What’s going on? Brent oil price has reach $71/barrel – the highest level since May 2019 on the expectation of increasing demand when the global economy reopens; along with the decreasing supply. What does that mean? The supply cut is expected in the near future as: OPEC and Russia have reached the consensus to continue cutting…
Category: Daily News
Ep 142: HSBC’s better-than-expected quarterly earnings and Asian expansion plan
What’s going on? HSBC posted better-than-expected quarterly earnings It admitted it’ll need to start expanding into Asia sooner. What does that mean? HSBC has had two big challenges lately: it’s been making less from lending due to ultra-low interest rates, while simultaneously having to set aside enough cash for bad debt allowances; Even though last quarter’s…
Ep 141: Allied wins G4S takeover
What’s going on? A bidding war for G4S – the world’s biggest security firm – came to an end, with Allied winning over GardaWorld, and G4S shares dropped by their most in a year. What does that mean? A rise in the fear of terror attacks has led to a rise in the global security market,…
Ep 140: Oil price is expected to increase substantially
What’s going on? The oil price is expected to increase substantially sooner than Goldman Sachs thought. What does that mean? Demand for oil has finally started rebounding from 2020, with price increasing by more than 20% this year. But Goldman thinks that it’s only the beginning: it will rise another 20% by Q3. Some reasons:…
Ep 139: Plant-based milk company Oatly files for IPO in secret
What’s going on? Sweden-based Oatly – the maker of vegan food and drink products – has submitted plans for an IPO with possible valuation of more than $5 billion Morgan Stanley, JPMorgan and Credit Suisse have been hired as underwriters on the offering. What does that mean? Oatly has been distributing through partnerships with cafes in…
Ep 138: Warren Buffett revealed some hints
What’s going on? Berkshire Hathaway (Warren Buffett’s investment firm) was revealed to have sold off some of its Apple stock and quietly bought into three other companies. What does that mean? Berkshire Hathaway was selling off some of its stake in Apple, holding on to “just” $120b worth; it also recently sold stakes in JPMorgan…
Ep 137: Walmart’s worse-than-expected earnings
What’s going on? Walmart reported worse-than-expected earnings, driving its shares to fall by their biggest one-day drop in almost a year. What does that mean? With groceries, cleaning products, and plenty of other lockdown essentials, Walmart’s been a one-stop shop for Americans throughout the pandemic; especially when fresh government checks encouraged shoppers to buy last quarter….
Ep 136: Airbus’s better-than-expected earnings
What’s going on? Airbus (French aircraft manufacturer) reported better-than-expected earnings, but could still only see the pandemic coming. What does that mean? Good news: Airbus delivered more aircraft than analysts expected last quarter, meaning that Airbus ended up getting more cash than it expected. Bad news: the pandemic is still damaging Airbus’s profits, and the…
Ep 135: Uber losing a major UK Supreme Court ruling
What’s going on? Uber lost a major UK Supreme Court ruling (which has last for 5 years), forcing it to treat the 25 riders, who brought the case, as employees. What does that mean? Uber famously treats its drivers as freelancers, but this court ruling means it’ll have to treat, at least 25 of them,…
Ep 134: SoftBank’s flourishing result
What’s going on? SoftBank – a Japanese conglomerate, reported better-than-expected earnings after its investment in DoorDash really delivered. What does that mean? Both the global rally in tech stocks and the booming demand for IPOs has led to SoftBank’s doing well in private investments, leading to a record profit for its Vision Fund – the…
with HT 