Market (@MarketNewsUpdate) on getquin

getquin Daily Summary 22.07.2022

Hello getquin,

as reported on 20.07 there is now an entry of the German government in Uniper. Also, Verizon shares fall and China tightens data rules. In addition, Twitter publishes quarterly figures!

Europe🌍:

1. federal government acquires 30% stake in Uniper

The German government has spent weeks working on a rescue plan for Uniper, the country's largest gas trader. The solution has now been found: The government will invest €7.7 billion in the utility in exchange for a 30 percent stake, which works much like equity.

At the same time, the group's credit lines with the state-owned KfW bank will be increased from the previous two billion euros to nine billion euros.

More on the update: https://bit.ly/3cA2e88

🟥 $UN01 (🔽 -31,29%)

America🌏:

2. Verizon shares fall after lowering annual forecast

Shares of Verizon fell nearly 5% in premarket trading Friday after the company reported a second-quarter profit that fell short of expectations and lowered its financial guidance for the year.

"While recent performance has not met our expectations, we remain confident in our long-term strategy," Verizon CFO Matt Ellis said in a statement.

More on the news here: https://cnb.cx/3PuH7CL

🟥 $VZ (+0.65%) (🔽 -6,35%)

Asia🌏:

3rd China tightens data rules for online ride-hailing companies

China's Ministry of Transport on Friday tightened existing rules for dealing with online ride-hailing companies and sharing their data with regulators, a day after Didi Global was fined $1.2 billion for illegal data collection and processing.

The new measures are an update to similar rules announced in 2018 and give the government more control over the data collected by these private companies.

What do you think of the new rule?..: https://reut.rs/3J5dh5x

Quarterly numbers:

Twitter $TWTR

Twitter reported second-quarter results Friday, missing analysts' estimates for profit, revenue and user growth. The company blamed the revenue decline on advertising headwinds and "uncertainty" surrounding Elon Musk's pending acquisition of the company.

Revenue: 🟩🟥 $1.18 mil expected vs $1.32 mil published

Source: https://cnb.cx/3v8arXI

Stocks of the Day:

🟩 TOP $PGY 9,84 $ (🔼 +83,93%)

🟥 FLOP $SNAP (+0.76%) , 10,22 € (🔽 -35,59%)

👉https://app.getquin.com/activity/ppmMWBhlDl

🟩Most searched $TSLA (+1.19%) (🔼 +4,83%)

🟩 Most traded $SLI (+0%) , 5,59€ (🔽 +6,88%)

🟩 S&P500, 3,999.96 (🔼 +0.025%)

🟩 DAX, 13,280.21 (🔼🔽 +0.25%)

🟩 bitcoin ₿, 23,075.77 (🔼 +1.88%)

Time: 17:00 CEST