INCREASED LOSSES AT ELECTROLUX
- Electrolux, the second-largest appliance maker, posted an increased loss in the fourth quarter due to high costs, strong price competition and weak demand in North America.
- The operating loss for the quarter is estimated at about 3.2 billion kronor ($311 million), compared with a loss of 2 billion kronor in the same period last year.
- Electrolux...
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ARGOBLOCKCHAIN AND SHARE ISSUANCE
- Argo Blockchain PLC, a leading cryptocurrency miner, has successfully raised £7.8 million (US$9.9 million) from institutional investors.
- The funds were raised through the issuance of new ordinary shares and will be used to strengthen working capital, reduce debt and support other corporate initiatives.
- The new shares will be floated on the...
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BITCOIN AND POTENTIAL PRICE GROWTH
After a decade of rejection, the US Securities and Exchange Commission (SEC) is poised to rule on bitcoin exchange-traded fund (ETF) trading. If approved, the ETF will be offered by 13 companies including BlackRock.
Furthermore, investors are eagerly awaiting the upcoming bitcoin halving, which has driven significant price increases in the past....
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I'm very interested and looking forward to seeing how it goes, not least because I started investing in BTC before the start of the new year.
INFLATION IN THE EURO AREA
Inflation in the euro area reached 2.9% last month, partly due to German subsidies on heating bills. However, core inflation has been falling and is currently at 3.4%. The European Central Bank (ECB) is therefore maintaining a cautious stance on interest rate adjustments, suggesting that any rate cut could be delayed until mid-2024. The ECB's base rate...
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ČSOB'S ESTIMATE OF MORTGAGE VOLUMES FOR 2023
Banks in the Czech Republic granted mortgages worth CZK 138 billion last year, 25 billion less than in 2022. The volume of loans from building savings fell by CZK 20 billion to CZK 34 billion.
The group estimates that prices of apartments and houses fell in the fourth quarter of last year, while land prices rose.
Do you think there will...
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OUTLOOK FOR UBER
Financial services firm Wells Fargo named UBER $UBER stock one of its top picks for 2024.
Despite high marketing costs, it believes that revenue and EBITDA will be able to offset these costs. In addition, Wells Fargo believes that UBER has enough capital to buy 20% of its market capitalization over the next 3 years.
Uber is a great company with a great business, but the stock is currently expensive.
Greetings in the new year 2024 investors,
I'm honestly very curious to see how the stock markets will do this year, but also the mortgage and real estate markets and the overall macroeconomic segemnt.
But we also have cryptocurrencies that I would like to ask you if you are following them and how do you think bitcoin or ETH in particular will perform in 2024?
Let's all be green...
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🍀Only with BTC beware of sell-the-news, I'm not exactly a specialist but from what I've read there might be something to it. 🤷♂️
REDDIT IPO
2024
IPO date
15 billion USD
Potential valuation
Amount raised for IPO
Unknown at this time
Share price
Share price range not yet known
Reddit and IPO:
Reddit originally had a planned IPO in the spring of 2023.
IPO Plan Issues:
Poor results from other IPOs, high interest rates and resistance from investment giant Fidelity have complicated plans.
Reddit valuation:
Reddit was valued...
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So 2024 will be an interesting year in terms of IPOs. EpicGames and now Reddit. It's definitely going to be interesting and I'm looking forward to it.
BYTEDANCE SALES AND EXPECTATIONS FOR 2024
ByteDance 2023 Revenue:
ByteDance, the parent company of TikTok, has reported 2023 revenues in excess of $110 billion.
Growth over Tencent:
ByteDance has potentially surpassed its main competitor Tencent Holdings Ltd. in revenue.
E-commerce:
ByteDance's growth is linked to its success in e-commerce, even though the economy has declined.
Growth...
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IPO BY EPIC GAMES
Epic Games' IPO is expected to take place probably in 2024
Potential valuation
$30-32 billion
Amount raised for IPO
Not yet known.
Will you be interested in the IPO of this game development giant or will you just follow the development of this IPO?
I know this company and have used its services for gaming, so I have to say I'll be very interested in this IPO.
INFLATION IN THE CZECH REPUBLIC NEXT YEAR
Inflation in the Czech Republic next year:
Inflation in the Czech Republic is expected to fall next year, although it will fall short of the CNB's 2% target.
Impact of low price growth on wages:
Low consumer price growth is expected to lead to a recovery in real wage growth.
Economic recovery after the downturn:
This increase in wages could...
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What exactly does it mean that the labour market situation will remain tight?
NEW FUNDING FOR OPENAI
OpenAI funding talks.
- San Francisco-based OpenAI is reportedly in talks to raise a new round of funding.
- The company's valuation is estimated to be at least $100 billion.
Funding terms and timing:
- Funding terms and timing are still under discussion and subject to change.
Chip venture talks with G42:
- OpenAI is also reportedly in talks with Abu Dhabi...
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Oh, my goodness. The next award pretty much depends on how they stand up to the last version of gpt
THE DEVELOPMENT OF THE DOLLAR
Dollar above four-month low:
The dollar settled above a four-month low on Friday, while investors awaited the release of core US personal consumption expenditures (PCE) data.
Expectations of a rise in the core indicator:
The core PCE indicator was expected to rise 3.3% year-over-year, slightly less than the 3.5% increase in October.
Lower inflation...
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I don't invest, but I'm surprised to see such a loss