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credit suisse crisis exposes failures in auditing and regulatory oversight

Credit Suisse's auditing history reveals significant failures, with KPMG and PwC certifying the bank's internal control system despite its eventual collapse. Under pressure from the SEC, PwC acknowledged the system's dysfunction in March 2023, raising questions about the oversight and competence of regulatory bodies. The lack of enforcement actions against the auditors from 2015 to 2023 highlights systemic issues in financial supervision.
@heidi_news
Swiss Franc GBR CHE USA Marc Branson Ueli Maurer Show more
Finance & Economy, News Article
18:27 26.02.2025

Elon Musk warns of US bankruptcy without Dogecoin at cabinet meeting

During a recent cabinet meeting led by the President, Elon Musk expressed concerns that the United States could face bankruptcy without the support of Dogecoin. This meeting marked Musk's notable presence alongside other cabinet members, highlighting the intersection of technology and government discussions.
ABC News
United States Dollar Elon Musk Donald Trump
Politics & Governance, Transcript
18:25 26.02.2025

Delhivery fined 5.35 crore INR for GST violations

Delhivery has been ordered to pay INR 5.35 crore in Goods and Services Tax (GST). This decision underscores the ongoing scrutiny of compliance within the logistics sector as regulatory bodies enforce tax obligations. The financial implications for the company could be significant as it navigates this challenge.
StartupNews.fyi
Indian Rupee IND
Regulatory & Legal, News Article
18:24 26.02.2025

barclays predicts further decline for tesla shareholders amid limited catalysts

Tesla's stock has dropped 25% in the past month, with Barclays analyst Dan Levy predicting further declines due to deteriorating fundamentals and limited short-term catalysts. He rates the stock a Hold with a $325 price target, while the consensus among 35 analysts is also a Hold, suggesting an average price target of $357.68, indicating potential upside. The upcoming Robotaxi launch in June may provide a glimmer of hope, though Levy warns of a possible "sell the news" reaction.
TipRanks Financial
USA Dan Levy Donald Trump
Finance & Economy, Market Report
18:22 26.02.2025

barclays predicts further decline for tesla shareholders amid limited catalysts

Tesla (TSLA) shares have dropped 25% in the past month, with Barclays analyst Dan Levy predicting further declines due to deteriorating fundamentals and limited short-term catalysts. He rates the stock a Hold with a $325 price target, noting potential interest in the upcoming Robotaxi launch in June. Currently, TSLA holds a consensus Hold rating among analysts, with an average price target of $357.68, suggesting an 18.52% upside.
markets.businessinsider.com
USA Dan Levy Donald Trump
Finance & Economy, Market Report
18:22 26.02.2025

xpeng shares surge following positive upgrade from ubs

XPeng Inc., a China-based company, specializes in the design, development, production, and sales of smart electric vehicles, including the G3 SUV and P7 sports sedan. Targeting the mid- to high-end segment of the Chinese market, XPeng focuses on developing autonomous driving technology and an intelligent operating system, while also offering services like recharging, maintenance, ride-hailing, and vehicle leasing.
MarketScreener
XPeng Inc. CHN
Business & Industry, Market Report
18:21 26.02.2025

sartorius ag poised for growth as bioprocessing demand increases in fy25

Sartorius AG, a Germany-based supplier of pharmaceutical and laboratory equipment, is poised for strong performance in FY25 as bioprocessing demand rebounds, according to Barclays. The company operates in two segments: bioprocess solutions, which includes integrated manufacturing solutions for biopharmaceuticals, and lab products and services, offering a range of laboratory instruments and consumables.
MarketScreener
Sartorius AG DEU Show more
Business & Industry, Market Report
18:20 26.02.2025

Deutsche Bank maintains buy rating and price target for Eli Lilly

Deutsche Bank analyst James Shin has reaffirmed a Buy rating on Eli Lilly (NYSE: LLY) with a price target of $1,010.00. This decision comes amid new investment developments in the U.S., highlighting the bank's confidence in the pharmaceutical company's prospects.
StreetInsider.com
United States Dollar USA James Shin
Finance & Economy, Market Report
18:19 26.02.2025

Sevens Atelier reports profit in FY 2024 amid strategic growth initiatives

Sevens Atelier Limited reported a net profit of S$0.31 million for FY 2024, rebounding from a loss of S$4.05 million in FY 2023, despite a revenue drop to S$9.10 million. The company achieved improved gross profit margins and reduced administrative expenses by nearly 50%, positioning itself for sustainable growth with an order book of S$12.36 million. Looking ahead, Sevens Atelier aims to explore strategic growth through mergers and acquisitions and expansion into new markets, capitalizing on a favorable macroeconomic outlook.
StartupNews.fyi
Singapore Dollar SGP
Business & Industry, Press Release
18:15 26.02.2025

crowdstrike reports mixed q4 results with strong subscription revenue growth

CrowdStrike Holdings, Inc. specializes in cybersecurity, offering a cloud-based endpoint protection platform aimed at preventing security breaches. The company's net revenue is primarily derived from subscription sales (93.9%), with professional services contributing 6.1%. Geographically, 68.4% of revenue comes from the United States, followed by Europe/Middle East/Africa (15.3%), Asia/Pacific (10.3%), and other regions (6%).
MarketScreener
United States Dollar Crowdstrike Holdings Inc. USA
Business & Industry, Market Report
18:14 26.02.2025
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