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Myanmar experiences high stakes coup

newsflight february 8

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Market News

  • SSE Composite: Although some Chinese assets appeared to drop in value last week, the SSE Composite showed relatively positive behavior. 
  • Dow Jones: The US’ Dow Jones Index appeared to finish the week strong, eventually closing the week and Friday up.
  • DAX 30: Since the beginning of the COVID-19 pandemic in Europe, Germany has managed to pull forward. These last few weeks have been no exception, with the DAX 30 showing out during the new year.

Last Week’s Highlights

Myanmar Experiences High Stakes Coup

The Southeast Asian country of Myanmar, formerly known as Burma, experiences a coup d’etat this past week, with the former leader Aung San Suu Kyi kept in military custody. Aung San Suu Kyi represented a new era of government for Myanmar, a more democratic option for the country as it continues to struggle with the results of colonial and imperial rule from the last few centuries. Her loyal followers have since staged protests all over the country, prompting the coup’s leaders to shut down access to the internet.

Fox News Faces Major Lawsuit

Fox News, the right-wing news station that bolstered support for Donald Trump over the last six years since his initial presidential campaign launch, is being sued for $2.7 billion. The lawsuit is founded on claims by Smartmatic, a company focused in digital voting tech, that Fox News helped spread disinformation, or intentional fake news, about the company’s role in the 2020 presidential election. The narrative supported also by major Trump supporters Rudy Giuliani and Sidney Powell, among others, has, according to Smartmatic, has jeopardized the company’s reputation and legitimacy.

Coming Up This Week

COVID-19 Relief Appears to Be on the Way

This past week, the US’ congress took steps to guarantee implementation of newly inaugurated President Joe Biden’s stimulus package that would total to around $1.9 trillion. This process began with the House of Representatives, which is currently Democrat-controlled. And the package would ideally give around $1,400 per recipient, an unprecedented amount. In fact, the total of $1.9 trillion planned to be put toward the US economy is greater than any stimulus package in the country, and significantly more than during the 2008-2009 crisis.

The Russian Vaccine Holds Its Own

Around the world, the production and distribution of COVID-19 vaccines continues to ramp up. Russia’s Sputnik vaccine appears to be gaining fame for trusted medical research showing that it is just as effective as those from Moderna and Pfizer. Since it’s announcement in August of 2020, many around the world have come to criticize the Russian COVID-19 vaccine. However, these recent trials show a much more positive outlook.


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“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.”

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“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.” 

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“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of February 8, 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 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 Inc.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. 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 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 NewsFlight are not representative of FlexInvest.

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