Giuseppe Giuzio of Brothers of Italy criticized the November 29 general strike called by CGIL and UIL, arguing it is not the best response to current challenges. He highlighted the government's budget maneuver, which includes tax cuts, increased healthcare spending, and support for small businesses, aiming to strengthen the economy and improve public services. The measures are designed to benefit the middle class and vulnerable populations, with a focus on dialogue between the government, trade unions, and businesses.
Liontrust Asset Management has announced a change in major holdings, with UBS Group AG increasing its voting rights in the company to 5.11%, up from 5.09%. This adjustment reflects the strategic maneuvers of significant financial entities within the asset management industry.
16:19 27.11.2024
The Healthcare Business Intelligence market report provides a comprehensive analysis of industry dynamics, including market size, growth trends, and competitive landscape across various regions. It examines key factors such as technological advancements, market volatility, and emerging players, offering insights into strategic opportunities and challenges. The report also features detailed profiles of leading manufacturers and forecasts production values, ensuring a thorough understanding of the market's future trajectory.
Goldman Sachs has released its retail stock picks in anticipation of Black Friday and the holiday shopping season. These selections aim to guide investors in navigating the retail landscape during this critical period for consumer spending.
Credit Suisse was acquitted in a 2022 money laundering case involving a former employee who was found guilty of facilitating a drug trafficking ring's operations from 2004 to 2008. The appeal court ruled that examining the case further would infringe on the presumption of innocence due to the employee's death. UBS, which acquired Credit Suisse in March 2023, welcomed the decision, which concluded the case, pending any appeal by Swiss federal authorities.
16:15 27.11.2024
US economic data is under scrutiny as tensions rise ahead of consumer price reports, with recent Fed minutes revealing internal disagreements on interest rate cuts. GfK consumer confidence has declined to -23.3, while US GDP grew by 2.8% in Q3. Attention will shift to German and European inflation rates later this week, with the ECB set to review its monetary policy on December 12.
IG
16:11 27.11.2024
Dick's Sporting Goods has seen a rise in stock value following UBS's optimistic outlook on its earnings growth. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and it does not reflect the views of the institution. The content serves merely as a decision-making aid, with no contractual value, and BOURSORAMA maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
16:10 27.11.2024
Inflation rose to 2.3% annually in October, aligning with expectations, as the Federal Reserve assesses interest rate adjustments. Core inflation increased to 2.8%, driven by a 0.4% rise in services prices, while consumer spending remained solid with a 0.4% monthly increase in expenditures. Despite a significant decline from peak levels, inflation continues to challenge households, particularly those with lower incomes.
The Federal Reserve's preferred inflation measure, the core personal consumption expenditures price index, rose 2.8% year-over-year in October, with a 0.3% increase from the previous month. This uptick, influenced by higher stock prices, contributes to the Fed's cautious stance on interest rate reductions.
Toyota's North America CEO, Jack Hollis, argues against EV subsidies and mandates, claiming they distort market signals and have led to stalled sales. However, this assertion overlooks the fact that EV sales continue to rise and fails to address the significant government support for fossil fuels, which disrupts market dynamics even more. The call for consumer choice in the EV market is seen as disingenuous without acknowledging the broader context of government intervention in both sectors.
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