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Trader Digest: JP Morgan's Soccer Blunder

This week in Trader Digest we saw JP Morgan get caught up in the football drama, Tesla and Big Tech are exceeding expectations as usual, and a son is facing a large settlement to his mother in the biggest divorce case in UK history...

WHAT WE’RE READING

JPMorgan Gets Caught Up in Europe’s Big Soccer League Blunder
'JPMorgan is now left to assess the fallout from a proposal that appears to have underestimated the potential backlash from upending a sport with deep traditions and local roots.' THE EDGE MARKETS

In These Swiss Cantons One in Eight People Are Millionaires
‘Located in central Switzerland, Schwyz and Zug have lower personal tax rates compared to larger, more densely populated cantons including Zurich and Geneva.’ BLOOMBERG

How to Travel Safely During Covid: What Doctors Recommend After Getting a Vaccine
‘The U.S. Centers for Disease Control and Prevention says that if you’re fully vaccinated, have waited through two weeks of immunity buildup, and are otherwise healthy, you’re all clear to travel.’ BLOOMBERG

Italian ‘king of absentees’ allegedly skipped work for 15 years
‘Hospital employee in Calabrian city of Catanzaro continued to be paid monthly salary to total of around £464,000’ THE GUARDIAN

Russian Oligarch’s ‘Dishonest’ Son Must Pay Mother $100m in UK’s Biggest Divorce Case
‘The son of a Russian oligarch at the centre of the UK’s biggest divorce case was ordered to pay his mother more than $100 million on Wednesday, after a judge ruled he had done “all he could” to keep his father’s money from her.’ THE NATIONAL NEWS

Tesla and Big Tech Are About to Rev Up the Busiest Week of Earnings Season
‘The six largest companies in the S&P 500 index SPX, +1.09% will report earnings in the week ahead, as about a third of the index reveals first-quarter numbers.’ MARKET WATCH

WHAT WE’RE LISTENING TO

A Tournament to Compete with the Champions League, is Clubhouse Worth $4bn?
‘Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began’ FINANICAL TIMES

Chaos and Collapse: European Football’s Not-So-Super League
‘Plans released on Sunday night for a breakaway European Super League have stunned the world of football and provoked a massive backlash against the clubs involved.’ THE GUARDIAN

WHAT WE’RE WATCHING

Seaspiracy
‘Passionate about ocean life, a filmmaker sets out to document the harm that humans do to marine species — and uncovers alarming global corruption.’ NETFLIX

Promising Young Woman
‘Winner of 2 BAFTAs and nominated for 5 Academy Awards®, Emerald Fennell’s delicious, wildly entertaining new take on revenge.’ SKY