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📰 BizToc.com Hourly News Flash

1) NEOM's Elanan Awaits Guests —

NEOM's exclusive Elanan retreat to offer a new level of hospitality experiences in a futuristic cityscape. #NEOM
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) UPS Shuts Down Portland Hub —

Over 300 workers laid off as UPS closes its Portland facility, highlighting the impact of operational changes on workforce. #Layoffs
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3) UOB's Loan Growth Revision —

Singapore's UOB revises 2024 loan growth forecast, still beats Q4 profit expectations, demonstrating resilience amid economic uncertainty. #Banking
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2) AI Chip Demand Fuels Nvidia's Soar —

Nvidia's revenue and profit skyrocket driven by insatiable AI chip demand, underscoring the tech's growing influence in business. #Nvidia
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📰 BizToc.com Hourly News Flash

1) Chord Energy's Multi-Billion Bakken Deal —

Chord's $3.7 billion acquisition of Enerplus marks a strategic expansion in the Bakken shale, signaling consolidation in the energy sector. #Acquisition
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Nikkei Peaks Surpassing 1989 Record —

Japan's Nikkei stock average eclipses its zenith from 1989, reflecting strong corporate earnings and potentially heightening investor interest in Japan. #Equities
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3) Sinopharm Eyes $3B TCM Takeover —

Sinopharm proposes a nearly $3 billion deal to privatize Hong Kong-listed China-TCM, signaling consolidation in the traditional Chinese medicine industry. #Healthcare
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2) Nvidia Shatters Records Amid AI Surge —

Nvidia's record growth showcases the AI sector's explosion, with the chipmaker's latest earnings impressing investors and tech observers alike. #ArtificialIntelligence
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📰 BizToc.com Hourly News Flash

1) US Invests $2.3B in African Railway to Power EV Future —

The U.S. bets big on a $2.3 billion African railway project, eyeing sustainable supply chains for the booming electric vehicle market. #Infrastructure
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Hidden Value Gems
Didn't realise $HL.L is the 3d most shorted UK stock. It definitely faces competition risks due its high costs, but with stock down over 60% from the peak, it might be worth to take a fresh look?

I am on the sidelines on this one...

Lindsell Train owns 12.5%, 2nd largest shareholder after the co-founder, Peter Hargreaves (20%)
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Ben's Bites
today in AI:

1/ Google’s been pumping the weights for the past couple of weeks, trying to flex its AI muscles but every time it backfires on them. On Wednesday, @Google:

- released Gemma 2B and Gemma 7B, two SOTA open models.

- made Gemini available for Workspace users. More here: bensbites.beehiiv.com/p/gemi…

And guess what people are talking about? That its flagship chatbot, Gemini, is not creating pictures of white people. So, we wrote a bit about how AI is becoming Google’s Midas Touch: bensbites.beehiiv.com/p/ai-b…

2/ Remember Monday’s big news? A big AI company managed to get @Reddit’s data for $60M a year. Reuters report that’s also @Google: reuters.com/technology/reddi…
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The Long Investor
$AMD whos been with us here since September?

$AMD you won't believe this but I do not get to decide when a stock finds support.

What I do is buy when it finds support, this requires patience.

The 0.5 Fib at the 200 Day MA is an important level now. - The Long Investor
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