🔨 No jobs in the US?

and making money online

Good morning investors! The market is giving mixed signals but investors don’t seem to be scared; however, they’re awaiting today’s inflation data.

Today we cover:

  • Americans struggling to find jobs.

  • Nike and more fall

  • Making money online

Yesterday, we asked our followers what they think of the new ‘carbon tax’ on cattle and the opinion is clear – they don’t approve of it.

📊 Economy and News 

No jobs for Americans?

The latest data from the Labor Department indicates that Americans are experiencing longer periods of unemployment, reflecting a decelerating economy.

A report released on Thursday shows that the number of Americans receiving jobless benefits for multiple weeks has reached its highest point since November 2021. Specifically, continuing claims—filed by individuals who have received unemployment benefits for at least a week—rose to 1.839 million for the week ending June 15, up from 1.821 million the previous week.

This data suggests that unemployed individuals may be encountering increased difficulties in securing new employment. Conversely, there was a slight decrease in the number of first-time unemployment claims. For the week ending June 22, there were 233,000 initial claims, down by 6,000 from the prior week's revised level of 239,000.

While the number of initial claims remains close to pre-pandemic levels, it is still significantly below historical averages. However, the four-week average of 236,000 claims is the highest since early September of last year, indicating an upward trend in recent weeks.

Global hits:

Also check: NFL hit with $4.7 billion verdict in ‘Sunday Ticket’ antitrust trial.

A little about space: The EU’s $2.1 million ASCEND study concluded that launching data centers into orbit is technically, economically and environmentally feasible.

The total global electricity consumption from data centers could reach more than 1,000 terawatt-hours in 2026 — that’s roughly equivalent to the electricity consumption of Japan, according to the International Energy Agency.

ASCEND’s space-based data storage facilities would benefit from “infinite energy” captured from the sun and orbit at an altitude of around 1,400 kilometers (869.9 miles).

In separate news, we know that NASA will have a spacecraft from Elon Musk’s SpaceX guide the International Space Station’s destruction after its retirement in 2030.

The agency awarded an $843 million contract to SpaceX to build the so-called “U.S. Deorbit Vehicle.”

📈 Stocks

S&P 500 5,482.87 (+0.091%)
DJIA 39,164.06 (+0.093%)
NASDAQ 17,858.68 (+0.30%)
BRENT CRUDE 86.41 (+1.24%)
* Prices as of Jun 28th, 12:20 AM UTC

Nike falls, as we had predicted

Nike was our Investment of the Week and we had warned the company may fall after the earnings. It’s down -10% after the bell and we hope you were able to benefit from this change.

The company warned that it would cut its fiscal 2025 guidance as it continues to face challenges in its business.

For the fiscal fourth quarter, the sneaker giant handily beat earnings estimates but fell short on Wall Street’s sales expectations.

To ensure you don’t miss out on such opportunities in the future, make sure to upgrade to the PRO version now.

In addition, H&M plunged more than -14% after the company reported a smaller-than-expected increase in second-quarter profits. Also, Walgreens reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook due to a “challenging” environment for pharmacies and U.S. consumer.

Amazon and competition: Amazon is encountering intense competition from various quarters. On July 9, TikTok Shop will launch sales on thousands of items, including clothing, beauty products, books, and home decor. This announcement follows closely on the heels of Amazon's disclosure that its annual Prime Day mega sale will occur on July 16 and 17 this year.

Meanwhile, Amazon recently hosted a private event for sellers in China, unveiling plans for a new budget storefront that will offer low-cost apparel, home goods, and other products.

This new storefront is poised to directly compete with Temu and Shein, two fast-growing e-commerce platforms with connections to China that have gained significant traction in the U.S. market.

Surprising: Boeing blames missing paperwork for Alaska Air incident, prompting rebuke from safety regulators.

💵 Personal Finance

Make money online - Part V

Here’s another great way to make money online:

Become an influencer to make money

Said to be worth over $21.1 billion, influencer marketing is growing at a rate of 10%, and presents a great opportunity for people looking to make money.

Most of our subscribers are interested in finance, which is an in-demand niche. A lot of people are on the lookout for experts who can teach them to manage money, people, homes, etc.

After all, influencers are people who have power over others, i.e: they can influence decisions. Businesses are on a lookout for influencers who can help them reach a wider audience and make more sales.

As an influencer, you’d be creating content in the form of written blogs, videos, photos for your clients who will pay you for each post. You must have a decent number of followers to become an influencer.

Join a platform like Afluencer to find brands or get in touch with companies and apply for a position.

These days, even AI influencers are in demand. If you are good with technology, you can create an AI avatar and use it to ‘influence’ people.

There’s a lot of money to be made. Influencers with fewer than 100,000 followers make about $50 per post. Influencers with more than 1 million followers can make up to $250,000 per post. Some top influencers including Dwayne Johnson and Kim Kardashian, make up to $1 million per post. However, it can take years to build such a following.

On the plus side, you do not need a college degree to be an influencer but you must have experience and skills to be a successful influencer.

Your main job will be to make regular posts and gain a following. Once you’ve generated buzz, you can work about 2 hours per day to stay in touch with your followers and keep engagement levels high.

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💰 Be a Better Investor

“The only man who never makes mistakes is the man who never does anything.”

Theodore Roosevelt

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👩🏽‍⚖️ Legal Stuff
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