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south africa's inflation target should be revised lower says kganyago

South African Reserve Bank Governor Lesetja Kganyago has called for a review of the nation's inflation target, suggesting it should be adjusted lower. He emphasized that the current target is misaligned with those of emerging market peers, indicating a need for change.
bloomberg.com
Bloomberg International Monetary Fund FUND International Bank For Reconstruction And Development - World Bank Trust Funds ZAF Lesetja Kganyago Show more
Finance & Economy, Transcript
13:07 24.10.2024

harley-davidson revises 2024 outlook amid declining motorcycle sales

Harley-Davidson Inc. reported a decline in motorcycle shipments due to reduced demand and lower sales of high-margin bikes, leading to a revised 2024 outlook. The company now expects motorcycle revenue to drop by 14% to 16% and operating profit margins to range between 7.5% and 8.5%, down from earlier projections of a 5% to 9% decline and margins of 10.6% to 11.6%.
bloomberg.com
Harley-Davidson, Inc. USA
Finance & Economy, Market Report
13:06 24.10.2024

market update tesla growth boeing strike home sales decline and nba insights

Tesla's CEO Elon Musk forecasts a 20% growth in vehicle sales for next year, surpassing Wall Street's 15% expectation, following strong third-quarter profits. Meanwhile, Boeing workers have extended their strike after rejecting a contract with a 35% wage increase, halting most aircraft production. Additionally, existing home sales have dropped to their lowest level since October 2010, reflecting a 1% month-over-month decline.
CNBC
United States Dollar Tesla, Inc. Redfin Corporation The Boeing Company USA Lawrence Yun Adam Silver Elon Musk Show more
Finance & Economy, Market Report
13:03 24.10.2024

starlink terminals sell out in harare as demand surges

Starlink terminals have sold out in Harare, Zimbabwe, just two months after gaining operational approval. This follows similar demand in five Nigerian cities, including Abuja, Kano, Lagos, Port Harcourt, and Warri, where the high-speed internet service is also unavailable.
bloomberg.com
Starlink ZWE NGA Elon Musk
Technology & Innovation, News Article
13:02 24.10.2024

wealthy buyers cautious as global art sales decline by four percent

Global art sales declined by 4% last year to approximately $65 billion, driven by cautious spending among wealthy buyers amid inflation, high interest rates, and political instability. Auction sales fell by 7%, while dealer sales dropped by 3%, with only China experiencing growth, rising 9% to $12.2 billion. The market for speculative art, particularly NFTs, suffered significantly, with sales plummeting 51% from their peak in 2021.
investing.com
United States Dollar UBS AG CHN Paul Donovan Tatiana Bautzer
TradFi, Market Report
13:00 24.10.2024

banks eager to fund major buyout despite past setbacks

Clayton Dubilier & Rice's pursuit of a €16 billion deal to acquire half of Sanofi's consumer arm, Opella, highlights the resurgence of the leveraged-finance market. Despite past setbacks with the Morrisons buyout, banks are eager to provide funding, driven by a need to generate fees as interest rates begin to stabilize.
bloomberg.com
Euro Morrisons Sanofi Clayton, Dubilier & Rice LLC GBR FRA Sanofi Clayton Dubilier Rice Show more
Finance & Economy, Market Report
13:00 24.10.2024

ozempic may lower alzheimer's risk in type 2 diabetes patients study finds

Novo Nordisk's diabetes drug Ozempic, containing semaglutide, may significantly lower the risk of developing Alzheimer’s disease by 40% to 70% compared to other diabetes medications, according to a recent study. This research highlights the potential of GLP-1 drugs to offer preventive benefits against the memory-robbing condition, which is projected to affect nearly 13 million Americans by 2050. Further clinical trials are needed to confirm these findings and explore the effects of GLP-1s in patients with obesity.
CNBC
Alzheimer’s Association Eli Lilly and Company National Institutes OF Health Federal Credit Union CREDIT_UNION Case Western Reserve University SCHOOL Novo Nordisk A/S DNK USA Rong Xu Donald Trump Joe Biden Show more
Healthcare, News Article
13:00 24.10.2024

african financial markets see fastest growth in seven years

Africa's financial markets are experiencing their fastest growth in seven years, driven by economic recovery and declining inflation. In a recent report, 23 out of 29 countries assessed showed improved scores, reflecting growth in pension fund assets, enhanced foreign exchange reserves, and a selective restoration of access to global capital markets.
bloomberg.com
Absa Group Limited ZAF
Finance & Economy, Market Report
13:00 24.10.2024

peopleone health secures 32.3 million funding to expand primary care services

PeopleOne Health, a Pittsburgh-based direct primary care provider, has secured $32.3 million in Series B funding led by Google Ventures. The company, which operates clinics in Pennsylvania and Florida, focuses on a membership model that eliminates traditional insurance costs, emphasizing preventive care and personalized services. With plans to expand its operations and open additional clinics, PeopleOne aims to transform healthcare delivery while reducing costs for employers and patients alike.
Pittsburgh Business Times
Livingo Health Google Inc. Alphabet Inc. RosenCare USA Jordan Taradash Cathy Friedman Glen Tullman Show more
Healthcare, Press Release
13:00 24.10.2024

India launches 1000 crore venture capital fund to boost space sector innovation

The Union Cabinet has approved a Rs 1,000-crore venture capital fund aimed at boosting India's space tech ecosystem, initially announced by Finance Minister Nirmala Sitharaman in July. This fund will support startups with investments ranging from Rs 10-60 crore, fostering innovation in satellite technology, launch vehicles, and space applications. Awais Ahmed, CEO of Pixxel, emphasized that this initiative is crucial for driving impactful innovation both domestically and globally.
Moneycontrol
Indian Rupee Pixxelspace India Ltd. IND Awais Ahmed Nirmala Sitharaman
Technology & Innovation, News Article
12:58 24.10.2024
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