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Highlights of the day: 16 June

July 17, 2023
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FinMeUp
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FinMeUp

FinMeUp Highlights of the day

 

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U.S.

Disney

  • Disney is offering a global travel package to all 12 of its parks for $110K called Disney Parks Around the World: A Private Jet Adventure.
  • "The 24-day tour includes private jet travel to all 12 of the companys parks around the world plus stops at other manmade wonders such as the Taj Mahal, the Pyramids of Giza and the Eiffel Tower."

Meta

  • META is changing its algorithm to strengthen its competition to TikTok.
  • "Facebook employees were recently given a new directive with sweeping implications: make the apps feed more like TikTok."

The fed has hiked rates

  • The fed has hiked rates by 75 bases points.
  • This was the largest rate hike from the FED since 1994.

Twitter

  • Elon Musk is expected to confirm his desire to own Twitter when he speaks with twitter employees tomorrow.

Sony & Honda motors

  • Sony Group and Honda Motor have announced theyve signed a joint venture agreement to establish a new company that will sell electric vehicles and provide mobility services in a deal that was initially unveiled in March.

Amazon

  • Amazon reportedly plans to expand into 5 new countries Belgium, Chile, Colombia, Nigeria, and South Africa.

eBay

  • eBay has announced its new live shopping platform eBay Live.

Tesla

  • Tesla has raised prices across its entire lineup with some models going up by as much as $6,000.
  • The only Model 3 affected was the long-range going from $55K to $58K.
  • The Model Y Long Range increased from $63K to $66K and the Model Y Performance increased from $68K to $70K.
  • The Model S Dual Motor All-Wheel Drive Long Range increased from $100K to $105K.
  • The Model X Dual Motor All-Wheel Drive Long Range increased from $115K to $121K.

 

Biggest winners and losers

JSE (public holiday)

US

  • Monster Beverage +0.02%
  • Tesla -8.54% 

Crypto

  • Bitcoin -4.4%
  • Ethereum -6.4%
  • Polkadot -7.7%

 


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