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Today's big stories

Alibaba’s third quarter results were better than expected
Hundreds of economic indicators suggest things could be looking up for investors – Read Now
The UK’s central bank announced fresh economic support as the country heads into another lockdown

1/3

Royal Treatment

What’s Going On Here?

All work and no play makes Jack a rich boy: Chinese conglomerate Alibaba reported better-than-expected quarterly earnings on Thursday.

What Does This Mean?

Alibaba’s revenue from its main ecommerce business came in 29% higher than the same time last year. That’s down from last quarter’s 34%, sure, but it was still in line with analysts’ expectations. Alibaba’s cloud computing business did well too, growing its revenue by 60% for the second quarter in a row – good news considering the company’s aiming to make the segment its biggest money-spinner in future. Still, it’ll take more than a few good results to distract Alibaba’s investors from what could’ve been: fintech giant Ant Group was supposed to start trading on Thursday, and Alibaba’s stake in the company was all set to become a whole lot more valuable (tweet this).

Why Should I Care?

For markets: Wuh-uh-oh, uh-uh-oh-oh.
Good thing Singles' Day – the world’s biggest one-day shopping event – is just around the corner. The event’s a crucial one for Alibaba’s current quarter, with sales across its multiple shopping platforms hitting nearly $40 billion last year. The tech giant, then, might be stocking up on foreign brands to help it reach those dizzying heights: it’s expecting to see a major boost for the products would-be Chinese tourists usually buy overseas, but now – well, you know…

Zooming out: Party poopers.
It was China's regulators that were behind Ant Group’s postponed initial public offering, and the Alibaba spin-off is in good company. US regulators – having concluded last month that Big Tech is just too big – recently filed a lawsuit against Google, while the European Commission is expected to announce new digital regulations in early December. It’s hoping they’ll make tech giants more responsible for the content posted on their platforms, as keep them from standing in the way of fair competition.

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2/3 Premium

Hundreds Of Reasons To Be Hopeful

What’s Going On Here?

Plenty of investors are feeling pretty downbeat right now – especially with the world’s richest countries introducing brand new lockdowns.

But here’s the thing: there are signs of a real economic resurgence out there, and that bodes well for your portfolio.

Take the Chinese economy, which grew 4.9% in the third quarter compared to the same time last year. Or South Korea’s, which is benefiting from a massive surge in exports.

And it’s not just happening in Asia: hundreds of economic indicators – from UK house prices to orders for brand-new Ferraris – are back to pre-pandemic levels.

We dug a little deeper into where’s looking best for your investments: you can check out what we think here.

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3/3

Public Dispray Of Affection

What’s Going On Here?

It’s nice when the Bank Of England (BoE) shows you it cares: the central bank announced on Thursday it’d pump an extra $195 billion into the UK economy.

What Does This Mean?

The BoE agreed to buy a fresh round of government bonds, which makes this the fourth time since March that it’s flooded the UK economy with cash to give it a boost. And it might not be done yet: the central bank said it’ll take even more action if it needs to.

The announcement came as the BoE lowered its economic growth estimate for the UK: it’s now expecting the economy to shrink 2% this quarter, down from the 5.4% growth it predicted in August. That probably has something to do with the country’s imminent four-week lockdown, but Brexit – yep, Brexit’s still happening – isn’t exactly helping: the BoE warned that unless businesses start preparing, the economy will take another hit next quarter.

Why Should I Care?

Zooming in: Jobs jobs jobs.
The UK’s mounting job losses – 2,600 more of which came from Lloyds bank and department store chain John Lewis on Thursday – likely influenced the BoE’s decision too. But the BoE might be hoping its new bond-buying measures will help stem the tide: the more money it introduces into the economy, after all, the further the cost of borrowing will fall – which should in theory, help businesses keep ticking along with their workforces intact.

The bigger picture: It’s the economy, stupid.
With the US election still hanging in the balance, America’s central bank opted not to make policy changes at its own meeting on Thursday. It’s previously said it would do whatever it took to help the economy, but that government action was a quicker way to put cash in people’s hands. Uh, about that: the government couldn’t agree on a support package before Tuesday’s election, and it’s anyone’s guess when it ever will.

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🙋 Ask a question

💬 Quote of the day

“Don’t cry because it’s over. Smile because it happened.”

– Dr. Seuss (an American children's author, illustrator, poet, and animator)

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🌎 Finimize Community

🤞 Fingers crossed, right?

Chancing it can seem like a great idea when you’re picking from a menu, but not when it comes to your financial future. So next Tuesday, we’ve invited three expert speakers to tells us how you can plan for all the major life events and overcome any tricky challenges along the way.

🤑 Income Enhancing Tactics: 11am Vancouver Time, November 10th
🤰 Financial Planning Through Life Stages: 6pm UK Time, November 10th
📈 Creating A Diversified Portfolio: 2.30pm UK Time, November 11th
🌏 Fintech for Ethical Investing: 6pm Dubai Time, November 16th
🙋‍♀️ Women & Investing: 2pm UK Time, November 18th

😭 In case you missed it

Here’s are a few of pieces of Premium content we thought you might like…

Premium Insights:
🧙‍♂️ Here’s one strategy to rule the US stock market
🤕 Data suggests you might want to ditch your biggest stocks
☀️ Now might be value stocks’ time to shine

Packs:
🇺🇸 What’ll happen to the markets beyond the election?
👻 Everything that happened in October, in one quick catch-up
⛏ How to pick the perfect stocks for your portfolio

📚 What we're reading

Online parks could save the internet (Wired)
Keep calm and think of green puppies (CBS News)
Kanye 2024 (Deadline)

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Finimize - 👑 Long live Alibaba

Today's big stories

Royal Treatment

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Hundreds Of Reasons To Be Hopeful

🌎 Investing that can make a difference

Public Dispray Of Affection

What’s Going On Here?

What Does This Mean?

Why Should I Care?

🤞 Fingers crossed, right?

😭 In case you missed it

👑 Earn like royalty with ANote Music

Older messages

⚠️ Don’t celebrate just yet

🇺🇸 Your Election Day guide

👻 Big Tech goes boo(m)

🔧 Boeing's falling apart

🚀 Microsoft takes off

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