ZachXBT, a prominent independent crypto detective, recently uncovered a massive theft of approximately $243 million in Bitcoin, tracing the funds back to two young hackers. His expertise in blockchain analysis, honed through personal experiences with scams, has made him a key figure in combating crypto crime, leading to the identification and arrest of the suspects.
Kering reported a 16% decline in organic growth for Q3 2024, with total sales of €3.786 billion, slightly below forecasts. Gucci's sales fell by 26%, while Yves Saint Laurent saw a 13% drop. UBS maintains a Neutral rating with a target price of €227, projecting Kering's recurring operating income at around €2.5 billion for the year.
10:59 24.10.2024
UBS has reaffirmed its opinion on Kering, maintaining its target price. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided for informational purposes only and does not reflect its views or involve any conflict of interest. The institution adheres to strict regulations to manage potential conflicts related to investment recommendations.
10:59 24.10.2024
The yield on the 10-year Treasury fell to 4.1958%, reversing gains after surpassing 4.25% in the previous session, as traders assess the outlook for interest rate cuts. The 2-year Treasury yield also declined to 4.0466%. Investors are awaiting initial jobless claims and PMI data, along with insights from Federal Reserve policymaker Beth Hammack regarding future interest rate decisions.
The dollar's rally in October is significantly influenced by betting markets that increasingly favor Donald Trump for the upcoming presidential election. Standard Chartered Plc estimates that 60% of the currency's gains this month are tied to these growing wagers on Trump's potential victory on November 5.
Fears are rising among health NGOs as a significant EU funding cut looms, potentially forcing smaller organizations to reduce staff or shut down. The EU4Health budget will be slashed by 20 percent to support Ukraine, leading to frustration and uncertainty about future funding allocations. The European Commission is currently working on the 2025 EU4Health work program, but details remain scarce.
UBS AG maintains a "Buy" rating for Symrise shares, setting a target price of 139 euros, despite a 2.8% drop to EUR 112.35. Analyst Charles Eden noted that organic sales growth expectations were raised, but the third quarter's performance was partly negative compared to strong competitor results. The share has a potential upside of 23.72% relative to the target price, with a 14.0% gain over 2024, and Q4 earnings and sales figures are anticipated on March 5, 2025.
10:43 24.10.2024
UBS AG has maintained a "Buy" rating for Symrise shares, setting a target price of 139 euros despite a recent decline in share price to 112.70 euros. Analyst Charles Eden noted that organic sales growth expectations were raised, although the third quarter showed partly negative results compared to strong figures from competitor Givaudan. The share has seen a 14% increase since the start of 2024, with a potential upside of 23.72% relative to the target price.
10:43 24.10.2024
UK bonds faced a sell-off as investors anticipated a significant increase in borrowing by Chancellor Rachel Reeves in the upcoming budget. Yields on 10-year UK bonds rose by seven basis points to 4.27%, marking a notable divergence from falling global borrowing costs and elevating the UK's risk premium against German debt to its highest level in over a year.
Tesla surpassed profit expectations with a 17% year-on-year profit increase to approximately $2.17 billion, although revenue slightly missed forecasts at $25.2 billion. Elon Musk announced plans to produce up to four million Robotaxis annually by 2026, while the company delivered nearly 463,000 vehicles last quarter, primarily Models 3 and Y. Despite ongoing skepticism about fully autonomous vehicles, investor enthusiasm surged, boosting shares by 12%.
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