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.

  • Updates
  • e commerce
  • fintech
  • india tech
  • semiconductors

5 Top Stories

Temu Splashes Out; SoftBank Soars; Paytm On the Brink?

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.

Will Super Bowl Spend Reverse Temu’s Drop-Off?

PDD-owned [PDD] e-commerce app Temu splashed some serious ad cash during Sunday’s Super Bowl in the US. It aired its advertisement six times, and also offered some $10m in giveaways. Bloomberg estimates the firm spent tens of millions of dollars on the spots, but it remains to be seen whether the efforts will reverse dwindling sales in the US: observed sales fell 12.5% month-on-month in December, and 4.8% in January.

SoftBank Soars on Arm Pop

The SoftBank [9984:T] share price has ridden to a two-decade high on the back of Arm’s [ARM] ongoing rally. The chipmaker’s value has nearly doubled since last week, when it outlined its plans to leverage excitement around artificial intelligence (AI). Shares in SoftBank jumped 34% across three days, to their most overbought level in two decades, reported Bloomberg.

Paytm: On the Brink?

“Paytm faces a serious risk of customer exodus which significantly jeopardises its monetization and business model,” Macquarie analysts Suresh Ganapathy and Punit Bahlani wrote in a note seen by Bloomberg. The Indian fintech firm’s [PAYTM:NS] share price plunged 8.6% on the news. The Reserve Bank of India has slammed curbs on the Paytm Payments Bank following regulatory irregularities.

Job Cuts at BlackBerry

In its push for profitability BlackBerry [BB] will slash approximately 200 jobs roles at its cybersecurity business. The Ontario-based firm said on Monday that it had made progress separating out its IoT and cybersecurity units, and had identified potential efficiencies in cybersecurity — particularly with regard to cost of goods sold, and research and development. The layoffs are expected to lead to $27m in annualised savings.

CrowdStrike Expands Footprint in the UK

Cybersecurity firm CrowdStrike [CRWD] has signed a deal with Ignition Technology, which will serve as the former’s strategic distribution partner in the UK. Ignition will add the AI-native Falcon platform to its portfolio. Ignition “deliver[s] differentiated customer success and deep market expertise”, said Daniel Bernard, Chief Business Officer at CrowdStrike.

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