Markets
Nikkei 225
29,161.80
▲ +213.07 / +0.74%
SSE Composite
3,589.75
▼ -21.11 / -0.58%
IBOVESPA
130,812.29
▲ +1,371.26 / +1.06%
Straits Times
3,153.14
▼ -4.83 / -0.15%
BMV IPC
51,070.53
▼ -215.93 / -0.42%
Dow Jones
34,325.36
▼ -154.24 / -0.45%
DAX 30
15,709.32
▲ +16.05 / +0.10%
BSE SENSEX
52,551.53
▲ +76.77 / +0.15
FTSE 100
7,169.93
▲ +35.87 / +0.50%
JSE Top 40
61,717.25
▲ +272.59 / +0.44%
Market News
- SSE Composite: As global tension between NATO nations and China, the SSE Composite started out this week ever so slightly down.
- DAX 30: Germany’s DAX index appears to be on a slow track toward growth and rebounding from pandemic woes.
- NASDAQ: The NASDAQ index appears to be inching toward recovery.
Last Week’s Highlights
G7 Summit Commences in Cornwall
After four years of Donald Trump, leaders of the US’ fellow G7 countries are in for a new agenda. From Friday to Sunday of this past weekend, new international agreements are expected to be made. On the table are likely mass donations of COVID-19 vaccines for countries in need around the globe.
Israel’s New Historic Leadership
For 12 years, Benjamin Netanyahu has led Israel. Last Sunday, the Iraeli parliament decided to move away from Netanyahu’s vision, opting to oust and replace him with a coalition government. He has since been replaced by Naftali Bennet, after losing by a mere singular vote.
Coming Up This Week
Private Equity Industry Gaming the Tax System
During the end of the Trump administration, private equity firms were given extra help to avoid paying millions in taxes. Throughout the US’ history, providing ways for the private equity industry to evade taxes has overlapped party lines. While many firms would usually pay around 37% of income in taxes (the highest percentage), money that flows in isn’t considered income but rather capital gains, thus warranting a much lower tax rate of 20%.
Empty Seat Auctioned Off For Blue Origin Flight
As the Bezos brothers are set to go into outer space with Blue Origin, one other open spot remains. This is such a coveted opportunity, that at auction the seat went for $28 million. So… what does the new owner of this ticket get for such a high price tag? An 11-minute ascent past the 62-mile mark in Earth’s atmosphere.
More Things to Sip On…
Cyber attacks foiled by the FBI, but the worst could still be yet to come.
Recent outrage in Belarus and collaboration with Russia have some neighboring countries worried.
Relations with China and NATO intensify, as countries grapple for power.
Academy
5 Investment Tips To Become A Smart Investor
“Why don’t you invest? Or why do your friends not invest? Many millennials report mistrust of the market, lack of know-how, insufficient funds, and student debt as barriers that prevent them from investing.”
6 Steps to set your Personal Financial Goals
“No matter what stage of life you currently find yourself in, we’re pretty sure that you’ve given some thought about both your short- and long-term personal financial goals.”
20 Side Hustle Ideas to Boost Your Income
“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.”
“During recession greed dies, frugality survives.”
– Amit Kalantri –
Disclaimer
All market information provided was collected in the afternoon of June 11, 2021. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest Limited is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Limited.
