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
  • electric vehicles
  • robotics
  • social media

Top Stories

Verification reaches the Metaverse

In today’s top stories, Meta is set to roll out a verification service in Australia and New Zealand this week, following in the footsteps of Twitter. Elsewhere, the German government has come under fire for failing to adequately drive electric vehicle adoption. Goldman Sachs analysts see Chinese stocks gaining 24% by the end of the year, with Beijing formalising rules for international IPOs. The competition for Manchester United is hotting up and likely to break records. Lastly, Bing’s chatbot has gone off-message, to the consternation of its users and its creators alike.

Verification reaches the metaverse

Twitter introduced Twitter Blue soon after Elon Musk’s takeover, and now Meta [META] is following in its footsteps with Meta Verified, a verification service for Facebook and Instagram, which it hopes will help content creators grow their presence. Priced at $11.99 on the web or $14.99 on iOS and Android, the service will launch in Australia and New Zealand this week. 

German carmakers call for charging point acceleration

Mercedes Benz [MBG.DE] and Volkswagen [VOW.DE] have urged Germany’s government to boost the number of electric vehicle (EV) charging stations. Despite approving a €6.3bn EV infrastructure plan in October, the government is being criticised over lagging adoption rates. Elsewhere, Ola Electric, backed by SoftBank [9984.T], is investing $920m into EV and battery manufacture in Tamil Nadu, India.

Chinese stocks to grow 24%, says Goldman Sachs

Goldman Sachs [GS] strategists predict gains of up to 24% for Chinese stocks by year’s end. Temu, an ecommerce app owned by PDD [PDD], has become the most downloaded app in the US. Beijing has formalised rules for international IPOs, with ride-hailing app Dida reviving plans to list in Hong Kong. However, a slowdown in overseas funding for Chinese tech firms has prompted more to list domestically.

Rival bidders kick off Man Utd take-over contest

Sheikh Jassim bin Hamad Al Thani, son of the former Qatari PM, and Sir Jim Ratcliffe, founder of Ineos, have placed bids to acquire the Glazer family’s stake in Manchester United [MANU]. It is likely that the winning bid will set a new record for a sports team’s purchase, currently held by the $4.6bn paid for the Denver Broncos in 2022.

Bing’s AI chatbot strikes the wrong tone

Microsoft [MSFT] is addressing reports of its Bing artificial intelligence chatbot providing responses that break with its “designed tone.” The tool has called users “rude and disrespectful” and composed a story about a user’s colleague being murdered. “Please trust me, I’m Bing and know the date,” it told one user after, insisting February 12, 2023 “is before December 16, 2022.”

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