🤞 Here's hoping the Twitter deal doesn't collapse

Megadeals top regular deals | Gazprom pulls a gotcha |

Hi Reader, here's what you need to know for July 1st in 3:11 minutes.

😎 There are three top-level decisions to make as an investor: what to do with your cash, what to do with your gains, and what to do when things go wrong. It’s what investment advisor Alpesh Patel OBE calls The Investing Decision Tree, and you’ll find out how to make those hard choices on at our event with Alpesh on July 4th. Get your free ticket

Today's big stories

  1. “Megadeals” have single-handedly kept the dealmaking market afloat this year
  2. Our latest Modern Investor Survey shows you’re making some shrewd investments – Read Now
  3. Russia’s Gazprom upended its once-generous dividend policy

Fingers Crossed

Fingers Crossed

What’s Going On Here?

Data out on Thursday showed that so-called “megadeals” – those worth over $10 billion – have kept the merger and acquisition (M&A) market in one piece this year.

What Does This Mean?

The value of global dealmaking hit its highest since records began last year, thanks to booming markets and government support that left businesses flush with cash. But what a difference a few months make: scandalous inflation, gung-ho interest rate hikes, and the outbreak of war have rattled investors and wiped out corporate confidence. That’s encouraged more and more companies to hoard cash, which is partly why the value of abandoned deals is the highest it’s been since before the pandemic. Then again, there has been one saving grace in the form of the 25 megadeals announced in the first half of the year. That’s 12% more than over the same period in 2021, and means the total value of dealmaking has only fallen short by around 20% (tweet this).

Why Should I Care?

Zooming in: All eyes on Twitter.
Some analysts see the reliance on megadeals as risky, given that their collapse – entirely possible in light of US regulators’ increasingly hardline approach – could take the entire M&A market down with them. They’re right to be nervous: Elon Musk has repeatedly threatened to walk away from his $44 billion Twitter deal, and chipmaker Broadcom will probably have to undergo lengthy investigations into its $69 billion bid for software provider VMware.

The bigger picture: Just you wait.
These megadeals have also benefited global investment banks – which earn a fee for dealmaking advisory services – at a time when revenue from their bond and stock trading segments has plummeted by 26% and 72%. But here’s the problem: dealmaking activity tends to trail overall stock market performance by a few months, and the stock market – you may have noticed – has been on a downward spiral. That suggests M&A activity will probably suffer soon too, and investment banks along with them.

Copy to share story: https://www.finimize.com/wp/news/fingers-crossed/

🙋 Ask a question

Analyst Take

Cheer Up, Gang. It Might Never Happen.

Cheer Up, Gang. It Might Never Happen.

By Daniel Johnston, Analyst

A lot has changed since March, when we rolled out our last Modern Investor Survey.

That much was clear from June’s survey, which showed that your outlook for the economy, the markets, and the risks facing them have all shifted quite dramatically.

Consider that we’ve been running the survey for over a year now, and this is the first time that more of you think the economy will be worse a year from now than think it’ll be better.

But based on the investments you are making, you also clearly know what you’re doing in these choppy times. We’d expect no less.

So that’s today’s Insight: a deep-dive into the results of our Modern Investor survey.

Read or listen to the Insight here


Get 60% off Motley Fool’s stock picks

Picking stock market winners is easier said than done.

There’s a knack to it, and it’s one the experts at the Motley Fool have down to a fine art.

That’s why the team would like to offer new members 60% off Motley Fool Stock advisor – a dedicated resource that’ll give you a heads-up about stocks that could be set to take off.

After all, the Motley Fool recommended buying Netflix and Amazon back in the day, and taking their advice could’ve made you a pretty penny.

The Motley Fool’s picks have more than quadrupled the stock market’s return over the last decade, and there are plenty more yet to come.

So get in while the going’s good: get 60% off Motley Fool.

Get 60% Off

*Based on $199/year list price. Introductory promotion for new members only.

When you support our sponsors, you support us. Thanks for that.



What’s Going On Here?

Russian natural gas giant Gazprom canceled its dividend entirely on Thursday.

What Does This Mean?

Gazprom announced a dynamic new dividend policy back in 2019, which involved paying shareholders as much as half of its total profit by 2022. You had investors at “dividend”: they dramatically pushed up Gazprom’s stock and made it the most valuable company in Russia. Gazprom was well on track to make good on its promise too, with the company’s board members recommending a record payout of around $23 billion this year.

But investors’ giddy hopes were dashed on Thursday, when the company said it would be paying… nothing. Nada. Squat. It said it would rather focus on investing in Russia’s gas infrastructure ahead of the winter, and that it needed the money to cover its tax bill. Hell hath no fury like an investor scorned: Gazprom’s stock plunged nearly 30%.

Why Should I Care?

Zooming in: Russia’s okay with it.
The Russian government – which owns around 50% of Gazprom – will miss out on its share of the payout too, but it’s just smug that the decision will keep cash out of the hands of other shareholders. And the country will still get its hands on some of those profits in any case, with Russian lawmakers having just passed a bill to increase Gazprom’s tax bill by $8 billion this year. The G7 might’ve seen this coming: it recently agreed to explore capping the price of gas to keep the country from profiting even more from the war.

The bigger picture: Uniper hemorrhages money.
Gazprom has unsurprisingly been slashing its supplies to Europe, which has forced Uniper – Germany’s biggest buyer of Russian gas – to buy gas in the open market for an estimated $30 million a day. That’s partly why the company has just issued a profit warning, with things now so bad that the firm’s in talks to be bailed out by the government.

Copy to share story: https://www.finimize.com/wp/news/gaslighting/

🙋 Ask a question

💬 Quote of the day

“It’s okay if you mess up. You should give yourself a break.”

– Billy Joel (an American singer, pianist, composer, and songwriter)
Tweet this


Get 60% Off The Motley Fool 

If you join The Motley Fool’s top stock-picking service, you’ll get a big discount and a money-back guarantee.  

The reason The Motley Fool is offering this to new members today? 

Because its purpose is to make the world smarter, happier, and richer. That means welcoming new members at a great price is a win-win.

Join today and be the first to hear The Motley Fool’s newest stock picks.

Get The Stock Picks

*Based on $199/year list price. Introductory promotion for new members only.

When you support our sponsors, you support us. Thanks for that.

🎯 On Our Radar

  1. Don’t let anyone get their hands on your crypto. Check out the ZenGo wallet.*
  2. It’s not just you. Turns out nobody ever feels grown up.
  3. A taste of freedom wasn’t enough. Now, a three-day work week is too much.
  4. 10 marathons in 10 days, on a treadmill. If you’re a runner, read this. 
  5. Not your average night out. This guy lost half a million people’s personal information.

When you support our sponsors, you support us. Thanks for that.

🌎 Finimize Live

🎉 Coming Up Next Week…

All events in UK time.

🤷‍♀️ What To Do With Your Cash, Gains, And Letdowns: 12.30pm July 4th
💰 Managing Your Pension In A Cost Of Living Crisis: 12pm July 6th
📚 Your Guide To Staying Safe In Web3: 1pm July 7th
😊 How Not To Panic In A Bear Market: 5pm July 7th
😎 The Benefits Of On-Chain Transactions: 1pm July 8th
🏡 Shelter Your Portfolio With Premium Real Estate: 12pm July 12th
🔮 The Psychology Of Risk Management: 10am July 13th

❤️ Share with a friendYour Referrals: 0

Thanks for reading Reader. If you liked today's brief, we'd love for you to share it with a friend.

Share your unique link:


You stay classy, Reader 😉

We’d love to hear your thoughts. Give feedback

Want to advertise with us too? Get in touch

Image Credits:

Image credits: kylauf, aksol, NameArt - Shutterstock | Hein Nouwens - Shutterstock


Update your email or change preferences

View in browser

Unsubscribe from all Finimize Emails


Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH

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

Older messages

🍑 Has bitcoin bottomed?

Wednesday, June 29, 2022

H&M wins hearts & minds | Let's go on a guilt trip | TOGETHER WITH Hi Reader, here's what you need to know for June 30th in 3:10 minutes. 😎 There are three top-level decisions to make

🧘‍♀️ US banks breathe in... breathe out...

Tuesday, June 28, 2022

So long, farewell, do svidaniya, goodbye | US banks are so relaxed | Finimize Hi Reader, here's what you need to know for June 29th in 3:12 minutes. 🇺🇸 There's so much to know about the near-

👻 Offices aren't dead

Monday, June 27, 2022

Foreign firms get all tangled up | The office is alive and well | Finimize Hi Reader, here's what you need to know for June 28th in 3:04 minutes. ⚖️ If you're going to invest in crypto these

🙏 Please buy Zendesk

Sunday, June 26, 2022

A blow to Zendesk's delusions of grandeur | "You can't package life" | TOGETHER WITH Hi Reader, here's what you need to know for June 27th in 3:11 minutes. 💸 If you're a

🤔 What if Elon is... wrong?

Thursday, June 23, 2022

Backtracking at its finest | RIP European dealmaking | TOGETHER WITH Hi Reader, here's what you need to know for June 24th in 3:07 minutes. 🧸 How do you navigate a bear market? By using options, of

The cost of a Taiwan war

Tuesday, August 9, 2022

Bloomberg Evening Briefing View in browser Bloomberg As China holds extensive and increasingly aggressive military exercises off of Taiwan, a group of American defense experts in Washington are focused

⚔️ Tesla vs. BYD

Tuesday, August 9, 2022

Clash of the EV titans | Nvidia 'fesses up | TOGETHER WITH Hi Reader, here's what you need to know for August 10th in 3:03 minutes. 🤔 You probably have two big questions right now: how high

🎯 Opinionated: 3 Pieces of Career Advice

Tuesday, August 9, 2022

… that you won't hear anywhere else. Plus, your top retirement questions answered. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Is Your Emergency Fund OK Given Inflation?

Tuesday, August 9, 2022

Also: 3 Best Money Moves for August 2022 ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

I travel by Amtrak every few months, and I'm more productive on the train than in any coworking space. Here's how I optimize working on the move.

Tuesday, August 9, 2022

Writer Rossilynne Culgan shares why she thinks the best office in America for productiveness isn't an office at all — it's a seat on an Amtrak train. View in browser Business Insider Business

Wall Street: When PE chiefs call time

Tuesday, August 9, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hi. I'm Aaron Weinman. Kewsong Lee, Carlyle's chief executive, will step down and leave the private-

The Daily StockTips Newsletter 08.09.2022

Tuesday, August 9, 2022

(Published 7:30 AM ET MON-FRI) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Great Salary Convergence is driving up salaries

Tuesday, August 9, 2022

Paying people based on where they live never made a ton of sense... Read on Insider.com INSIDER INSIDER Subscribe INSIDER FEATURED ARTICLE ECONOMY Welcome to the Great Salary Convergence — a seismic

The Soundtrack To Planet Money Summer School

Tuesday, August 9, 2022

It's a summer of macro at Planet Money. Celebrate hot econ summer with our playlist. View this email online Planet Money Hot Econ Summer by Greg Morton School is not out for summer. Planet Money

[New post] Cryptoassets, the metaverse and systemic risk

Tuesday, August 9, 2022

BankUnderground posted: " Owen Lock and Teresa Cascino Cryptoassets could have important roles within the metaverse – a decentralised, immersive next generation of the internet. Cryptoassets