💬 Messaging made public

Dubai-based messaging platform Telegram looked set on a public listing | US inflation came in hot and steamy | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for March 13th in 3:15 minutes.   💸 The path to financial freedom is longer for women. So join us for [Building Wealthy Women: Investing For Your Future]( on April 11th, and find out how to carve out a shortcut. [Grab your free ticket]( Today's big stories - Messaging app Telegram planned to take its nearly profitable business to the public market - A global recession is still possible, so here’s how to prepare for one – [Read Now]( - US prices came in 3.2% higher this February than last, suggesting that stateside inflation may prove even more stubborn than hoped Evasion Of Privacy [Evasion Of Privacy] What’s going on here? Despite Telegram’s expertise in encrypted data, self-destructing messages, and secret chats, the messaging app [looked]( determined to make its business public. What does this mean? Telegram has become one of the biggest social media apps in the world: the WhatsApp-esque messaging platform now boasts 900 million monthly users, up from 500 million three years ago. With that many eyeballs passing over the in-app adverts, and with a few text addicts making room in their budgets for the premium subscription, Telegram has been pulling in hundreds of millions of dollars in revenue and claims to be within touching distance of its first profit. Big-name tech funds have already tried to pay up to $30 million for the firm, but so far, Telegram has stayed locked into the prospect of listing on the stock market. Why should I care? Zooming out: Telegram needs attention. Companies only get one chance at going public – that’s why they call it an initial public offering (IPO)... probably. They want to be in the best shape of their lives when they take the step, making it impossible for investors to ignore them. Telegram’s toning up by making advertising agencies fork out between $1 million and $11 million for space, while prepping automated services for smaller-budget advertisers. Word on the street – or in this case, the messaging platform – is that Telegram might make like Reddit, giving dedicated users dibs on shares before the fat cats pile in. The bigger picture: No one cares about privacy anymore. The ever-present threat of a recession and stock-denting interest rates have encouraged businesses to stay sheltered, making last year the worst one for IPOs since 2019. But now that the economy is toughening up, a whole host of companies are preparing for their debut: Shein, Stripe, Reddit, Klarna, and Skims, to name a few. If their premieres pay off, more private companies will be tempted toward the limelight. You might also like: [If you’re short on investment ideas, try looking at things from a new perspective.]( 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=Evasion Of Privacy&utm_campaign=daily-global-13-03-2024&utm_source=email) Analyst Take Six Ways To Recession-Proof Your Finances [Six Ways To Recession-Proof Your Finances]( The UK officially entered a recession at the end of last year, and Japan narrowly avoided one. And though the latest [downturns]( don’t appear to be as deep or destructive as the ones brought by the global financial crisis or the pandemic, a shrinking economy is never good news. It can mean lower profits for businesses, job losses for workers, and falling values in your portfolio. But there are things you can do now to better navigate [whatever lies ahead](. That’s today’s Insight: [six ways to recession-proof your finances](. [Read or listen to the Insight here]( SPONSORED BY CFA INSTITUTE Finance isn’t fair – but it could be The number of women in CFO and CEO positions has reached its all-time high. But still, women are underrepresented in high-up investing circles, making up just 9% of global Investment Committee members. That’s partly because women have long been denied access to the investing sphere, and unfortunately, they still face specific challenges in the finance sector today. [CFA Institute]( is on a mission to help more women feel financially confident, whether it’s for their own personal use or for a career. By working through [the Investment Foundations Certificate]( in your own time, you’ll gain a solid understanding of the fundamentals of finance and a certificate that puts your wisdom into words. So if you’re ready to break barriers, you can [sharpen your skills with CFA Institute](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( American Pie [American Pie] What’s going on here? US prices were 3.2% higher this February than last, practically belittling the Federal Reserve (the Fed) just as the world had started patting it on the back. What does this mean? The Fed’s interest rate hikes have successfully brought inflation closer to the 2% target than its 9% heights from last year. But as if to humble the central bank, inflation came in higher than expected in February, no matter whether you look at it on a monthly or quarterly basis. Even core inflation, which strips out energy and food prices to better capture true underlying price pressures, was higher than predicted for the second straight month. Now, inflation is stubborn and volatile, so this isn’t exactly unprecedented. There’s a small chance, however, that the effect of today’s rates is tailing off, which could force the Fed to keep rates higher for longer, or even pull them – gasp – higher still. Why should I care? For markets: Curb your enthusiasm. The Fed admitted last week that it was nearly confident enough to consider cutting rates. Yet, most analysts still expected the Fed to leave them at their 23-year high when it meets next week, and that worse-than-expected data all but confirms it. What’s more, disheartened investors have finally fallen in line with the Fed’s expectations of three rate cuts this year. If their hopes fall any further, the stock market could feel the brunt: investors’ predictions of stock-boosting rate cuts are major influences behind the market’s current rally. The bigger picture: Dimon’s in the rough. Investors reckon there’s a 70 to 80% chance that rate hikes will calm inflation without bringing about a recession. JPMorgan’s CEO Jamie Dimon, though, plots the probability at half of that. He’s most worried about “stagflation”, where inflation stays high and the economy can’t recover. Almost every portfolio would suffer in that scenario, so any staunch Dimon believers might want to hold onto some gold and treasury bonds. You might also like: [Four lessons we can learn from the last 100 inflation bouts](. 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=American Pie&utm_campaign=daily-global-13-03-2024&utm_source=email) 💬 Quote of the day "Fortune favors the prepared mind." – Louis Pasteur (a French chemist and pharmacist) [Tweet this]( SPONSORED BY IG It’s nearly time to ring out the current tax year In the lead-up, you can swap the champagne and disco balls for evenings spent [filling up ISAs](. The [savings accounts]( let you invest up to £20,000 in a number of different opportunities, most commonly stocks, and any profit or dividends you make are free of capital gains tax. But you’ll want to set yours up a little earlier this year: [IG’s ISA expert has highlighted a few key updates]( – not least that you can now open up multiple stocks and shares ISAs in the same year. You can also make flexible transfers, so you can [move a part of your ISA balance]( instead of the whole amount, giving you more control over your money. Make sure you maximize your tax-saving opportunities this year, and [brush up on the fresh ISA rules (way) before the deadline](. DisclaimerInvesting puts your capital at risk. [Find Out More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( 🎯 On Our Radar 1. Quick, sell them on utopia again. The public is already [losing trust in AI](. 2. Theory will only get you so far in the real world. Here's how to [master options trading](.* 3. Happy Sleep Week. If that feels like rubbing salt in the wound, [check out these tips]( and get a good night’s rest. 4. Trading platforms are a dime a dozen. [Here's how to find one]( that's really worth your money.** 5. The “Mob Wife” aesthetic isn’t going anywhere. [Maybe it should](. **Your capital is at risk. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... 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