getquin Daily Summary 17.10.2022
Hello getquin,
have a nice monday to all of you!
America🌏:
1. Beyond Meat lays off 19% of employees
Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said in a regulatory filing Friday. The company also said several executives will be leaving the company. The current layoffs follow initial layoffs in August. The cuts are expected to be completed by the end of the year and aim to be cash flow positive in the second half of 2023.
Read more: https://cnb.cx/3ELNhMo
🟥 $BYND (+2.72%) 13,85€ (🔽 -2,82%)
2. nikola founder Trevor Milton was found guilty
Trevor Milton, the founder and former chief executive officer of electric truck maker Nikola, was found guilty Friday in federal court on three of four counts of fraud for making false statements to inflate the value of Nikola stock. The sentence will be announced Jan. 27.
Read more: https://cnb.cx/3S4gDIR
🟩 $NKLA 3,14€ (🔼 +4,11%)
3. Goldman Sachs plans reorganization
Goldman Sachs chief executive David Solomon is again imposing a major reorganization on the Wall Street house. Central to Solomon's plan is to combine the investment banking and trading businesses into one division. Asset and wealth management are also to be combined.
Read more: https://on.wsj.com/3MCQlwc
🟥 $GS (+1.09%) 312,00€ (🔽 -1,55%)
Asia🌏:
4. U.S. government launches investigations against Samsung, TSMC and Qualcomm.
The USITC will investigate certain semiconductors manufactured by Samsung and TSMC, as well as certain integrated circuits manufactured by Samsung and Qualcomm, after New York-based Daedalus Prime LLC filed a complaint last month.
Read more: https://reut.rs/3yOak5z
🟩 $SMSD (+0.81%) 1.005,00€ (🔼 +0,50%)
🟥 $TSM (+3.09%) 65,80€ (🔽 -0,45%)
🟥 $QCOM (+2.48%) 113,28€ (🔽 -0,93%)
Stocks of the day:
🟩 TOP $NET (+2.17%) 52,37€ (🔼 +12,62%)
👍 Cloudflare shares rise to "Overweight" after Wells Fargo upgrade
🟥 FLOP Borussia Dortmund 3,41€ (🔽 -2,68%)
👎 Defeat against Union Berlin is also punished by investors
🟩 Most searched $UKW (+0.99%) , 1,67€ (🔼 +3,74%)
🟩 Most traded $TSLA (-4.58%) , 222,40€ (🔼 +2,49%)
🟩 S&P500, 3,677.69 (🔼 +2.64%)
🟩 DAX, 12,654.24 (🔼 +1.74%)
🟩 bitcoin ₿, 19,885.21€ (🔼 +0.50%)
Time: 17:50 CEST
