😳 Aramco makes everyone else look small

China's falling behind | Aramco made a big statement |

Hi Reader, here's what you need to know for August 16th in 3:05 minutes.

📈 High interest rates and inflation are changing the way investors evaluate tech companies. So join The Motley Fool’s Asit Sharma for How To Spot The Best Tech Stocks on Tuesday, and find out how to work out the true value of talked-about tech firms. Get your free ticket

Today's big stories

  1. It’s now all but impossible for China to hit its economic growth targets
  2. Our analyst has looked into how the rising China-Taiwan tensions could impact your portfolio – Read Now
  3. Saudi Aramco posted the biggest profit in the world last quarter

How Long Can China Keep Up Its Zero-Covid Schtick?

How Long Can China Keep Up Its Zero-Covid Schtick?

What’s Going On Here?

Data out on Monday showed that China’s economy struggled to get back on its feet last month.

What Does This Mean?

The world might be learning to live with Covid, but China’s still refusing to have anything to do with the little rascal. That led to a wave of new restrictions across the country in July, denting both consumer and business spending. Chinese retail sales, then, came in just 2.7% higher in July than the same time last year – a long way short of the 5% uptick analysts were expecting. Industrial production – a key driver of Chinese growth – was disappointing too, up just 3.8%. And with reports of more surges in Covid cases this month, things don’t look like they’re going to sort themselves out anytime soon.

Why Should I Care?

The bigger picture: What target?
The Chinese government has long been adamant that it would hit this year’s economic growth target of 5.5%, but it looks like it’s finally admitting defeat. Or not admitting anything: it didn’t mention the goal at all in a meeting last month, saying instead that the country would aim to achieve “the best outcome” possible for growth. That might be why its central bank unexpectedly cut a key interest rate on Monday for the first time since January, which it’s hoping will encourage businesses and consumers alike to spend, spend, spend.

For markets: How the tables have turned.
China’s key stock index fell after the news, meaning it’s now down around 3% in the past month. That just goes to show how its pandemic restrictions are setting it apart from other major economies: the US stock market has now climbed four weeks in a row amid signs that inflation is easing up, with the country’s key stock index up 11% this month.

Copy to share story: https://www.finimize.com/wp/news/how-long-can-china-keep-up-its-zero-covid-schtick/

🙋 Ask a question

Analyst Take

How To Protect Your Portfolio From Rising Taiwanese Tensions

How To Protect Your Portfolio From Rising Taiwanese Tensions

By Theodora Lee Joseph, Analyst

China was already worked up when one of America’s highest-ranking government officials visited Taiwan earlier this month.

And the news that a group of US lawmakers are set to meet the Taiwanese leader won’t calm things down, at a time when China is threatening to take control of the region by force.

That puts the biggest chipmaking country in the world at risk, which matters: it’s wrapped up in any number of the world’s stock market sectors – and by extension your portfolio.

So that’s today’s Insight: how to protect your portfolio from the Chinese-Taiwan conflict.

Read or listen to the Insight here

🤩 Fancy this space?

Lovely little spot this, isn’t it?

And it just so happens to be the perfect place for you to showcase your business to our one million engaged investors.

If you share our goal of changing the finance world for the better, then chat to us about our daily newsletter placements.

Work With Us

Aramco Throws Its Massive Weight Around

Aramco Throws Its Massive Weight Around

What’s Going On Here?

Saudi Aramco, the world’s biggest oil company, posted the biggest quarterly profit of any public company in the world over the weekend.

What Does This Mean?

After Shell, Exxon Mobil, and Chevron all reported record quarterly profits at the end of last month, you can bet Aramco wasn’t going to be left out: the company’s net profit crossed the $48 billion mark last quarter – 90% higher than the same time last year. Not only was that a record for the company itself, it was the highest adjusted profit of any public company in the world (tweet this). Unlike many of its Western rivals though, Aramco chose not to use the cash to up its dividend payouts, instead opting to pay off some of its debt and invest in its production. That’ll go some way to helping it up its oil production capacity from 12 million barrels a day to 13 million by 2027.

Why Should I Care?

The bigger picture: It’s a conspiracy.
Aramco is still expecting demand for oil to keep rising this decade, even warning that there might not be enough to go around when both China and airlines bounce back. That’s partly because its rivals haven’t been investing enough in the industry as they’ve made the shift toward cleaner energy sources. But we’ll need those too: this summer of droughts, wildfires, and floods has either laid bare the need for a move away from fossil fuels, or proved that the Illuminati really is working overtime.

Zooming out: If you can beat it, bury it.
Aramco does have some greener ambitions, with plans to become a leading producer of “blue hydrogen”. That would involve producing hydrogen – a gas seen as key to the energy transition – using natural gas, but capturing and storing the carbon emissions. That might be why Aramco said it’s aiming to permanently store carbon dioxide from 2026, creating some of the biggest underground reservoirs of their kind in the world.

Copy to share story: https://www.finimize.com/wp/news/aramco-throws-its-massive-weight-around/

🙋 Ask a question

💬 Quote of the day

“It takes considerable knowledge just to realize the extent of your own ignorance.”

– Thomas Sowell (an American author, economist, and political commentator)
Tweet this

🎯 On Our Radar

  1. The color wheel is shrinking. Everything’s going gray.
  2. Welcome to altcoin utopia. This platform has over 1,000 different coins on offer.*
  3. These pick-up lines could improve your next date. We can’t vouch for all of them, mind you.
  4. Coffin innovation is taking off. Mushrooms are the first step.
  5. You can’t be good all the time. Here’s when it’s okay to break a rule.

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

🌍 Finimize Live

🎉 Coming Up This Week…

All events in UK time.

💰 The Secret To Making Money During High Inflation: 1pm, August 16th
💻 How To Spot The Best Tech Stocks: 6pm, August 16th
🤯 Inflation Strategies For Savvy Investors: 12pm, August 18th
☃️ How To Stay Warm In A Crypto Winter: 5pm, August 18th

🥳 And After That…

🏈 Crypto And The Sports Community: 5pm, August 23rd
👑 How To Invest In Gold On The Blockchain: 5pm, August 25th
😎 How To Spot The Next Ethereum Killer: 1pm, August 30th
🧬 How To Profit From The Genomics Revolution: 5pm, August 30th
🎉 How To Build Wealth In Your 20s: 5pm, September 1st

❤️ 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: Aekawit Rammak - Shutterstock | rarrarorro - 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

Key phrases

Older messages

💉 Big Pharma, big problems

Sunday, August 14, 2022

Big Pharma's going to court | There's hope for the UK yet | TOGETHER WITH Hi Reader, here's what you need to know for August 15th in 3:15 minutes. 💻 Not all tech stocks are created equal:

🤯 Is inflation slowing down?

Friday, August 12, 2022

The US can breathe a (tiny) sigh of relief | Coinbase has crypto problems | TOGETHER WITH Hi Reader, here's what you need to know for August 11th in 2:57 minutes. 🤫 This might come as a surprise,

😭 Disney overtakes Netflix

Friday, August 12, 2022

Netflix got a taste of Disney magic | Honda's a survivor | TOGETHER WITH Hi Reader, here's what you need to know for August 12th in 3:02 minutes. 📉 Crypto's volatile at the best of times,

⚔️ 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

🤡 SoftBank is a joke

Monday, August 8, 2022

SoftBank took another loss | Palantir said things have turned "lumpy" | TOGETHER WITH Hi Reader, here's what you need to know for August 9th in 3:06 minutes. 💥 Tell us what you want –

🤖 Amazon's in with a chatbot

Monday, September 25, 2023

A shutdown looms for the US | Currency traders have a new favorite play Finimize TOGETHER WITH Hi Reader, here's what you need to know for September 26th in 2:50 minutes. 🎉 JPMorgan CEO Jamie Dimon

Confidence is wavering

Monday, September 25, 2023

Bloomberg Evening Briefing View in browser Bloomberg Wall Street's masters of the universe have long argued they can spend money more efficiently than the US government ever could. Now, a handful

Insider Today: Wall Street's new job path

Monday, September 25, 2023

Plus: LinkedIn's strange new world, and AI job skills. View in browser September 25, 2023 • 5 min read with Dan DeFrancesco Welcome back! We had some breaking news late Sunday: The Writers Guild of

😎 Things are looking brighter…

Sunday, September 24, 2023

Plus, the OECD adjusts its outlook Finimize Your Weekly Brief should take you 3:14 minutes to read. Let us know what you think here. Doing The Impossible US consumers may be in for rougher sledding,

Insider Today: Goldman partner exodus

Sunday, September 24, 2023

Plus: Consultants vs. AI, and Microsoft Windows boss exit. View in browser September 24, 2023 • 5 min read with Matt Turner Hello! I'm the editor in chief of business at Insider. Welcome back to

Fed triumph at risk

Saturday, September 23, 2023

Bloomberg Weekend Reading View in browser Bloomberg After overseeing the most aggressive monetary tightening cycle in decades, several central banks, including the US Federal Reserve and Bank of

Insider Today: The hottest job markets

Saturday, September 23, 2023

Plus: Best states for new grads, and the situationship. View in browser September 23, 2023 • 5 min read with Diamond Naga Siu It's Saturday! After moving from one high-rent city (New York City) to

UAW’s early victory

Friday, September 22, 2023

Bloomberg Evening Briefing View in browser Bloomberg The United Auto Workers' unprecedented strategy to simultaneously target all three legacy carmakers is showing results. The union said that it

🇯🇵 Japan's wish came true

Friday, September 22, 2023

Japan stuck by its negative interest rates | Data hinted that Europe's economy is shrinking this quarter | Finimize TOGETHER WITH Hi Reader, here's what you need to know for September 23rd in 3

Out with the Old

Friday, September 22, 2023

The Changing Face of the Insurance Industry ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌