Vivek Ramaswamy advocates for a shift in Pentagon investments towards emerging technologies like drones and hypersonic missiles, emphasizing the need to assess defense spending based on taxpayer return on investment. He criticized the current debate on defense budgets as ineffective, urging a focus on the right kind of federal spending.
Tesla is promoting a final opportunity for 0% APR financing on Model 3 and Model Y purchases, available for orders placed by December 15, 2024, with delivery by December 31, 2024. This offer includes a $7,500 federal tax credit, which may be eliminated soon, potentially impacting demand in 2025. With vehicles readily available for immediate delivery, Tesla is adjusting to a market where supply now meets demand.
Rio Tinto plc, a leading global mining company, reported 2023 production figures with iron ore at 290.2 Mt (62.5%), aluminum and related products at 65.4 Mt (22.2%), and copper at 562.4 Kt (5.9%). The company’s sales are heavily concentrated in China (59.6%), followed by the United States (13.9%) and Japan (6.9%).
22:47 04.12.2024
UBS has rated Rio Tinto 'Neutral' with a target price of 5250 pence. The company is a leading mining firm, with 2023 net sales primarily from iron ore (62.5%), followed by aluminium, alumina, and bauxite (22.2%), and smaller contributions from copper, industrial minerals, gold, and diamonds. Geographically, 59.6% of net sales come from China, with additional sales in the US, Japan, and Europe.
22:47 04.12.2024
Gold and WTI crude prices are on the rise, with gold aiming for a target of $2720, while WTI crude rebounds from $68, eyeing a potential test of $76. In contrast, natural gas prices continue to decline, reaching their lowest levels since mid-November, with a focus on the 2600 mark for support.
IG
22:43 04.12.2024
American Tower (NYSE: AMT) will have Rod Smith, Executive Vice President, CFO, and Treasurer, present at the UBS Global Media and Communications Conference on December 10, 2024, at 12:45 p.m. ET in New York. The presentation will be accessible via a live webcast on the company's website. American Tower operates over 148,000 communications sites globally and maintains a network of U.S. data center facilities.
22:30 04.12.2024
At the St. Galler Kantonalbank investment forum, financial experts expressed a "cautiously optimistic" outlook for the economy in 2025, highlighting a potential decline in interest rates that could favor equities over bonds. While the US economy shows promise, the European market is weakening, particularly in France and Germany, though Switzerland's tourism sector remains strong. The discussion also emphasized the value of "hidden champions" in niche markets, such as Accelleron Industries, and addressed audience inquiries about silver's volatility compared to gold and the challenges in valuing Stadler shares.
22:24 04.12.2024
Fontainebleau Miami Beach, a luxury hotel established in the 1950s, is set to sell $975 million in commercial mortgage-backed securities to refinance its debt. The hotel aims to secure approximately $1.2 billion in total debt financing, which includes a mezzanine loan of up to $225 million.
Jaguar is undergoing a significant rebranding effort amid declining sales, with plans to launch a new all-electric grand tourer, the Type 00, in 2026. The brand, once a symbol of automotive excellence, has struggled to adapt to market shifts favoring SUVs and faces challenges in a crowded high-end EV market. Analysts express skepticism about Jaguar's ability to regain its former glory, citing the need for a clear and compelling strategy.
HarperCollins Publishers' CEO Brian Murray will speak at the UBS Global Media and Communications Conference on December 10, 2024, at 9:00 AM EST. The session will be available via live webcast on the News Corp website, with a replay accessible afterward. News Corp, a diversified media and information services company, operates globally, focusing on authoritative content across various platforms, including book publishing and digital services.
22:15 04.12.2024
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