German jam producers are facing a crisis due to a "catastrophic" 2024 fruit harvest, with volumes of apples, sour cherries, and strawberries down by a third, and sour cherries experiencing a 60% shortfall. Unfavorable weather has impacted harvests across Europe, leading to skyrocketing raw material prices. Major retailers are pressuring suppliers for price reductions, risking gaps on supermarket shelves as manufacturers struggle to meet demand.
21:06 26.11.2024
A rally in bank stocks since late September may compel major US banks to reduce their activities in the repurchase agreement and foreign exchange derivatives markets. This is due to the impact of share prices on regulatory scores for globally systemically important banks, which determine required capital reserves. As year-end approaches, banks typically scale back these activities to lower potential scores and associated capital requirements.
UBS shares fell 1.2% to CHF 28.02 at midday, marking a low of CHF 27.75 for the day. The stock is currently 19.59% above its 52-week low of CHF 22.53 and 5.53% below its 52-week high of CHF 29.57. UBS reported earnings per share of CHF 0.39 for Q3 2024, with a turnover of CHF 18.86 billion, a slight decrease from the previous year.
21:04 26.11.2024
Volkswagen Group is reconsidering its strategy for the US market, with plans for its Cupra brand shifting from an all-electric lineup to include gasoline and plug-in hybrid vehicles. The company is exploring a partnership with Penske Automotive Group to establish a sales network, as it aims to strengthen its presence amid changing consumer preferences and regulatory challenges.
Bitcoin has fallen to the $91,000 level amid a slump in the crypto markets. In today's episode of CNBC Crypto World, Transform Venture CEO Michael Terpin discusses the various stages of bitcoin market cycles and evaluates the sustainability of a potential post-U.S. election rally.
Trump's recent tariff threats have negatively impacted one of our stocks, yet the broader market remains unaffected. This development highlights the selective influence of political announcements on individual stocks compared to overall market performance.
The Pediatric Healthcare Market report provides a comprehensive analysis of the industry, covering key factors such as market dynamics, segmentation, and competitive landscape. It highlights the growth drivers, including the rise in short-term and chronic diseases among children, and the increasing demand for pediatric healthcare products and services. The report also offers insights into regional markets and profiles major players, aiding both established and new entrants in strategic decision-making.
The Canadian dollar may decline further if US President-elect Donald Trump follows through on his threat to impose 25% tariffs on Canadian goods, according to CIBC. The loonie could test its pandemic-era low of C$1.4668, but relief is expected in the second half of 2025.
Neuralink has initiated its "CONVOY Study" to determine if its brain-computer interface (BCI) can enable patients to control a robotic arm, following the "PRIME Study" which assessed safety and utility. Two human patients have already been implanted, and recruitment for a new trial in Canada is underway for those with quadriplegia. The company continues to face competition in the BCI field, with no FDA-approved devices for commercialization yet.
UBS, in collaboration with Wincasa, offers advisory solutions for energy-efficient renovations of investment properties in Switzerland. This partnership simplifies complex renovation projects, aiming to reduce energy consumption and CO₂ emissions while enhancing property value and tenant comfort. The initiative also provides access to tax deductions and public subsidies, promoting sustainable real estate development.
20:22 26.11.2024
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