Weekly Wrap For The Week Ending July 15th, 2022

Weekly Wrap For The Week Ending July 15th, 2022

over 1 year ago1 min

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Key takeaways from this week:

  • Elon Musk said that he's pulling out of his deal to buy Twitter but the social media giant isn't going down without a fight, announcing plans to sue the world's richest man
  • Banking giant JPMorgan's results disappointed as it built up reserves for bad loans and its investment banking business dived – a bad omen for the rest of the sector this earnings season
  • US inflation climbed by more than expected last month, which will only make it more likely the Fed goes ahead with a jumbo rate hike later this month

And if you're gonna read one insight this week, make it this one looking at looking how to protect yourself if Russia pulls the plug on Europe's gas.

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