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- š Musk wins
š Musk wins
and inflation is cooling down
Good morning investors! Yesterday was a big day for some stocks as the market remained strong, but BTC once again fell under $67,000.
Webinar replay: How to Make Money Online webinar replay is available until Sunday night.
Today we cover:
Inflation is cooling down.
Tesla and Elon Musk win big.
How to invest in India.
š Economy and News
Wholesale prices unexpectedly fell 0.2% in May

The producer price index (PPI), which measures the prices producers receive for their goods and services in the open market, decreased by 0.2% for the month. This decline follows a 0.5% increase in April and contrasts with the Dow Jones estimate of a 0.1% rise.
When excluding food, energy, and trade services, the PPI remained unchanged, while expectations had predicted a 0.3% increase.
Annually, the overall PPI rose by 2.2%.
Following the report, stock market futures experienced modest gains, and Treasury yields decreased.
The PPI was primarily affected by a 0.8% drop in final demand goods prices, marking the largest decline since October 2023.
In the services sector, retail margins for fuels and lubricants surged by 12.2%. However, this was partially offset by a 4.3% decrease in airline passenger services prices.
Global hits:
India is set to have a record number of IPOs in 2024.
Microsoft employeesā cybersecurity contributions will factor into their pay.
European stocks close lower as markets assess U.S. outlook; autos down 2.3%.
Also check: Initial claims for unemployment insurance jumped to 242,000 for the week ended June 8. Thatās the highest level since August 2023.
š Stocks
S&P 500 5,433.74 (+0.23%)
DJIA 38,647.10 (-0.17%)
NASDAQ 17,667.56 (+0.34%) (-%)
BRENT CRUDE 82.75 (-0.02%)
* Prices as of Jun 14th, 12:20 AM UTC
Teslaās good day
Earlier yesterday, Elon Musk announced that Tesla shareholders were largely in favor of approving a compensation package for him worth approximately $45 billion (Ā£35 billion) ahead of the electric carmakerās critical annual general meeting later on Thursday.
This announcement pushed Tesla's stock to a high of $191.08 before it settled at $182.66, still up about 3% at market close.
Ultimately, shareholders voted to ratify CEO Elon Muskās 2018 pay package.
This compensation package, the largest ever awarded to a CEO of a US company, faced an investor ballot after being rejected by a US judge earlier this year. Additionally, shareholders will vote on Muskās proposal to relocate Teslaās legal headquarters to Texas.
Several investors, including Norwayās sovereign wealth fund and the California State Teachersā Retirement System, have already stated their opposition to the pay package. Proxy advisory firms Glass Lewis and Institutional Shareholder Services have also recommended that shareholders vote against the award.
Also, the company expects to raise Model 3 prices in Europe after higher EU tariffs on China EVs.
Surprising: Wise shares plunge 10% after fintech firm projects slower growth this year.
Exciting: Chinaās top smartphone player Honor launches first flip foldable phone in challenge to Samsung.
šµ Personal Finance
How to invest in India
Worldās most attractive emerging market, India, is attracting a lot of foreigners, but why should big companies enjoy all the perks? You can also invest in this growing market and make money from it.
Indiaās stock market is now the fourth-largest in the world, as measured by the total value of listed companies, and benchmark indexes have hit successive record highs this year. Its Nifty 50 and BSE Sensex indexes are both more than 20% higher over the last 12 months.
In comparison, S&P 500 is up 24.37% in the same period and NASDAQ is up 30%. This makes India a very good option for people looking to diversify and interested in international markets.
The stock market isnāt the only thing, itās overall economy is also growing and is expected to grow by 7.6% this year.
So, how do you invest in India? When it comes to individual investors, foreign-based non-Indians arenāt allowed to directly buy stocks via online trading platforms, but can access the market via mutual funds and exchange-traded funds (ETFs).
There are also ADRs and GDRs ā American and Global Depositary Receipts ā which allow overseas citizens to gain access to foreign stocks via their own countriesā stock exchanges.
Also, there are ETFs for international investors to track Indiaās indexes. These include Columbia India Consumer ETF, the First Trust India NIFTY 50 Equal Weight ETF and the BMO MSCI India ESG Leaders Index ETF.
European investors can consider ETFs like the iShares MSCI India UCITS ETF, which provides exposure to around 85% of the stock market, and the Xtrackers MSCI India Swap UCITS ETF Capitalisation 1C.
Other international markets also offer access to India, including the iShares MSCI India Climate Transition ETF in Singapore.
Another way: Some Indian companies trade on international indexes as well, such as travel company MakeMyTri on the Nasdaq.
š° Be a Better Investor
āTime is free, but itās priceless. You canāt own it, but you can use it. You canāt keep it, but you can spend it. Once youāve lost it you can never get it back.ā
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