In the week ahead, we have the Federal Reserve’s highly-anticipated interest rate hike, producer prices, and February’s retail sales figures to note.
McCann says that the Federal Reserve’s “job is not getting any easier.” The reason for this is, “Russia’s invasion of Ukraine has sparked market turmoil and sent commodity prices soaring, both of which present headwinds to the economy.” Looking ahead, investors may be keen to see if all this can temper the Fed’s hawkish stance on inflation.
Additionally, the firm also has warrants granting the right to acquire an additional 83.9 million common shares at $59.62 each.
Also, with Russia, one of the biggest exporters of oil worldwide out of the picture now, oil prices would continue to be on the higher end.
Namely, the Green Markets North American Fertilizer index and a key potash index in Brazil indicate that prices are now skyrocketing to record highs across the board.
To help with the current situation, Brazil is reportedly looking to exclude crop nutrients from any sanctions imposed on Russia on its end.
For the most part, this would be a strategic play by the firm as it continues to grow its active users.
The firm notes that Deppon is “an integrated, customer-centered logistics company providing a wide range of solutions including less than truckload transportation, full truckload transportation, delivery services, and warehousing management in China.” For a sense of scale, Deppon currently operates via over 30,000 service stations across China.
On top of this impressive buy, investors may also be tuning in to JD stock alongside its Chinese peers now.
In general, this could be due to Japan’s SoftBank selling off more of its notable stake in the company.
All in all, this announcement comes at a tricky time for Coupang as the company’s shares are already on the decline.
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