Honda and Bank of Japan Announce Merger, MicroStrategy Soars on Bitcoin

📆 24/12/2024 09:48:00
📰 NBCPhiladelphia

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Merger,Honda,Bank Of Japan

Honda and Bank of Japan merge to create a financial powerhouse, while MicroStrategy's stock skyrockets due to its substantial bitcoin holdings. The report also covers UK economic growth, Taiwan Semiconductor Manufacturing Company's performance, and the closing of the New York Stock Exchange for Christmas Eve.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, the two companies announced on Monday. The merged group has the potential to deliver revenue of 30 trillion yen and operating profit of more than 3 trillion yen, said Honda CEO Toshihiro Mibe. Shares of Honda popped 12.7% after Mibe's news conference.

Investors looking to ride on MicroStrategy's explosive rise should remember that the company's share price is currently trading on the back of bitcoin prices. Trading is likely to be thin this week. Markets in the U.S. will close early on Tuesday and take a break on Wednesday for Christmas Day.

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Global Markets Roundup: Honda Merger, UK GDP Growth, and MicroStrategy's Bitcoin SurgeThis news roundup covers a range of global market developments, including the announcement of a merger between two major companies, positive economic growth in the UK, and MicroStrategy's success in the cryptocurrency market.
Source: CNBC - 🏆 12. / 72 Read more »