๐ฆ๐ท Moody's upgrades Argentina's credit rating, citing greater predictability and consistency in economic policy.
Local currency debt moves from Caa1 to B3, while foreign currency debt improves from Caa3 to Caa1.
๐บ๐ธ๐ซ๐ท๐ฉ๐ช $META is launching a test in the US, Germany, and France, allowing buyers to browse eBay listings directly on Facebook Marketplace, with transactions completed on eBay.
$EBAY stock is up +10% after the announcement.
2024 was a great year for IPOs. Here are the largest ones ๐
๐บ๐ธ Reddit $RDDT +276.50%
๐บ๐ธ Astera $ALAB +177.65%
๐ง๐ฒ Viking $VIK +74.54%
๐ฐ๐ฟ Kaspi $KSPI +6.40%
๐บ๐ธ Lineage $LINE -28.59%
๐ซ๐ฎ Amer Sports $AS +115.93%
๐บ๐ธ Rubrik $RBRK +75.98%
๐บ๐ธ UL Solutions $ULS +49.18%
๐บ๐ธ ServiceTitan $TTAN +1.40%
๐บ๐ธ StandardAero $SARO -18.11%
๐ช๐บ The largest european company, Novo Nordisk $NVO, just crashed 20% after disappointing weight-loss drug trial data.
Europe no longer has a company in the global top 20 by market cap. ๐
What do IBM, GE, and ExxonMobil have in common? They once dominated the S&P 500. Just because a company is on top today doesnโt mean it will stay relevant in the next decade.
๐ฆ๐ท๐ The Argentinian Peso was the currency that most appreciated in the world during 2024.
๐ง๐ท๐ In contrast, the Brazilian Real was the currency that depreciated the most.
๐ง๐ท Brazil's Real falls to a new record low due to Lulaโs fiscal policies. Overspending, rising deficits and debt are driving inflation and wrecking the economy.