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Market Overview

Fintech Focus For July 8, 2020


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Daily Perspective: Capital markets are not free markets allocating resources in traditional ways. - Ray Dalio

Fintech Movers: Nasdaq and the London Stock Exchange Group have both taken steps to grow the digital asset ecosystem as institutional interest increases. - Markets Media

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.

Today's disruptive innovator is Betterment, a holistic solution for wealth accumulation and management.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!

Watch Out For This: After six months of exhaustive investigation, the global scientific community has been unable to identify the natural source of COVID-19, that is, the when, where, and how it "jumped" from animals to humans. - ZeroHedge

  • How to tell stories to investors.
  • Microsoft may axe control panel.
  • Lobbyists, lawyers, PE tap PPP.
  • Trump pushes school reopening.
  • US will formally leave the WHO.
  • TikTok to pull out of Hong Kong.
  • 3D printing is having a moment.
  • Investors buy Italian mafia bonds.

Photo by FactSet and Alger from Market Ear. 

Market Moving Headline: States with faster case growth are now underperforming economically based on measures of small business activity, restaurant bookings, and spending. - Deutsche Bank

  • German unemployment jumps.
  • Europe faces deeper recession.
  • Zoom intros new subscriptions.
  • BMO sees SPX reaching 3,400.
  • Walmart intros member program.
  • United faces a stalled rebound.
  • Uber launches grocery delivery.
  • Technology at risk if Biden wins.
  • US Airlines sign letters of intent.
  • Lyft’s recovery looks overheated.
  • Zero rates lead to forex volatility.

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