๐ด๐ฒ๐๐พ๐๐ถ๐ป ๐๐ฎ๐ถ๐น๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐ ๐ญ๐ฌ.๐ฌ๐ฑ.๐ฎ๐ฌ๐ฎ๐ฎ
Hello getquin!
I saw a funny post here on this platform about inflation, and boy oh boy does that remain to be relevant. Itโs a good post, I think you should follow him, if someone could tag him or the post in the comments. Also donโt forget to tag @ccf_en in good posts ๐
๐๐๐ถ๐ฎ๐:
1. Chinaโs internet users pay close attention to the crypto crash
Despite cryptocurrency trading being banned in China, many internet users remain interested in the ups and downs of the crypto market. Many have also found workarounds and continue to trade a range of tokens. Yesterday, the hashtag #luna made it into the top 10 keywords on Weibo $9898 (+0.58%) , Chinaโs equivalent of Twitter $TWTR
๐ฅ $LUNA Terra, $30.98 (๐ฝ-45.88%)
Link: https://tcrn.ch/3PbllUR
๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ๐:
2. Angolaโs first IPO to spur wave of listings๐ฆ๐ด
Next month, BAI, Angolaโs largest private bank, will be the first ever initial public offering (IPO) on Angolaโs BODIVA stock exchange. This is expected to unlock a wave of new listings according to the exchangeโs chief executive, as Angola pushes forward with their privatisation drive. The OPEC member state has an ambition reform programme to modernise the economy and attract private investment.
Link: https://reut.rs/38juVEz
๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ๐๐:
3. National average for gasoline hits record $4.37 a gallon
Gasoline prices in the USA have reached record levels, with oil prices holding steady above $100 a barrel, leading to inflation across the economy. Nationwide, gasoline prices are averaging $4.37 a gallon, with some states having prices as high as $6. Although the West Texas Intermediate crude futures (US oil benchmark) is trading around the $100 per barrel mark - a lot lower than March highs of $130 - labour constraints and supply chain issues have contributed to these record high prices.
๐ฅ Oil (WTI Futures), $99.78/barrel (๐ฝ-3.21%)
Link: https://cnb.cx/397wp4O
๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ฐ๐ฎ๐น๐น๐๐ฃ:
1. AMC
๐ฉ Loss per share: -$0.65 vs -$0.67 expected (+2.85%)
๐ฉ Revenue: $785.70m vs $743.43m expected (+5.69%)
Although they exceeded expectations, not even Spider-Man and Batman releases could make $AMC Entertainment profitable during Q1โ22. Having released their Q1 earnings after market close, shares rose by more than 4% after hours
2. Peloton
๐ฅ EPS: -$1.22 vs -$0.92 expected (-33.03%)
๐ฅ Revenue: $1.13bn vs $1.15bn expected (-1.51%)
Losses were expected, however Peloton $PTON (+3.92%) still missed expectations. Their own outlook for the current quarter is weak, as they expect planned subscription price increases will further decrease demand.
3. Novavax
๐ฅ EPS: $2.56 vs $2.74 expected (-6.43%)
๐ฅ Revenue: $703.97m vs $873.04m expected (-19.37%)
Despite reporting its first profitable quarter, Novavax $NVAX (-2.12%) still fell behind analyst expectations. The company reiterated its 2022 revenue guidance of $4bn to $5bn, however they have not yet received an order from Covax, the international partnership procuring vaccines for lower-income nations.
๐ฆ๐๐ผ๐ฐ๐ธ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฎ๐๐:
๐ฉย TOP, $BPOST (-1.69%) Bpost SA (๐ผ+5.69%)
๐ฅ FLOP, $PTON (+3.92%) Peloton Interactive (๐ฝ-14.65%)
๐ฉย Most traded, $TSLA (+0.48%) Tesla Inc (๐ผ+0.48%)
๐ฅ S&P500 (๐ฝ-0.49%)
๐ฉ DAX (๐ผ+1.15%)
๐ฉ $BTC (+1.02%) Bitcoin โฟ, $31,131.30 (๐ผ+3.50%)
Time: 18:30 CEST
Do you remember when we mentioned what a flash crash is? Well the largest ever flash crash took place on the 6th of May 2010, when large American indexes plunged by 9% within minutes, quickly recovering.
