๐ด๐ฒ๐๐พ๐๐ถ๐ป ๐๐ฎ๐ถ๐น๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐ ๐ญ๐ฒ.๐ฌ๐ฑ.๐ฎ๐ฌ๐ฎ๐ฎ
Hello getquin!
Come fly with me, as we journey through todayโs news. By the end, youโll definitely be saying โIโm loving itโ
(Disclaimer: there will be more news-related puns, so Iโm sorry in advance)
๐๐๐ฟ๐ผ๐ฝ๐ฒ๐:
1. McDonaldโs to exit Russia
Following 32 years in Russia, McDonaldโs $MCD (+1.06%) has announced that they will be exiting Russia by selling their 847 restaurants in the country to local buyers. Last year, $MCD (+1.06%) generated around 9% ($2bn) of their revenue from Russia and Ukraine. They join a string of other Western companies exiting Russia following their invasion of Ukraine.
๐ฅ $MCD (+1.06%) McDonaldโs Corp (๐ฝ -0.86%)
Are you loving it? https://reut.rs/3PnOJrf
๐๐๐ถ๐ฎ๐:
2. South Koreaโs new pro-crypto president gets pushback
South Koreaโs ๐ฐ๐ท new president, Yoon Suk-yeol, pledged to implement a set of crypto-friendly policies. One of these was to increase the tax threshold for crypto investment gains to 50 million won (roughly $39k or 37.4k EUR), however the National Assembly Research Service (NARS) of South Korea has said that it should be just 2.5 million won (just shy of $2k) with a tax rate of 20%. South Korea is one of the worldโs most crypto-active countries, with roughly 10% of the population using it.
๐ฅ $BTC (+1.44%) Bitcoin โฟ, $29,435.30 (๐ฝ-5.93%)
Havenโt reached your threshold of information? https://tcrn.ch/3yAUImB
๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ๐๐:
3. JetBlue launches hostile takeover bid for Spirit Airlines
JetBlue Airways $JBLU (+1.01%) has launched a hostile takeover bid for Spirit Airlines $SAVE (+0.05%) after the latter rejected a $33 per share all-cash offer earlier this month. Using Fridayโs closing price for $SAVE (+0.05%) , this would have been a 94% premium. Spirit reportedly turned down this bid, as they plan to merge with Frontier $ULCC (-1.4%) . JetBlue have offered Spirit shareholders $30 a share if they vote against the Frontier deal. With this news, Spirit has gone above 10% in pre-market trading.
๐ฅ $JBLU (+1.01%) Jetblue Airways Corp (๐ฝ-5.27%)
๐ฉ $SAVE (+0.05%) Spirit Airlines Inc (๐ผ+10.08%)
Wondering whether the deal will take off?โ https://cnb.cx/3NeSbm7
๐ฆ๐๐ผ๐ฐ๐ธ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฎ๐๐:
๐ฉย TOP, $SAVE (+0.05%) Spirit Airlines Inc (๐ผ+10.08%)
๐ฅ FLOP, $VLA (-0.44%) Valneva (๐ฝ-19.61%)
๐ฅ Most searched, $AAPL (+1.22%) Apple Inc (๐ฝ-1.72%)
๐ฅย Most traded, $VLA (-0.44%) Valneva (๐ฝ-19.61%)
๐ฅ S&P500 (๐ฝ-0.78%)
๐ฅ DAX (๐ฝ-0.84%)
๐ฅ $BTC (+1.44%) Bitcoin โฟ, $29,435.30 (๐ฝ-5.93%)
Time: 17:00 CEST
Did you know that Ronald Wayne, the third co-founder of Apple, along with Steve Wozniak and Steve Jobs, sold his 10% stake in the company for $800 in 1976? Today, his 10% would be worth $35 billion.
