Download Now!
Read Stories

CubeWrap - Crispy & Crunchy Financial News

You are reading the 1st edition of CubeWrap. This is where you’ll find financial news that matters & nothing more.

Team Cube

Your All American Breakfast 🥞

Inflation Is On The Rise In The US

  • US medium-term inflation rate expectations have risen to 2.5%.
    A similar figure was last seen during the 2007-08 financial crisis.
    (Source: Financial Times

The S&P 500 Took A Dive 

  • The S&P 500 ended Thursday sharply lower at 3,768.47. (Source: Market Watch
  • News stories are attributing the drop to Federal Reserve Chair Jerome Powell’s failure to reassure investors that surging bond yields and inflation expectations would be checked. (Source: CNBC)
  • However, the S&P 500 rallied to end the week at 3,841.94. (Source: Market Watch

Square Inc. Has Started A bank

  • Square Inc. has launched ‘Square Financial Services’, their very own industrial banking operation.
  • It will primarily offer business loans and deposit products (current account; deposit account, etc).
  • Fun Fact: Square Financial Services Chief Risk Officer Sharad Bhasker is an Indian born, Anna University & Rutgers University graduate.
    (Source: Yahoo Finance)

Your Mid Day Snack 🍟

Dogecoin May ACTUALLY Become Useful!

  • Dogecoin owners will soon be able to use the cryptocurrency to pay for NBA team Dallas Mavericks’ game tickets and merchandise.
  • Billionaire Mark Cuban owned Mavericks have struck a deal with BitPay, a crypto payment services provider.
    (Source: Dallas Mavs)

Your Desi Lunch Thali 🍛

NSE Glitch May Be Costly

  • Financial minister Nirmala Sitharaman was quoted saying the NSE glitch will be costly for everyone involved and that India must look to build a seamless digital payments system. (Source: TOI)
  • The NSE has experienced a major glitch on 24th February 2021. Investors couldn’t buy or sell stocks for almost 4 hours. 

The Rupee Gains Muscle

  • The INR ended Wednesday at 72.72 against the USD. The 65 paise increase is the biggest single-day gain seen since September 2020. (Source: Business Standard)
  • News sources attribute the drop in the value of the USD to the surging bond yields and inflation concerns. (Source: Business Standard)
  • Analysts see potential in the INR due to healthy FPIs and growing financial concerns in the US. (Source: Moneycontrol)

Healthy FPI Influx In Banking And Financial Sectors

  • FPIs in the banking and financial sector hit $1.96 billion in February. FPI assets in the sector grew to 34.8% in February from 33.8% in January 2021.
  • The surge in FPIs led to a brief but promising upturn in the Nifty Bank index. 
    (Source: Business Standard)

Your Evening Snack 🍇 🍉 🍍 🍎

Petrol & Diesel Prices May Reduce In The Future

  • The Finance Ministry is considering cutting taxes on petrol & diesel. It has initiated discussions with the oil ministry, oil companies, and certain states for this purpose. (Source: India Today)
  • Oil prices in India breached the ₹100-mark in certain states towards the end of February. (Source: Livemint)

Italy Raises €8.5bn In Its First Green Bonds Issuance

  • Italy may just have become Europe’s largest issuer of Green Bonds. The money raised via Green Bonds may help fund renewable energy projects and refinancing existing projects.
    (Source: Bloomberg)

The UK Plans To Issue More Green Bonds Than Italy

  • The UK is looking to boost the government’s green initiatives with a proposed £15 billion worth of Green Bonds.
  • New stories suggest the UK’s first issuance of Green Bonds looks set to beat Italy’s Green Gilts order book as of now. 
  • Proposed Green Bonds may help fight climate change and create environment-friendly jobs.
    (Source: Evening Standard)

That’s all folks! Go back to your coffee ☕while our app Cubes your wealth 😃

Team Cube

Top 5 Reasons To Try Our Powerful Investment App!
  • High Quality Mutual Funds
  • Top Notch Stock Advisory
  • Invest in U.S. Stocks
  • Alternative Investments
  • Low Minimum Investments

Grow your money without wasting time

on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!

Download Cube >