India's Andhra Pradesh state is reviewing government files to determine the feasibility of canceling a power supply contract with the Adani Group. This move follows the indictment of the group's billionaire founder in the United States, as stated by a top official.
Dan Clifton, a leading Washington analyst and partner at Strategas, discusses potential stock beneficiaries in the wake of Trump's anticipated next term. In a conversation with CNBC’s Dominic Chu, Clifton explores the implications for various businesses and addresses stock-specific inquiries from Pro subscribers.
The nitrile gloves market is experiencing significant growth driven by rising healthcare spending and the shift from latex to nitrile due to allergy concerns. Innovations like powder-free gloves enhance safety and hygiene, while challenges such as volatile raw material prices and supply shortages impact production. Key sectors utilizing nitrile gloves include healthcare, food processing, and industrial applications, highlighting their superior durability and chemical resistance.
Peabody Energy Corp., the largest coal miner in the U.S., is shifting its focus to the global steel market by acquiring four Australian mines from Anglo American Plc for up to $3.78 billion. This deal will nearly triple Peabody's metallurgical coal output within two years, positioning the company as the world's third-largest exporter.
Retail stocks are experiencing a significant breakout just ahead of Black Friday, signaling a positive trend for the sector. Analyst Katie Stockton has made a bullish recommendation, highlighting the potential for growth during this critical shopping period.
UBS Group AG has increased its stake in National Grid plc to 5.07% as of November 20, 2024. This significant investment highlights UBS's growing influence in the company, potentially impacting National Grid's stock performance and market perception. Investors are closely monitoring these developments.
19:50 25.11.2024
Jose Garcia has joined UBS Wealth Management in Miami as a Financial Advisor, enhancing the VPHN Wealth Partners team. Previously a Senior Investment Manager at Wells Fargo, he managed over $500 million in client assets and has extensive experience in wealth management. Garcia holds degrees from Florida International University and the University of Florida, and is actively involved in community organizations.
19:43 25.11.2024
Jose Garcia has joined UBS Wealth Management in Miami as a Financial Advisor, enhancing the VPHN Wealth Partners team. Previously a Senior Investment Manager at Wells Fargo, he managed over $500 million in client assets and has extensive experience in wealth management. Garcia holds degrees from Florida International University and the University of Florida, and is actively involved in community initiatives.
19:43 25.11.2024
Hungary's proposal for EU defense funding requires that at least 65% of components be sourced from EU countries, disappointing some French arms companies that sought an 80% threshold. The initiative aims to bolster European defense production amid concerns over reliance on U.S. arms. New eligibility criteria will also assess the design authority of products, complicating access for firms producing U.S. weapons in Europe.
UBS has raised concerns over Tesla's recent market surge, which added over $350 billion to its market cap post-election, attributing it to market excitement rather than real business advancements. Analysts warn that potential policy changes could affect Tesla's competitiveness, especially if consumer tax credits for electric vehicles are eliminated. Despite maintaining a "sell" rating, UBS increased the price target for Tesla shares from $197 to $226, while the stock recently traded at $348.10, down 1.27%.
19:36 25.11.2024
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