May 11 2023 🕓 3 min
Rivian rises with strong results and future plans
Rivian may be in a good spot for a buy, as the company reported not as bad results as expected. Will this be only a correction?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
May 27 2022 🕓 3 min
SP500 returns above 4,000 USD again
It looks like we might see a strong rally as the index has posted a large bottoming pattern.
May 27 2022 🕓 2 min
Broadcom makes one of the largest acquisitions
Broadcom has agreed to buy cloud services provider VMware for $61 billion in cash and stock. It is the second-largest acquisition this year.
May 25 2022 🕓 2 min
The competition to switch to electric vehicles continues
Automaker Stellantis and tech giant Samsung SDI plan to together build a $2.5 billion battery plant in the US.
May 24 2022 🕓 2 min
Volkswagen could overtake Tesla in electric car sale
CEO Herbert Diess said at the World Economic Forum, that easing supply chain issues will help his company in the coming months.
May 23 2022 🕓 3 min
SP500 advances toward 4,000 USD
Can we expect a bear market rally in SP500? The index remains heavily oversold.
May 23 2022 🕓 2 min
Hyundai will invest over $10 billion in the US
Hyundai Motor Group will invest over $10 billion in the US by 2025 to strengthen cooperation with U.S. firms in advanced technologies.
May 22 2022 🕓 2 min
Apple wants to increase production outside China
The reason is the risk of further measures against the Covid pandemic, but also a possible problem between China and the US.
May 21 2022 🕓 3 min
Tesla is no longer the largest position in ARK Invest
Much controversy and debate have been stirred by ARK Invest founder Cathie Wood and her, for many, very risky portfolio management.
May 19 2022 🕓 2 min
Melvin Capital Management to wind down after losses
The hedge fund liquidates its assets and returns cash to investors. Retail investors are largely to thank for this.
May 18 2022 🕓 2 min
Russian division of Google to declare bankruptcy
Google says it has no choice because the authorities have seized its bank account, preventing it from making even the most routine payments.
May 17 2022 🕓 3 min
Ryanair cut their loss last year and expect a profit this year
Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
May 16 2022 🕓 3 min
SP500 falls below 4,000 USD as big banks sound negative
Wall Street analysts are increasingly pessimistic about the outlook for equities, and Goldman Sachs has become the latest to lower its year-end price forecast for the SP500 index.