Switzerland is currently facing unexpected challenges in terms of inflation and the strength of the Swiss franc. The latest report by Gavekal Research highlights a slowdown in inflation, with the rate dropping to 1.1% year-on-year in August. This is below the SNB’s anticipated 1.2% and suggests that third-quarter inflation figures will fall short of expectations.
California has recently announced its plans to sell $2.5 billion of tax-exempt general obligation bonds, marking the state’s second largest offering in the current year. The purpose of this sale is to finance voter-approved projects, pay down outstanding commercial paper, and refund outstanding general obligation bonds. Fitch Ratings has assigned a AA rating with a
Starboard Value, an activist investor, has made a bold move to dissolve News Corp’s dual-class share structure. This is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. The push was initiated through a non-binding shareholder resolution, indicating a strong desire to shake up the current ownership
In September 1916, the world witnessed a groundbreaking moment when the first billionaire was announced, marking a significant milestone in wealth accumulation. Fast forward more than a century later, and the race to reach the trillionaire mark is still ongoing, sparking curiosity and intrigue among wealth enthusiasts. With several companies already crossing the trillion-dollar threshold,
The proposed half-point interest rate cut by Nobel Prize-winning economist Joseph Stiglitz has sparked a debate on the appropriate monetary policy response by the Federal Reserve. Stiglitz argues that the Fed has gone “too far, too fast” with its tightening policies, exacerbating the inflation problem. This critique has implications for the upcoming Fed meeting and
As per the analysis conducted by on-chain analytics firm IntoTheBlock, Bitcoin’s historical cycles are pointing towards a substantial rally potentially happening in 2025. The firm suggests that, on average, there is a period of approximately 480 days between Bitcoin’s halving events and the subsequent peak, placing the next peak around the summer of 2025. With
As the summer holidays come to an end, investors in China are facing the harsh reality that consumption and growth will likely remain sluggish for the foreseeable future. Analysts at JPMorgan recently downgraded their opinion on Chinese stocks to neutral from overweight due to a challenging outlook. This has led to increased recommendations for other
The recommendation of Planet Fitness by top Wall Street analysts seems promising, with the company’s recent better-than-expected results for the second quarter and reaffirmed full-year guidance. However, the reliance on the strength of the company’s asset-light franchise model raises some concerns. Will this model be sustainable in the long term, especially in an industry that
In the midst of the recent decline in Bitcoin price, Michael Saylor, co-founder and chairman of MicroStrategy, took to Twitter to deliver a strong message to the crypto community. Saylor’s tweet, “You do not sell your Bitcoin,” comes at a time when investors may be feeling the urge to sell off their holdings. The Crypto
Figure Markets, in collaboration with shareholder Veton Vejseli, has made a formal request for access to specific company records of Ionic Digital under Section 220 of the Delaware General Corporation Law. The purpose of this request is to investigate potential misconduct by the Board of Directors and evaluate their performance in fulfilling fiduciary duties. The