FlowBank's hand-curated fresh financial news [header_noDither] Sony Loses $10 Billion In A Week! Last week, Sony's stock value dropped by $10 billion after the company lowered its PS5 sales forecast, leading to a significant decline in share price. Analysts are more concerned about Sony's gaming division's shrinking operating margins, which fell to just under 6% in the December quarter, a stark decrease from previous years. Despite high digital sales and profits from the PS Plus subscription, margins are at near-decade lows, partly due to rising software production costs, such as the $300 million spent on "Spiderman 2." WHAT'S MOVING [Group 1742 (29)-1] [Start Trading](113/cXx8Z04/VW8yRJ3xRD6zW6Y5nQf5P22QJVVm64t59J4ssMpKrlq2-ZVTW6N1vHY6lZ3nvVfVhXc4Pvhh0W3jqMN_82NpdlW1QwMt88L5W-XW8tP-MN5hDpNNW2CwYSZ5cD9-5W2N9yKV3kSwDZW4lyvPx76NZtPW6G98gc2gVXsmW21CjNk7hMfyjW4VtjP22vYFKHW7z4scj6CNxnMW5KnWlg4T2BwvW78CT675BtKHWW6xsJCw62-nhWW8thgjD5bX1LlW5V6LHp4XvttwW6JXgsx6xvcsBV-lnlN2Mb_kKW27TNGt5Gr4R9W5V7PPj2czXvGW19mQvM2CpQVKW59g2lH1-TcQLf74wwrY04) [Group 1752 (19)] Apple The European Commission plans to fine Apple 500 million euros for breaching EU competition laws by limiting app subscription alternatives. This move is part of the EU's wider effort to regulate tech giants' market practices. [Group 3 (29)-2] Nvidia Nvidia's upcoming earnings are key for the AI-driven market rally, potentially affecting various tech stocks like; AMD, ARM, TSM, AVGO, PLTR, MSFT, and GOOGL. [Group 1750 (26)] Berkshire Hathaway Singapore plans to invest over $743 million in AI over the next five years, aiming to enhance its global business and innovation hub status. This investment includes implementing the National AI Strategy 2.0 to foster a responsible AI ecosystem and promote technological advancements. WHAT'S COMING UP? Holiday: United States - Washington's Birthday GBP: Rightmove House Price Index (YoY) (Feb): Prev. -0.7% IN OTHER NEWS Wall Street Following a concerning inflation report, stocks fell on Friday, dampening hopes for early Federal Reserve rate cuts. The S&P 500, Dow Jones, and Nasdaq all dropped, ending their five-week streak of gains and closing the week with losses. [Group 1769] Europe & Asia Pacific European stock markets are anticipated to start the week on a downtrend, with declines expected in major indexes including the U.K.'s FTSE 100, Germany's DAX, France's CAC, and Italy's FTSE MIB. Hong Kong's Hang Seng index dropped 1%, with the Hang Seng Tech index declining by 2.7%. Japan's Nikkei 225 slightly fell by 0.07%, despite nearing a record high, whereas the Topix gained 0.5%. South Korea's Kospi rose by 1.3%, with the Kosdaq remaining unchanged. Australia's S&P/ASX 200 saw a modest increase of 0.1%, closing at 7,665.10. MARKET INSIGHTS US Inflation Rate Surprises To The Upside: Dollar Rallies It was supposed to be another benign inflation report according to economist estimates, potentially paving the way for the Federal Reserve to initiate rate cuts in the first half of the year. Instead, the January figures have surprised investors to the upside, now pushing further ahead the start of policy easing in the United States. [Read more](113/cXx8Z04/VW8yRJ3xRD6zW6Y5nQf5P22QJVVm64t59J4ssMpKrkR2-ZVTW5BW0B06lZ3l9W4Qkjsj2zSfYwW5NYNbC7K7jqYW2H3b0q7-_GBTVQ93BP3xB1vjW9jNGgq8F9wBhW86kvdw9fjpStW1SL6tn1Myw7NVkggyP4YdKmqW7167023KrYkVW8R01-n2lkVBnW61LXVF50HNDBW40GtYl4cKCh7W2dyZQ26l4BpPW29w1CD1-xy2hW6KYXqL8X_szJN2XJGSKHsqtsW1z3YKb7tWrVzW1tm35Q8cXsNZf87F9Jg04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VW8yRJ3xRD6zW6Y5nQf5P22QJVVm64t59J4ssMpKrkR2-ZVTW5BW0B06lZ3mZVwhqDB5J_rCsW72Sjn_2dNvFmW5mW4p88V5h21W9hqZh62Gwn78W1zlYwg4mP3P3W66fmFz2GRXFsW3H180f5BBzPQVjmxqm514sMnN3NQ0qM2r1pyW1hlBRq4JxxRsW2_6gXL75P5n0W2VpTGl3x4dVLW47wWTN2_tClbW8wL2rX4p0NByW5Rmj0P51NT2jW3nF9Rs5l8m5tW3m-D7v3PXr6TW7gr5Rf4kcb3hf3z3YQz04)
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