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Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Robinhood Crypto reported a notional trading volume of $119 billion and $38 billion in crypto assets under custody for 2024, marking significant growth and expansion in the U.S. and Europe. The firm achieved full coverage in all 50 states and added 20 cryptocurrencies in the U.S., while introducing 14 new coins in Europe and launching staking for SOL and ETH. Despite facing regulatory challenges, including a Wells Notice from the SEC, Robinhood's crypto business thrived throughout the year.
Robinhood Crypto celebrated a pivotal year in 2024, ending with $38 billion in crypto assets and achieving full coverage across all 50 US states. The platform expanded its offerings in Europe, launching in Italy, Poland, and Lithuania, and introduced new features like a Crypto Trading API and staking for Solana and Ethereum. With a total of 40 supported coins and rapid adoption of its self-custody web3 wallet, the company is poised for continued international growth and entry into institutional markets.
Leonteq faces a severe crisis after FINMA penalized the company for significant breaches in risk management, resulting in a 70% drop in share price and a fine of 9.3 million francs. The fallout has led to the departure of top executives, ongoing profit warnings, and scrutiny over suspicious transactions linked to tax evasion and money laundering. Despite claiming to have addressed these issues, the company's future remains uncertain as it grapples with regulatory oversight and internal turmoil.
UBS analyst Steven Fisher identifies opportunities in the construction sector, particularly highlighting Vulcan Materials, the largest producer of aggregate materials in the U.S. Despite recent revenue misses, Fisher anticipates growth driven by an improving non-residential construction market and operational efficiencies, projecting a 3-4% volume growth in aggregates by 2026.
UBS analysts highlight opportunities in the construction sector, particularly for Martin Marietta Materials (MLM) and Vulcan Materials (VMC), both rated as Strong Buy. Despite recent earnings misses, analysts foresee growth driven by a supportive construction market, with MLM expected to see an 18% upside and VMC a 19.5% increase in share price over the next year.
The ODP Corporation operates through an integrated B2B distribution platform and omnichannel presence, comprising three divisions: ODP Business Solutions, Office Depot, and Veyer. The ODP Business Solutions Division focuses on office supplies, while the Office Depot Division serves individuals and small businesses through a network of over 894 retail locations and e-commerce. Veyer specializes in B2B and consumer services, emphasizing distribution and global sourcing.
The ODP Corporation operates through three divisions: ODP Business Solutions, Office Depot, and Veyer. The ODP Business Solutions Division offers national branded and proprietary office supplies, while the Office Depot Division serves consumers and small businesses via a robust omnichannel platform, including over 894 retail locations. Veyer focuses on B2B services, excelling in distribution, fulfillment, transportation, and global sourcing.
The Biden-Harris administration is distributing $27.98 million for clean energy workforce development through the Energy Auditor Training Grant Program, funded by the Bipartisan Infrastructure Law. This initiative aims to enhance energy efficiency and create job opportunities across 15 State Energy Offices and the American Samoa Territorial Energy Office, focusing on both commercial and residential sectors. Selected programs will provide training and certification for energy auditors, promoting economic mobility and sustainability.
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Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
Robinhood Crypto reports 119 billion dollars in trading volume for 2024
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Robinhood Crypto achieves 38 billion in assets and expands into Europe
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leonteq faces existential crisis after finma penalties and management upheaval
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ubs identifies growth potential in two construction stocks amid economic shifts
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construction stocks poised for growth amid economic shifts and strategic opportunities
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11:57 11.11.2024
ODP Corporation maintains neutral outlook amid diverse business divisions
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ODP Corporation expands B2B services through integrated distribution and omnichannel platform
02:39 08.11.2024
US invests 28 million in clean energy workforce development initiatives
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23:57 24.10.2024
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