet net-zero targets by 2050. You might also like: [Battery metals are cheaper, and that could charge up these stocks](. 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=Splitsville&utm_campaign=daily-global-15-11-2023&utm_source=email) Engagement is more important than ever Your business spends a lot of money to win over customers. Thing is, that's just a waste if they don't make use of your products and services. You need [engagement](: customers that use, love, and tell others about what you do. The [right content]( can get you exactly that – and luckily enough, we can help you make the right content. At Finimize, we craft some of the industry’s [most engaging financial content]( – trusted by over a million individual investors and 300-plus institutions – every single day. This [29-page guide]( takes you through our strategic content creation, from concept to text and audio delivery, so you can [tailor your own content strategy and fire up your engagement rates](. [Get The Guide]( 💬 Quote of the day "The best way to make your dreams come true is to wake up." – Paul Valery (a French poet) [Tweet this]( SPONSORED BY STARTENGINE Your potential entry point to an estimated $10 trillion private investing market A [collective community of nearly two million]( have expressed interest in crowdfunders using [StartEngine](. (4) And won over by the scale of the platform, not least from its successful asset acquisition of SeedInvest, over [40,000 investors have raised more than $75 million in StartEngine’s own funding rounds](. (3) StartEngine – one of the first dedicated crowdfunding spaces in the US – has also attracted [powerhouses like Shark Tank’s Kevin O’Leary](, keen to hold a piece of the future of fundraising. (1) The private markets are worth an estimated $10 trillion, after all, and with StartEngine’s mission to democratize investing in the industry, crowdfunding could really take off. [Discover the future of crowdfunding with StartEngine](. [Find Out More]( Reg A+ offering made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary involved in offering. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please see the most recent [supplement](, [offering circular](, and [selected risks](. (1) Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, [(. (2) As measured by revenue growth over a three-year period. [Inc 5000 source](. (3) StartEngine’s investor count and investment amount includes the total number of investors and funds raised over multiple offerings and at different terms. (4) StartEngine Community: Count of 1.8 million is determined as the number of unique email addresses in StartEngine’s database as of 10-6-2023. When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. Style it out. Artificial intelligence can work as your [personal stylist]( for free. 2. You can build on NFT land just like regular land. Here's what to consider when you’re [scouting for land in the metaverse](.* 3. Time to cause an argument. One publication just [ranked the Marvel films from best to worst](. 4. Staking crypto could help your returns. Here's [how it works and the potential risks]( to watch out for.** 5. You might not be burning out. Maybe your job just [isn’t doing it for you](. Stocks is a derivative product offered by Change Securities B.V. that replicates the performance of your favourite companies’ shares - full or fractional.* When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up Soon... 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th (UK time) [Register by midnight on November 20th for a chance to win free flights to the in-person London summit event]( ❤️ Share with a friend Thanks for reading {NAME}. 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