getquin Daily Summary 11.10.2022
Hello getquin,
Happy Tuesday to all of you. Did you have a good start to the week?
Europe🌍:
1. Amazon invests 1 billion in European electric fleet
Amazon wants to reduce its emissions and is investing around 1 billion euros over the next 5 years in Europe to do so. From the sum, electric vans are to be purchased and low-emission parcel centers built. As a result, the electric delivery fleet is to triple by 2025 and comprise around 10,000 vehicles. Currently, Amazon has about 3,000 electric delivery vans in Europe, which will have delivered about 100 million packages in 2021.
Read more: https://reut.rs/3rMTXCs
🟥 $AMZN (+0.24%) 115,56€ (🔽 -1,77%)
America🌏:
2nd U.S. banks set aside reserves for loan defaults
This week is earnings season at major U.S. banks. But even now, more and more information is leaking out about how banks are preparing for the coming months and whether they think a recession is coming. The big banks are probably expecting an increased rate of loan defaults in the next few months, so they are building up reserves of about 4 billion for the time being.
Read more: https://on.ft.com/3CQoWUu
🟥 $JPM (+2.42%) 105,86€ (🔽 -3,09%)
🟥 $BAC (+1.71%) 30,66€ (🔽 -2,71%)
Asia🌏:
3rd Nissan to deepen partnership with Renault
Renault and Nissan have been working closely together on research for the past few decades. Now the two automakers want to deepen and reorganize their cooperation. Part of this deepening is to be an investment in Renault's electric car division. The amount of the investment and whether it will be the only organizational step will become clear in the coming weeks.
Read more: https://on.wsj.com/3rJ1IJw
🟥 Nissan 3.23€ (🔽 -3.57%)
Special: Will Gorillas be bought by competitor Getir?
Gorillas was the pioneer of Quick Commerce in Germany and is now probably the first to be taken over. In recent months, Gorillas CEO Kağan Sümer is said to have tried to raise a new round of financing, but apparently failed. Now rival Getir from Istanbul wants to take over Gorillas and thus expand its German and UK business. The contract has not yet been signed, but the investors are said to be in agreement. What do you think of the takeover?
Read more: https://bit.ly/3Mr2e8C
Stocks of the day:
🟩 TOP $AGNC (+1.17%) 8,24€ (🔼 +8,89%)
👍 AGNC publishes its dividend payout and further financial measures. This leads to a slight recovery of the share price
🟥 FLOP $LYFT (+2.94%) 11,84€ (🔽 -10,49%)
👎 The US Department of Labor announced a rule change that would make it harder for companies to classify workers as independent contractors. At Lyft, all drivers are independent.
🟥 Most searched $BAS (+1.05%) , 41,52€ (🔽 -3,91%)
🟥 Most traded $P911 (+1%) , 83,88€ (🔽 -4,36%)
🟥 S&P500, 3,603.13 (🔽 -0.26%)
🟥 DAX, 12,200.54 (🔽 -0.59%)
🟥 bitcoin ₿, 19,654.03€ (🔽 -0.30%)
Time: 17:30 CEST
