Heinz Huber will leave his position as CEO of Raiffeisen at the end of the year, transitioning to Chairman of the Board of Directors at Bündner Kantonalbank in July 2025. His tenure at Raiffeisen, marked by significant reforms and a failed super app launch, has been overshadowed by digitalization challenges and internal frustrations.
Fartcoin (FARTCOIN), a meme coin inspired by flatulence, has surged 13% in 24 hours, reaching a price of $0.933 and nearing a $1 billion market cap, despite a broader downturn in the crypto market. In contrast, Dogecoin (DOGE) has fallen over 5% to a weekly low of $0.383, alongside other major meme coins like Shiba Inu and Pepe, which also experienced declines. The rise of Fartcoin highlights a growing interest in AI-related meme coins, with a notable 154% increase over the past week.
Ethereum is poised for a resurgence, recently surpassing $4,000 and gaining over 28% this month, as whale accumulation signals potential price surges. Meanwhile, Dogecoin is experiencing a sell-off as investors shift to Rollblock ($RBLK), a promising gaming token in its presale phase, which has attracted over $7.3 million in investments. Rollblock aims to revolutionize online gambling by ensuring transparency through blockchain technology, backed by a gaming license and a successful smart contract audit.
Bitcoin's price has retreated to $104,000 after reaching a high of $108,000, amid mixed global economic signals and anticipation of the Federal Reserve's interest rate decision. Recent inflation data revealed UK inflation rose to 2.6% year-on-year in November, while Eurozone inflation increased to 2.2%. The UK also saw core inflation rise to 3.5%, indicating persistent price pressures, as construction output grew slightly by 0.2%.
UBS has raised its price target for Microsoft from $500 to $525, highlighting the company's effective cost management and successful integration of artificial intelligence. The stock recently peaked at $433.55 on December 17, 2024, and is expected to continue its strong performance into 2025, driven by AI tools and sustainable cloud services.
XRP's price has dropped 4% to $2.55, reflecting a broader 2.2% decline in the cryptocurrency market. This downturn follows significant profit-taking after XRP's recent surge, with over $1.48 billion realized in profits on Dec. 17, while whale activity remains strong, adding 800 million XRP. Resistance at $2.60 persists, and if it holds, XRP could aim for higher targets, but bearish momentum is increasing, risking a drop below the $2.35 support level.
UBS has raised its target price for Amazon.com, Inc. from $230 to $264, maintaining a Buy rating due to the company's enhancements in one-day and same-day Prime delivery and growth in high-margin revenue streams like ad-supported Prime Video. The average price target from 65 analysts stands at $237.24, with estimates ranging from $180.00 to $285.00. GuruFocus estimates a GF Value of $181.39 for Amazon in one year, indicating a potential downside of 21.53% from the current price of $231.15.
UBS has raised its target price for Amazon.com, Inc. from $230 to $264, maintaining a Buy rating due to the company's enhancements in one-day and same-day Prime delivery and growth in high-margin revenue streams like ad-supported Prime Video. The average price target from 65 analysts stands at $237.24, with estimates ranging from $180.00 to $285.00. GuruFocus estimates a GF Value of $181.39 for Amazon in one year, indicating a potential downside of 21.53% from the current price of $231.15.
UBS has raised its target price for Amazon.com, Inc. from $230 to $264, maintaining a Buy rating due to the company's enhancements in one-day and same-day Prime delivery and growth in high-margin revenue streams like ad-supported Prime Video. The average price target from 65 analysts stands at $237.24, with estimates ranging from $180.00 to $285.00. However, GuruFocus estimates a GF Value of $181.39 for Amazon in one year, indicating a potential downside of 21.53% from the current price of $231.15.
UBS has raised its target price for Amazon.com, Inc. from $230 to $264, maintaining a Buy rating due to the company's enhancements in one-day and same-day Prime delivery and growth in high-margin revenue streams like ad-supported Prime Video. The average price target from 65 analysts stands at $237.24, with estimates ranging from $180.00 to $285.00. However, GuruFocus estimates a GF Value of $181.39 for Amazon in one year, indicating a potential downside of 21.53% from the current price of $231.15.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings