Finimize - 🤝 Bitcoin's sticking with Nasdaq

Chinese giant Baidu can't be stopped | Europe isn't relying on Russia – finally |

Hi Reader, here's what you need to know for August 31st in 3:15 minutes.

🥑 Everyone knows that if you want to buy a house as a young person, you just need to quit that all-consuming avocado toast obsession. Just kidding: join Plancorp’s Peter Lazaroff for How To Build Wealth In Your 20s on Thursday, and find out how you can really set yourself up for life, early in life – no millenial clichés allowed. Grab your free ticket

Today's big stories

  1. China's Google-equivalent Baidu reported better-than-expected results, despite its core business struggling
  2. Bitcoin has been rising and falling as the Nasdaq does, but that might stop soon – Read Now
  3. Europe’s approaching its gas storage targets much sooner than expected

China’s Struggling Economy Didn’t Phase Baidu

China’s Struggling Economy Didn’t Phase Baidu

What’s Going On Here?

Chinese internet giant Baidu reported better-than-expected quarterly results on Tuesday.

What Does This Mean?

Baidu – the company behind China’s biggest search engine – usually makes a lot of its money from digital marketing, but China’s struggling economy is hardly encouraging businesses to splash the cash. Baidu’s online marketing sales fell 12% last quarter from the year before as a result, a trend also clear in rival Tencent’s results earlier this month.

So Baidu will be feeling extra grateful for its cloud business, which grew its revenue by 31% from the same time last year on the back of steadily rising demand for internet applications. So sure, Baidu’s overall revenue dropped for the first time in two years, but the 5% dip was still better than analysts feared. Then sprinkle in some increased profit margins here – “here” being Baidu’s Netflix-esque video service iQiyi – with some cost cuts there, and Baidu’s profit came in a whopping 63% higher than expected.

Why Should I Care?

The bigger picture: No more awkward cab chats.
Baidu's newer ventures could help it further offset that sluggish core advertising business in the future. The internet giant’s doubling down on self-driving technology, for one, having invested heavily into the sector over the past five years. It’s been a good ride so far: Baidu’s “Apollo Go” driverless robotaxis completed nearly 300,000 rides last quarter, and it secured a permit this month that’ll let it operate without on-board safety supervisors for the first time ever in China (tweet this).

Zooming out: Buffett’s driving change.
Warren Buffett’s going driver-free too, with Pilot Co. – the Berkshire Hathaway-owned truck stop operator – agreeing to take a stake in driverless truck startup Kodiak Robotics last week. That could be a savvy move: the existing pool of truck drivers is shrinking and aging, so driverless solutions could help alleviate that shortage, bring down costs, and even improve safety too.

Copy to share story:

🙋 Ask a question

Analyst Take

Can Bitcoin Rise If The Nasdaq Doesn’t?

Can Bitcoin Rise If The Nasdaq Doesn’t?

By Jonathan Hobbs, Analyst

Bitcoin and the market’s so-called “growth stocks” have been moving almost hand-in-hand all year.

Their lockstep moves have led some investors to believe that bitcoin can only go up if the Nasdaq 100 – heavy with tech-sector growth stocks – does too.

Thing is, the data suggests the two are not as tightly correlated as you might think.

That’s today’s Insight: whether bitcoin can rise, even if the Nasdaq doesn’t.

Read or listen to the Insight here


Build your real estate empire

Buying a house is increasingly ambitious in this economy, let alone owning an empire.

Good job, then, that you can reap all the rewards of owning property without needing to cough up a huge chunk of cash.

By buying shares in rental properties with Arrived, you’ll be able to bring in monthly income while also seeing your investments grow in value over the years.

And you won’t have to deal with any traditional landlord headaches, either: Arrived will look after the management side for you, so you’ll never have to deal with admin or pesky tenants.

Browse rental properties on Arrived today.

Check Out Arrived

Europe Finally Has Its Own Back

Europe Finally Has Its Own Back

What’s Going On Here?

Data out this week showed that Europe’s already closing in on its gas storage targets.

What Does This Mean?

Russia’s been cutting the amount of natural gas it sends into Europe for months, and that supply’s about to drop even lower as the Nord Stream – one of the main pipelines between Russian and Europe – undergoes unexpected maintenance starting this week. But Europe’s been preparing for this: the region upped the minimum required level of its reserves earlier this year, and it’s been building those stockpiles as fast as it can. After all, those reserves typically provide around 30% of the fuel used during frosty European winters – and they’ll probably account for even more now there’s less imported gas to go around. While hoarding gas won’t solve all of Europe’s energy problems, it’s still good progress: European Union reserves were filled to nearly 80% last week, meaning the region’s hit its November target a whole two months early.

Why Should I Care?

The bigger picture: China’s trash is Europe’s treasure.
Europe did benefit from a stroke of good luck: China’s sputtering economy has pushed the world’s biggest buyer of liquefied natural gas to sell off surplus supplies, and Europe jumped at the chance to buy some for its reserves. But recent history’s warned the region against depending on one supplier, so it’s been trying to upgrade its own renewable energy infrastructure and bolster its energy imports from the Middle East and US as well.

For markets: Good news, bad reaction.
News of healthier-than-expected supplies sent Europe’s natural gas prices plunging by the most since March, a welcome change from their steep incline over the last few months. Mix that with data out on Tuesday that showed inflation expectations at their lowest since spring, and that’s, uh… still not enough to put a smile on dejected European faces. In fact, consumers and businesses are the most pessimistic they’ve been about Europe’s economic outlook since the Covid-ridden January 2021.

Copy to share story:

🙋 Ask a question

💬 Quote of the day

“Adventure is worthwhile in itself.”

– Amelia Earhart (an American aviation pioneer and writer)
Tweet this


Take a break from the volatility

Investing probably feels more turbulent than usual these days.

So if you’re seeking some more stability, you might want to check out rental real estate: a historically reliable way for you to build up long-term wealth while making monthly income.

We can hear you now: “but what about the massive upfront cost of buying a rental home, not to mention the headaches that come with management and tenants?”.

You don’t need to worry about that with Arrived: you can invest in shares of rental properties chosen for their investment potential, and its team will handle all of the management for you.

Enjoy some stability today: check out Arrived’s rental home investments.

Find Out More

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

🎯 On Our Radar

  1. Facebook wants its edge back. The has-been app has a plan to become cool again.
  2. Crypto without high fees. You can get up to €100 in ether just for joining Change and trading €100 in crypto.*
  3. Sugar might make you stupid. These rats are proof.
  4. Spotify’s bringing live music to its app. You can finally buy tickets while you’re tuned in.
  5. You can find anything on Reddit. Yup, even… that.


*T&Cs apply

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

🌍 Finimize Live

🎉 Coming Up In The Next Week…

All events in UK time.

🎉 How To Build Wealth In Your 20s: 5pm, September 1st
🤑 Inflation Strategies For Savvy Investors: 12pm, September 1st

🥳 And After That…

🇬🇧 In-Person Ladies Investing Meet-Up: 6.30pm, September 7th
⚡️ What’s Driving The European Energy Crisis?: 5pm, September 12th
💰 Building Crypto Wealth In A Bear Market: 12pm, September 20th
😎 Three Industries That Can Thrive During Recessions: 5pm, September 21st

❤️ 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: tynyuk - Shutterstock | Lemonsoup14 - 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 or through one of our partners. © Finimize 2021

View Online

Older messages

😍 Warren Buffett loves this stock

Sunday, August 28, 2022

America can finally snoop into Chinese companies | A software giant's about to get even bigger | Finimize Hi Reader, here's what you need to know for August 29th in 3:11 minutes. 🇬🇧 Today's

👀 Here's what hedge funds are buying

Thursday, August 25, 2022

Peloton needs to get the wheels spinning | Salesforce could let you down | Finimize Hi Reader, here's what you need to know for August 26th in 3:09 minutes. 🧬 You don't need to ace science

📈 Why is Bed Bath & Beyond rocketing?

Wednesday, August 24, 2022

The UK's getting nothing from Russia | Big shops aren't confident about big spending | TOGETHER WITH Hi Reader, here's what you need to know for August 25th in 3:05 minutes. 👑 Maybe once

🚗 Xpeng doubled its losses

Tuesday, August 23, 2022

Xpeng's costs bit it in the bumper | Zoom had buffering problems | Finimize Hi Reader, here's what you need to know for August 24th in 3:12 minutes. 📈 The new Markets Beta feature is finally

🇨🇳 China takes drastic measures

Monday, August 22, 2022

Finimize Hi Reader, here's what you need to know for August 23rd in 3:03 minutes. 📣 Help us create content that you're actually interested in by telling us how you're feeling about

Longreads + Open Thread

Saturday, September 24, 2022

Russia, Japan, Documentaries, Financial Engineering, Pollen, Grocery ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

An appeals court decision against Donald Trump came back to bite MyPillow CEO Mike Lindell in a separate case

Saturday, September 24, 2022

A day-old appeals court decision against Trump boomeranged to work against MyPillow CEO Mike Lindell, a prominent ally of the former president. View in browser Business Insider Business Insider

Inflation’s costly fight

Saturday, September 24, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter Central banks from Ulaanbaatar to Pretoria and Washington to London have unleashed aggressive tightening to combat some

The ‘sham’ votes begin

Friday, September 23, 2022

Bloomberg Evening Briefing View in browser Bloomberg In what have been labeled by Ukraine, the US, NATO and others as “sham” votes, Kremlin forces and Moscow-aligned rebels in four occupied territories

Harnessing the Power of Insurance

Friday, September 23, 2022

Plus: Inflation, Market Stress, Payment for Order Flow ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Elon Musk says SpaceX avoids using patents to build rockets because they're for the 'weak' and block innovation

Friday, September 23, 2022

Elon Musk told CNBC that patents were normally used as a "blocking technique" and prevented other companies from advancing. View in browser Business Insider Business Insider Business Insider

Wall Street: The party’s over

Friday, September 23, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hi. Aaron Weinman here. Performance reviews are back. Hiring has slowed. And Wall Street's most influential

The Daily StockTips Newsletter 09.23.2022

Friday, September 23, 2022

(Published 7:30 AM ET MON-FRI) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[New post] Trapped in a web of debt? Inefficiencies from corporate debt and the potential case for macroprudential intervention

Friday, September 23, 2022

BankUnderground posted: " Emily Clayton and Martina Fazio Debt creates threads between the financial system and the real economy. These threads transmit shocks across a web of connections, meaning

🥶 Brits get a hike and a recession

Thursday, September 22, 2022

Bank of England hikes rates and acknowledges recession | US and allies try to outstrip Chinese tech | TOGETHER WITH Hi Reader, here's what you need to know for September 23rd in 3:07 minutes. 👻