Astera Labs (Nasdaq: ALAB), a leader in semiconductor connectivity solutions for AI and cloud infrastructure, will participate in four major financial conferences. Presentations are scheduled for the UBS Global Technology and AI Conference on December 4, Barclays Global Technology Conference and Raymond James TMT & Consumer Conference on December 11, and the Needham Growth Conference on January 15. Webcasts of these sessions will be available on the company's investor relations website.
22:05 25.11.2024
South Koreans' economic outlook has sharply declined, with consumer expectations dropping seven points to 74 in November, marking the steepest fall since summer 2022. This decline follows the US election victory of Donald Trump and reflects growing concerns amid global interest rate hikes aimed at combating inflation.
A new study estimates that 137 million U.S. adults are eligible for GLP-1 medications like semaglutide, primarily for weight loss, diabetes management, and cardiovascular prevention. Currently, only about 15 million are using these drugs, highlighting the need for equitable access amid rising demand and costs. Researchers emphasize the importance of addressing economic barriers to ensure long-term therapy adherence.
Deutsche Bank analysts warn that stronger US growth, rising inflation, and increased interest rates under President-elect Donald Trump could lead to significant rate volatility. This shift may disrupt the current supportive credit environment and negatively impact returns, indicating a departure from the previous financial stability. The political landscape following Trump's election introduces a broader range of potential outcomes for financial markets.
Stocks in focus include HUL, GE Vernova, Premier Energies, Ashoka Buildcon, BHEL, SBFC Finance, Zomato, and Sagility India. On November 26, Siemens, Ansal Properties & Infrastructure, and Unistar Multimedia are set to announce their quarterly earnings.
UBS is enhancing its Miami downtown office by hiring four wirehouse advisors from Citi, Wells Fargo, and Truist, who collectively managed nearly $2 billion at their previous firms. This move signifies UBS's commitment to expanding its presence in the Florida wealth market.
21:51 25.11.2024
Federal Reserve Bank of Chicago President Austan Goolsbee indicated that the central bank is likely to continue lowering the fed funds rate unless there is clear evidence of economic overheating. He emphasized the need for a balanced approach that neither restricts nor promotes economic activity.
Starbucks is facing disruptions in its employee payment tracking due to a ransomware attack on Blue Yonder Group Inc., a third-party software supplier. The incident, which occurred on November 21, has forced the coffee giant to revert to manual methods for scheduling and tracking workers' hours in North America.
As of Q2 2024, Europe hosts 14% of the world's unicorns, primarily in fintech and software, with the UK leading in funding. Despite a valuation reset due to higher interest rates, European start-ups raised approximately USD 11 billion in the past year, signaling a recovery in the funding market. Generative AI is emerging as a key disruptor, potentially reshaping competitive dynamics between tech accelerators and incumbents.
21:43 25.11.2024
VP Bank AG's 50-Day Simple Moving Average (SMA) stands at CHF72.70 as of November 26, 2024, with a 20-Day SMA of CHF73.50 and a 200-Day SMA of CHF81.47. SMAs are key indicators in technical analysis, used to gauge price trends and potential trading signals in the financial services sector.
21:36 25.11.2024
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