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Today's big stories

Chinese ride hailing giant Didi joined the US stock market
Coinbase’s Sid Shekhar has a few ideas about how you can start earning a real income from your crypto portfolio – Read Now
US companies are all set to announce their quarterly earnings, and things are looking promising

Hello, America

What’s Going On Here?

Chinese ride hailing giant Didi made quite the entrance onto the US stock market on Wednesday, and investors initially sent its shares up 19%.

What Does This Mean?

Didi’s stock market debut raised around $4.4 billion, making it the second-biggest US listing by a Chinese company after Alibaba’s back in 2014 (tweet this). Its stock bump puts the company’s valuation at $80 billion – up $18 billion from its last private funding round. And while that’s some way off the $100 billion some analysts had been anticipating, it bodes well for another East Asian firm with Stateside aspirations: Singapore’s Grab Holdings will be hoping it can follow in Didi’s footsteps when – if all goes to plan – it lists later in the year by merging with a special-purpose acquisition company.

Why Should I Care?

The bigger picture: SoftBank cashes in.
This listing is a big deal for venture capital giant SoftBank, which counts Didi among its biggest investments. The Japanese firm has paid huge sums for stakes in promising companies over the last few years, but it’s always crossing its fingers that stock market investors will pay even higher valuations so it can turn a profit. But as far as this deal goes, SoftBank will have pocketed a few billion dollars – going some way to validate its high-risk strategy.

For markets: Underestimate retail investors at your peril.
Didi wasn’t the only company to list on Wednesday: Hertz returned to the stock market a little more than a year after the pandemic drove the car rental company to bankruptcy. Hertz became the poster child for supposedly irresponsible behavior back in June 2020, after retail investors started buying shares of the theoretically worthless company for $5 apiece. But they’ve had the last laugh: Hertz’s shares hit nearly $10 on Wednesday.

You might also like: How to profit from the next big stock market listing.

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2. Analyst Take

How To Put Your Crypto To Work

What’s Going On Here?

Investors approach crypto differently in different cycles, just like any other market.

And in the last market cycle, they essentially had two choices: HODL and potentially be left with a depreciating asset, or sell up.

But there’s another choice these days: earning income on the crypto holdings that you have – otherwise known as yield farming.

As for how best to do that, there’s no one better to ask than Coinbase’s Sid Shekhar. So that’s exactly what we did.

Sid told us how yield farming works, how it’ll support crypto prices over the long term, and how you can make an income from your own crypto portfolio.

Read or listen to the Insight here

The future is sustainable

Between the pandemic, social inequality, and climate change, it’s more important than ever to take care of the future.

That’s exactly what Jupiter Asset Management is doing – and has been doing for the last three years – with its Global Sustainable Equities Fund.

The folks over there know that every investing decision needs to balance three key stakeholders in order to stand the test of time: planet, people, and profit.

And now Jupiter’s written a report looking at how companies are adapting to everything from gender equality to climate change response – and which of them are the stand-outs.

It’s forward-thinking companies like Jupiter that’ll be leading the sustainable transition.

Head over to Jupiter’s report to learn more.

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