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Rivian - The electric vehicle startup, obtained 20% by Amazon ( $AMZ (+1,9%) ) , is seeking $8.4 billion in funding through the IPO. This would make it the third largest IPO in the U.S. in the last 10 years. Rivian would be valued at $53 billion, almost as much as Honda ( $HDM (-0,69%) A share is expected to cost between $57 and $62.
In October, Amazon ordered 100,000 electric delivery vehicles from Rivian, which is building a brand of electric SUVs and pickups in parallel with this production.
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Date ex-dividend: Armstrong World Industries ( $91A (+0%) ), Banco Bradesco ( $BRE (+0%) ), Banco Santander (Mexico) ($BSMX ), Cambridge Bancorp ( $CATC ), Fomento Econรณmico Mexicano ( $FOMC (-2,49%) ), Hess Midstream ( $HESM ), Hope Bancorp ( $NRB (-1,15%) ), NextEra Energy ( $1NG ), S&T Bancorp, Inc. $STBA ) and WSFS Financial Corporation ( $WSFS (+1,85%) ).
๐๐ต๐ถ๐ณ๐ณ๐ฟ๐ฒ๐ ๐๐ฟ๐ถ๐บ๐ฒ๐๐๐ฟ๐ถ๐ฒ๐น๐๐
Today ( $ACE1 (-3,59%) ), Ansys ( $AKX (-0,18%) ), BMW ( $BMW (-0,59%) ), Geberit AG ( $GBRA (-0,16%) ), Klรถckner & Co ( $KCO (-1,05%) ), Lufthansa ( $LHA (-1,3%) ), Marriott International ( $MAQ (-0,37%) ), MetLife ( $MWZ (+0,82%) ), Norma Group ( $NOEJ (-2,86%) ), Novo Nordisk ( $NOVC ), Qualcomm ( $QCI (-2,78%) ), Raiffeisen ( $RAW (-0,14%) ), Teamviewer ( $TMV (+0,2%) ) and Zalando ( $ZAL (-1,46%) ) present their figures.
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Fed - The Federal Reserve holds its interest rate meeting today, at which the U.S. central bank will likely announce a reduction in its bond-buying program. As a result, speculation about a possible interest rate hike next year is already in the air.
In advance, the markets are very positive and remain well oriented. According to CMC Markets analyst Jochen Stanzl, this change in monetary policy is no longer a major factor for the stock markets. The reason is that the quarterly figures are still very positive.
Lufthansa ( $LHA (-1,3%) ) - In the third quarter, Deutsche Lufthansa nearly doubled its revenue. Revenue rose 96 percent to 5.2 billion euros in the months of July through September. The adjusted loss before interest and taxes fell to 17 million, compared with 1.262 billion in the same period last year. This is an "important step" to get out of the crisis, said group CEO Carsten Spohr. The Group expects to be able to continue to increase its revenue over the full year 2021.
HelloFresh ( $HFG (+0,3%) ) - HelloFresh raised its revenue guidance again on the back of strong growth in the current fiscal year through October. Core revenues increased to โฌ1.416 billion from โฌ970 million in the same period last year. This is due to strong customer growth and a continued high order rate as well as high average order values. The adjusted operating margin before interest, taxes, depreciation and amortization is expected to be between 8.25 and 10.25 percent.
G20 - The global minimum tax is due in 2023. Any company with annual sales of more than โฌ750,000 will pay a 15 percent tax on its profits. Large digital companies must have at least โฌ20 billion in revenue and a pre-tax profit margin of at least 10 percent to be covered by the global sales tax. Amazon ( $AMZ (+1,9%) ) would then be spared its 5% margin, while Apple ( $APC (+0,17%) ) would be asked to pay. Tax havens would also become less attractive, as the tax burden would not fall on the home countries, as is currently the case, but on the market countries, i.e. where most of the turnover is generated.
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El Salvador - With the surplus from the El Salvador Bitcoin Trust, the country wants to build 20 new "Bitcoin schools." After another purchase of 420 BTC ( $BTC-EUR (-0,23%) ), the government currently holds 1,120 BTC in its Bitcoin Trust account. Already in mid-October, President Nayib Bukele announced the allocation of four million US dollars from the Bitcoin Trust for the construction of a new veterinary hospital.
Squid Game - The coin bearing the abbreviation SQUID, which alludes to the Netflix series Squid Game, shocked the crypto scene yesterday. The coin was launched last Thursday at a starting price of $0.01. Within 4 days, the price increased by an incredible 380,000.00% to $38 on Monday morning. After further growth, the price rose to $89 the same day. However, the journey was not to end there. Within 3 hours, one event followed another. The price of SQUID reached an incredible $2,861.80 and just 5 minutes later, the coin collapsed 99.99% to $0.0007926.
In addition, the website that was promoting the coin is no longer online. It is also known that many SQUID holders were unable to sell their positions after a while, so they could only sit on their hands. It was therefore a "rug-pull", i.e. the promoters of the project sold it and went underground with the profits. In addition, it is now clear that there is no connection with Netflix or other representatives of the series.
Please consider this story as a warning (๐จ) of what can happen when one recklessly invests in small-cap memes. Many investors have lost their money with no chance of getting it back. Educate yourself before you invest. You'll be able to see exactly what you need to pay attention to on our Instagram page in the coming days.
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