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Highlights of the day: 11 May

April 21, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day


Apple
Apple is discontinuing sales of the iPod, which was first introduced in 2001.

Bitcoin
Fidelity will allow customers to allocate as much as 20% of their 401(k) to Bitcoin.

Netflix
Netflix with ads is reportedly coming in the fourth quarter.

Coinbase
Cathie Woods ARKInvest has added more than 660k shares of Coinbase today.
Coinbase said in their earnings report that they hold $256 billion of fiat and cryptocurrencies on behalf of their customers.

Google
Google announced new smartphones, a new watch, a new tablet and Android 13 at the I/O 2022 event.
Google says they are investing $10 billion to modernize vulnerable systems and infrastructure

The Johannesburg stock exchange (JSE)
The JSE now has a 'Transition Segment' - a platform where entities can raise funds for climate or just transition-related purposes.
The JSE is considering allowing investors to access companies listed on other exchanges in Africa, using depository receipts.

Harmony Gold Operational update for the nine months ended 31 March 2022
Overall production quarter on quarter was down 11%.
Group cash operating unit cost increased by 14% quarter-on-quarter.
Most of the increase is attributable to the acquisition of Mponeng and related assets in the financial year 2021.

Sappi Second quarter results for the period ended March 2022
The group generated EBITDA of US$337 million, which was three times that of the prior year.
Tight global paper markets were the principal factor behind the quarters success and enabled the implementation of higher selling prices
Sales volumes in the pulp segment increased by 9% compared to the prior year.
EPS for the quarter was 35 US cents, which was a further improvement on the 20 US cents in the prior quarter.
Sappi says there's been a significant recovery in graphic paper demand. 
Together with a reduction in supply, this means there's an "unprecedented global shortage of graphic paper".

Biggest winners and losers:

JSE
Clicks +4.21%
Sibanye -8.52% 

US
Moderna +6.13%
AMD -2.88% 

Crypto (slaughter continues)
Bitcoin -8.2%
Ethereum -16.5%
Solana -23.2%

Our weekly newsletter discusses the highlights of the week, as well as a brief overview of the best content posted on the app for the week. To sign up, feel free to visit our website: https://www.finmeup.co.za/, or click directly on the following link: https://bit.ly/FinMeUp_Newsletter


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