{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
UBS has maintained a neutral stance on Apple Inc., setting a price target of $236, with expectations for September sales of $94 billion and EPS of $1.58. Despite a flat year-on-year forecast for iPhone sales at 46 million units, there is potential for positive surprises from the iPad segment. Additionally, Apple faces challenges with its Vision Pro headset production due to slow sales and high costs, while a recent meeting between CEO Tim Cook and China's Minister of Industry highlights the importance of the Chinese market.
Goldman Sachs and Apple have been ordered to pay $89 million by a US watchdog agency due to consumer failures affecting hundreds of thousands of Apple Card users. CFPB Director Rohit Chopra highlighted the misconduct that led to this significant penalty.
Apple and Goldman Sachs have been ordered to pay over $89 million for mishandling consumer disputes related to the Apple Card. The Consumer Financial Protection Bureau found that Apple failed to forward numerous disputes to Goldman Sachs, which also did not comply with federal investigation requirements. Goldman Sachs faces a $45 million civil penalty and $19.8 million in redress, while Apple is fined $25 million.
Jim O’Neill, the economist who coined the BRIC acronym, criticized the BRICS group for achieving little over the past 15 years, stating that its potential to challenge the U.S. dollar is unrealistic as long as China and India remain divided. He expressed concern over the group's aspirations to be a global economic alternative, likening it to fanciful thinking. Meanwhile, Russian President Vladimir Putin is using the BRICS summit to showcase Russia's growing ties with Asian powers amid Western isolation efforts due to the Ukraine conflict.
Goldman Sachs and Apple will pay over $89 million following a Consumer Financial Protection Bureau investigation into their credit card partnership. The probe revealed customer service issues and misrepresentations affecting hundreds of thousands of Apple Card users. Goldman is required to pay at least $19.8 million in redress and a $45 million civil penalty, while Apple faces a $25 million civil penalty.
Starbucks has faced challenges in its fiscal fourth-quarter results, reporting a 3.2% decline in sales to $9.1 billion and a 24% drop in EPS to $0.80, both below expectations. UBS raised its price target to $95, citing new strategic initiatives from CEO Brian Niccol, while several analysts adjusted their outlooks amid a CEO transition and ongoing market pressures. Despite these hurdles, Starbucks continues to expand its global coffee research efforts and has increased its quarterly dividend by 7%.
Morgan Stanley is expanding its use of OpenAI-powered tools, launching AskResearchGPT to enhance productivity in its investment banking and trading division. This AI tool allows employees to efficiently access insights from over 70,000 research reports, significantly reducing response times to client inquiries. While adoption is high, the firm emphasizes that human analysts will continue to play a crucial role in generating research and maintaining client relationships.
Goldman Sachs has downgraded Indian stocks to neutral from overweight due to concerns over slowing economic growth, marking a shift after an 11-month winning streak. In contrast, UBS Global Wealth Management suggests that the current dip presents a buying opportunity, viewing the slowdown as temporary.
Analysts are divided on India's stock market outlook after an 11-month rally, with Goldman Sachs downgrading shares to neutral due to slowing growth, while UBS advises buying the dip, viewing the slowdown as temporary. Concerns over high valuations and weakening consumer spending persist, but some believe India's growth potential remains strong. Goldman has adjusted its 12-month target for the NSE Nifty 50 Index to 27,000, indicating a 10% upside from recent levels.
The Goldman Sachs Group, Inc.
Companies
20:32 23.10.2024
United States Dollar
The Goldman Sachs Group, Inc.
Apple Inc.
CHN
USA
Tim Cook
Donald Trump
Jin Zhuanglong
Show more
20:14 23.10.2024
17:30 23.10.2024
United States Dollar
The Goldman Sachs Group, Inc.
Apple Inc.
USA
Rohit Chopra
Tim Cook
Hugh Son
Show more
17:24 23.10.2024
United States Dollar
The Goldman Sachs Group, Inc.
Reuters Ltd.
BRA
IND
RUS
CHN
Jim O'Neill
Vladimir Putin
Show more
16:57 23.10.2024
16:38 23.10.2024
United States Dollar
UBS Group AG
Deutsche Bank Aktiengesellschaft
The Goldman Sachs Group, Inc.
Citigroup Inc.
Starbucks Corporation
CHN
GTM
CRI
USA
Joe Biden
Brian Niccol
Donald Trump
Show more
15:13 23.10.2024
United States Dollar
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Morgan Stanley
USA
Katy Huberty
Pierre Buhler
Show more
15:00 23.10.2024
10:31 23.10.2024
United States Dollar
Bernstein Societe Generale Group
The Goldman Sachs Group, Inc.
UBS Global Wealth Management
IND
Sunil Koul
Tan Min Lan
Show more
10:31 23.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Central Bank Actions
Market Analysis and Predictions
Tokenomics and Crypto Economics
Inflation Rates & CPI Data
Hedge Funds & Private Equity
Cryptocurrency & Blockchain Regulations
Banking Regulations
Employment Reports
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
ESG & Sustainable Finance Regulations
Corporate Responsibility & ESG
Anti-Money Laundering (AML) & Know Your Customer
Blockchain Technology Adoption
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Apple Inc.
Ethereum USD
Solana USD
Ripple USD USD
Bitcoin USD
Coinbase Global, Inc.
Santiment Network Token USD
Bitwise Bitcoin ETF
NVIDIA Corporation
Ripples USD
JPMorgan Chase & Co.
BlackRock, Inc.
MicroStrategy Inc
Taiwan Semiconductor Manufacturing Co Ltd
Chainlink USD
Grayscale Bitcoin Trust ETF
Heritage Distilling Holding Company, Inc.
Robinhood Markets, Inc.
MARATHON DIGITAL
End Federal Reserve USD
United States Dollar
Armenian Dram
Euro
Vietnamese Đồng
British Pound Sterling
Canadian Dollar
New Zealand Dollar
Australian Dollar
Philippine Peso
Malagasy Ariary
Japanese Yen
Singapore Dollar
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.