Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5 Top Stories

EU Disinformation Ultimatum; Chile Courts Japan; Arm Workers Jump Ship.

Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets.

EU Disinformation Ultimatum

Thierry Breton, the European Commissioner for the Internal Market, sent ultimatums to the CEOs of X and Meta [META] to remind them that, under the EU’s new Digital Services Act, they are obliged to curb disinformation around the Israel/Hamas conflict on their respective social media platforms. On Thursday the CEO of X Linda Yaccarino claimed that the platform had removed hundreds of accounts affiliated with Hamas. Meanwhile, a Malaysian government minister said that TikTok has not done enough to curb misleading content in the country.

Movement on EV Batteries in Japan

The Economy Minister of Chile — which has the world’s largest lithium reserves — is in Japan to court investors who want preferential access to the metal. On Thursday, Toyota [7203.T] announced it will partner with oil refiner Idemitsu Kosan [5019.T] to produce all-solid-state batteries. Another partnership announced on Thursday is between Honda Motor [7267.T] and trading house Mitsubishi [8058.T], who will together explore new businesses focused on electric vehicle (EV) batteries.

Arm Workers Jump Ship to China Start-up

Only weeks after its $5bn IPO, it has emerged that several employees of the China division of Arm [ARM] joined a chip design lab called Borui Jingxin, which is backed by local government. Bloomberg reported that the employees include the head of R+D and a government relations employee, who is now the CEO of Borui Jingxin. Several investors told Bloomberg they were concerned that Borui could end up siphoning revenue from Arm’s China-based operation.

New Strategy Could Net Amazon $100bn

The expansion of Amazon [AMZN] into shipping and distribution could be worth $100bn, according to a report from Truist Securities. Supply Chain by Amazon is part of the retail giant’s efforts to become a leading global logistics provider, with a unified service delivering ocean freight, Customs, ground transport and storage, among other services. Analysts believe the company could follow the model of Amazon Web Services, which it created for internal purposes before expanding to third parties.

Manila Electric Buys Stake in Solar Power Firm

The renewable energy arm of Manila Electric [MER] will buy $280m in shares of SP New Energy [SPNEC]. The acquisition will help fund SPNEC’s plans to develop 3,500 MW of solar panels and 4,000 MWh of battery energy storage systems. Meanwhile, global solar project developer Emeren [SOL] announced that it completed the grid connection of its inaugural solar storage project, in Zhejiang Province, China.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles