getquin Daily Summary 22.08.2022

Hello getquin,

new week, news from the financial world. After last week's recovery, this week starts in the red, but no matter how bad the markets look, you can still rely on the market news:

Germany🌍:

The German Football Association has commissioned Deutsche Bank $DBK (+0,8 %) to lead the potential sale of a package of media rights, Bloomberg reports. One option being discussed is the sale of a stake in a new subsidiary housing domestic and international broadcast rights, Bloomberg News reported in June. The DFL is considering selling up to 20% of the unit, which could be valued at around €18 billion ($18 billion).

Boomberg: https://bloom.bg/3QWADwS

🟥$DBK (+0,8 %) (🔽 -1,60%)

Europe🌍:

1. Adidas kicks out CEO

The CEO of sporting goods manufacturer Adidas, Kasper Rorsted, resigns from his post. He and the Supervisory Board have decided "by mutual agreement" that Rorsted will retire in 2023, according to an Adidas press release. Rorsted will remain in office until his successor is appointed, while the search is underway. According to "Manager Magazin", major investors are said to have lost patience with Rorsted. Groupe Bruxelles Lambert, a holding company that controls 7.1% of Adidas, is reportedly one of them. According to the magazine, his "gruff management style" has annoyed numerous Adidas superiors.

Read more: https://bit.ly/3Ka8Kza

🟥 $ADS (-0,77 %) (🔽 -2,98 %)

2 Eurowings increases the number of business trips:

Following the coronavirus pandemic, demand for business travel has increased significantly again. The Lufthansa subsidiary is responding with a 30% increase in flights from September. According to Eurowings CEO Jens Bischof, punctuality and reliability should also have improved significantly; the reliability rate for Eurowings flights should be around 99% again. Despite the announcement, the Lufthansa share slipped by 2.55% today.

You can read more here: https://bit.ly/3AEQYRA

🟥 $LHA (+0,45 %) (🔽 -3,55 %)

4 Tesla's stock split:

Tesla's 3-for-1 stock split is officially happening this week. Tesla stock will split on Wednesday after the market closes and will begin trading on Thursday at the market open, adjusted for the split. The split is the second split in just two years and comes after the majority of stakeholders voted in favor.

🟥 $TSLA (+3,43 %) €871,90 (🔽 -0,38 %)

Special:

The US dollar is worth more than the euro again, with an exchange rate of €1.00 = $0.99.

Stocks of the day:

🟩 TOP: Adani Power $ADANIPOWER €5,17 (🔼 +4,99 %)

➡️ Indian electricity supplier

👍Purchase offer to DB Power

🟥 FLOP: AMC Entertainment $AMC, $10,92 ********(🔽 -39,40 %)

👎 Cineworld confirms a possible bankruptcy filing

🟥Most searched: Apple$AAPL (-1,25 %) (🔽 -0,61 %)

🟥 Most traded: Bed Bath and Beyond $BBBY (🔽-9,78)

🟥 S&P500, 4,158.93PKT (🔼🔽 -1.64 %)

🟥 DAX, 13,240.16 PTS (🔽 -2.25 %)

🟥 Bitcoin ₿, €21,384.65 (🔽 -0.24 %)

Time: 18:03 CEST

Fun Fact:

Warren Buffett's net worth at age 52 was only 0.3% of its current value. So most of you should still have some time to get close to Warren.