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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 (-0.26%) 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 (+1.48%) 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 (-6.45%) , 222,90€ (🔼 +4,20%)

🟥 Most traded $ADDYY (+0.46%) , 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

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