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UK inflation rate surprises again with March figure holding above 10% (4 min read)
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The UK’s inflation remains stubbornly high as its March CPI rose 10.1% from last year, above the 9.8% forecast by economists. However, this is still slightly lower than the annual increase in February. The monthly CPI for March was 0.8%, above expectations of 0.5% but lower than February's 1.1%. Core CPI, which excludes volatile prices, was unchanged from February, causing concern for the Bank of England. The largest contribution to the high inflation came from electricity, gas, and other fuels, and food and non-alcoholic beverages.

India will surpass China as world’s most populous country by mid-year, UN says (5 min read)

India is set to become the world's most populous country, surpassing China with almost three million more people by mid-year. The population of India is expected to reach 1.4286 billion by mid-year compared to China's 1.4257 billion. China's population has fallen for the first time in six decades, with a record low birth rate, but it will still remain the second-most populous country. India's workforce has been growing and stands at more than 900 million, but concerns arise over whether the country can create enough jobs to prevent social unrest.

Tesla's margins drop on aggressive discounting, shares fall (2 min read)
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Tesla reported a gross margin of 19.3% in Q1, lower than the expected 22.4%, due to its series of aggressive price cuts. The company has cut prices six times in the US and other markets, with analysts suggesting further cuts may be necessary to maintain demand for aging models. Tesla's Q1 revenue was $23.33 billion, beating expectations, but its net profit fell to $2.5 billion from $3.32 billion the previous year. Shares of the company dropped more than 4% in the extended-hours trading on Wednesday after the report was released.

Meta has started its latest round of layoffs, focusing on technical employees (2 min read)

Meta has started laying off technical workers as part of its latest round of job cuts that were announced in March. The layoffs affect employees in technical roles such as user experience, software engineering, and graphics programming. The company will start cutting business-facing roles in finance, legal, and HR in May. Many analysts have applauded Meta’s downsizing, and its shares have risen 81% this year. However, the company is still spending billions of dollars on Metaverse, which has yet to crack the mainstream.

No Profit? Not a Problem With Proposed Tech ETF (2 min read)
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Roundhill Investments launched a Non-Profitable Tech ETF, which invests in innovative, loss-making companies with the aim of finding future profit generators. This ETF is unique in that it excludes profitable companies and firms expected to turn a profit within the next year. The issuer also launched a Short Non-Profitable Tech ETF for those who want to bet against these profitless firms. While investors have been avoiding risks due to the current economic climate, Roundhill has taken risks with investments that other mainstream firms have shied away from.

New YieldMax ETF Offers Income, Exposure to Apple Stock (2 min read)
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Toroso Investments recently launched the YieldMax AAPL Option Income Strategy ETF (APLY), a single-security ETF. APLY generates monthly income through the use of a covered call strategy while providing exposure to Apple's stock performance. Toroso Investments’ YieldMax suite already has two other funds that use the same strategy for Tesla stock and ARK Innovation ETF (ARKK). The firm plans on adding more funds to the YieldMax suite that are tied to stocks like Amazon, Berkshire Hathaway, and Alphabet in the near future. 

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Thanks,
Thomas

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