getquin Daily Summary 01.09.2022
Hello getquin,
also today a lot has happened. Not only the fuel discount and the 9-Euro-Ticket expired, but also in the business world there was one or the other new start.
Europe🌍:
1. Oliver Blume's first day at work at VW
Oliver Blume was previously known primarily as CEO of Porsche. As of today, he additionally takes over as CEO at Volkswagen. "Olli" is seen as a people catcher compared to his predecessor and is expected to smooth the rifts between the board and the workforce that were created by the transformation pressure of Herbert Diess. It remains to be seen whether Oliver Blume can do this and at the same time drive forward the tough renewal process.
Read more: https://bit.ly/3AHMDMc
🟥 $VOW3 (+1,09%) €181,85 (🔽 -1,96%)
America🌏:
2. no more NVIDIA chips for China
$NVDA (-2,33%) Is getting more and more headwind. If the graphics card and chip manufacturer has profited greatly in recent years, mainly due to the Bitcoin farming hype, the market climate is currently changing. Now the U.S. government has ordered NVIDIA to stop selling chips to China. As a result, NVIDIA may lose up to $400 million in revenue this quarter. The reason for this is probably fears that the chips could be used by the Chinese military.
Read more: https://cnb.cx/3Rqd8MR
🟥 $NVDA (-2,33%) €137,98 (🔽 -8,15%)
Asia🌏:
3rd Toyota to invest $5.6 billion in battery production
The largest automaker by unit sales is not yet completely convinced of the battery cell trend and has invested heavily in hydrogen fuel cell research in the past. Now, however, the Japanese are investing heavily and want to build battery cell factories in Japan as well as in the USA. Nevertheless, Toyota continues to back the hydrogen fuel cell and wants to advance both technologies in parallel.
Read more: https://cnn.it/3q3jbvm
🟥 $TM (+0,9%) €147,50 (🔽 -0,67%)
Special: fuel discount and 9-euro ticket
Today is a new start for all car and train drivers, because today the term of the fuel discount and the 9-Euro-Ticket ends. For many, this means more expensive costs for commuting to work again. Both will probably not be available again in the usual form. However, there are already plans for a successor to the 9-euro ticket. The SPD, for example, is in favor of a nationwide 49-euro ticket. How expensive the ticket will be in the end, or whether there will be one at all, remains to be seen. What do you think? Should there be a successor model and how much are you prepared to pay for it?
Read more: https://bit.ly/3wN1cwW
Stocks of the day:
🟩 $SNAP (+8,21%) €11,07 (🔼 +3,29%)
➡️ Social Media
👍 SNAP lays off approx. 6000 employees
🟥 $NVDA (-2,33%) €137,98 (🔽 -8,15%)
➡️ Technology
👍 May no longer sell chips to China
🟥 Most searched $BYDDY (-0,77%) €29,32 (🔽 -4,48%)
🟥 Most traded $NVDA (-2,33%) €137,98 (🔽 -8,15%)
🟥 $SP500TR 3.915,93 (🔽 -0,99%)
🟥 $GDAXI 12.660,44 (🔽 -1,36%)
🟩 $BTC (-0,31%) ₿ 20.017,42 (🔼 +0,23%)
Time: 17:30 CEST
Fun Fact:
Investors can trade just five shares on the stock exchange in Phnom Penh, Cambodia. The market capitalization of all companies listed in Phnom Penh was around 480 million euros at the end of March 2019.
