Weekly Wrap For The Week Ending August 5th, 2022

Weekly Wrap For The Week Ending August 5th, 2022

over 1 year ago1 min

Key takeaways from this week:

  • Alibaba may have reported its first ever quarterly revenue drop but it was still better than analysts had feared
  • The Bank of England increased interest rates by the most since 1995 but warned of a long recession to come for the UK
  • Uber posted its first ever cash flow positive quarter as the value of bookings made on its platform hit an all-time high

And if you're gonna read one insight this week, make it this one looking at where stocks could go after this earnings season.



All the daily investing news and insights you need in one subscription.

Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

/3 Your free quarterly content is about to expire. Uncover the biggest trends and opportunities. Subscribe now for 50%. Cancel anytime.

© Finimize Ltd. 2023. 10328011. 280 Bishopsgate, London, EC2M 4AG