Apple to reach $US4 trillion value in 2024

December 22, 2023

Good Morning,

Oil falls over demand concerns after U.S. inventory build, Apple to reach $US4 trillion value in 2024: Wedbush, Suppliers dread as Foodstuffs merger application lodged, Tesla is getting trounced by S&P 500 three years after joining, Fund managers ready for a big year in small caps and Global banks see no recession, US companies are more circumspect.

Let's jump in.

Before The Bell

Markets

  • ASX retreats, Liontown slumps, Pacific Smiles powers up (AFR)

  • Apple to reach $US4 trillion value in 2024: Wedbush (AFR)

  • Tesla is getting trounced by S&P 500 three years after joining (AFR)

News Summary

  • Survey finds a million Kiwis struggling to access GPs as doctors call for 'urgent' action (Stuff)

  • BNZ becomes latest bank to cut two-, three-year home loan rates (Stuff)

  • Judge says Rudy Giuliani must pay US$148 million judgment immediately (Stuff)

  • Newsable: Fact-checking fake news can make you more likely to believe it (Stuff)

  • TradeWindow cuts ties with nChain in confidential settlement (NBR)

  • Power Trip’s $2m EV growth ambition (NBR)

  • 1000+ jobs gone as major labour hire firm enters receivership (NBR)

  • US cloud providers may expose NZ firms to foreign legal requests (NBR)

  • Fund managers ready for a big year in small caps (AFR)

  • Sydney Airport investor GIP mounts tilt for Queensland Airports (AFR)

  • Dealmakers to Miss $3 Trillion Mark for First Time in 10 Years (BBG)

  • Three Arrows Founders’ $1 Billion in Assets Frozen by Court (BBG)

  • South Korea Fines Three Global Hedge Funds for Law Violations (BBG)

  • Fujitsu Speeds Aircon Deal, Sees AI Helping $5 Billion Sales (BBG)

  • ESG funds suffer weaker demand despite help from tech-sector performance (RT)

  • Exclusive: Tesla faces inquiry by Norway's safety regulator over suspension failures (RT)

  • Global banks see no recession, US companies are more circumspect (RT)

  • Oil falls over demand concerns after U.S. inventory build (RT)

Deal Flow

Investments / M&A

  • Suppliers dread as Foodstuffs merger application lodged (NBR)

  • Pacific Smiles rejects private equity money (AFR)

  • UBS Gets $1.3 Billion From Swedish Fund Known to Push for Change (BBG)

  • Saudi’s Tabby Gets $700 Million Credit Line From JPMorgan (BBG)

Equity Raises

  • Anthropic in Talks to Raise $750 Million, Led by Menlo Ventures (BBG)

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