Minimum pensions will increase by just 3 euros, while medical unions are set to strike on November 20 against a budget bill they deem disappointing, citing inadequate funding for healthcare. The proposed increases for health professionals are seen as insufficient, with many leaving the public system for better opportunities.
Factorial has launched the Solstice battery, featuring a sulfide-based electrolyte and a breakthrough energy density of up to 450Wh/kg, promising to extend EV range by 80% while reducing weight and costs. The innovative dry coating process enhances sustainability by eliminating hazardous solvents and energy-intensive steps in production. Stellantis plans to showcase Factorial's solid-state FEST battery in the new Dodge Charger Daytona EV by 2026, aiming for improved performance and efficiency in its upcoming electric vehicle lineup.
Brazilian central bank director Paulo Picchetti expressed significant concern over inflation estimates that remain well above the target. Despite a deceleration in inflation, it has stabilized above the central bank's goal of 3%, plus or minus 1.5 percentage points, with core measures also rising. Policymakers are committed to taking necessary actions to align cost-of-living increases with their target.
The Federal Council is proposing reforms to survivors' pensions to address gender inequality and reduce financial burdens on the AHV system. The changes would limit widows' pensions while extending benefits for widowers, with a projected savings of CHF 350 million by 2030. The bill is set for parliamentary debate in 2025, amid anticipated resistance from leftist parties.
Armstrong Advisory Group Inc. increased its stake in Genuine Parts by 63.8%, now holding 362 shares valued at $51,000. The company, which distributes automotive and industrial parts, reported a quarterly EPS of $1.88, missing estimates, with revenue of $6 billion, up 3% year-over-year. Analysts have a consensus "Hold" rating, with price targets ranging from $125 to $164.
17:06 23.10.2024
State Bank of India (SBI) has successfully raised Rs 5,000 crore through the issuance of its first Basel III-compliant Additional Tier 1 bonds for the financial year, attracting bids over 3.5 times the amount. The bonds feature a coupon rate of 7.98 percent and are perpetual with a call option after 10 years. In January, SBI had issued similar bonds at a higher coupon rate of 8.34 percent.
Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks at $91.50 each, totaling $34,770, maintaining a 0.00% change in ownership. Meanwhile, CEO Rachel Ruggeri sold 3,290 shares at an average price of $91.16, valued at $299,916.40. Starbucks currently has a "Moderate Buy" rating, with a consensus target price of $102.48.
17:01 23.10.2024
European Central Bank Governing Council member Joachim Nagel emphasized the institution's flexibility regarding future interest rate decisions. He refrained from speculating on the possibility of a larger cut, stating that discussions about specific rate changes are unhelpful in the current uncertain environment. Nagel highlighted the need to await new data before making any decisions.
The Securities and Exchange Board of India (Sebi) has banned First Overseas Capital from managing public issues due to multiple regulatory violations, including failing to meet minimum net worth requirements for six years and submitting false statements. The regulator emphasized that allowing a non-compliant entity to operate poses systemic risks to the securities market and could harm investor interests.
Warren Buffett has announced that he will not endorse any investment products or political candidates, aiming to combat fraudulent claims exploiting his reputation. This decision follows the rise of fake endorsements, particularly highlighted by a false political endorsement on Instagram.
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