Bitcoin moves away from record high again + Trump announced that he would no longer back electromobility + DocMorris grows 6.7 percent in 2024 + Ørsted makes value adjustments of over 12 billion in Q4
Bitcoin $BTC (-0.32%)with new ATH
- Bitcoin extended its losses from late Monday trading on Tuesday.
- In the morning, one Bitcoin cost around USD 101,500, having climbed to just under USD 109,400 before Donald Trump's inauguration on Monday morning, setting another record.
- The price then gradually crumbled over the course of the day.
- Bitcoin has risen significantly since Trump's election in November, having previously fluctuated between 50,000 and 70,000 dollars for months.
- Trump promised to loosen the regulations for cryptocurrencies.
- He is also in favor of a national Bitcoin reserve for the USA.
- Overall, Bitcoin has been on an upward trend for two years.
- At the beginning of 2023, one Bitcoin still cost less than 20,000 dollars.
Everyone will be able to buy the car they want
- Trump announced that he would no longer rely on electromobility.
- Everyone will be able to buy the car they want.
- He would save the car industry.
- "We're going to build cars in America again, and we're going to do it at a pace that nobody would have dreamed of just a few years ago," said Trump.
- We are looking into the possibility of equipping some of the originally planned electric models with hybrid or combustion engines in the future," said Lutz Meschke, Porsche's $PAH3 (+0.57%) Chief Financial Officer, told Autocar.
- How will the Tesla $TSLA (-3.13%) share react to this, given that Elon Musk is on its board
DocMorris $DOCM (-4.32%)accelerates Rx growth in the fourth quarter
- All divisions contribute to 2024 sales growth
- OTC sales 2024 increase by 6.7 percent
- New Rx customers quintupled and Rx sales up 16.6 percent in the fourth quarter of 2024
- TeleClinic with profitable doubling of sales in 2024
- Cash position of CHF 95 million at the end of 2024
Ørsted $ORSTED (-3.79%)makes value adjustments of over 12 billion in Q4
- The Danish energy company Ørsted recognized impairment losses of DKK 12.1 billion in the fourth quarter, according to a press release.
- The company cites several reasons for the write-downs, including rising interest rates, a lower valuation of its US portfolio and rising costs for the delivery of the Sunrise Wind project off the East Coast on New York's Long Island.
- "The write-downs announced today, and in particular the ongoing construction challenges, are very disappointing," said CEO Mads Nipper.
- "We remain committed to the US market with its potential for renewables to meet the growing demand for electricity and create thousands of industrial jobs in the US over the long term," he continued.
- The company also reports preliminary ebitda for 2024 of DKK 24.8 billion, excluding new partnerships and termination fees, in line with previous guidance.
- Ørsted will publish its full annual report on February 6.
Tuesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Colgate-Palmolive USD 0.50
- Quarterly figures / company dates USA / Asia
- 00:30 BHP Group Ltd Production Report 1H
- 22:00 Netflix quarterly figures
- Quarterly figures / Company dates Europe
- 07:00 Docmorris annual turnover
- 17:30 Porsche AG Pre Close Call FY 2024
- 17:45 Alstom Turnover 3Q
- Economic data
08:00 UK: Labor market data January unemployment rate 3 months (ILO) FORECAST: 4.4% previous: 4.3%
11:00 DE: ZEW Economic Sentiment Index January FORECAST: 15.0 points previously: 15.7 points Economic situation FORECAST: -93.0 points previously: -93.1 points
16:15 US: Senate Finance Committee, hearing of Treasury Secretary-designate Bessent
