MARA Holdings has announced a $700 million note offering aimed at acquiring additional Bitcoin. This strategic move highlights the company's commitment to expanding its cryptocurrency investments amidst a growing interest in digital assets.
Intel CEO Pat Gelsinger is stepping down as the company's efforts to recover from setbacks have faltered, leaving it trailing behind competitors. CFO David Zinsner and Michelle Johnston Holthaus, newly appointed CEO of the product group, will serve as interim co-CEOs while the board seeks a replacement. Frank Yeary will act as interim executive chair.
Apple Inc. reported a 24.60% decrease in CEO Timothy D. Cook's stock ownership after selling 223,986 shares for over $50 million. Over the past three months, insiders sold 408,170 shares valued at $92 million, while institutional investors now hold 60.41% of the stock. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $235.68.
14:31 02.12.2024
UBS analysts express cautious optimism for Apple's iPhone 16, noting mixed demand signals and limited interest in AI features, particularly outside China. A survey revealed global purchase intent remains steady, with notable declines in China, while cost and privacy concerns hinder enthusiasm for AI capabilities. Despite these challenges, UBS raised global smartphone sell-in estimates for 2024 and 2025, maintaining a $236 price target for Apple shares.
14:29 02.12.2024
Switzerland is positioned as a prime location for technological innovation, attracting companies focused on internationalization. With strengths in artificial intelligence, robotics, personalized health, blockchain, and advanced manufacturing, the country fosters collaboration among industries and promotes sustainable business models. Its ethical values and liberal regulations further enhance its appeal as a hub for the global tech community.
MicroStrategy Inc. has made its fourth consecutive weekly purchase of Bitcoin, acquiring 15,400 tokens for $1.5 billion from November 25 to December 1, as reported in a filing with the US Securities and Exchange Commission. The firm has invested over $13.5 billion since November 11 and now holds approximately $38 billion in Bitcoin.
UBS shares rose 0.9% to CHF 28.73 at midday, with a peak of CHF 28.74 during trading. The stock is currently 2.84% below its 52-week high of CHF 29.57 and 21.58% above its low of CHF 22.53. Analysts anticipate a dividend of USD 0.819 for 2024 and expect EPS of USD 1.76 for the year.
14:28 02.12.2024
This week’s trading opportunity focuses on Lloyds Banking Group shares, which are retesting significant support levels reminiscent of previous lows. A potential hammer formation at 52.91p indicates a long position, with a buy strategy around 50.91 and a stop-loss set at 50.34, targeting a reversal to approximately 56. This approach underscores the critical role of technical analysis in making informed trading decisions.
IG
14:21 02.12.2024
VP Bank has appointed Urs Monstein as the new Chief Operating Officer, enhancing its management team amid a market capitalization of EUR 490.2 million. The bank's shares have risen 4.56% over the past month, currently priced at EUR 81.50, with a P/E ratio of 14.07 for 2024. A recent analysis indicates a pressing need for action among shareholders regarding their investment decisions.
14:14 02.12.2024
BBB Foods Inc. is a Mexico-based holding company engaged in the sale, acquisition, and distribution of a wide range of consumer goods through its subsidiaries. The company offers around 800 stock keeping units (SKUs) of branded, private label, and spot products, and operates stores and distribution centers. It owns two Scottish companies and holds shares in several Mexican firms, including Tiendas Tres B, S. A. de C. V. and Tiendas BBB, S. A. de C. V.
14:03 02.12.2024
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