The Rise and Fall of Credit Suisse
Credit Suisse, once a powerhouse in Switzerland's banking industry, faced a catastrophic collapse due to scandals, financial losses, and institutional failures.
Volkswagen to Save Billions with Job Cuts
Volkswagen plans to cut administrative staff costs by 20% to save billions, as part of a larger restructuring effort. The brand aims to achieve 6.5% profitability by 2026, generating earnings of EUR10 billion in the same year.
Cevian Capital Takes Stake in UBS Group, Sees Significant Value Potential
Cevian Capital invests in UBS Group following Credit Suisse takeover, recognizing potential value in the Swiss financial giant. UBS shares rise as market capitalization increases.
The Future of Bitcoin and Cryptocurrencies
As we approach the end of 2023, J.P. Morgan cautions that the surge in popularity of Bitcoin and cryptocurrencies may not be sustainable. They analyze the potential gains and setbacks for these digital assets in 2024.
Shares of Mullen Automotive Inc.
Shares of Mullen Automotive Inc. experienced a significant decline as investors anxiously await the outcome of a critical shareholder vote that could determine the fate of the company's stock listing on the Nasdaq.
Federal Reserve Holds Interest Rates
The Federal Reserve defies expectations and keeps interest rates high, despite market optimism for rate cuts. Fed officials express concern over inflation and emphasize the need to manage it effectively.
Haley Criticizes DeSantis Over Campaigning with Anti-Israel Republican
Haley criticizes DeSantis for campaigning with anti-Israel Republican in Iowa, putting his support for Israel into question. Pressure grows for both candidates to establish themselves as the alternative to Trump in Iowa.
Adbri Receives Takeover Offer
Building materials supplier Adbri receives a $1.41 billion takeover offer from CRH and Barro Group. The article explores the evaluation of the offer, major shareholders, and the strong real estate market in Australia with government initiat...
Palantir Extends Army Contract Amid Controversy
Palantir extends contract with U.S. Army's Program Executive Office for Enterprise Information Systems, leading to positive market response. Analysts have mixed views on long-term prospects.
Hanwha Solutions Shares Surge as U.S. Unveils Clean-Energy Subsidy Guidelines
Hanwha Solutions sees significant increase in shares after U.S. releases guidelines for clean-energy subsidies. South Korean companies expected to benefit.