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.

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