headlines...by halloapp

01-08-2024

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halloapp
January 08, 2024

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01-08-2024

TECH

  • CES 2024 features major tech companies showcasing hardware and AI updates, including robots, transparent displays, and personalized gaming laptops.

  • Apple’s Vision Pro mixed-reality headset will be available for pre-order on January 19 and will ship on February 2.

  • Nvidia’s stock faces challenges in China due to US export restrictions, causing Chinese tech giants to order fewer chips. Nvidia plans to mass produce its H20 AI chip for the Chinese market in Q2 2024.

  • iPhone sales in China are projected to decline by 30% in the first week of 2024, facing competition from Huawei and other domestic rivals.

  • Carta is investigating allegations of misusing customer data and approaching investors about selling shares without consent.

  • Amazon’s main source of profitability is its cloud platform, Amazon Web Services (AWS), which accounted for 74% of operating income in 2023.

MEDIA

  • Radio and audio-streaming company Audacy has filed for Chapter 11 bankruptcy to reduce its debt from $1.9 billion to $350 million.

  • Al Jazeera journalists killed in Israeli airstrike in Gaza, including son of bureau chief, sparking condemnation.

  • Bet365 CEO Denise Coates received a £220.7 million salary despite the company’s £72.6 million loss due to higher costs and entering new markets.

CONSUMER

  • Crocs projects 2023 revenue growth of over 11% and expects to exceed its operating margin target, leading to a 7.6% rise in shares.

  • Etsy’s annual transactions exceed $13 billion, with profits from seller fees, leading to higher profit margins than traditional retailers like Walmart.

  • Global-e Online’s stock surged 16% in December following the Federal Reserve’s announcement of anticipated interest rate cuts in 2024.

  • Genesco’s stock plunges 16% as the retailer lowers its profit guidance for Q4 and predicts a 1-2% decrease in sales.

REAL ESTATE

  • Medical Properties Trust is facing tenant troubles as Steward Health Care struggles to make rent payments, but is taking actions to recover unpaid rent.

ECONOMIC

  • Congressional leaders have reached a bipartisan spending deal of $1.59T to avoid a government shutdown, with some objections from Republicans.

  • Bangladesh Prime Minister Sheikh Hasina has won a fourth consecutive term with her party securing an absolute majority in the general election. The election was boycotted by the main opposition party.

  • German stocks (DAX) rose 0.2% after November data showed a rebound in exports and imports, while Euro Area retail sales declined by 0.3% in November. German manufacturing orders also increased by 0.3%.

CRYPTO

  • The approval of a bitcoin spot ETF by the SEC could attract new investors and billions in investments. BlackRock has $2 billion lined up for its spot Bitcoin ETF. Multiple firms, including BlackRock and Ark, have filed amended forms for Bitcoin ETF applications. The SEC has until January 10 to take action on these applications. Thirteen spot Bitcoin ETFs are awaiting approval, with Invesco Galaxy planning to waive fees for the first six months. Bitcoin, Ethereum, and Dogecoin experienced a drop in value as the deadline for the decision on the spot BTC ETF approaches.

  • BlackRock’s planned spot bitcoin ETF will have a fee of 0.30%, lower than competitors Valkyrie Investments and Fidelity.

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