GCIBitcoin Vs Gold - which has more upside?
Taking Stock on Monday 1st December 2023
Bitcoin Vs Gold - which has more upside?
In the last 60 days:
Bitcoin has risen by 50%
Gold has risen by 14%
Companies discussed on “Taking Stock” today:
06:00 & 14:59 Argo Blockchain #ARB
07:25 Quantum Blockchain #QBT
10:55 Thor Energy #THR
12:30 Golden Metals Resources #GMET
13:52 Avacta #AVCT
16:35 boohoo #BOO
17:25 Vast Resources #VAST
18:05 ITM Power #ITM
20:00 AFC Energy #AFC
29:15 Frasers Group #FRAS
30:44 Wise Plc #WISE
32:37 Cornerstone FS #CSFS
34:30 Deltex Medical #DEMG
38:10 XP Factory #XPF
TOP BUSINESS STORIES
Labour won't turn on spending taps, says Starmer
Sir Keir Starmer is set to warn that the UK will face "huge constraints" on public spending if his party win the next General Election.
He will say anyone expecting a Labour government "to quickly turn on the spending taps" will be "disappointed".
It comes as a think tank claimed the average household in the UK is more than £8,000 worse off than those in countries such as France and Germany.
Growing the economy will be an election battleground for both major parties.
UK's Hunt says he hopes to reverse public investment freeze
British finance minister Jeremy Hunt said on Monday that he hoped in future to reverse the decline in public investment which is forecast in the government's latest budget plans.
"I don't think you want declining public investment. And I very much hope we'll be able to get back into a place where we don't have to do that," Hunt said at an event hosted by the Resolution Foundation think tank.
In government budget forecasts published last month, British public sector net investment is forecast to fall steadily from 2.6% of gross domestic product in the current financial year to 1.8% in the 2028/29 financial year.
Spotify to cut nearly 20% of its workforce despite turning £55m profit in latest report
The firm's latest round of job cuts will affect around 1,500 people - which is 17% of its current total of 9,300 employees.
It's the third round of job losses at the streaming firm this year, with 200 workers let go in June and another 600 in January.
It's not clear how many roles would be affected in the UK, but 881 people are employed by Spotify in the country, which could suggest around 150 jobs may be at risk.
This comes after the company posted a profit in the three months to September - its first quarterly profit in a year - after bumping up prices and reporting a growth in subscribers.
Spotify currently has 601 million users, up from 345 million at the end of 2020.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.