𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟲.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquin!
Come fly with me, as we journey through today’s news. By the end, you’ll definitely be saying “I’m loving it”
(Disclaimer: there will be more news-related puns, so I’m sorry in advance)
𝗘𝘂𝗿𝗼𝗽𝗲🌍:
1. McDonald’s to exit Russia
Following 32 years in Russia, McDonald’s $MCD (+1,36 %) has announced that they will be exiting Russia by selling their 847 restaurants in the country to local buyers. Last year, $MCD (+1,36 %) 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.
🟥 $MCD (+1,36 %) McDonald’s Corp (🔽 -0.86%)
Are you loving it? https://reut.rs/3PnOJrf
𝗔𝘀𝗶𝗮🌏:
2. South Korea’s new pro-crypto president gets pushback
South Korea’s 🇰🇷 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 world’s most crypto-active countries, with roughly 10% of the population using it.
🟥 $BTC (+1,27 %) Bitcoin ₿, $29,435.30 (🔽-5.93%)
Haven’t reached your threshold of information? https://tcrn.ch/3yAUImB
𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀🌎:
3. JetBlue launches hostile takeover bid for Spirit Airlines
JetBlue Airways $JBLU (-0,13 %) 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 Friday’s 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 (+0,47 %) . 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.
🟥 $JBLU (-0,13 %) Jetblue Airways Corp (🔽-5.27%)
🟩 $SAVE (+0,05 %) Spirit Airlines Inc (🔼+10.08%)
Wondering whether the deal will take off?✈ https://cnb.cx/3NeSbm7
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:
🟩 TOP, $SAVE (+0,05 %) Spirit Airlines Inc (🔼+10.08%)
🟥 FLOP, $VLA (-0,78 %) Valneva (🔽-19.61%)
🟥 Most searched, $AAPL (+1,26 %) Apple Inc (🔽-1.72%)
🟥 Most traded, $VLA (-0,78 %) Valneva (🔽-19.61%)
🟥 S&P500 (🔽-0.78%)
🟥 DAX (🔽-0.84%)
🟥 $BTC (+1,27 %) Bitcoin ₿, $29,435.30 (🔽-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.
