Hey Juno community!
This week of extreme weather has clearly shown that the impacts of climate change are with us now.
Greening your pension is an impactful step you can take in fighting the climatecrisis. Scroll down to learn how and ask an expert your questions.
Also in the news, interest rates might be rising again, and Made.com's shares tumbled down.
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In the news this week...
1. Twitter sues Elon Musk after he backs out of take-over deal
Twitter is suing Elon Musk to try to force him to buy the social media firm. This comes after Musk announced last Friday that he was pulling out of the $44bn deal. In reality, Musk had already entered into a legally binding agreement with Twitter, which may be difficult to unpick.
What does this mean for me?
Well, first of all, it's quite an entertaining situation to watch: the world's richest person is now faced with the bizarre prospect of having to buy a company he doesn't want to acquire.
If you're an investor in Twitter and the deal does go through at the previous price of $54 per share, that'd make a good win over the current $39 share price.
🌍 Read more about the exact reasons Twitter is suing Musk in this analysis.
2. The Bank of England is set to increase interest rates (again...)
Hiking interest rates is a way that the BoE can address the ever-increasing inflation in the UK. Now, the Bank has announced that a rise from 1.25% to 1.75% could be on the cards in August - called a '50 basis point' increase.
What does this mean for my money?
Higher interest rates mean you could be earning more interest on your savings account. But if you're borrowing money (hello mortgage! ), you're likely going to be paying more. It's worth checking websites like MoneySupermarket to see if you could be getting a better deal.
📚 Not quite clear on the relationship between inflation rates and inflation? Read up on it here.
3. Shares in Made.com have fallen over 90% as cost of living crisis hits retailers
Shares in popular furniture company Made.com have fallen over 90% since the company went public last June. Another major retailer, Hotel Chocolat, is reporting similar losses.
What does this mean for my money?
While you might have seen the fall in tech stocks earlier this year, Made's fall from grace shows that the cost of living crisis is starting to hit new parts of the stock market.
📈 Get insight into 4 funds that might be worth investing in while the UK economy is struggling.
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