๐ด๐ฒ๐๐พ๐๐ถ๐ป ๐๐ฎ๐ถ๐น๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐ ๐ญ๐ฎ.๐ฌ๐ฑ.๐ฎ๐ฌ๐ฎ๐ฎ
Hello getquin!
Youโre looking for a friend to tell you what happened in the world of finance and business? Youโve Got a Friend In Me, as I can show you a Whole New World (of finance and business). Overall, the markets are down, but thatโs the Circle of Life.
(In case you didnโt realise, Disney $DIS (-0.24%) released their quarterly earnings last night, and itโs more difficult to think of puns related to British Telecoms)
๐๐๐ฟ๐ผ๐ฝ๐ฒ๐:
1. Siemens to leave Russia
Siemens $SIE (-0.29%) will quit the Russian market due to the war in Ukraine, having operated there for 170 years. This will cause a 600 million euro hit to their business during the second quarter, and it will not stop there.
๐ฅ $SIE (-0.29%) Siemens AG (๐ฝ-2.00%)
๐๐๐ถ๐ฎ๐:
2. SoftBank may cut startup investments
According to SoftBank $9984 (-3.53%) CEO, Masayoshi Son, they could cut startup investments by more than half this fiscal year. SoftBank $9984 (-3.53%) is vocally cautious about opportunities in the private markets amid a global slowdown, as well as the Japanese conglomerateโs bleak performance.
๐ฅ $9984 (-3.53%) SoftBank Group Corp. (๐ฝ-5.44%)
๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ๐๐:
3. GM shares hit new 52-week low
Following a downgraded rating by Wells Fargo $WFC (+1.26%) , General Motors or $GM (+1.81%) shares opened at a 52-week low, and the lowest since November 2020. This downgrade also saw the price target fall from $74 a share to $33 a share.
๐ฅ $GM (+1.81%) General Motors Corp. (๐ฝ-3.88%)
๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ฐ๐ฎ๐น๐น๐๐ฃ:
1. Walt Disney Co $DIS (-0.24%)
๐ฅ EPS: $1.08 vs $1.19 expected (-9.09%)
๐ฅ Revenue: $19.25bn vs $20.04bn expected (-3.94%)
2. BT Group $BT.A (-2.76%)
๐ฆ EPS: ยฃ0.0454 vs ยฃ0.0454 expected (0% - match)
๐ฅ Revenue: ยฃ5.37bn vs ยฃ5.44bn expected (-1.31%)
๐ฆ๐๐ผ๐ฐ๐ธ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฎ๐๐:
๐ฉย TOP, $NVAX (-0.36%) Novavax Inc (๐ผ+9.55%)
๐ฅ FLOP, $BMW (+0.87%) BMW Group (๐ฝ-7.88%)
๐ฅ Most searched, $ALV (-0.66%) Allianz SE (๐ฝ-3.32%)
๐ฅย Most traded, $TSLA (-4.58%) Tesla Inc (๐ฝ-1.13%)
๐ฅ S&P500 (๐ฝ-0.90%)
๐ฅ DAX (๐ฝ-0.64%)
๐ฉ $BTC (-2.93%) Bitcoin โฟ, $29,074.10 (๐ผ+0.29%)
Time: 17:45 CEST
Did you know that the United States๐บ๐ธ represents 54.5% of the world stock market capitalization?
