Equity Why you have to pay attention to the public markets this week
Jul 25, 2022
This week highlights the mixed signals from global stock markets and a modest selloff in crypto after recent gains. It's Earnings Week, with major tech giants like Alphabet and Amazon revealing their financial health amid concerns about hiring freezes. Meanwhile, Cartona is making waves in Egypt’s supply chain. In crypto, Voyager faces turmoil, and the grocery delivery wars heat up as Uber and DoorDash challenge Instacart's lead. Tune in for insights into these fascinating trends!
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Market Overview
- Global stock markets show mixed performance, with Asian markets lower, European markets higher, and U.S. markets poised for a rise.
- Cryptocurrencies experience slight losses, but Bitcoin remains above $20,000, while Ethereum holds around $1,500.
Earnings Week Insights
- Major American tech companies, including Apple, Amazon, Alphabet, Microsoft, and Meta, will report earnings this week.
- These reports will provide crucial insights into the health of various sectors, including advertising, cloud computing, and consumer spending.
Cartona's Funding and Strategy
- Cartona, an Egyptian startup, raised $12 million to digitize the traditional trade market by connecting buyers and sellers on a single platform.
- The company aims to achieve profitability through sustainable growth and positive unit economics.