New Oriental

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟰.𝟬𝟲.𝟮𝟬𝟮𝟮

Hi getquin,

From 500-million-dollar to one dollar. That's what I call investing. Want to know more about this? Join the group!

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

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. $500 million company sold for a dollar

For about a 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 about the sale: https://bit.ly/3MP5IjJ

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:

1. 𝘌𝘓𝘔𝘚 𝘸𝘪𝘭𝘭 𝘦𝘪𝘯 𝘑𝘢𝘩𝘳 𝘯𝘢𝘤𝘩 𝘥𝘦𝘮 𝘉ö𝘳𝘴𝘦𝘯𝘨𝘢𝘯𝘨 𝘒𝘰𝘯𝘬𝘶𝘳𝘴 𝘢𝘯𝘮𝘦𝘭𝘥𝘦𝘯

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 customized commercial vehicles that helped businesses - and the planet - thrive.

Click here to read about the bankruptcy proceedings: https://cnb.cx/3zAAs4Y

Other sources: https://electriclastmile.com/

🟥 $ELMS (🔼 -3.01%)

2. 𝘊𝘰𝘪𝘯𝘣𝘢𝘴𝘦 𝘣𝘢𝘶𝘵 𝘪𝘯𝘮𝘪𝘵𝘵𝘦𝘯 𝘥𝘦𝘳 𝘒𝘳𝘺𝘱𝘵𝘰-𝘛𝘶𝘳𝘣𝘶𝘭𝘦𝘯𝘻𝘦𝘯 1,100 𝘚𝘵𝘦𝘭𝘭𝘦𝘯 𝘢𝘣

Cryptocurrency exchange Coinbase (NASDAQ:COIN) Global Inc. announced 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 (-5,78%) (🔼 -4,33 %)

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

𝘖𝘳𝘢𝘤𝘭𝘦 $ORCL (-5,9%)

Compared with 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 U.S. stock market closed on Monday. On the bottom line, Oracle earned $3.2 billion, significantly less than in the same period last year, but more than experts had predicted. The company also significantly 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: 🟩 $11.67 billion expected vs $11.84 billion published; variance: 1.43 %

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

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP $9901 (-5,54%) 1,94 € (🔼 +19,08%)

🟥 FLOP $SWAV 162,63€ (🔽 -8,89%)

🟥 Most searched $AMZN (-3,47%) , 98,82 € (🔼 0,63%)

🟥 Most searched $AMZN (-3,47%) , 98,82 € (🔼 0,63%)

🟩 S&P500, 3,758.54 (🔼 +0.24%)

🟥 DAX, 13,358.83 (🔽 -0.53%)

🟥 $BTC (-0,19%) ₿, 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 doesn't always get to where it should. According to the EU's Olaf agency, 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

Hello getquin,

today we have the ECB, inflation in the US and strikes in South Korea! Remember the challenge for this week and tag diligently @MarketNewsUpdate .

The new theme is:⚡ 𝙴𝚛𝚗𝚎𝚞𝚎𝚛𝚋𝚊𝚛𝚎 𝙴𝚗𝚎𝚛𝚐𝚒𝚎 𝚞𝚗𝚍 𝚄𝚗𝚝𝚎𝚛𝚗𝚎𝚑𝚖𝚎𝚗 𝚒𝚗 𝚍𝚒𝚎𝚜𝚎𝚖 𝙱𝚎𝚛𝚎𝚒𝚌𝚑⚡

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. 𝘌𝘡𝘉 𝘣𝘦𝘴𝘵ä𝘵𝘪𝘨𝘵 𝘗𝘭ä𝘯𝘦 𝘧ü𝘳 𝘦𝘳𝘴𝘵𝘦 𝘡𝘪𝘯𝘴𝘦𝘳𝘩ö𝘩𝘶𝘯𝘨 𝘴𝘦𝘪𝘵 11 𝘑𝘢𝘩𝘳𝘦𝘯

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

The bank announced it will raise borrowing costs by 25 basis points in July - its first rate hike in more than a decade - and said a larger 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 said at a press conference.

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

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:

2. 𝘐𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘪𝘯 𝘥𝘦𝘯 𝘜𝘚𝘈 𝘴𝘵𝘦𝘪𝘨𝘵

Consumer prices in the U.S. increased in May as gasoline prices reached record highs 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% last month after rising 0.3% in April, the Labor Department said on Friday. Economists polled by Reuters had expected a 0.7% monthly increase in the CPI. Gasoline prices skyrocketed in May, averaging $4.37 per gallon, according to AAA data.

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

𝗔𝘀𝗶𝗲𝗻 🌏:

3. 𝘚𝘵𝘳𝘦𝘪𝘬𝘴 𝘪𝘯 𝘚ü𝘥𝘬𝘰𝘳𝘦𝘢 𝘴𝘦𝘵𝘻𝘵 𝘨𝘭𝘰𝘣𝘢𝘭𝘦 𝘓𝘪𝘦𝘧𝘦𝘳𝘬𝘦𝘵𝘵𝘦𝘯 𝘦𝘳𝘯𝘦𝘶𝘵 𝘶𝘯𝘵𝘦𝘳 𝘋𝘳𝘶𝘤

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

For the fourth straight day of strikes, it was just 20% at Incheon, while container traffic came to a complete halt at the port of Ulsan, the country's industrial heartland. 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

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

DocuSign $DOCU (-5,93%)

DocuSign posted 25% year-over-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: 🟩 $581.85 million expected vs $588.69 million published; variance: 1.18%

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP $9901 (-5,54%) , 15,70 € (🔼 +13,77%)

🟥 FLOP $DOCU (-5,93%) , 64,53 € (🔽 -21,75%)

🟥 Most searched $AMZN (-3,47%) , 105,38 € (🔽 -3,90%)

🟥 Most traded $AMZN (-3,47%) , 105,38 € (🔽 -3,90%)

🟥 S&P500, 3,919.76 (🔽 -2.44%)

🟥 DAX, 13,753.06 (🔽 -3.14%)

🟥 $BTC (-0,19%) ₿, 28.087,65 € (🔼 +0,83%)

Time: 17:00 CEST

𝗙𝘂𝗻 𝗙𝗮𝗰𝘁:

Germany stashes second-largest gold hoard

More than two-thirds of Germany's foreign reserves are stored in the form of gold bullion. About half of the total of 3,378 tons 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 U.S. gold reserve is heavier. It weighs more than 8,000 tons.

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟴.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin,

Porsche goes hunting? Soups lead to better sales prospects? And new feature at PayPal! What it has to do with it you read now.

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:

1. 𝘗𝘰𝘳𝘴𝘤𝘩𝘦 𝘢𝘶𝘧 𝘚𝘵𝘢𝘳𝘵-𝘶𝘱-𝘑𝘢𝘨𝘥

Sports car manufacturer Porsche is increasingly looking for innovative mobility start-ups. To this end, the Stuttgart-based Volkswagen subsidiary is collaborating with the American startup incubator UP.Labs and investing tens of millions. Six new companies are to be founded by 2025, Porsche announced on Tuesday.

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

🟩 $VOW3 (-4,37%) (🔼 +0,77%)

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

2. 𝘊𝘢𝘮𝘱𝘣𝘦𝘭𝘭 𝘚𝘰𝘶𝘱: 𝘏ö𝘩𝘦𝘳𝘦 𝘗𝘳𝘦𝘪𝘴𝘦 𝘶𝘯𝘥 𝘷𝘦𝘳𝘣𝘦𝘴𝘴𝘦𝘳𝘵𝘦𝘴 𝘈𝘯𝘨𝘦𝘣𝘰𝘵 𝘴𝘰𝘳𝘨𝘦𝘯 𝘧ü𝘳 𝘣𝘦𝘴𝘴𝘦𝘳𝘦 𝘜𝘮𝘴𝘢𝘵𝘻𝘢𝘶𝘴𝘴𝘪𝘤𝘩𝘵𝘦𝘯

Campbell Soup Co joined Kellogg Co and Kraft Heinz Co in raising its annual sales forecast 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 raised 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 prioritize essential foods over luxury items in the face of rising inflation.

🟥 $CPB (-2,13%) (🔽 -0,42 %)

🟩 $K (+0,19%) (🔼 +1,35 %)

🟩 $KHC (-3,09%) (🔼 +1,18 %)

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

𝗪𝗲𝗹𝘁 🗺️ :

3. 𝘗𝘢𝘺𝘗𝘢𝘭 𝘧ü𝘨𝘵 𝘈𝘣𝘩𝘦𝘣𝘶𝘯𝘨𝘦𝘯 𝘶𝘯𝘥 𝘌𝘪𝘯𝘻𝘢𝘩𝘭𝘶𝘯𝘨𝘦𝘯 𝘪𝘯 𝘒𝘳𝘺𝘱𝘵𝘰𝘸ä𝘩𝘳𝘶𝘯𝘨𝘦𝘯 𝘩𝘪𝘯𝘻𝘶

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 launched limited crypto trading in October 2020 and added commercial crypto payments in March 2021.

🟩 $PYPL (-4,25%) (🔼 +2,24 %)

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

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

Dave & Buster's $PLAY (+0,65%)

EPS: 🟩 $1.14 expected vs $1.42 reported; variance: +25.32 %.

Sales: 🟩 $440.63 million expected vs $451.1 million reported; variance: +2.38 %

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $9901 (-5,54%) 1,57 € (🔼15,44%)

🟥 FLOP, $ZIM (-6,69%) 56,63 € (🔽-11,34%)

🟥 Most searched, $AMZN (-3,47%) , 114,57€ (🔽 -0,04%)

🟥 Most traded, $AMZN (-3,47%) , 114,57€ (🔽 -0,04%)

🟥 S&P500 4,149.65 (🔽 -0.25%)

🟥 DAX 14,418.07 (🔽 -0.96%)

🟥 $BTC (-0,19%) Bitcoin ₿, €28,299.40 (🔽 -2.81%)

Time: 17:00 CEST

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

I wish I had yesterday...