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Raiffeisen Research Adds Vonovia to Top Picks Amid Attractive Valuation
Raiffeisen Research has added Vonovia to its Top Picks list, citing its attractive valuation with a price-to-book ratio of around 0.8 amid rising yields. The demand for rentals in Germany is expected to remain strong due to affordability issues and a shortage of new buildings, while recent interest rate cuts are lowering refinancing costs. The updated Top Picks include notable companies such as 3M, Amazon, and Microsoft, alongside Vonovia.
us markets decline amid tariff fears and geopolitical tensions as gold surges
US markets are under pressure as fears of a trade war escalate with President Trump's impending tariffs affecting all countries. The Dow Jones and Nasdaq 100 indices have seen significant declines, while gold prices soar amid geopolitical tensions. Vaccine stocks also suffered, with Moderna and Biontech experiencing sharp losses.
The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw gains due to positive developments in their business sectors.
Swiss stock market declines amid US tariff concerns and weak bank performance
The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw positive movements due to business developments.
credit suisse documentary reveals pressures and insights into banking collapse
A new documentary, "Game Over – The Fall of Credit Suisse," premieres in Swiss cinemas, detailing the bank's troubled history from a scandal in 1977 to its collapse in 2023. Director Simon Helbling faced pressure to suppress the film, emphasizing the importance of addressing the bank's legacy for Switzerland. Meanwhile, the KOF forecasts modest economic growth of 1.4% for 2025, contingent on stable international trade relations, with an upward revision to 1.9% for 2026 driven by EU stimulus packages.
musk's aggressive tactics in government raise concerns over chaos and legality
A federal judge has paused a deadline for government workers to accept Elon Musk's "deferred resignation offer," reminiscent of his controversial tactics at Twitter. Critics warn that Musk's slash-and-burn approach, which included mass layoffs and cost-cutting, may lead to chaos and legal challenges in the federal government. As Musk consolidates power, concerns grow over the implications for civil service protections and the overall effectiveness of his strategies.
elon musk's x files antitrust lawsuit against major advertisers over boycott
Elon Musk's X has expanded its lawsuit against several companies, including Lego and Shell, alleging they conspired to boycott the platform and violate antitrust laws. The complaint claims that members of the Global Alliance for Responsible Media collectively withheld advertising revenue and enforced brand safety standards that X has since met or exceeded. The lawsuit highlights the ongoing impact of this boycott on the platform's revenue and its contentious relationship with advertisers since Musk's acquisition.
Elon Musk snubs Norway wealth fund CEO after pay package rejection
Elon Musk declined an invitation to dinner from Nicolai Tangen, CEO of Norway’s $1.4 trillion sovereign wealth fund, after the fund voted against ratifying Musk's controversial pay package. Musk expressed his disappointment over the fund's decision, which he felt warranted a lack of future favors. Tangen clarified that his messages were public records, and Musk later criticized him as a "dangerous politician" for allegedly using the fund for self-promotion.
Swiss stock market rises as Kühne Nagel and UBS lead gains
The Swiss stock market closed higher on Monday, with the SMI index surpassing 12,000 points for the first time since late October, despite a cautious trading environment ahead of Donald Trump's inauguration. Kühne + Nagel, Lonza, and UBS were among the top gainers, while Zurich and Schindler saw declines. The VSMI volatility index rose by 6.5%, indicating expectations of increased market fluctuations.
growing concerns over private funding in swiss university research
The number of externally funded professorships in Switzerland has surged by 13% over five years, with significant growth at the University of Bern, raising concerns about potential dependency on private funding. While some academics advocate for maintaining scientific independence, others argue that corporate sponsorship can enhance research quality if managed properly. Universities are adopting varied strategies, with some rejecting external funding entirely, while others embrace it, highlighting the ongoing debate over the influence of private money in academia.
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