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Neelie
Verlinden

Market Analyst
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Samsung, India, the IMF: This Week's Top Trending Financial Tweets - Week 27

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07/05/2019 | 10:41am EDT

Welcome back to our weekly recap of financial Tweets. We've got news about Samsung, India, the IMF, and more, so here goes: this week's selection of 7 trending financial Tweets.





#7. Strong US job growth

On Friday, there were good results coming form the US. The country's nonfarm payrolls jumped to 224 000 in June, well above the market expectations of 165 000, CNBC reports. Unemployment rose a little bit, to 3.7%, but is still hovering around 50-year lows.

Markets still expect the US central bank to cut its interest rates later this month, despite the latest payroll report.


#6. High-tech growers boost production

Vertical farms, filled with plants from floor to ceiling, are increasing their production to meet the growing demand, Reuters reports. 

The newest farm from vertical farm company Plenty, for example, will be able to supply over a hundred grocery stores, against only three stores and a couple of restaurants with its previous farm.


#5. India’s plastic clean-up

India’s new, strict rules to battle its plastic trash problem demand from consumer-goods companies such as Nestlé that they get actively involved, the Wall Street Journal reports.

As plastic waste generated by the average Indian went up 69% between 2015 and 2018, this means there is a lot of cleaning up to do… 


#4. The next head of the IMF

Who is going to replace Christine Lagarde as she stops as managing director of the IMF? European governments are thinking of Mark Carney, the current Governor of the Bank of England, Bloomberg reports.

Carney is Canadian by birth, but has both a British and an Irish passport and he has governed the central banks of the UK and Canada - which makes him a hard candidate to beat.


#3. How China sorts its waste

In its efforts to tackle the plastic problem, India could perhaps take a look at China for ideas. China, also in a war on garbage, uses tech to sort its waste, TechCrunch reports. Think, for example, of QR codes that are attached to trash bags and that allow the municipal governments to trace exactly where the rubbish comes from.

To help confused citizens, China’s tech startups and large internet companies developed new features to help people identify what wastes are for example ‘wet’, ‘dry’, ‘toxic, or ‘recyclable’. 


#2. Samsung’s earnings expectations

On Friday, Samsung announced that it expects a 4.2% decline in revenue and a decline of over 50% in profits for the second quarter, Yahoo Finance reports.

Analysts believe this is due to a lower demand for chips and some think it’s another sign that the market for smartphones is reaching maturity. 


#1. Amazon and Deliveroo

In May, Amazon has led a $575 million fund-raising in Deliveroo, something both parties call a ‘minority’ investment. Te UK’s competition regulator, however, has put a (temporary) stop on Amazon’s investment, Reuters reports.

The regulator said it has grounds to suspect that both companies had ‘ceased to be distinct’ and ordered them to operate independently for now. The investment in Deliveroo is Amazon’s most recent attempt to enter the takeaway delivery market which is worth around $100 billion globally, according to the same Reuters article.


Well, there you have it, the 27th week of 2019 all captured in Tweets. As always, we'll continue to track Twitter and bring you the top financial micro-messages from the web. See you back here next week.

Source: www.scoopnest.com.


Neelie Verlinden
© MarketScreener.com 2019
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