lördag 22 mars 2025

Economy

Mercedes: Quit and get up to 5.5 million

Mercedes is offering generous severance pay for thousands of employees who are protected from dismissal until 2034. This is part of the company's plan to save the equivalent of nearly 55 billion kronor by 2027, writes Handelsblatt.

The range is large, however. According to the newspaper, for example, a 55-year-old team leader with 30 years of experience can receive a severance pay equivalent to almost 5.5 million kronor. Those with less experience can instead count on figures around a million.

Warnings about "Squid game" market: Pure speculation

Leveraged ETFs have rapidly increased in popularity and experts warn that they could be a sign of a new speculative "Squid Game" market, where investors chase quick profits like the participants in the Netflix series. This is reported by Market Watch.

- It is pure speculation, says Acadian Assets portfolio manager Owen Lamont.

Despite funds linked to Tesla and Nvidia falling 70 and 32 percent respectively since the beginning of the year, many small savers continue to invest.

Experts also warn that daily rebalancing can erode returns in the long term, even during periods of growth. Despite the long-term risk, new products continue to be launched on the market at a rapid pace.

Strategist: Trump's chaos has turned the market against the dollar

Forex traders have become negative on the dollar for the first time since Donald Trump won the election. According to Bloomberg, this marks a dramatic change from January, when many believed in a strong dollar. Amundi currency strategist Paresh Upadhyaya believes that the reversal reflects a deteriorating view of the US economy.

- The chaotic and messy implementation of the tariffs has changed the market's previously positive view of Trump's policy impact on the economy, inflation and monetary policy, he tells the news agency.

The twists and turns around Tiktok
Sources: Increased US ownership could save Tiktok

The latest plan for Tiktok's future involves the largest non-Chinese investor in parent company Bytedance increasing its stake and taking over the US operations of the video app, sources familiar with the White House negotiations told Reuters.

According to the plan, Tiktok will create a separate US entity and reduce Chinese ownership to below 20 percent - a limit that would save the app from being shut down in the US, according to the sources.

Among the interested parties are trading firm Susquehanna, PE firm KKR and investment firm General Atlantic.

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