July 27, 2024, 3:04 a.m.
The Daily Update: 2 May
July 17, 2023
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FinMeUpThe latest updates from the JSE and NYSE over the past 24 hours.
 
South Africa
BHP Group Limited
- BHP has completed the acquisition of OZ Minerals Limited.
Glencore
- Glencore has purchased non-controlling equity stakes in Mineracão Rio do Norte S.A. and Alunorte S.A. from Norsk Hydro ASA for $775 million.
- Glencore will acquire a 30% equity stake in Alunorte and a 45% equity stake in MRN.
Gold Fields Limited
- Gold Fields has partnered with Canadian miner Osisko Mining to develop and mine the Windfall Project in Quebec, Canada.
- Gold Fields has acquired a 50% interest in the Windfall Project for CAD 300 million ($220m), with the remainder of construction capital expenditures to be shared on a 50/50 basis.
Impala Platinum Holdings Limited- Production report
- Total 6E Group production volumes decreased by 2% to 2.35 million ounces, while managed volumes improved by 1% to 1.74 million ounces.
- Gross 6E refined and saleable production declined by 9% to 2.14 million ounces due to maintenance timing and load curtailment.
- PGM pricing faced headwinds due to short-term demand and supply dislocations, and input pricing has eased for some key consumables but the impact of rand depreciation remains.
 
The U.S.
JPMorgan
- JPMorgan has officially taken control over First Republic Bank from the FDIC.
Apple
- Apples new high-yield savings account brought in almost $1 Billion in deposits over its first 4 days.
Sofi Earnings
- EPS of -$0.05 beating expectations of -$0.07.
- Revenue of $460M beating expectations of $441M.
Meta Earnings
- GAAP EPS of $2.20 beating expectations of $2.01.
- Revenue of $28.10B beating expectations of $27.66B.
- Facebook daily active users came in at 2.04 billion above expectations of 2.01B.
- Facebook monthly active users came in at 2.99B missing expectations of 3B.
- Facebooks Metaverse division performance from Q1:
- They brought in $339M in revenue down from $695M in the same quarter last year.
- Net Loss of $4 Billion up from $3 Billion in the same quarter last year.
Amazon Earnings
- EPS of $0.31 beating expectations of $0.22.
- Revenue of $127.4B beating expectations of $124.55B.
- Amazon Web Services brought in Revenue of $21.4B up 16% YoY above expectations of 14% growth.
- Amazon's CEO has said they want to build the world's best personal assistant and AI is a big part of that.
Pinterest Earnings
- EPS of $0.08 beating expectations of $0.02.
- Revenue of $603M beating expectations of $592M.
Snapchat Earnings
- EPS of $0.1 beating expectations of -$0.1.
- Revenue of $988.6M missing expectations of $1.01B.
Cloudflare Earnings
- EPS of $0.08 beating expectations of $0.03.
- Revenue of $290.20M missing expectations of $290.72M.