990

New Oriental

KYG6470A1168

9901

9901

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟰.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin!

from 500-million dollars to one dollar. That's what I call investing. Want to know more? Join the group now!

Nah... You'll find out in today's MarketNews! ⏬

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 500 million dollar company sold for one dollar

For around one dollar, two European businessmen will buy Roman Abramovich's company Truphone. In 2020, the company was worth $516 million. Abramovich already had to sell his shares in Chelsea FC last week due to sanctions.

More on the sale: https://bit.ly/3MP5IjJ

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

1. 𝘌𝘓𝘔𝘚 𝘵𝘰 𝘧𝘪𝘭𝘦 𝘧𝘰𝘳 𝘣𝘢𝘯𝘬𝘳𝘶𝘱𝘵𝘤𝘺 𝘰𝘯𝘦 𝘺𝘦𝘢𝘳 𝘢𝘧𝘵𝘦𝘳 𝘨𝘰𝘪𝘯𝘨 𝘱𝘶𝘣𝘭𝘪𝘤

Electric Last Mile Solutions (ELMS) has announced that it will liquidate its assets in Chapter 7 bankruptcy proceedings. ELMS has been unable to secure financing since its founder and CEO left the company in February after an investigation found that the company's financial reports were unreliable. ELMS built clean, connected and customised commercial vehicles that helped businesses - and the planet - thrive.

Click here for the insolvency proceedings: https://cnb.cx/3zAAs4Y

More sources: https://electriclastmile.com/

🟥 $ELMS (🔼 -3.01%)

2. 𝘊𝘰𝘪𝘯𝘣𝘢𝘴𝘦 𝘤𝘶𝘵𝘴 1,100 𝘫𝘰𝘣𝘴 𝘢𝘮𝘪𝘥 𝘤𝘳𝘺𝘱𝘵𝘰 𝘵𝘶𝘳𝘮𝘰𝘪𝘭

Cryptocurrency exchange Coinbase (NASDAQ:COIN) Global Inc announced on Tuesday that it will cut 18% of its workforce, or about 1,100 jobs, to cut costs amid the downturn in financial markets.

The cryptocurrency market is experiencing extreme volatility due to economic and geopolitical uncertainties such as rising inflation and the impact of the Ukraine war. Bitcoin, for example, plunged as much as 14% on Monday after crypto provider Celsius Network froze withdrawals and transfers.

More on the terminations: https://bit.ly/3NQ6wWJ

🟥 $COIN (+2,46 %) (🔼 -4.33 %)

𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:

𝘖𝘳𝘢𝘤𝘭𝘦 $ORCL (+1,31 %)

Compared to the same period last year, revenue climbed 5% to $11.8 billion (11.3 billion euros) in the three months to May. The SAP rival made the announcement after the US stock market closed on Monday. On the bottom line, Oracle earned 3.2 billion dollars, significantly less than in the same period last year, but more than experts had predicted. The company also clearly exceeded market forecasts in terms of revenue. The share price initially reacted positively to the figures in after-hours trading.

EPS: 🟩 1.38 $ expected vs 1.54 $ published; Difference: 11.25 %

Revenue: 🟩 $11.67bn expected vs $11.84bn published; difference: 1.43 %.

Source: https://bit.ly/3HmJJQ0

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP $9901 (+3,21 %) 1.94 € (🔼 +19.08%)

🟥 FLOP $SWAV 162.63€ (🔽 -8.89%)

🟥 Most searched $AMZN (+1,14 %) , 98.82 € (🔼 0.63%)

🟥 Most searched $AMZN (+1,14 %) , 98.82 € (🔼 0.63%)

🟩 S&P500, 3,758.54 (🔼 +0,24%)

🟥 DAX, 13,358.83 (🔽 -0,53%)

🟥 $BTC (+0,15 %) ₿, 21,557.71 € (🔽 -0,03%)

Time: 16:50 CEST

𝗦𝗮𝗱 𝗙𝗮𝗰𝘁:

Every year, EU money flows into funding projects all over Europe. However, the money does not always end up where it is supposed to. According to the EU agency Olaf, more than 527 million euros were misused or misappropriated in the EU last year - almost twice as much as in the previous year.

Source: https://bit.ly/3tXy7O7

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟬.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin!

Today we are talking about the beginning of summer, Nio's figures and VW!

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 𝘌𝘊𝘉 𝘤𝘰𝘯𝘧𝘪𝘳𝘮𝘴 𝘱𝘭𝘢𝘯𝘴 𝘧𝘰𝘳 𝘧𝘪𝘳𝘴𝘵 𝘳𝘢𝘵𝘦 𝘩𝘪𝘬𝘦 𝘪𝘯 11 𝘺𝘦𝘢𝘳

The European Central Bank refrained from raising interest rates on Thursday but confirmed plans for a hike next month to fight inflation.

The bank announced it would raise borrowing costs by 25 basis points in July - its first rate hike in more than a decade - and said a bigger increase could follow in September "if the medium-term inflation outlook persists or worsens".

"Inflation is undesirably high and is expected to remain above our target level for some time," ECB President Christine Lagarde told a news conference.

More on the plans: https://cnn.it/3aUqwck

𝘼𝙨𝙞𝙖🌏:

2. 𝘚𝘵𝘳𝘪𝘬𝘦 𝘪𝘯 𝘚𝘰𝘶𝘵𝘩 𝘒𝘰𝘳𝘦𝘢 𝘱𝘶𝘵𝘴 𝘳𝘦𝘯𝘦𝘸𝘦𝘥 𝘱𝘳𝘦𝘴𝘴𝘶𝘳𝘦 𝘰𝘯 𝘨𝘭𝘰𝘣𝘢𝘭 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯𝘴

With their day-long strike over high fuel prices, South Korean truck drivers have put further strain on the world's already strained supply systems. At the port of Busan - which handles 80 per cent of the export nation's shipping cargo - container traffic dropped to a third of normal levels on Friday.

For the fourth consecutive day of strikes, it was just 20 per cent at Incheon, while container traffic at the port of Ulsan, the country's industrial heartland, came to a complete standstill. Production at Hyundai's main plant had already been curtailed and other companies, including steel giant Posco, had complained of delivery delays.

More on the strikes here: https://bit.ly/3zwMtbE

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

3. 𝘐𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘳𝘪𝘴𝘦𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘚𝘈

Consumer prices in the US rose in May as gasoline prices hit a record high and the cost of services continued to rise. This suggests that the Federal Reserve may continue its 50 basis point rate hikes through September to combat inflation.

The consumer price index rose 1.0 per cent last month after rising 0.3 per cent in April, the Labour Department said on Friday. Economists polled by Reuters had expected a 0.7% monthly increase in the CPI. Gasoline prices shot up in May, averaging $4.37 a gallon, according to AAA data.

Click here for the article: https://reut.rs/3aHQxLK

𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:

DocuSign $DOCU (+1,73 %)

DocuSign posted 25% year-on-year revenue growth, but investors are increasingly concerned about profitability.

The stock fell later in the trading session, continuing its downward trend for the year.

EPS: 🟩 $0.46 expected vs $0.38 published; Difference: -17.7%

Revenue: 🟩 $581.85m expected vs $588.69m published; difference: 1.18%

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP $9901 (+3,21 %) , 15,70 € (🔼 +13,77%)

🟥 FLOP $DOCU (+1,73 %) , 64,53 € (🔽 -21,75%)

🟥 Most searched $AMZN (+1,14 %) , 105,38 € (🔽 -3,90%)

🟥 Most traded $AMZN (+1,14 %) , 105,38 € (🔽 -3,90%)

🟥 S&P500, 3.919,76 (🔽 -2,44%)

🟥 DAX, 13.753,06 (🔽 -3,14%)

🟥 $BTC (+0,15 %) ₿, 28.087,65 € (🔼 +0,83%)

Time: 17:00 CEST

𝗙𝘂𝗻 𝗙𝗮𝗰𝘁

Germany stashes the second-largest gold hoard

More than two-thirds of Germany's currency reserves are stored in the form of gold bars. About half of the total of 3,378 tonnes is stored in the cellars of the Bundesbank in Frankfurt, the rest in the treasuries of the central banks of London and New York. Incidentally, only the US gold reserve is heavier. It weighs more than 8,000 tonnes.

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟴.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin!

Porsche goes hunting? Soups lead to better sales prospects? And a new feature at PayPal! Read on to find out what it's all about.

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

1. 𝘗𝘰𝘳𝘴𝘤𝘩𝘦 𝘰𝘯 𝘢 𝘴𝘵𝘢𝘳𝘵-𝘶𝘱 𝘩𝘶𝘯𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘚𝘈

The sports car manufacturer Porsche is increasingly looking for innovative mobility start-ups. To this end, the Stuttgart-based Volkswagen subsidiary is working with the American start-up incubator UP.Labs and investing double-digit millions. Six new companies are to be founded by 2025, as Porsche announced on Tuesday.

Porsche has a long tradition of supporting start-ups. Most recently, the VW subsidiary invested in a company that manufactures battery cells and aims to improve the performance and range of batteries through the use of novel materials. Rimac, a Croatian automotive supplier that also builds luxury electric cars, is the most successful start-up in Porsche's portfolio.

🟩 $VOW3 (+0,29 %) (🔼 +0,77%)

Will Porsche continue to be successful? https://bit.ly/3tnkKGx

2. 𝘊𝘢𝘮𝘱𝘣𝘦𝘭𝘭 𝘚𝘰𝘶𝘱 𝘴𝘢𝘭𝘦𝘴 𝘰𝘶𝘵𝘭𝘰𝘰𝘬 𝘣𝘳𝘪𝘨𝘩𝘵𝘦𝘯𝘴 𝘰𝘯 𝘩𝘪𝘨𝘩𝘦𝘳 𝘱𝘳𝘪𝘤𝘦𝘴

Campbell Soup Co joined Kellogg Co and Kraft Heinz Co in raising its full-year sales forecast on Wednesday after the maker of Swanson broth and Goldfish crackers beat quarterly estimates on price increases and easing supply chain bottlenecks.

The New Jersey-based soup maker's profit margin rose in the third quarter as it increased prices at a time when the packaged food industry continues to be pressured by rising freight and raw material costs.

Easing supply constraints and improved staffing have helped Campbell meet robust demand for its soups and sauces as consumers prioritise essential foods over luxury items in the face of rising inflation.

🟥 $CPB (-0,85 %) (🔽 -0,42 %)

🟩 $K (-0,26 %) (🔼 +1,35 %)

🟩 $KHC (-1,09 %) (🔼 +1,18 %)

More on the news: https://bit.ly/3982tpS

𝗪𝗼𝗿𝗹𝗱 🗺️:

3. 𝘗𝘢𝘺𝘗𝘢𝘭 𝘈𝘥𝘥𝘴 𝘊𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘞𝘪𝘵𝘩𝘥𝘳𝘢𝘸𝘢𝘭𝘴 𝘢𝘯𝘥 𝘋𝘦𝘱𝘰𝘴𝘪𝘵𝘴

PayPal has announced that users can now deposit and withdraw cryptocurrencies to and from their personal wallets. The feature has been long-awaited; company executives have been discussing it for at least a year. PayPal introduced limited crypto trading in October 2020 and added commercial crypto payments in March 2021.

🟩 $PYPL (+5,3 %) (🔼 +2,24 %)

More about the new feature: https://bit.ly/3O2LGDj

𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:

Dave & Buster´s $PLAY (+2,08 %)

EPS: 🟩1.14 $ expected vs 1.42 $ published; Difference: +25.32 %

Umsatz: 🟩 440.63 Mill. $ expected vs 451.1 Mill. $ published; Difference: +2.38 %

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $9901 (+3,21 %) 1.57 € (🔼15.44%)

🟥 FLOP, $ZIM (+5,61 %) 56.63 € (🔽-11.34%)

🟥 Most searched, $AMZN (+1,14 %) , 114.57€ (🔽 -0.04%)

🟥 Most traded, $AMZN (+1,14 %) , 114.57€ (🔽 -0.04%)

🟥 S&P500 4,149.65 (🔽 -0.25%)

🟥 DAX 14,418.07 (🔽 -0.96%)

🟥 $BTC (+0,15 %) Bitcoin ₿, 28,299.40 € (🔽 -2.81%)

Time: 17:00 CEST

You probably knew that: The cheapest shares on the market are also called penny stocks. The price of these shares can be less than one cent. Today a penny stock $AU0000ADV3 made a change of +0.0089 AUD, which is +8,900.01%.

I wish I had yesterday just invested...