The Florida State Board of Administration plans to sell private credit stakes valued between $3 billion and $4 billion, marking one of the largest transactions of its kind. This move aims to reduce exposure to higher-yielding opportunistic credit while increasing investments in mainstream direct lending. The sale may be structured in multiple parts, allowing funds to select specific portfolio segments.
Wall Street experienced a downturn as interest rates rose, compounded by growing concerns regarding the iPhone 16. In response to these developments, the CNBC Investing Club with Jim Cramer provides actionable updates every weekday during the final trading hour.
The 2025 budget maneuver, valued at €28.5 billion, introduces significant financial measures including a €1,000 birth bonus for families with an ISEE under €40,000, cuts to the tax wedge, and restructured IRPEF rates. It also extends pension flexibility and tax incentives for businesses, while aiming to collect €4 billion from banks and €1 billion from insurance companies. Healthcare funding increases, but cuts of €7.7 billion are planned across ministries, alongside a cap on executive compensation in public bodies.
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting Q3 revenue of $94 billion and EPS of $1.58. Despite steady iPhone sales, a cautious outlook for December is anticipated due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million alongside Goldman Sachs for credit card venture violations.
20:37 23.10.2024
Ripple CEO Brad Garlinghouse will address the ongoing legal battle with the SEC and the upcoming presidential election at DC Fintech Week in Washington, D.C. His discussion will cover Ripple's recent partial victory in the lawsuit, the SEC's appeal, and the company's entry into the stablecoin market with Ripple USD (RLUSD). Garlinghouse will also highlight his contributions to the Fairshake pro-crypto political action committee, emphasizing Ripple's influence on U.S. crypto regulation.
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting September revenue at $94 billion and EPS at $1.58. Despite steady iPhone sales, a cautious outlook is anticipated for the December quarter due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million for violations in its credit card venture with Goldman Sachs.
20:32 23.10.2024
An investment of $1,000 in UBS five years ago would now be valued at $2,660.26, reflecting an impressive average annual return of 21.35%, outperforming the market by 7.7%. UBS currently holds a market capitalization of $103.02 billion, highlighting the significant impact of compounded returns over time.
20:30 23.10.2024
BMO Capital Markets has identified stocks that could benefit from either outcome of the upcoming presidential election. This strategic analysis aims to guide investors in navigating potential market shifts resulting from the election.
Utrecht is pioneering a strategic transition from gas to renewable energy, implementing a 25-year plan to phase out gas distribution while incentivizing district heating and heat pumps. In contrast, the U.S. faces challenges with methane emissions due to a lack of comprehensive pricing and regulatory standards, despite recent initiatives to address greenhouse gases. The urgency of climate action is underscored by the health impacts of fossil fuel pollution, emphasizing the need for clean energy solutions today.
Providence Health is spinning off its home health division into a joint venture with for-profit Compassus, which specializes in home health and hospice care. The transition, expected to start in early 2025, will allow Providence to leverage Compassus' established infrastructure and technology. The deal requires regulatory approval in Oregon, where concerns about private equity's impact on healthcare have been raised.
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