baraka (YC S21)

Every legacy has a beginning, build yours today. With baraka, you’re not just investing—you’re accessing world-class opportunities rooted locally and designed for growth. Built from the region, for the region, we’re proud to be part of countless wealth-building journeys. Download the app now and enter promo code GROW20L during signup and enjoy $20 to get started. T&Cs apply. GROW20L ???? ??????? ??????? ??? ??? ??????? ??????? ????? 20 ??????? ????? ????? ?? ????? ??? ?? ?????? ???—?? ??? ??? ??? ?????? ??????? ?????? ?????? ?????? ?????. ????? ?? ??? ??????? ??? ??? ???????? ????? ??? ???? ????? ?? ????? ????? ????? ??????. ??? ??? ?????? ???? ?? ???? ???? ?????. ???? ??????? ???? https://lnkd.in/desrri7Q ???? ?????? ????????

Nordstrom Reports Solid Q3 Results ??? #Nordstrom, a leading American fashion retailer, posted Q3 net earnings of $46M, or $0.27 per share, with adjusted EPS of $0.33, reflecting strong sales and operational improvements. Key Highlights: Net Sales: Up 4.6% YoY; comparable sales rose 4.0%. Digital Sales: Increased 6.4%, representing 34% of total sales. Gross Margin: Improved to 35.6% (+60 bps), driven by strong regular price sales. GMV: Increased 5.3% YoY. Dividend Update: Quarterly cash dividend of $0.19/share, payable December 18, 2024. CEO Erik Nordstrom emphasized the importance of delivering a compelling shopping experience and maintaining momentum ahead of the holiday season. With strategic growth and focused execution, Nordstrom is well-positioned to meet customer needs and drive continued success. ????

#Mubadala Capital to Acquire CI Financial in $3.36B Deal ?? Mubadala Capital is set to take CI Financial Corp. private in a transaction valuing the Toronto-listed asset and wealth manager’s equity at CAD4.7 billion ($3.36 billion). ?? Key Deal Highlights: - Shareholders to receive CAD32 per share, representing: - 33% premium to the last closing price. - 58% premium to the 60-day volume-weighted average on TSX. - Implies an enterprise value of approximately CAD12.1 billion. CI Financial operates in Canada, the U.S., and Australia, and manages assets exceeding CAD518 billion. The deal has advisors Jefferies Securities Inc. (Lead Financial Advisor), Blake, Cassels & Graydon LLP and Latham & Watkins LLP. This move underscores Mubadala’s strategic investments in global financial markets. ????

UBS forecasts the #FederalReserve will reduce rates by 100 basis points in 2025, supporting continued market growth and contributing to a "Roaring 20s" revival. However, #Trump’s policies could challenge inflation control and economic projections. Key Projections: Fed Rate Cuts: 25 bps/quarter in 2025, boosting the S&P 500 by 10% by year-end. Global Growth: Expected to slow slightly but remain solid, fueled by AI advancements and other factors. 2025 promises opportunity but hinges on policy execution and global dynamics. ????

#ElonMusk's xAI Secures $5B, Valued at $50B ?? Elon Musk’s AI venture, xAI, has raised $5 billion in its latest funding round, doubling its valuation to $50 billion in just months. Key investors include Qatar Investment Authority, Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz. ?? Funding Milestones: Total raised in 2024: $11B. Spring valuation: $24B (after raising $6B). Prior funding target: $40B—recently boosted by investor demand. Investor interest in Musk-led companies like xAI and SpaceX has surged, fueled by Donald Trump’s presidential election win and Musk’s active support during the campaign. Is xAI the next big player in the AI landscape? ??

#Bitcoin Surges Past $97,000 ?? Bitcoin hit a record high of $97,788 on Wednesday, up over 3% for the day and a staggering 127% gain in 2024. Investors are speculating on a crypto-friendly policy shift under a potential second Trump presidency, including supportive regulation and a national Bitcoin reserve. Market Reaction: Bitcoin proxy MicroStrategy rose 3% in after-hours trading. Mining stocks like Mara Holdings climbed 4%. Looking Ahead: Analysts expect Bitcoin to breach $100,000 this year and potentially double by 2025. Is the "golden age of crypto" on the horizon? ????

Emirates NBD Issues $500M Sustainability-Linked Loan Bond ??? Emirates NBD, the UAE’s second-largest lender, has launched a $500 million sustainability-linked loan (SLL) bond under its $20 billion Euro Medium Term Note (EMTN) program.? Here are the key details:?? ?? Pricing: Treasuries +125 bps ?? Tenor: 5 years (Nov 2024–Nov 2029) ?? Ratings: A2/A+ (Moody’s/Fitch) ?? Listings: Euronext Dublin & NASDAQ Dubai The proceeds will finance or refinance Emirates NBD’s SLL Funding Assets Portfolio, advancing sustainable projects.? This marks Emirates NBD’s yet another commitment to #sustainability within global capital markets. ????

Zeekr To Take Control Of Lynk ?? Chinese EV maker #Zeekr is set to acquire Lynk & Co, currently co-owned by GEELY and Volvo Cars, as part of Geely Holding’s strategy to streamline operations. ?? Zeekr will buy Volvo’s 30% stake and a 20% stake from Geely, giving it majority control (51%) after a planned capital injection. ?? The deal would see both Volvo and Geely Holding fully exit from Lynk & Co and values the Chinese-Swedish brand at around 18 billion yuan ($2.5 billion).

#Bitcoin Nears $90,000?? ?? Bitcoin surged past $89,000, boosted by expectations of crypto-friendly policies under President Trump. ?? The euphoria has spilled over to stocks like Tesla and crypto miners, with Riot Platforms jumping 17% and MicroStrategy up 26%. ?? Trump's campaign to make the U.S. the "crypto capital of the planet" has fueled investor confidence in crypto’s future. ?? Smaller tokens, like ether and dogecoin, are also soaring as the market anticipates less regulatory scrutiny. #Akhbaraka #Getbaraka

?? talabat IPO Update: What You Need to Know ?? Delivery Hero’s Talabat is launching a 15% IPO in Dubai, aiming to raise over $1 billion. ?? The focus is on expanding growth in existing markets, serving 71 million people across the MENA region. ?? IPO runs from Nov. 19-28, with shares trading by Dec. 10. ?? Talabat plans a $100 million dividend payout this year, with $400 million for 2025, and aims to distribute at least 90% of net income in future dividends. #TalabatIPO