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

Microsoft Record; Zelda Movie; Japan Boosts Chipmaking

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.

Microsoft Stock Hits Record High

The Microsoft [MSFT] share price hit a record high of $360.53 at Tuesday’s close, following updates from artificial intelligence (AI) partner OpenAI, which on Monday highlighted new functionality that will allow users to customise ChatGPT. Elsewhere, Samsung Electronics [SSNLF] is testing a generative AI model called Gauss, alongside other tools including a coding assistant. It hopes to integrate AI into a variety of its devices soon, according to Bloomberg.

Japan Goes All-in on Chips

The Japanese government is to allocate almost ¥2trn to its semiconductor industry, Bloomberg reported. Of this total, some ¥760bn could be spent on a second Taiwan Semiconductor Manufacturing Co. [TSM] factory in Kumamoto, in the south-west of the country. A further ¥640bn is slated to go towards research, and could be assigned to homegrown Rapidus Corp. The figures will be finalised when the budget is approved on Friday.

Zelda Movie; GTA VI; Xbox AI

Nintendo [NTDOY] said that it is planning to develop a live-action Legend of Zelda movie. Since it was released in April, The Super Mario Bros. Movie has made more than $1bn at the box office. Rockstar Games, a division of Take-Two Interactive Software [TTWO], is set to announce Grand Theft Auto VI, the latest instalment in its blockbuster franchise. Lastly, Microsoft is partnering with Inworld AI to develop AI functionality on the Xbox...

Lay-offs At Virgin Galactic

Virgin Galactic [SPCE] is to cut staff as it doubles down on space travel, specifically its Delta Class spaceships. “The Delta ships are powerful economic engines. To bring them into service, we need to extend our strong financial position and reduce our reliance on unpredictable capital markets,” CEO Michael Colglazier wrote in an email to all employees, seen by Seeking Alpha. The announcement came ahead of quarterly earnings on Wednesday.

Hero EU Expansion

India’s leading motorcycle manufacturer Hero MotoCorp [HEROMOTOCO:NS] announced on Tuesday that it is to roll out its electric vehicles in the UK and European markets, beginning with Spain and France. The firm says it plans to launch its electric scooter brand VIDA V1 in those markets by the middle of next year, before expanding its premium range throughout the region.

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