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1Yr·

getquin Summary Week 38

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. Details on Porsche IPO

Porsche's IPO is expected to take place on September 29. The IPO is estimated to price Porsche AG at 70-75 billion euros. In comparison, Volkswagen is currently about 88.82 billion euros.

Read more here: https://cnb.cx/3xvBb5t

2. Uniper is being nationalized

The German government plans to increase Uniper's capital by eight billion euros at a price of 1.70 euros per share. The previous majority shareholder, the Finnish group Fortum, itself predominantly owned by the Finnish state, is thus out of the shareholding structure.

Read more here: https://bit.ly/3BC55Gy

3. EU releases 5.2 billion euros for hydrogen promotion

The project aims to support the construction of "large-scale electrolysers and transport infrastructure for the production, storage and transport of renewable and low-carbon hydrogen." This should make green hydrogen more affordable for businesses and consumers, enabling energy-intensive industries in particular to reduce their environmental impact.

Read more here: https://cnb.cx/3DHvC85

4. Amazon reconsiders credit card offer in Germany

Amazon apparently wants to fundamentally redesign its credit card program, and the popular bonus program is also under scrutiny. Up to now, the approximately one million customers have received up to three percent of their sales as cashback, which they can use for purchases at the online retailer. The popular cashback is set to decrease under Amazon's plans. The introduction of the changes may be delayed, however, as Amazon is currently negotiating with new partners for the credit card.

Read more here: https://bit.ly/3qTY7HZ

5. Charges against Wirecard Management admitted

The Munich Regional Court has admitted the charges against ex-Wirecard CEO Markus Braun and two other managers. They will thus be tried on charges of commercial gang fraud. The financial criminal proceedings are likely to be one of the biggest in German history. According to the court, a date for the start of the trial has not yet been set.

Read more here: https://bit.ly/3BAYdJI

6. Goldman Sachs acquires a stake in Allianz

Goldman Sachs, a major U.S. bank, acquires a 0.48 percent stake in Allianz. In addition, financial instruments such as futures, swaps and call and put options account for a total of 4.88 percent of the 408.5 million Allianz shares. The new shares were published today, but the deal was already closed last week.

Read more here: https://bit.ly/3SlH25u

America🌏:

7. Nikola and EON decide on joint venture

DAX-listed E.on and Nikola are forming a joint venture, the two companies have signed a letter of intent to this effect. The vision of the joint venture is to promote the benefits of hydrogen, says E.on. After the drama surrounding its CEO, Nikola wants to regain some trust on the capital market with such planned partnerships.

Read more: https://bit.ly/3SfTweV

8. Beyond Meat COO was arrested

Beyond Meat's Chief Operation Office, Doug Ramsey, was arrested over the weekend after he allegedly bit a man in the nose after a college football game in an Arkansas parking garage.

Read more: https://cnb.cx/3DFMdJs

8. Powell makes the stock market tremble

The U.S. Federal Reserve raised key interest rates by another 75 basis points and indicated that it will continue to keep rates well above current levels. Inflation has reached its highest level since the early 1980s.

Read more: https://cnb.cx/3xIUhWe

Asien🌏:

9. Alibaba invests more in the cloud again

Years ago, Alibaba's cloud division was seen as a potential competitor to Amazon and Microsoft. Now, Alibaba announced it will invest $1 billion over the next three fiscal years to support its cloud computing customers in an effort to revive the Chinese e-commerce giant's growth after a historic slowdown.

Read more: https://cnb.cx/3S9M9WC

Time: 17:30 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

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1Yr

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1Yr·

getquin Summary Week 35

Hello getquin,

lets get right into it so you can enjoy the weekend.

Europe🌍:

1. Investigators search in Frankfurt, US major bank J.P. Morgan.

JP Morgan wants to cooperate. Background is the Cum-Ex scandal. There are said to be more than 20 defendants, including managers and employees from the compliance department. The term Cum-Ex stands for trading in large blocks of shares with (cum) and without (ex) dividends, which comes from Latin. Those involved had capital gains taxes refunded to them that they had not paid at all. JP Morgan is said to have been involved in classic cum-ex transactions and later also used corresponding models for tax evasion.

Read more here: https://bit.ly/3CHK2oj

2. Lufthansa pilots go on strike.

Lufthansa was recently able to settle the wage dispute with their ground staff. Now there is another reason for flight cancellations, because Lufthansa pilots are on strike. A whole 800 flights are cancelled and about 130,000 passengers will not arrive at their destinations. The pilots want 5.5% more pay and automatic inflation compensation from 2023 onwards. Lufthansa counters that it cannot bear the additional costs of around 900 million.

Read more here: https://bloom.bg/3B8p0Ot

America🌏:

3. Elon Musk invokes whistleblower claims in latest attempt to end Twitter deal.

Elon Musk filed another notice Tuesday to end the Twitter acquisition, citing additional reasons. Twitter shares fell more than 1% in premarket trading. The latest filings come after Twitter's former security chief Peiter "Mudge" Zatko alleged "extreme, egregious deficiencies" by the social media company in privacy, security and content moderation earlier this month. Twitter said Musk's latest termination attempt was "invalid and unlawful" under the acquisition agreement.

Read more: https://cnb.cx/3Rqd8MR

Spezial: Bed Bath & Beyond shares plummet after meme stock files stock offering for undisclosed amount.

Shares of Bed Bath & Beyond fell after the retailer-turned-meme stock said in a filing that it would sell shares for an undisclosed amount, and it announced $500 million in new financing and plans for layoffs. Shares fell 24% when the market opened Wednesday. The announcement came just hours before Bed Bath & Beyond unveiled a turnaround plan Wednesday to regain the trust of customers, investors and suppliers. Some investors had called for the retailer to capitalize on its meme status by issuing stock to raise much-needed cash.

Source: https://cnb.cx/3dYe3Wr

Earning Calls

🚖 Crowdstrike $CRWD

EPS: 🟩 $28 cents expected vs $36 cents published

Sales: 🟩 $516 million expected vs $516 million published

🚖 Hewlett Packard $HPQ

EPS: 🟩 $1,03 expected vs $1,04 actual; (0,98 %)

Revenue: 🟥 $15,6B expected vs. $14,6B actual; (-6,16 %)

Time: 17:30 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 36

Hello getquin,

we hope you had a nice week.

Europe🌍:

1. Liz Truss is the next prime minister of the UK

Britain has found Boris Johnson's successor. Liz Truss is the former foreign minister in Boris Johnson's cabinet and has won out over Rishi Sunak, former finance minister.

Read more here: https://cnb.cx/3CYtAQB

2. Porsche IPO at the end of September or beginning of October

For a long time, the carmakers in Zuffenhausen and Wolfsburg have been considering when to take Porsche public. Now they have apparently decided on the end of September or the beginning of October. Porsche wants to defy the poor market situation and raise new money, above all to push ahead with digitization and electrification. The share is to be listed on the stock exchange in Frankfurt.

Read more here: https://bit.ly/3qdmTlZ

3. Deutschbank CEO warns for recession

Christian Sewing shares the fear of many, that Germany is facing a recession. He cites the slowdown in globalization as well as the Ukraine war as reasons. Despite the last difficult months and the great challenge, Sewing believes that Germany has a robust economy and will survive the crisis.

Read more here: https://cnb.cx/3Bk14rm

4. ECB raises key interest rate to 1.25%.

In the fight against record-high inflation, the central bank raises interest rates as never before. The interest rate on bank deposits is rising from 0% to 0.75%. The ECB is thus making it profitable again for banks to store money rather than lend it out. Whether these measures will work remains to be seen.

Read more here: https://bit.ly/3TRjN4N

America🌏:

5. News in the court case on the Twitter deal.

The court battle over the Twitter takeover is getting closer. The court in Delaware has rejected a request from Elon Musk regarding a postponement of the trial and the start date remains October 18. But the billionaire Tesla CEO can include statements from the whistleblower and former chief security officer in the negotiations.

Read more: https://bit.ly/3APXgg6

6. T-Mobile becomes the world's most valuable mobil operator

Telekom's subsidiary has gone from flop to market leader in the United States. T-Mobile reached a market capitalization of 179 billion euros on Tuesday. By contrast, U.S. rival Verizon was at 175 billion euros.

Read more: https://bit.ly/3APXgg6

7. Apple Keynote Review

This week Apple has again presented new products on their keynote. The new iPhone 14 Pro gets a new notch and an always-on display. To make sure the notch doesn't get in the way, the Dynamic Island has been created, which can display different information depending on how you use your phone. The Apple Watch 8 has also improved further and can predict women's ovulation. It accomplishes this through the newly added temperature measurement. In addition, there is a new Apple Watch Ultra, especially made for extreme athletes and adventurers. It is particularly robust and has additional functions for mountaineering, diving and a particularly long battery life.

Read more: https://cnb.cx/3qsvdi8

8. Tesla wants to build a lithium refinery in Texas

Electric car giant Tesla says it is looking into the feasibility of a lithium hydroxide refinery on the Texas Gulf Coast. Construction could start as early as this year and be completed by the end of 2024. However, according to Tesla, the project is only feasible if it is granted a tax break.

Read more: https://cnb.cx/3qw4H7e

Time: 17:15 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 42

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. UK-Premier Lizz Truss steps down

6 weeks ago we reported here on the election of Lizz Truss as UK Prime Minister. Today, her term has also come to an end. The pressure on Truss had been mounting. She is now drawing the consequences and has resigned. Until a successor is elected, she will continue to hold office.

Read more here: https://bit.ly/3glolkI

2. Lionel Messi launches his own investment company

Messi is following in the footsteps of Kim Kardashian and has founded his own investment company. The holding company is to be called Play Time Sports-Tech and will have its headquarters in San Francisco. As the name suggests, the investments will focus on sports and tech. The company is headed by VC investor Razmig Hovaghimian.

Read more here: https://bloom.bg/3ETBVpK

America🌏:

3. Beyond Meat lays off 19% of employees

Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing. The company also said several executives will leave the company. The current layoffs follow initial layoffs in August. The cuts are expected to be completed by the end of the year. The aim of Beyond Meat is to be cashflow positive in the second half of 2023.

Read more here: https://cnb.cx/3ELNhMo

4. Netflix grows again by 2.3 million users

Netflix had a bad phase and could not grow in previous quarters. That changed in the last quarter. Netflix was able to gain 2.3 million new users. With the help of the cheaper ad-supported subscription and the "crackdown" on shared accounts, Netflix wants to grow further in the future. To support this, Netflix wants to make it easier for users to create their own account from a shared account.

Read more: https://cnb.cx/3TAsj7y

5. Nikola founder Trevor Milton was found guilty

Trevor Milton, the founder and former chief executive of electric truck maker Nikola, was found guilty Friday in federal court of 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

6. Goldman Sachs plans reorganization

Goldman Sachs chief David Solomon is imposing a major restructuring on the Wall Street house. A central component of Solomon's plan is to combine the investment banking and trading businesses into one department. Asset and wealth management are also to be combined.

Read more: https://on.wsj.com/3MCQlwc

7. Elon Musk plans to cut 75% of Twitter-Staff

If Elon Musk completes the Twitter deal, he plans to lay off about 75% of the workforce. The current workforce of about 7500 employees would then shrink to about 2000 people. This move would help cashflow and profitability. According to experts, however, it would also set Twitter back several years in the further development of its software. Whether Musk would really take this step is questionable. What do you think?

Read more: https://bloom.bg/3MO0hDn

Asia🌏:

8. TSMC thinks about expanding to Japan

The Computer chip maker Taiwan Semiconductor Manufacturing Co. is considering a possible expansion into Japan. The reason is the ongoing tensions between Taiwan and China. TSMC is the largest chip manufacturer in the world and currently produces mainly in Taiwan. Through incentive programs from Western countries, TSMC has already announced new factories in the U.S. and a location in Saxony is also said to be under consideration. By expanding, TSMC not only wants to grow, but also protect production from a potential attack from China.

Read more: https://cnb.cx/3MKsAm7

Time: 17:50 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

Gerald hermann@Geraldhermann

1 Comment

1Yr

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1Yr·

getquin Summary Week 39

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. Panic of pension funds forces Bank of England to intervene

In order to prevent an "unjustified tightening of financing conditions and a reduction in the flow of credit to the real economy," the FPC said it would buy government bonds for a limited period of time to "the extent necessary." The bank's extraordinary announcement was prompted by a panic among pension funds, whose bonds lost about half their value within a few days.

Read more: https://cnb.cx/3dVZxPt

2. Was Nord Stream 1 and 2 sabotaged?

Inexplicable leaks are currently being investigated at the two gas pipelines Nord Stream 1 and 2, which bring gas from Russia to Europe via the Baltic Sea. The leaks shatter any remaining expectations that Europe could receive gas via Nord Stream 1 before winter.

Read more: https://cnb.cx/3LJHpEZ

3. New fiscal policy in Britain!

Since Liz Truss assumed the role of Prime Minister of the United Kingdom, the stock and bond markets have lost approximately $500 billion in value. Liz Truss has been most notable for her radical change of course in fiscal policy. She has initiated the largest tax cut in 50 years, amounting to about 51 billion. The goal is growth, growth and growth. However, the markets don't think much of the idea.

Read more: https://bloom.bg/3UKsSwC

4. Right-wing alliance around Meloni wins parliamentary election

The Fratelli d'Italia party in particular is rejoicing in the Italian election. According to projections, it is by far the strongest party. Party leader Giorgia Meloni is thus likely to lead the future government.

Read more: https://cnb.cx/3LJ6hfU

America🌏:

5. The second Prime Day is on 11.-12. October

The company is going through a difficult period due to inflation, rising interest rates and over-expansion during the pandemic. Amazon is now planning to hold a second Prime Day this year. Prime Day is Amazon's largest sale event and has generated about $12 billion in sales this year.

Read more: https://cnb.cx/3SxSUl8

6. Will the Apple Watch soon have competition?

Android users will soon get their own "Apple Watch". Google is preparing the launch of its first smartwatch, which will be called the Pixel Watch. Google introduced its own platform for wearables in addition to its operating system for smartphones back in 2014, which the company renamed from Android Wear to Wear OS after quite a short time. This gave the company a head start over Apple, whose Apple Watch was only introduced in 2015. However, Google quickly lost its head start. In the meantime, the Apple Watch is one of Apple's best-selling products and is far ahead of the competition.

Read more: https://bit.ly/3SuQQug

7. Apple is not increasing production of the iPhone 14 after all

Initially, it looked like Apple could count on higher demand for the iPhone 14. However, a drop in demand is already apparent and accordingly, plans for an increase in production are being shelved again. Many technology fans in particular were disappointed with the new iPhone's innovations, which led to Apple being accused of a lack of innovation. Apparently, however, not only technology fans saw it that way.

Read more: https://bloom.bg/3y1lSSB

8. Preview Tesla AI Day

According to Musk, the 6-hour event will focus on attracting talent from the robotics and A.I. industries. But interesting news may also be presented for us consumers. Among other things, there will be an update on the progress of Tesla's Full-Self-Driving Technology. But the highlight of the event will probably be the humanoid robot that Musk announced last year. Musk could not yet confirm whether Tesla will already be able to show a prototype, but we can hope for it.

Read more: https://bloom.bg/3y1lSSB

Asia🌏:

9. The founder of TerraUSD is wanted by Interpol & Co

After the collapse of TerraUSD left about $60 billion in the air, Interpol is now on the lookout for founder Do Kwon. South Korean authorities are also searching for Do Kwon and have frozen $62 million in Bitcoin attributed to Do Kwon.

Read more: https://cnb.cx/3SxSUl8

10. Nintendo completes stock split

To become more attractive to investors, Nintendo has completed a stock split. For one share of the gaming giant, investors have received 10 new shares. Nintendo hopes that the new price will make the company more attractive to Nintendo consumers and thus boost demand.

Read more: https://cnb.cx/3UOcHP7

Special: Protests in Iran continue

The protests in Iran were triggered by the death of Mahsa Amini, who died as a result of police violence because she was not wearing her headscarf properly. As a result, many women showed solidarity with Mahsa Amini and took to the streets. The protest movement was initially heavily repressed by the government, which has led to the protests expanding. According to Humans Right Watch, the death toll is at least 76 people. The goal of the protest movement is more rights for women, an abolition of the morality police and the introduction of a liberal democracy.

Read more: https://bbc.in/3dSkRoW

Time: 17:30 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 43

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. ECB continues to raise key interest rate

The ECB has raised the key interest rate by 75 basis points. This is the third increase in a row. The ECB said it was now changing the conditions for its targeted longer-term refinancing operations (TLTRO). This is an instrument that offers attractive lending conditions to European banks to incentivize lending to the economy. The increase in interest rates and the adjustment of refinancing conditions mainly benefit the banks, which is why the situation is referred to as subsidizing the banks.

Read more here: https://cnb.cx/3DD65fR

2. Rishi Sunak is the new UK Prime Minister

After Lizz Truss resigned from her post, there was a lot of speculation about whether Boris Johnson would take over again. For a long time it looked as if he would be able to gather enough votes, but then came the surprising news that he would renounce his candidacy. After this change Rishi Sunak will be the new UK prime minister. Let's see how long.

Read more here: https://cnb.cx/3SqqcSx

America🌏:

3. Meta wants to invest even more in the Metaverse

Mark Zuckerbergs wants to invest even more money in his heart project, the Metaverse. The Facebook share price crashed as a result. The Metaverse is supposed to bring Facebook further growth and compensate for declining sales figures in the future. However, Facebook analysts and investors do not see any potential in the Metaverse or consider it too risky. Mark Zuckerberg's attempt to change Facebook's business model is one of the biggest and riskiest business pivots in recent years, maybe ever. Will the bet work out?

Read more here: https://cnb.cx/3TZV3H0

4. Netflix grows again by 2.4 million users

Netflix had a bad phase and could not grow in previous quarters. That changed! This Quarter Netflix was able to gain 2.4 million new users. With the help of the cheaper ad-supported subscription and the "crackdown" on shared accounts, Netflix wants to grow further in the future. To support this, Netflix wants to make it easier for users to create their own account from a shared account.

Read more: https://cnb.cx/3TAsj7y

5. Canada continues to invest in nuclear energy

While Germany decided years ago to phase out nuclear power, the rest of the world has continued to rely on nuclear energy. Canada will continue to see nuclear energy as a key technology in its climate strategy and is now investing another 970 million Canadian dollars in developing nuclear technology.

Read more: https://reut.rs/3TGg35H

6. Apple raises prices of its video and music streaming services

Apple has increased the monthly and annual subscription prices for its Apple TV+ and Apple Music streaming services. According to Apple, the price increase for Apple Music is due to the increased cost of music licenses.

Read more: https://cnb.cx/3zdsmOL

7. Goldman Sachs remains the bank for rich

Last week we reported that Goldman Sachs was looking to combine its asset and wealth management businesses. Now, CEO David Solomon announces to stop the plan to build a retail banking brand for the mass market and instead continue to focus on wealthier individuals.

Read more: https://on.ft.com/3Tu9Ut7

8. Elon Musk buys Twitter!

Elon Musk has completed the purchase of Twitter, after much back and forth. He is now "Chief Twitt" and has taken complete control of Twitter. The CEO Parag Agrawal and the CFO have left Twitter. It is still unclear how Elon Musk plans to finance the deal. Musk has big plans and wants to make Twitter a "common digital town square" where (almost) all opinions should be represented and accepted! If you could lend Elon Musk money to finance the Twitter purchase, would you do it?

Read more: https://cnb.cx/3gFQsLw

Special🚀:

9. Formula 1 gets a new women's racing series

Formula 1 is planning to develop a new racing series for female drivers. It is believed that the series will be part of the Formula 2 and Formula 3 pyramid and could come as early as 2023. What do you think of the plans?

Read more: https://cnb.cx/3SwIrWH

Time: 17:30 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 37

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. Novo Nordisk concludes cooperation with Microsoft

Novo Nordisk aims to accelerate drug discovery and development using artificial intelligence and Big Data. As part of the strategic collaboration, Microsoft will provide AI technology, models and expertise and work together with Novo Nordisk's data scientists.

Read more here: https://bit.ly/3L8foqi

2. Initial plans for an "excess profits tax”

The EU Commission wants to oblige the EU states to collect parts of the profits of Shell, Wintershall and Co. as a "solidarity contribution". The amount of the contribution is initially left open in the text of the law. The draft also envisages that end customer electricity prices can be temporarily capped by the state not only for consumers but also for small and medium-sized enterprises.

Read more here: https://bit.ly/3Dm1MWE

3. Profit of 760 million euros: German government exits Lufthansa

The German government had supported the airline in June 2020 and bought shares for 306 million. Now the federal government has sold all its shares in Lufthansa for about 1.07 billion and thus made a huge profit!

Read more here: https://bloom.bg/3RT9Bai

4. Shell CEO Ben van Beurden resigns

The oil giant announced Thursday that CEO Ben van Beurden will step down after nearly a decade at the helm. Taking over will be Wael Sawan, currently director of integrated gas, renewables and energy solutions. The change will take place on January 1, 2023. Will this be the starting signal for a change in the Group and a focus on greater sustainability?

Read more here: https://cnb.cx/3BgEwXf

5. Siemens starts up production facilities for green hydrogen

The plant in Wunsiedel, Upper Franconia, will initially produce up to 1350 metric tons of hydrogen a year using solar and wind power. When the electricity used in this process comes from a renewable source such as wind or solar power, some refer to it as "green" or "renewable" hydrogen.

Read more here: https://cnb.cx/3DslYpD

6. The German government takes control of the German Rosneft subsidiary

Rosneft Germany has about 12% of Germany's oil processing capacity and is one of the country's largest oil processing companies. The company has been placed by the German government under the administration of the Federal Network Agency, which is to ensure its ongoing operation. The trusteeship takes effect today and is initially limited to six months.

Read more here: https://cnb.cx/3LleIxJ

America🌏:

7. Goldman Sachs lays off hundreds of employees

After many layoffs in the tech sector, the wave of layoffs has now reached the banking sector. The first major bank to make use of job cuts is Goldman Sachs. The reason for this is the declining deal volume.

Read more: https://cnb.cx/3d8N7U3

8. USA consults on sanctions against China

The United States is considering a package of sanctions against China to deter it from invading Taiwan. At the same time, Taiwan is also lobbying EU envoys for sanctions. The talks are a response to fears of a Chinese invasion. The fear has increased with the escalation of military tensions in the Taiwan Strait.

Read more: https://cnb.cx/3qDvzCy

9. Founder of Patagonia donates his entire company

The company's nearly $3 billion worth of non-voting stock is transferred to a Trust that will use any profits not reinvested in the company to fight climate change. The company expects to contribute about $100 million a year, depending on the health of the business.

Read more: https://cnb.cx/3BmCKDU

Time: 17:30 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

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Deleted User

1Yr

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1Yr·

getquin Summary Week 41

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. Volkswagen wants to invest 2.3 Billion US-Dollar in China

China is Volkswagen's largest market. In order to offer autonomous driving there as well and to further advance the technology, Volkswagen has now joined forces with Horizon Robotics. The new unit will develop automated and assisted driving systems for China that integrate numerous functions on one chip, to save costs and reduce energy consumption. This also means that the technologies being researched will only be used in China for the time being.

Read more here: https://bloom.bg/3g4e4cH

2. Amazon invests 1 billion in European electric fleet

Amazon wants to reduce its emissions and is investing around 1 billion euros in Europe over the next 5 years. The sum will be used to buy electric vans and build low-emission parcel centers. The electric delivery fleet is expected 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 here: https://reut.rs/3rMTXCs

3. Thyssen-Krupp wants part of the 100 billion special assets of the German armed forces

In order for the Thyssen-Krupp subsidiary "Thyssen-Krupp Marine Systems" to make a fresh start, it wants to build stealth submarines for the German armed forces. The Kiel shipyard subsidiary is a world leader in the construction of submarines. Of the 100 billion euros in special assets, around 19 billion is to be spent on the navy. According to the CEO, the German government has also already been offered 6 more submarines.

Read more here: https://bit.ly/3rPZZlC

America🌏:

4. TikTok wants to compete with Amazon

TikTok plans to build its own fulfillment centers in the U.S., creating an e-commerce supply chain system that could directly challenge Amazon. With this move, TikTok is looking to e-commerce as its next big revenue stream, following the explosive growth of its ad business. What do you think? Can TikTok leverage its platform to become an e-commerce player that can match Amazon?

Read more: https://bit.ly/3rUdHUo

5. Rivian Automotive recalls almost all vehicles

The vehicles of Tesla, competitor Rivian, have a steering problem, which the automaker now wants to fix. To do so, Rivian is recalling about 13,000 cars built from 2021 through this September. Rivian is one of Tesla's larger competitors, with Amazon and Jeff Bezos among its owners.

Read more: https://on.wsj.com/3rGHXCr

6. US 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 there will be a recession. The big banks are expecting an increased default rate on loans in the coming months and are therefore building up reserves of about 4 billion for the time being.

Read more: https://on.ft.com/3CQoWUu

Asia🌏:

7. Saudi Aramco supplies North Asia in full despite OPEC restriction

Saudi Aramco has told at least five customers in North Asia that they will receive the full contracted amount of crude oil in November, several sources familiar with the matter said Monday. The full supply allocation comes despite the decision by OPEC+, including Russia, to cut its production target by 2 million barrels per day. By lowering output, OPEC+ countries intend to further fuel oil prices. U.S. Treasury Secretary Yellen sees this as a major threat and thinks this development could trigger a global recession.

Read more: https://cnb.cx/3CLARTl

Time: 18:00 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 44

Hello getquin,

we hope you had a nice week. This week we tried something new in the german Market Summary and wanted to try it also with our international Summary. What format do you like more? This one or the old one?

Europe🌍:

New management team at Red Bull after the death of the company founder! (http://bit.ly/3zIKu3m)

Maersk sees weakening of container demand in the face of looming recession! (https://reut.rs/3WoGgHO)

Activision Blizzard: The EU also wants to examine the takeover by Microsoft. (http://bit.ly/3SXg7go)

Inflation in Turkey exceeds 85% while Erdogan continues to rule out interest rate hikes! (http://bit.ly/3T2hNVQ)

Bank of England raises key interest rate from 2.25% to 3%! (http://bit.ly/3sWoQ7Q)

America🌍:

1.5 billion - Powerball jackpot rises to third largest win ever! (http://bit.ly/3DzunGh)

Johnson & Johnson to buy heart pump maker for $16.6 billion. (http://bit.ly/3WiKMYh)

U.S. and UAE sign agreement to boost clean energy investment to $100 billion! (http://bit.ly/3TTfQfy)

FCC commissioner says U.S. should ban TikTok. (http://bit.ly/3zCq9fY)

Amazon halts hiring of "corporate" employees. (http://bit.ly/3UrJ1pQ)

Emerging Markets🌏:

EU sees new momentum for Mercosur trade agreement after Lula victory! (http://bit.ly/3sLOCfa)

Israeli Prime Minister Netanyahu, accused of corruption, is about to make a dramatic comeback! (http://bit.ly/3UkI4Qo)

Largest iPhone factory in the world sealed off! (http://bit.ly/3NEovQU)

Special: Twitter 🐣

As Elon Musk begins his Twitter rebuild - "50 percent of employees to be laid off"! (http://bit.ly/3SSjoxa)

Elon Musk has fired four Twitter executives "for cause" to avoid paying millions in severance! (http://bit.ly/3WazV2u)

Binance CEO: "It's very hard to predict what Elon will do next". (http://bit.ly/3h2utP9)

Twitter reportedly plans to lay off about 3,700 employees. (http://bit.ly/3UouITe)

Twitter sued by employees after mass layoffs! (http://bit.ly/3fAAy58)

Time: 17:25 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team

1Yr·

getquin Summary Week 40

Hello getquin,

we hope you had a nice week. Let's get straight into the news of the week.

Europe🌍:

1. RWE plans to phase out coal by 2030

The energy company RWE wants to bring forward the coal phase-out by eight years to 2030. This is the result of an agreement between RWE, the Federal Ministry of Economics and the NRW Ministry of Economics. The “Ampel"-Coalition at federal level aims to "ideally" bring forward the coal phase-out in Germany, which is scheduled for 2038 at the latest, to 2030.

Read more here: https://bit.ly/3M8z8e2

2. Reparation claims from Poland

German Foreign Minister Annalena Baerbock rejected the neighboring country's demand for payments amounting to billions of euros for damage suffered during World War II. She said, that legal foundations had been created during the establishment of the EU, and therefore the question of reparations had been "legally clarified." During the meeting with her Polish counterpart Rau, however, Foreign Minister Baerbock also made it clear that Germany's historical responsibility would not end.

Read more here: https://bit.ly/3M2On8f

America🌏:

3. Ray Dalio relinquishes control of Bridgewater Associates

The 73-year-old billionaire stepped down as Bridgewater's chief executive officer in 2017 and chairman at the end of 2021. In his current role, the successful hedge fund manager focused on overseeing the committee that oversees the company's investment strategies. Now Ray Dalio is also relinquishing complete control of Bridgewater Associates. The fund, founded in 1975, manages assets of approximately 150 billion US dollars. Thus Ray Dalio himself has also managed to become a billionaire. His fortune is estimated at around 19 billion US dollars.

Read more: https://cnb.cx/3UWZTpA

4. Elon Musk has now completed the purchase of Twitter after all

Tesla CEO Elon Musk changed course again and agreed to buy Twitter at the agreed price, according to a report published Tuesday. Twitter shares were suspended from trading after Bloomberg reported that Musk plans to make the acquisition at a price of $54.20 per share. The acquisition could come as early as Friday.

Read more: https://cnb.cx/3CAdbkU

5. Apple must implement charging cable standard

The iPhone and other Apple devices may have to use a common charger after EU lawmakers approved a rule. The European Parliament has approved the rule, which, if passed, will mean that all cell phones, tablets and cameras sold in the European Union must be equipped with a USB Type-C charging port by the end of 2024. EU lawmakers argue that the rules will reduce waste by eliminating the need for consumers to buy a new charger every time they purchase a device.

Read more: https://cnb.cx/3rrshmf

6. Peloton lays off another 500 employees

The next wave of layoffs is now coming for Peloton employees. According to CEO Barry McCarthy, this is intended to put the struggling fitness equipment manufacturer back on track for growth. The cuts, which represent about 12% of Peloton's workforce, mark a turning point for the company, McCarthy says. Peloton has already had several rounds of layoffs this year. Will it also be the last? According to CEO Barry McCarthy, it will.

Read more: https://cnb.cx/3rESrC2

Asia🌏:

7. Is TSMC a "Top Pick?”

Morgan Stanley believes that TSMC makes future technologies possible and will therefore continue to benefit from further technological advances. Next year, Morgan Stanley expects the supply situation to improve and selects TSMC as its top pick.

Read more: https://cnb.cx/3SxSUl8

Time: 17:15 CEST

We wish you a very nice weekend and green portfolios next week!

Best regards,

your getquin team