getquin Daily Summary 20.06.2022
Hello getquin,
today we are talking about BMW, Lufthansa and Solend. I wish you a good start into the week!
Europe🌍:
1. BMW invests €1 billion in plant
BMW is investing an estimated €1 billion in its engine plant in Steyr, Austria. The Munich-based automaker said Monday that the funds will be used to equip the plant bi 2030 for the development and production of electric drives. According to production board member Milan Nedeljovic, the plant will produce for electric cars starting in 2025.
Alexander Susanek, the head of the plant, emphasized that the production capacity target is 600,000 cars per year. Then, half of the total 4,400 employees will work in the field of electromobility.
Read more here: https://bit.ly/3HAPIRk
🟩 $DE000519003 (🔼 +1.42%)
2. Lufthansa examines return Airbus A380
Lufthansa is considering a return of its mothballed Airbus A380 giant jets in light of strong ticket demand. As recently as April, Spohr had declared that the A380 had no future within the Group. At the time, the world's largest passenger aircraft fleet included 14 Lufthansa planes. Management had already made the decision before the Corona pandemic to return six of the aircraft to Airbus. Due to the negative impact of the pandemic on its business, the Group decided to take the remaining aircraft out of service.
Maybe off to the depot? https://bit.ly/3y5T1wK
🟩 $LHA (+2,49 %) (🔼 +7,28%)
Welt🗺️:
3. solend tries to get control over 'whale' account
Decentralized financial platforms are going to extreme lengths to limit the impact of a cryptocurrency selloff. Solend, a lending platform built on the Solana blockchain, attempted to gain control of its largest account, a so-called 'whale' investor, which it claims could significantly impact market movements. Solend users have since voted to block this move.
Read more here: https://cnb.cx/3n2CPGd
Stock of the day:
🟩TOP $ROIV (-1,02 %) 3,63 € (🔼+8,53%)
🟥 FLOP $OAS (-1,95 %) (🔽-8,22%)
🟩 Most searched $AMZN (-0,39 %) 101,86 (🔼+1,31%)
🟩 Most traded $AMZN (-0,39 %) 101,86 (🔼+1,31%)
🟩 S&P 500, 3,674.83 (🔼+0.22%)
🟩 DAX, 13,229.32 (🔼+0.79%)
🟩 $BTC (-0,09 %) 19.773,99 (🔼+0,95%)
Fun Fact:
Did you know that the largest coin in the world is called "red kangaroo" and comes from Australia? It weighs one ton.
