onsdag 9 oktober 2024

Economy

The problems for SAS
SAS scraps Shanghai route

SAS announces that the flight to Shanghai from Copenhagen will cease on November 7 and refers to prevailing market conditions. "However, China is still an important market for SAS and we will actively follow the situation to see if there are future opportunities to re-establish our presence in this important region," writes SAS.

The last flight from Copenhagen departs on November 7. The last return trip from Shanghai takes place the following day.
 
....................................
 
The alleged bitcoin founder
Pointed out as bitcoin creator in documentary - dismisses

In a new HBO documentary, bitcoin developer Peter Todd is singled out as the cryptocurrency's creator Satoshi Nakamoto. However, Todd firmly claims that it is not him, and says that director Cullen Hoback is "grasping at straws".

- He has put some coincidences together and made it into something it is not.

However, Hoback says he is not surprised that Todd denies the conclusion of the documentary, and that he feels confident in his discovery, reports CNN.
 
...................................
 
The monopoly position of the tech giants
DOJ: Considers To Force Severing Google

Google may be forced to sell off parts of its business for competitive reasons. That's what the US Department of Justice says, which is investigating the company's monopoly position, reports several media.

If the company is forced to cut its operations, it is a historic judgment. No similar attempt against a tech giant has been made since they tried to dismember Microsoft 20 years ago but failed, writes Bloomberg.

Other consequences of the investigation could be that parent company Alphabet is forced to provide access to underlying data for Google's search engine and for the development of AI, writes the news agency.

.......................................

Today's stock market
Wall Street's broad index S&P reached a new record high

Wall Street turned from red to green during Wednesday's trading, closing as follows:
• S&P⁠ 500: +0.7%
• Nasdaq: +0.6%
• Dow Jones: +
During the evening, the Fed released its minutes that showed a disunited executive board. The stock markets were fairly unaffected.

On the corporate front, the cruise lines were winners after a strong labor market report. Norwegian Cruise Line surged more than 10 percent after an upgraded recommendation from Citi, pulling Carnival and Royal Caribbean Group with gains of 5-7 percent. Viking Holdings, which is controlled by Torstein Hagen, rose 2.6 percent.

Consumer company Helen of Troy surged over 17 percent after a strong quarterly report.

Aircraft maker Boeing, on the other hand, lost more than 3 percent on concerns about a downgrade to junk status.

Alphabet fell nearly 2 percent after antitrust investigation, which could lead to a cut. In that case, it would be a historic verdict, writes the FT

The chip company Super Micro Computer lifted over 4 percent.

Care company Kindercare Learning rose 8 percent in its debut.

The New York stock exchanges yesterday
S&P⁠ 500: +1.0%
Nasdaq: +1.5%
Dow Jones: +0.3%
Send feedback

Inga kommentarer:

Skicka en kommentar