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.
AI: Microsoft’s Key Consideration
An artificial intelligence (AI) key for certain Microsoft [MSFT] keyboards will be unveiled at the CES technology conference. The key, which will activate Microsoft’s AI Copilot, marks the first keyboard change since the Windows/Start key was added in 1994. Elsewhere, Intel [INTC] has appointed Justin Hotard, previously of Hewlett Packard [HPE], to lead its key data centre and AI division.
Galaxy Gets a Brain
Samsung [SSNLF] is also putting AI front and centre, with a teaser for the 17 January launch of its Galaxy S24 smartphone promising that “Galaxy AI is coming”. Bloomberg predicts that AI capabilities could displace camera and display improvements for smartphone models in 2024. Meanwhile, South Korea attracted a record $18.8bn of foreign direct investment during 2023, thanks to growing confidence in its technology sector.
GM’s EV Plans Hit Roadblock
General Motors [GM] met just half of its electric vehicle (EV) delivery target last year, reported Bloomberg, with just 14,000 of the 75,000 delivered featuring the company’s new Ultium batteries. GM is offering $7,500 lease incentives on EVs that lost a tax credit earlier this week; Ford [F] is likewise discounting some EV models, but hiking the price of other models by $10,000.
Zuck Cashes in on Meta’s Gains
Bloomberg reported that Mark Zuckerberg, CEO of Meta Platforms [META], sold shares in the company in every session in the months of November and December. Following Meta’s 194% gains for the year, the 1.3 million shares sold had a total value of approximately $428m. The sales marked Zuckerberg’s first sale of shares for two years prior to the period in question. Read the story of Zuckerberg’s vision for the metaverse here.
Lawyers Leverage Amazon Crackdown
The Financial Times reported that a cottage industry of lawyers helping small businesses regain access to Amazon’s [AMZN] marketplace has emerged, following the e-commerce giant’s crackdown on independent merchants. ByteDance’s TikTok hopes to grow its US business tenfold to $17.5bn this year, Bloomberg reported, threatening Amazon’s market share.
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
- Includes free newsletter updates, unsubscribe anytime. Privacy policy
