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Highlights of the day: 5 May

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day


US FED
Fed raises rates by 50 basis-points.
This is the most aggressive hike since 2000.
Powell says 50bps hikes are on the table for the next couple of Fed meetings.

Twitter
Binance has announced that they will invest $500 million together with Elon Musk in Twitter takeover.
Elon Musk expected to become temporary Twitter CEO.

Sibanye Stillwater: Operating Update
Group adjusted EBITDA of R13.7 billion, which reflects a strong financial position.
Lockout at SA gold operations continues.
It has been a difficult quarter characterised by socio-political and economic uncertainty.
The Q1 2022 annualised adjusted EBITDA is the highest since the inception of the Group, signalling a significant and sustainable transformation in the financial position and outlook of the Group.

Mercedes-Benz
Revenue fell 3%.
Earnings fell 34%.
Chip shortages resulted in a 22% decline in the number of C-Classs sold.
Cash flow was reported to be negative R3.4 billion.
The company is preparing for electric vehicles.

Biggest winners and losers: 
JSE
Hosken Consolidated Investments +6.26%
Sibanye Stillwater -7.81% 

US
Twitter +3.42%
eBay -9.73% 

Crypto
Bitcoin -3.7%
Ethereum -1.6%
Terra -2.5%


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