getquin Daily Summary 25.10.2022
Hello getquin,
have a nice tuesday to all of you!
Europe🌍:
1. Philips to cut 4000 jobs
Philips, an appliance manufacturer based in the Netherlands, plans to lay off 4000 employees, which is about 5% of its total workforce. The reason for the layoffs is falling sales and a mass recall that has severely hurt the company.
Read more: https://reut.rs/3TA4mO5
🟥 $PHIA (+0.29%) 12,96€ (🔽 -1,37%)
America🌏:
2. Apple raises prices of its video and music streaming services
Apple has increased monthly and annual subscription prices for its Apple TV+ and Apple Music streaming services. The price increase for Apple Music is due to the increased cost of music licensing, according to Apple.
Read more: https://cnb.cx/3zdsmOL
🟩 $AAPL (+0.45%) 151,88€ (🔼 +1,42%)
Asia🌏:
3. TikTok can't track location data of US citizens
TikTok, which is owned by Chinese company ByteDance, has responded to a Forbes post by accusing TikTok of using the location data of specific US citizens to monitor them. TikTok has denied this
Read more: https://cnb.cx/3zdN01c
Stocks of the day:
🟩 TOP $WEED 2,50€ (🔼 +7,96%)
👍 The planned acquisition of multi-state operator Acreage Holdings is getting closer to completion. Will Canopy Growth be the beneficiary of the advancing legalization in the USA.
🟥 FLOP $COVTY 34,18€ (🔽 -4,26%)
👎 Covestro publishes figures. Profit fell by 2/3, which surprised investors.
🟩 Most searched $TSLA (+2.7%) , 222,90€ (🔼 +4,20%)
🟥 Most traded $ADDYY (-0.42%) , 100,36€ (🔽 -3,07%)
🟩 S&P500, 3,848.16 (🔼 +1.34%)
🟩 DAX, 13,044.55 (🔼 +0.87%)
🟩 Bitcoin ₿, 19,677.77€ (🔼 +0.85%)
Time: 17:45 CEST
