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BLOOMBERG Bloomberg July 3, 2024

A surprise announcement as they unveiled a 3 billiondollar buyback. Japanese stocks rally, a wild 24 hours for the yen. Chinese stocks edge lower. Inflation numbers including ecb rate cuts. Top corporates report. We focus on autos and airlines. The numbers crossing when it comes to mercedes, scrutinizing the margin. First quarter adjusted earnings before interest and tax below estimates. Its famous. We knew it would be challenging. Estimates had been for 3. 7 one billion. They see fullyear cars adjusted 10 to 12 so they maintain guidance in terms of the margin. Estimates had been for 11. 1 so they range between 10 and 12 , they struggled. Were going to try to get more details. Cost inflation has been a challenge that hit volumes. Looking for supply constraints, they are again coming through. Adjusted earnings below estimates. Estimates are for 3. 71, so lets switch focus to the airlines. German airlines struggled with industrial action. Profit has been hit by strikes and
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Magellan Global bets on GenAI trend

Magellan is betting on generative artificial intelligence in its flagship $7 billion Magellan Global Fund as it believes “major progressive evolutions” and heightened innovation will develop in the space. ....

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Quantum Computing: After Artificial Intelligence, It Could Be The Next Big Thing

Much like artificial intelligence, quantum computing has the potential to transform many industries. But a cybersecurity threat looms large. ....

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Twitter and eToro strike deal to boost #FinTwitter

Meanwhile, there’s significant news in Europe for Meta and OpenAI. ....

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