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gold price approaches record high amid strong demand and market trends
The price of gold surged by 27 percent in 2024 and has risen another 2.7 percent this year, reaching $2,694 per ounce. With the record high of $2,787 from October still within reach, the demand from savers and investors shows no signs of waning.
tesla faces declining sales and share prices amid growing consumer backlash
Tesla has reported a decline in car sales, leading to a significant but temporary drop in share prices, which experts view as a warning for other US tech stocks. Amidst this, many Tesla owners are distancing themselves from Elon Musk, showcasing sentiments through stickers on their vehicles.
Swiss pension fund controversy over shift to American custodian bank
Compenswiss has controversially shifted its custodian bank mandate from UBS to the American firm State Street, sparking political backlash and public concern over Swiss national assets being managed by a foreign entity. Critics argue the decision raises questions about compliance with federal procurement laws and the implications for asset management, despite assurances that the change is purely administrative and does not affect the location or management of the funds.
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