The Week in Numbers: Gold Prices, SoftBank Robotics Deal, and Ferrari's Financial Targets

Gold Prices Reach New Highs

• 🥇 Gold prices hit a new record of $4,000 an ounce, driven by its status as a safe haven asset during times of global uncertainty.
• ⚠️ Veronica Brown, Reuters metals and mining expert, describes gold as a "sum of all fears," reflecting geopolitical and economic anxieties, concerns about the dollar's trajectory, interest rates, tariffs, and inflation.
• 🏦 These factors make it challenging for central banks to balance inflation risks with interest rate policies.

SoftBank's AI and Robotics Push

• 🤖 SoftBank has agreed to purchase ABB's robotics business for $5.4 billion as part of its strategy to merge artificial intelligence and robotics.
• 🚀 This acquisition is a significant step in SoftBank's ambition to become a key player in the development of AI.

Mars Bid for Kelanova Nears Approval

• 🍬 The $36 billion bid by snacks giant Mars for Kelanova is expected to receive unconditional antitrust approval from the European Union.
• 🍫 This deal would unite major brands such as M&M's, Snickers, Pop-Tarts, and Kellogg cereals.

Airbus A320 Hits Delivery Milestone

• ✈️ Airbus has delivered 12,260 A320 family aircraft since their introduction nearly 40 years ago.
• 🏆 This milestone means the A320 has surpassed the Boeing 737 to become the most delivered jetliner in history.

Ferrari Shares Drop Amid Financial Target Disappointment

• 📉 Ferrari shares fell by 16%, resulting in a market capitalization loss of nearly $15.7 billion, due to disappointment over the luxury automaker's new long-term financial targets.
• 🚗 The company set a revenue target of approximately $10.4 billion for 2030, which was less ambitious than market expectations, overshadowing the unveiling of its first electric car technology.