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UBS's Schultz Group has been recognized for the second consecutive year on the Forbes/SHOOK America's Top Wealth Management Teams, High Net Worth list for 2024. The Phoenix-based team, led by Steven L. Schultz, Stockton M. Schultz, and Justin M. Low, ranked #1 in Arizona in 2023 and is part of an elite group managing over $490 billion in assets, focusing on high-net-worth households with accounts under $10 million.
UBS's Schultz Group has been recognized for the second consecutive year on the Forbes/SHOOK America's Top Wealth Management Teams, High Net Worth list for 2024. The Phoenix-based team, led by Steven L. Schultz, Stockton M. Schultz, and Justin M. Low, ranked #1 in Arizona in 2023 and is part of an elite group managing over $490 billion in assets, focusing on high-net-worth households with accounts under $10 million.
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, 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.
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.
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