Highlights of the day: 13 July

FinMeUp highlights of the day

FinMeUp Mentorship Month!

We want to provide our community with the opportunity to engage with our team. A financial coach in your pocket! Do you have a question that youd like to ask? Great! Well answer them all! linktr.ee/FinMeUpLinks

South Africa

Naspers & Prosus

• Naspers repurchased 659,095 Naspers Shares between 4 July 2022 and 8 July 2022 for a total consideration of US$104,730,238.
• Prosus repurchased 6,240,339 Prosus Shares between 4 July 2022 and 8 July 2022 for a total consideration of US$428,590,278.

U.S.

US CPI spikes again

• CPI for June came in at 9.1% (YoY) above expectations of 8.8%.
• Core CPI for June came in at 5.9% (YoY) above expectations of 5.7%.
• CPI for June came in at 1.3% (MoM) above expectations of 1.1%.

Snapchat

• Snapchat is reportedly exploring plans to allow users to showcase their NFTs on the app.

Delta Airlines earnings

• EPS of $1.44 missing expectations of $1.64.
• Revenue of $13.82B beating expectations of $13.4B.

Biggest winners and losers

JSE

• Hammerson +1.78%
• Naspers -5.32%

US

• Netease +2.61%
• Zoom -6.47%

Crypto

• Bitcoin -2.4%
• Ethereum -3.2%
• Ada -4.4%