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Fed Chair Jerome Powell's hawkish outlook for 2025 spooked investors, leading to significant drops in cryptocurrencies, with Bitcoin falling 8% to $92,000 and XRP plunging 13%. Although both have since rebounded, concerns about thinning liquidity over the holidays and a potential US government shutdown loom large. The aggressive tone from the Fed caught traders off guard, as they had anticipated a 0.25% rate cut, while Powell dismissed the idea of a US Bitcoin strategic reserve.
A parliamentary inquiry has concluded that Credit Suisse's management is primarily responsible for the bank's collapse, while the Swiss financial regulator, Finma, faced criticism for its ineffective oversight. The report highlights the bank's history of scandals and regulatory failures, recommending enhanced powers for Finma to prevent future crises.
A parliamentary inquiry has concluded that Credit Suisse's management is primarily responsible for the bank's collapse, while the Swiss financial regulator, Finma, faced criticism for its ineffective oversight. The report highlights the bank's history of scandals and regulatory failures, recommending enhanced powers for Finma to prevent future crises.
Accenture plc focuses on management consulting, technology services, and outsourcing, with consulting services accounting for 52.4% and outsourcing 47.6% of sales. The company serves various sectors, including automotive, health, financial services, and communications, with a geographical sales distribution of 47.3% in North America, 33.2% in Europe, and 19.5% in other regions.
Accenture plc, rated as a Buy by UBS, excels in management consulting, technology services, and outsourcing, with net sales split between consulting (52.4%) and outsourcing (47.6%). Key sectors include Automotive/Distribution/Travel/Transport (29.8%) and Healthcare/Public Services (19.5%), while geographical sales are led by North America (47.3%) and Europe (33.2%).
Darden Restaurants, Inc. operates a diverse portfolio of 2,181 restaurants, including 2,031 company-owned and 146 franchised locations. The brands under its umbrella include Olive Garden, LongHorn Steakhouse, and Ruth's Chris, among others, showcasing a wide range of dining options. UBS has issued a buy rating for the company, indicating positive market sentiment.
FedEx Corporation, a global leader in express delivery, has received a buy rating from UBS. The company's net sales are primarily derived from mail and express delivery services (46.6%), small package delivery (39.1%), large package delivery (10.3%), and other services (4%). Notably, the United States contributes to 72.4% of its net sales.
FedEx Corporation, the global leader in express transportation, has received a Buy recommendation from UBS. The company's sales are primarily derived from courier and express services (46.6%), small parcel delivery (39.1%), large parcel delivery (10.3%), and other services (4%), with 72.4% of sales generated in the United States.
Verizon Communications, Inc. specializes in wireless and wireline telecommunications services, operating primarily through Verizon Wireless in the U.S. Its offerings include mobile phone services and broadband Internet access, with net sales divided among residential (75.7%), business (22.4%), and other customers (1.9%).
Cintas Corporation, a leader in the American market for work uniforms, has received a Buy rating from UBS. The company's net sales are primarily driven by uniform rentals, accounting for 77.8%, while additional services such as restroom cleaning and first aid/security contribute 22.2%.
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